Let's talk about the price action of Axie Infinity tokens
After a nice conversation with my friends I was encouraged to write this post, one of the things we talked about is that seeing the crypto market recover over 0,2% is a great move to capitalize or failing that to take a position in the market, but seeing a cryptocurrency like SLP (Smoot Love Potion) surpass -11% in the last 7 days is something extraordinary for both investors and Axie Infinity players.
At the time of writing this post, SLP which is one of the tokens of Axie Infinity increased more than -5 % in the last 24 hours, an action that investors attribute to the recent modifications executed by the developers of this NFT game.
Among the modifications that have been executed are, Axie burning, new burning methods for the SLP, adjustments in the rewards, elimination of the 50 SLP that were earned daily in the Adventure Mode, and expansion to 300,000 the number of places on the leaderboard.
All these movements or rather the recent modifications, seem to have positively impacted the SLP price action, this if we consider that according to the data reported in Coingecko, the SLP price is 0.0291505072 dollars, with a 24 hour trading volume of 1,545,932,239 dollars, additionally the SLP price presents a circulation supply of 33 billion units.
All this positive environment around the SLP price, give the slight impression that both investors and players are accepting the latest changes of this famous NFT game, a fact in itself that could drive a progressive recovery in the price of the token element that will probably attract new investors.
SOURCES CONSULTED
Coindesk Axie Infinity Reduces SLP Emissions to Prevent 'Collapse'. Link
OBSERVATION:
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