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Smooth Love Potion Price Prediction 2021 — Will SLP Surpass Its Current ATH Soon?

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  • Bullish SLP price prediction ranges from $0.23 to $0.3.
  • SLP price might also reach $0.5 soon.
  • SLP bearish market price prediction for 2021 is $0.16.

This Smooth Love Potion Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our SLP price analysis and prediction.

The cryptocurrency market has started to surge again. In fact, there are many digital assets that increased to a new all-time high during the recent 2021 bull run. In contrast, some crypto had shown a downtrend as well. This made many crypto investors and traders confused about whether it is time to hold or sell the crypto for a good price. This is the same scenario for SLP.

Nevertheless, the crypto market is consolidating lately, and most cryptos are losing their previous profits. Is the scenario the same as the SLP price? We’ll find out shortly in this SLP price analysis 2021 article. But first, let’s have a look at what SLP is.

What Is a Smooth Love Potion (SLP)?

The advent of the blockchain world shows possibilities that could be limited by a person’s imagination. Moreover, the use cases of blockchain technology are on a steady wheel and nearly penetrating all spheres of life, that includes the gaming industry. All-in-all, most gaming platforms prefer to capitalize on famous digital assets such as BTC, ETH, or ADA as rewards.

However, Smooth Love Potion (SLP) is a gaming token that is created by Axie Edge. Moreover, the token is ETH-related and breached both the gaming world and Defi space through its availability on the Uniswap liquidity pool.

More so, it is not a complex gaming crypto token that is utilized for interesting reasons. Mostly, the token serves as the primary crypto token for breeding per creature while playing Axie Infinity. However, it can be bought and traded on Uniswap.

Now that we have an idea about SLP, do you think SLP will be profitable crypto in 2021? Join me and let us see the charts in this SLP price analysis and SLP price prediction.

Smooth Love Potion (SLP) Current Market Status

Smooth Love Potion is one of the most aggressive digital assets in the crypto market today. In fact, crypto was able to record a huge growth rate of over +255% in the past three months. For this reason, SLP has become one of the most talked-about digital assets in the crypto world.

In terms of its market standing, the crypto positions itself as one of the most prominent cryptocurrencies in CoinGecko. As a result, SLP price trades at $0.208 with a 24-hour trading volume of $107,529,899. Indeed, this market status of crypto attracts global investors all around the world.

Now that you already have an idea about what Smooth Love Potion cryptocurrency is, do you think Smooth Love Potion is a good investment this year? If you are already excited to know, come, and together let us check this Smooth Love Potion price prediction and price analysis article.

Smooth Love Potion (SLP) Price Analysis 2021

Currently, SLP holds 263th place on CoinGecko. But will the recent development and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this SLP price prediction article.

SLP/USDT chart showing Descending Triangle pattern (Source: TradingView)

In the chart above, which is set in a daily time frame, we can see the Descending Triangle pattern. This is an important indicator since SLP has been showing bearish over the past 3 months. Consequently, the descending triangle pattern hints that SLP will finally go bearish.

In the foreseeable future, we can say that SLP has a higher chance of going bearish than bullish.

The Relative Strength Index (RSI) is at 37.22, which means that SLP is in an nearly oversold state. However, this may lead to a price reversal at any given time. 

Therefore, traders must trade wisely and must not be affected by the market hype. With this in mind, traders can be cautious and stay away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).

SLP USDT 30-day SMA and 50-day EMA
SLP/USDT 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, SLP’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations and corrections right away. Taking this into consideration, SLP has a competitive market this 2021.

SLP Price Prediction 2021

As shown below in this SLP price forecast chart, in a smaller time frame, SLP has shown a bullish uptrend.

In the above SLP price forecast, SLP might push the SLP price to a bullish state. More so, in the short-to-mid term scenario for our 2021 SLP price prediction, SLP has to break past the Fib retracement level at $0.31. To do this, it has to establish more support at the Fib level at $0.29. If not, bears may gain the upper hand and drag Smooth Love Potion to their territory.

SLP Price Prediction 2022

If SLP’s bullish trend continues, SLP will reach $0.5 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.8. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $0.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future. This indicates that SLP has a high possibility of reaching a new ATH soon.

SLP Price Prediction 2023

The price of SLP can move even great heights, however reaching $1. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency SLP breaks past the psychological resistance level.

SLP Price Prediction 2024

As per the latest upgrades, developments, SLP price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of SLP in the crypto market, and it will be the best investment as the price can spike and reach around $2.5.

SLP Price Prediction 2025

In the next four years, SLP prices could rise up to $5. However, reaching this level could not be so difficult for SLP as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

SLP has a great future ahead of it in 2021. With ongoing developments happening within the SLP ecosystem, as well as in the overall crypto market, we may see SLP reach new heights. The bullish price prediction of SLP is $0.3.

Meanwhile, our long-term SLP price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.419 this year. However, that will only happen if it breaks past a number of psychological resistances.

Also, if investors have decided that SLP is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is a Smooth Love Potion (SLP)?

Smooth Love Potion (SLP) is a gaming token that is created by Axie Edge. Moreover, the token is ETH-related and breached both the gaming world and DeFi space through its availability on the Uniswap liquidity pool.

How to Buy SLP Tokens?

Like other digital assets in the crypto world, SLP can be traded on many exchanges. Users can obtain SLP tokens by purchasing them from cryptocurrency exchanges such as Binance or Huobi Global.

Will SLP Surpass its Current ATH?

SLP is a good investment in 2021. However, SLP has a high possibility of surpassing its current ATH at about $0.419 this year.

Is SLP a good investment?

SLP is one of the active digital assets in the crypto market. In addition, SLP is now one of the most famous crypto platforms. However, SLP is a good investment in 2021.

What will be the Smooth Love Potion (SLP) price by 2022?

Smooth Love Potion (SLP) price is expected to reach $0.8 by 2022.

What will be the Smooth Love Potion (SLP) price by 2023?

Smooth Love Potion (SLP) price is expected to reach $1 by 2023.

What will be the Smooth Love Potion (SLP) price by 2024?

Smooth Love Potion (SLP) price is expected to reach $2.5 by 2024.

What will be the Smooth Love Potion (SLP) price by 2025?

Smooth Love Potion (SLP) price is expected to reach $5 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.



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