Moving averages are among the most popular Smooth Love Potion price prediction tools. As the name suggests, a moving average provides the average closing price for SLP over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for SLP is a sum of SLP’s closing prices over the last 12 days which is then divided by 12. Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity.
Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of SLP. The market capitalization of Smooth Love Potion can change significantly in a short period of time. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels.
If the SLP price moves above any of these averages, it is generally seen as a bullish sign for Smooth Love Potion. Conversely, a drop below an important moving average is usually a sign of weakness in the SLP market. The 50-day SMA indicates the average price of Smooth Love Potion over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an slp coin forum intermediate period of time.
- Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices.
- Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SLP price.
- In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA).
- That’s because of how these tokens are burned whenever new Axies are bred.
- The current Smooth Love Potion sentiment is bearish according to our technical analysis.
What is the Smooth Love Potion price prediction for next week?
All of this means that you may have a little difficulty purchasing SLP directly with fiat. As a result, you may need to convert your dollars, pounds or euros into a mainstream cryptocurrency such as Ethereum first.
Smooth Love Potion Markets
Nonetheless, at the time of writing the circulating supply of SLP was in the tens of millions — and this ERC-20 token does not have a hard cap. Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. Smooth Love Potion produces its own wallet software that is available for download on its website, which allows you to store Smooth Love Potion on your computer. Wondering if someone can ‘explain to me like I’m five’ why there is such a price difference in conversions with Slp. Not looking to cash out yet, but got curious after 4 years how I’d go about it if I were to take some profits and hold for a buy back during a potential price drop.
The Smooth Love Potion price prediction on CoinCodex is calculated using the historical Smooth Love Potion price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Smooth Love Potion prediction. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Smooth Love Potion. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels.
In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Just like with any other asset, the price action of Smooth Love Potion is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.
About Smooth Love Potion (SLP)
Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. According to our historical data, it is currently not profitable to invest in Smooth Love Potion. The price of Smooth Love Potion decreased by -57.56% in the last 1 year The price of by in the last 1 year.. Over the past 7 days, Smooth Love Potion price was most positively correlated with the price of and most negatively correlated with the price of . Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SLP price.
I tend to be lazy and just hold, but seemed like a good thing to look into. Anyway – the main point – why do I lose 15-25% trying to convert to USD or any stable coin? Smooth Love Potion’s 14-day RSI is at , indicating that is currently neutral. Smooth Love Potion (SLP) is a cryptocurrency token built on top of Solana platform. Learn about the magical world of cryptocurrencies with CoinMarketCap Alexandriа. Find out more on our deep dive on Axie Infinity, and how Axie Infinity compares to CryptoBlades, another popular Play2Earn game.
Popular Tools
Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Smooth Love Potion price chart. To see more analysis and outlook, please check the Smooth Love Potion price prediction page. Many cryptocurrency traders pay close attention to the markets when the current Smooth Love Potion price crosses an important moving average like the 200-day SMA. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Smooth Love Potion investors’ sentiment, and is based primarily on Bitcoin-related market data.
Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. It’s fairly unusual for in-game currency to be listed on exchanges like SLP has. In a way, it’s like Nintendo deciding to tie monetary value to the coins used in Super Mario. SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP.
This limit exists in order to prevent hyperinflation in the marketplace. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Smooth Love Potion. Currently, the Smooth Love Potion Fear & Greed Index stands at 65, which means that investors’ sentiment is in the so-called Greed zone. Currencies that are positively correlated with Smooth Love Potion indicate that the movement of one has a statistically significant weight to lead the other in the same direction.
Want to convert the Smooth Love Potion price today to your desired fiat currency? Numerous trading pairs are offered, including SLP/ETH, SLP/USDT and SLP/BUSD. However there is substantial interest in the Philippines for the SLP to PHP price and also in Australia for the SLP to AUD and Europe for the SLP to EUR prices. When SLP initially launched, it didn’t actually have a fluctuating value as a cryptocurrency. However, this all changed when a liquidity pool for SLP was created on Uniswap.
What was Smooth Love Potion’s maximum price?
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 44.64, which indicates that the SLP market is in a neutral position. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite.
Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Smooth Love Potion’s price action in 1-hour chunks. Each candlestick will display SLP’s opening price, closing price, as well as the highest and lowest prices that Smooth Love Potion reached within the 1-hour period. Smooth Love Potion traders use a variety of tools to try and determine the direction in which the SLP market is likely to head next.
- The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time.
- Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game.
- Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time.
- The Fear & Greed Index can be a useful measure of Smooth Love Potion investors’ sentiment, and is based primarily on Bitcoin-related market data.
- Wondering if someone can ‘explain to me like I’m five’ why there is such a price difference in conversions with Slp.
- These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.
As of Jun 24, Smooth Love Potion has a market capitalization of $52.7 Million and is ranked #414 among all cryptocurrencies. This calculation is based on the circulating supply of Smooth Love Potion. When trying to make a Smooth Love Potion forecast, many traders also try to monitor the activity of SLP “whales”, which are entities and individuals that control large amounts of SLP. Since the Smooth Love Potion market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Smooth Love Potion’s price movements. X2,x10, etc. means if the price of Smooth Love Potion (SLP) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins.
