SLP to PHP: Tracking the Smooth Love Potion Price in Philippine Peso
For Filipino players of the popular blockchain game Axie Infinity, keeping an eye on the SLP to PHP rate is crucial. Smooth Love Potion (SLP) is the in-game currency earned by playing Axie Infinity, and it can be converted to real-world cash like Philippine Pesos.
The SLP price in PHP has seen some dramatic swings over the past year as the wider crypto market has experienced volatility. Let's take a look at the current SLP to Peso rate and what's been driving the price action.
SLP to PHP Today As of this writing, the SLP price is approximately ₱0.12 Philippine Pesos per token. This means 1 SLP is worth about 12 centavos in PHP.
The all-time high for the SLP to PHP rate came in July 2021, when the price surged to around ₱3.80 per SLP token. However, the price has dropped significantly from those lofty levels amidst the broader crypto market downturn.
SLP Price Factors Like many other cryptocurrencies, the price of SLP is primarily driven by supply and demand factors. When more players are actively earning and selling SLP from playing Axie Infinity, it increases the circulating supply and weighs on the price.
Additionally, the SLP price is influenced by the perceived future prospects and popularity of the Axie Infinity game itself. Positive news and updates that drive more users and interest in the game tend to be bullish for SLP.
The roadmap for Axie Infinity including plans for an upgraded battle system, land gameplay, and further decentralization could potentially boost SLP demand and prices down the road.
How to Track SLP Price in PHP Filipino Axie Infinity players and SLP holders can track the current SLP to Philippine Peso price across various crypto exchange listings and price tracking websites.
Popular platforms showing live SLP/PHP rates include Coinmarketcap, Coingecko, Binance, and others. Local Philippine crypto exchanges that allow trading between SLP and PHP include Coins.ph, Bittrue, and more.
With its direct tie to the popular play-to-earn Axie Infinity game, the Smooth Love Potion token and its SLP to PHP price remains an important metric to watch for many Filipino crypto users and gamers.