Technical analysis by MoonTradingForecast about Symbol SLP: Buy recommendation (2/12/2024)

## SLP Coin: Fundamentals, Recent News, and Disclaimer **Fundamentals:** * Smooth Love Potion (SLP) is the in-game currency of Axie Infinity, a popular play-to-earn blockchain game. * Players earn SLP through gameplay, primarily by battling other Axies. * SLP is used for breeding new Axies, which can be sold for profit or used in further gameplay. * SLP is an ERC-20 token, meaning it runs on the Ethereum blockchain. * There is no maximum supply of SLP, but the rate of creation is controlled through in-game mechanisms. **Recent News:** * SLP price has been volatile in recent months, dropping significantly from its all-time high in July 2021. * The Axie Infinity team has implemented several changes to the game's economy, aimed at balancing SLP supply and demand. * These changes include reducing the SLP rewards for certain activities and introducing new SLP sinks (ways to remove SLP from circulation). * The upcoming launch of Axie Infinity: Origins, a revamped version of the game, could potentially impact SLP demand. **Disclaimer:** * I am not a financial advisor and this information should not be considered financial advice. * Cryptocurrency investing is inherently risky and volatile. * You should always do your own research before making any investment decisions. **Additional Resources:** * CoinMarketCap: (coinmarketcap.com/cu.../smooth-love-potion/) * Axie Infinity: (axieinfinity.com/)