Assessing if Axie Infinity and SLP have a second chance at success
Can you get a second chance at success? That’s what many Axie Infinity investors are wondering as one of crypto’s most popular and hyped-up NFT-based games announced some high-level changes to its inflationary economics.
Now, can the performance of Axie Infinity’s Smooth Love Potion [SLP] token used for breeding new Axies tell us something new about the health of the ecosystem?
At press time, the AXS token was trading at $62.69, after an impressive jump close to 21% the past 24 hours and a rally of 45% in the past seven days.
If that wasn’t good news enough for bulls, Santiment data revealed that SLP recently saw a breakout of more than 30%. Investors were quick to buy while they had a chance and are surely expecting more returns from the token. For others, this also served as a sign that perhaps Axie Infinity was readying for a new round of wins.
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