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Syndra
Aug 10, 2021 7:47 AM

Market Cap vs Minted/Burned Data Study 

SLP / TetherUSBinance

Description

Sources Data
Minted/Burned: axieworld.com/en/economics/charts?chart=slpIssuance
Cap/Price: coingecko.com/en/coins/smooth-love-potion/historical_data/usd

Data Used:
Change Rate: MED, MAX, MIN, AVG (past 14day)
BURNED/MINTED: MED, MAX, MIN, AVG (past 14day)
RAND: (based on Change Rate)

So I tried to compare these data to project a potential price in the next 14day. In the next 14day, the price potentially drops to 0.119 ~ 0.154 USD per SLP (if and only if the developer did not implement the SLP cut on the adventure and daily task). Since I didn't have the data that shows how many people were affected by this update, I can't say for sure.

Basically, the SLP gained by the floor axie is reduced BUT someone who is in higher rank gained more SLP.

Will this update create a shortage or surplus in SLP Supply?
Comments
Azipopa
@Syndra

Agree with you, bought my bag when price was 0,24. It was hard to, but I sold it today, as I do not believe that with current economics it will grow in near future.
Looks like price of AXS increased almost twice and currently SLP burning even less.
tyte47
very in-depth research.
thanks for sharing
Syndra
@tyte47, not really "in-depth" haha. It is just price speculation if the market conditions remain the same as they did 14day ago. Thanks for passing by.
bahagamer1000
@tyte47 can u explain to me what u understand
i mean give me conclusion
tyte47
@bahagamer1000, that this coin is not worth putting money in, there are way better projects in the market which are safer
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