We, like probably many of you, wanted to make money on speculation with SLP cryptocurrency, but as a result we became invested hostages. Since we are not playing a game where we could use this token, the maximum we can squeeze out of this investment is a passive income by transferring tokens under staking.
SLP cryptocurrency – brief history of price movement
The first wave of hype for gaming tokens has passed and now there is a correction. The price of SLP cryptocurrency has been falling steadily for six months and the value has already decreased by -90% from the high. During this fall we made several long buys and froze 10% of the trading deposit of the P_S_trade project to no avail. In fact, guessing the bottom of this fall – is like guessing the cards, so we will not deal with this, but share our investment forecast for the cryptocurrency SLP.
Global growth targets and conditions for SLP cryptocurrency
It is around $0.35 that we would like to fix part or even all of the investment in this token. First of all, the conditions we described in Bitcoin forecast are fulfilled now so that at least minimal, but still alt season will start.
Please familiarize yourself with them:
Secondly, we need to somehow limit the maximum number of coins to be issued, as long as there is no upper bar, they print as many as they need. The supply in the market will decrease, then the demand will naturally increase the price. Third, sometimes crypto projects do denominations and similar maneuvers and after that the price of token or coin grows well. At the moment, we have to wait for the first impulses of SLP cryptocurrency up on large timeframes. The trap of this cryptocurrency is that it can grow quite well for one day. But it is an emotional growth and you can’t always predict when this bounce will happen. So, if you are thinking about buying SLP now – you have to be ready for drawdowns and have the capital to buy the cryptocurrency below.