May 18, 2022

Small Love Potion (SLP) Price Skyrockets 100% as Axie Infinity Launches Ronin DEX

2 min read

Small Love Potion (SLP) is up a whopping 100% in the past 24 hours. The massive games begun the back of Axie Infinity, the project, part of whose environment SLP is, introducing a decentralized exchange.

  • Play-to-Earn continues to be a controling field in the cryptocurrency market, and today is just another proof of it.
  • Little Love Potion is a token part of the environment of Axie Infinity. In reality, it’s the cryptocurrency that gamers make while playing the video game, and it can likewise be utilized to breed new Axies.
  • Over the past 24 hours, SLP’s rate has gone up a whopping 100% before retracing a bit to where it presently trades.
slpusdt_chart
  • Chart by TradingView There are a couple of reasons that might discuss the incredible rise of SLP. First things initially, the broader play-to-earn environment is growing considerably in the past week following Facebook’s choice to rebrand to Meta and concentrate on developing the metaverse.
  • This alone caused the boost in some cryptocurrencies such as SAND and MANA.
  • On the other hand, however, Axie Infinity announced today that it has actually launched Katana – – the Ronin DEX.
    • height: 1em; max-height: 1em;”/ >< img src="https://s.w.org/images/core/emoji/13.0.0/72x72/1f50a.png" alt ="" class="wp-smiley" style="height: 1em; max-height: 1em;"/ > (@AxieInfinity) November 4, 2021 The exchange will be triggering RON rewards for the AXS/ETH and SLP/ETH pools later throughout the week, and it’s entirely possible that financiers are packing up in anticipation.