Play to Earn Currency SLP from Axie Infinity.
TA: We've seen SLP top out at 36 cents, And are currently in the retracement from that all time high. Price has reacted off an order block with confluence at the 78.6 fib level. This looks like we are seeing a reversal and SLP looking to make new highs.
FA: The demand for SLP increases as more and more people begin to play Axie infinity with their popular play to earn model. The other day the daily rewards for earning SLP were slashed in half. This is going to make the generation of SLP in game reduced and therefore create more demand on the token.
Overall very bullish on SLP and AXS. Real utility value and demand for both.
TA: We've seen SLP top out at 36 cents, And are currently in the retracement from that all time high. Price has reacted off an order block with confluence at the 78.6 fib level. This looks like we are seeing a reversal and SLP looking to make new highs.
FA: The demand for SLP increases as more and more people begin to play Axie infinity with their popular play to earn model. The other day the daily rewards for earning SLP were slashed in half. This is going to make the generation of SLP in game reduced and therefore create more demand on the token.
Overall very bullish on SLP and AXS. Real utility value and demand for both.