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Within the world of p2 earnings, Axie Infinity currently stands out for the fame it has gained in recent months.
Being so, its ecosystem structured with two cryptocurrencies of commercial use, such as the Smoth Love Potion (SLP) and Axie Infinity (AXS).
Current situation regarding Axie infinity has had an impact on many analysts on the subject, thanks to the fact that the price of SLP has dropped in recent months, due to the effect of a greater supply in the market and low demand, this low demand is due to the fact that the number of players entering the AXS ecosystem has dropped, this affecting its price in the current bassist market.
This already being the case, the team at Skymavis, founding company of Axie Inifinity has put up a hashtag on twitter to give their thoughts on burning the SLP token for near term recovery. #SkyMavisSLP
The point of the wording currently is that in the short term, despite the measures skymavis is taking with respect to the SLP, it is not enough. More methods have to be applied in burning and it is no secret to anyone. A rebound is expected on February 2nd due to the new liquidity pool in Katana Dex.
However, in the long term it is still a mystery due to the current bear market. One waits for the islands and V3 battles to be taken out for a price rally because of the necessary reinvestment that will be required.
Estimated about $20,7B in SLP token burning for the amount of axies in the market thanks to the main new burning method which will be an evolution of Axies.
With the release of the new RON token, there are high expectations for the Axie Infinity product itself.
Stay tuned for any updates from SkyMavis via social media!
#SLPTOMOON
See you later!