Written by
P2E News

Why Does The Price of SLP and AXS Keep Skyrocketing?


Well, to understand it, you need to consider a few things.

  1. The game is growing extremely fast, and to play the game as a manager, you need these tokens.
  2. The Axie Infinity team have doubled the amount of AXS required to breed Axies, 2 AXS up to 4 AXS.
  3. The game is gaining an extremely large amount of exposure and hype, people are purchasing these tokens for investment.

Now let’s reflect on each one very briefly.

How fast is the game growing? Well, to put it into perspective, the game had 15,000 active users at the start of 2021 and now has over 310,000 active users. That is an increase of 2,000% in 6 months.

User Growth

As you can see above, these are the user numbers as of July 4th 2021, the growth has been astronomical.

Now, Why did they increase the breeding count from 2 AXS to 4 AXS? Well, the answer is actually quite simple. Here is a message from the Axie team as to why they chose to do this:

AXS from 2 to 4

In summary, it is for the sustainability of the in-game economy. The price increase of AXS would have been an easy bet for many investors after this announcement.

Finally, the game is popular! With popularity comes larger reach and more eyes. When the eyes of the whales are caught, you can guarantee that the money will start to flow into the tradings pairs, and with this, the price should begin to increase. On top of this, both tokens are on Binance, which is the world’s largest exchange. Millions of people have access to these tokens, meaning billions of potential trading money. See the regular trading volumes for both tokens below:

AXS SLP Trading volume

It goes without question that AXS and SLP have huge potential and opportunity to grow in the future. However, the ride will not be smooth, that’s a given. Be safe and have fun. Only invest what you can lose.

Related articles

Origins Season 4: Mystic Era is Live!

Axie Infinity has just launched its Origins Season 4: Mystic Era. With this new era comes a wave of excitement as players dive deeper into the gameplay.

Axie Infinity Introduces the Avatar Forge

Say hello to the Axie Avatar Forge, where Lunacians can now forge unique and customizable avatars using their axies! Read to learn more.

Axie Infinity: Origins is Now Available on App Store!

Axie Infinity has now introduced Origins to the App Store in countries across LATAM (Latin America) and Asia, unlocking possibilities for iOS users.

Axie Infinity Season 4 is Live with New Features and Exciting Updates!

Axie Infinity has launched its Season 4 which offers a lot of new features and updates! Here’s what you need to know.

Axie Infinity Launches Homeland Alpha Season 2!

Homeland Alpha Season 2 is now live! Let's dive into what to expect in this new season.

RON Staking Rewards Now Live with a High APR

Ronin has launched RON staking rewards! In this article, you'll discover everything you need to know about RON staking, its rewards, and how to get started.

Ronin Launches RON Staking and New Game Studios!

Ronin has announced the launch of RON staking. To celebrate the said launch, Ronin is thrilled to unveil the first game studio partners building on its platform!

Axie Infinity Origins S3: Mystic Era is Live!

Axie Infinity announced the beginning of the Mystic Era. Prepare for a more exciting and challenging season!

Ronin Wallet Social Login is Live With Enhanced Security!

Ronin, Axie Infinity's digital wallet, has just introduced Social Login, a new feature that enables users to create a wallet using their Google, Apple, Facebook, or Twitter accounts in under two minutes!