Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
Archives
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • June 2022
  • May 2022
  • April 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
Categories
  • Bitcoin analysis
  • Crypto Coin Analysis
  • Cryptocurrencies – Trading Education
  • DeFi market analysis
  • Stock Market
Defimood

Copy Trading,
investments in cryptocurrency

Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
  • Crypto Coin Analysis

SLP cryptocurrency – What is the reason for the soaring price and where to sell

  • 11.02.2022
Total
0
Shares
0
0
0
0
0

In the last week, all investors are very happy with the growth of the price of SLP cryptocurrency.
The value of SLPUSDT is growing daily +40-70% and is already beginning to move into the euphoric stage. Although before that the value of SmallLovePotion token has been falling steadily for just over 6 months and many people have already buried this unsuccessful investment in their minds.

So, without emotions, let’s try to determine the reason for the current growth and where to say goodbye to your SLP.

SLP cryptocurrency – causes of growth

We don’t know what caused SLP cryptocurrency to grow and we don’t know where it will end. So, everything that will be written below is a mixture of facts and our assumptions:

  1. On 27. 01 .22, the developers of Axie Infinity released a control token, Ronin, for their robot battle game Sky Mavis.
    But in a tweet they were just bombarded with messages like: You guys are great for releasing something new, but maybe somehow support SLP from such a steady depreciation.
    Now Ron is trading at around $3. In our previous SLPUSDT ideas, tradingview users wrote in comments that they are trying to farm Ron while SLP cryptocurrency is in drawdown.
  2. SLP issuance has not been limited, there is no upper limit further, and as of 10.02.22 they are just over 4bn in circulation.
  3. the trading volumes are now 8-10 times higher than they were 2-3 weeks ago and most likely these volumes are being caught up by bots set up for pamp. For the reason that growth doesn’t allow deep corrections and opportunity to buy cheaper, hinting: buy now, because later it will be more expensive. But it’s a very dangerous thing, especially with margin leverage, because we’ve all seen how the SLPUSD price can and can fall.
  4. The first strong mirror level is around $0.06. That’s probably where the first real fight between buyers and sellers will start, as they’ll get bogged down in SLP and want to sell it off at zero or at least at a minimal loss.
  5. We are also SLP investors, we wrote earlier about our not so successful investment, but it was for a small part of the trading deposit and we know how to wait for the pumps)
    Frankly speaking, we don’t want to sell our SLP before $0.34-0.35, but we will know soon if they will give such price.

SLP cryptocurrency – growth targets

  • If SLP cryptocurrency finishes in range of $0.06-0.09, its capitalization will hit only the top 200, it’s not serious.
  • If we manage to increase it up to $0.34-0.35, token capitalization will be in the top 100.
  • If this growth passes the mark of +14000% from the bottom and stops at $1.20, the capitalization will be in the top 50 and will find +/- in the vicinity of the main token AXS capitalization.
  • The maximum that fantasy now allows you to think about is around $2 per SLP, and the capitalization will probably not for long, but still be able to skid into the top 20.
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
You May Also Like
View Post
  • Crypto Coin Analysis

XRP Cryptocurrency – buyers have a chance to start an uptrend

  • defimood
  • 25.11.2022
View Post
  • Crypto Coin Analysis

Monero Cryptocurrency – Does this “grandfather” have a future?

  • defimood
  • 16.11.2022
View Post
  • Crypto Coin Analysis

SOL cryptocurrency – closeness with FTX can destroy

  • defimood
  • 15.11.2022
View Post
  • Crypto Coin Analysis

Polkadot (DOT) сryptocurrency – growth forecast to $10

  • defimood
  • 11.11.2022
View Post
  • Crypto Coin Analysis

VET Cryptocurrency growth prospect to $0.07

  • defimood
  • 08.11.2022
View Post
  • Crypto Coin Analysis

The future of the FTT token is in jeopardy

  • defimood
  • 08.11.2022
View Post
  • Crypto Coin Analysis

SUSHI Cryptocurrency – main target $3.3

  • defimood
  • 04.11.2022
View Post
  • Crypto Coin Analysis

MASK Cryptocurrency – what Elon Musk and Twitter have in common

  • defimood
  • 03.11.2022
Defimood
  • Market analysis
  • General strategy
  • Copy trading
  • Deposit management
  • Assistance to Ukraine
  • About us
  • Українська
  • English
криптотрейдинг, инвестиции в криптовалюту

Copyright © 2021 defimood.com All Rights Reserved.

Input your search keywords and press Enter.