- SLP’s breakout trend hints at a potential massive reversal with a 7,110% target still in focus.
- Crypto analyst predicts SLP could achieve a significant breakout, supported by ecosystem developments and recent token burns.
Smooth Love Potion (SLP) has recently gained notice in the cryptocurrency market as it retains pace after breaking through a long-standing resistance trend. A tweet by well-known crypto analyst Javon Marks suggests SLP might be preparing for a major turnaround.
Marks pointed out a possible breakthrough objective of $0.33263, which, should it be hit, would show an amazing rise of over 7,110%. This estimate points to a 72x rally, a situation that would be much above the expectations of many investors.
Meanwhile, SLP is swapped hands at about $0.004243 at the time of writing, up 11.12% over the last 7 days. Its market cap has also grown, surpassing the $170 million mark. This result highlights growing interest in SLP, particularly as Axie Infinity’s ecosystem is strengthening and more general market factors match this.
SLP Gains Momentum with Axie Infinity’s Ecosystem Enhancements
Closely related to SLP, Axie Infinity, the game that serves as the ecosystem for the SLP token, has also launched programs to improve player acceptance and interaction. According to CNF, the Adoption Center of the platform offers assigned Axies and mission-based prizes, therefore streamlining onboarding for new members.
Completing missions to acquire points, players can permanently adopt Axies, therefore strengthening their bonds to the Lunacia ecosystem. These kinds of changes could act as a stimulus for SLP’s performance since they attract new players and increase the extent of the ecosystem.
Besides that, CNF previously reported in October that Axie Infinity consumed over 43 million SLP in September using its Meta Morph and Rune building systems. These kinds of token burning help lower circulating supply, therefore perhaps creating shortages and promoting long-term price increases.
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