While Axie Infinity (AXS) posted an all -time high (ATH) price of $ 19.60 last Friday, Small Love Potion (SLP) also did not miss recording a 102% gain from $ 0.127 to a weekly high, $ 0.257.
The SLP surge was apparently driven by the entry of many new users into the world of pet digital fighting games in the world of Axie Infinity.
For the record, SLP is a token in the AXS ecosystem that is mined through games as a reward to its users. SLP can also be used as a currency to breed non-fungible token (NFT)-based characters, known as Axies.
One of the reasons for the increase in participation in this game, which is seen to be widely receiving attention from consumers in the Philippines, Venezuela, Cuba, Qatar and the United Arab Emirates (UAE) is due to sluggish economic factors.
Based on the observation of one of the Twitter users, Darren Lau, the profits earned through SLP farming are much higher than working Malaysian graduates.
At current prices, $ SLP farming is even more lucrative than fresh grads salaries in Malaysia
200 SLP @ 0.2 = $ 40 a day
(Takes 2 - 8 hours)
$ 40 * 5 * 4 = $ 800 a month = RM3,200
Play to earn is disrupting GLOBAL economies and it's still pretty early h/t @nansen_ai pic.twitter.com/pUlQG7U051
- Darren Lau (@Darrenlautf) July 7, 2021
However, it is uncertain to what extent SLP’s performance can survive in line with Axie Infinity’s growth.
At the same time, it would be more profitable if there were Axie Infinity users who received the extraordinary character, ‘Mystic Axie’ the result of a reproduction that is now traded around 30 ETH. While genesis land plots in the Axie Universe are tradable ranging from 270 ETH up to 888 ETH!
Another Genesis plot just sold for almost 270 eth. And mystic floor price is climbing to 30 eth. This is just unreal. @AxieInfinity $ AXS pic.twitter.com/JAaRjpJU4c
- Seuchenhund (@seuchenhund) July 7, 2021
