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Small Love Potion (SLP) price doubles as Axie Infinity user growth explodes

7/12/2021 1:52:14 AM GMT Rapid expansion in the Axie Infinity ecosystem and a parabolic rally from AXS triggered a 100% surge in the price of SLP. Last week Axie Infinity s AXS token went on an impressive parabolic run and hit a new all-time high at $19.60.  Small Love Potion (SLP), a token in the Axie Infinity (AXS) ecosystem that is minted through gameplay as a reward to users, also broke out with a triple digit gain. SLP can then be used as a currency to breed Axies, which are nonfungible token-based creatures that populate the Axie Infinity world.  SLP/USDT 4-hour chart. Source: TradingView

What s Going On With Axie Infinity (AXS), Small Love Potion (SLP) Cryptos Today?

What s Going On With Axie Infinity (AXS), Small Love Potion (SLP) Cryptos Today?
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Amid rising stablecoin inflow, cautious traders fear a dead cat bounce

Amid rising stablecoin inflow, cautious traders fear a dead cat bounce Strong hands accumulated Bitcoin throughout last week’s historic correction but BTC’s inability to reclaim the $40,000 level has some traders afraid of a dead cat bounce. 40573 Total views Market Analysis The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is a ‘dead cat bounce’ which will see token prices head lower or a solid reversal that will set the floor for the next leg higher for the market.  While BTC price still remains more than 40% below its all-time high of $64,863, bulls have managed to weather multiple attempts to significantly break below support at $36,000. 

Why March Is The Bloodiest Month In Bitcoin History

Why March Is The Bloodiest Month In Bitcoin History Reading Time: 2min read February is the largest monthly candle on record for Bitcoin price dollar for dollar. But with only a few days left in the shortest month of the year, things could soon turn extremely negative for the leading cryptocurrency by market cap. Here’s why March has traditionally been a bad month for Bitcoin, and what that could mean about the current crypto market uptrend. February Posts Landmark Bullish Cryptocurrency Monthly Candle From the February open until the highest recent peak, Bitcoin price added nearly $25,000 per coin to its price tag before pulling back.

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