Small Love Potion (SLP) coin has risen in value by 30% today, while its trading volume has also risen by 260% to almost $270 million. It is undoubtedly one of the hottest trending cryptocurrency stories on the market right now, and as a result, investors and traders across the sector have been exhibiting increased interest in SLP tokens.
This article explains everything you need to know about Small Love Potion crypto and SLP coin. We run through what the project is, how it works, and whether you should buy coins right now.
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First things first, for those of you who want to invest in Small Love Potion in the UK and elsewhere right now, we have listed the best places to buy and sell SLP coin in the section below.
How & where to buy SLP tokens online
The best platform to buy, sell and trade Small Love Potion tokens is a reliable, low-fee cryptocurrency broker. While some investors and traders like to use decentralised exchanges (DEXs), we feel crypto brokers offer the best all-around experience for the majority of people.
Simply click one of the links below, sign up and deposit funds to get started. Here are our top two recommendations:
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.
What is Small Love Potion (SLP)?
It is a cryptocurrency that runs on the Ethereum blockchain. SLP tokens can be earned by playing Axie Infinity, which is a community-driven online game. Rather than racking up experience points that you would typically earn with an MMORPG, players instead earn SLP coin.
Once players have racked up enough SLP, they can spend them on digital pets named ‘Axies.’ The cost to breed these digitised companions starts at 100 SLP, though this gradually scales up with each pet, rising to 200 SLP for the second, 300 for the third, 500 for the fourth, 800 for the fifth, 1,300 for the sixth, and 2,100 for the seventh, which is the maximum number of occasions that users can breed pets. By implementing these scaling costs, the developers can help avoid hyperinflation in the Axie Infinity economy.
You will need to win around 15 competitions to earn enough SLP to perform your first breed, but if you want to get a headstart with less playing time, buying SLP tokens on the open market could be the best way forward.
Should I buy SLP tokens?
If you want to participate in the game and breeds Axies, or if you just want to hold SLP to speculate on the potential future success of the game, buying some now could be a smart move.
However, cryptocurrency is generally a volatile and risky investment field, so make sure you conduct extensive due diligence to help avoid getting involved in something that costs you money.
Will Small Love Potion coin make me rich?
SLP crypto is unlikely to make you rich, but it isn’t actually impossible for a single atlcoin to deliver exponential value to tokenholders; just look at Dogecoin…
SLP price prediction 2021
Here is our Small Love Token price prediction:
Based on our analysts’ extensive analysis, we forecast that SLP tokens could be worth up to:
- $0.54 this year
- $0.64 by 2022
- $1.28 within 5 years
Social media coverage of $SLP
Check out our crypto news for the latest on SLP and other trending cryptocurrencies.
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