I assume you mean the price of the SLP. Right now the price is a bit low, but you should keep in mind that the cryptocurrency market is very low in general. Bitcoin almost always acted as an anchor. If the BTC rises in price, there is a positive sentiment and more is bought and prices rise.
On the other hand, when the BTC loses value due to any setback it has (let's say it is censored in some important country or something like that), the savvy people quickly sell so as not to lose value. Then the rest of us, out of fear, also sell and thus we all contribute to the price drop. but at some point things change because we want to take advantage of the low price and start buying. And then the others do not want to lose the opportunity either and they also buy and thus the prices go up more and more. This is normal.
The price of SLP is supposed to go up a bit when BTC and the other cryptos on the market recover. I think it should be incorporated between $0.06 and $0.08. Which is a good value.
Now, there are a lot of changes coming for Axie Infinity in the coming months. I believe that Axie coins should explode by the second half of this year. With the Origin, the v2 battles but especially when the lands are released.
Axie Infinity is the Bitcoin of NFT games. Prices will explode when we see what the entire Axie ecosystem and its Metaverse can become, and especially in the huge profits that those who manage to take advantage of it will surely have.
I assume you mean the price of the SLP. Right now the price is a bit low, but you should keep in mind that the cryptocurrency market is very low in general. Bitcoin almost always acted as an anchor. If the BTC rises in price, there is a positive sentiment and more is bought and prices rise.
On the other hand, when the BTC loses value due to any setback it has (let's say it is censored in some important country or something like that), the savvy people quickly sell so as not to lose value. Then the rest of us, out of fear, also sell and thus we all contribute to the price drop. but at some point things change because we want to take advantage of the low price and start buying. And then the others do not want to lose the opportunity either and they also buy and thus the prices go up more and more. This is normal.
The price of SLP is supposed to go up a bit when BTC and the other cryptos on the market recover. I think it should be incorporated between $0.06 and $0.08. Which is a good value.
Now, there are a lot of changes coming for Axie Infinity in the coming months. I believe that Axie coins should explode by the second half of this year. With the Origin, the v2 battles but especially when the lands are released.
Axie Infinity is the Bitcoin of NFT games. Prices will explode when we see what the entire Axie ecosystem and its Metaverse can become, and especially in the huge profits that those who manage to take advantage of it will surely have.