Greetings to all readers of this great platform, especially to those who make life in the great community of #ProjectHOPE, in the present opportunity I want to talk a little about Axie's project and its probability of recovery in terms of the price of its SLP token, which has had very good reaction in the crypto market in the last 30 days despite having had a bad last week for its value, losing a large % of its price these last days.
 Screenshot taken at: PixaBay |
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First of all it is necessary to give a small tour of what formed this great Axie project, as many will remember it and others with less time in the blockchain did not know this great project, which managed to generate so many benefits in its good times to the people who were part of it, practically generating employment to many people and profits to investors who bought their NFTs for other people to work for them.
The Axie project was the NFT game that most revolutionized the crypto market, it was a real madness the amount of income that this generated, buying 3 NFT to form your team and to generate token was really something very expensive that easily exceeded 1000 USDT in its price, but it was recoverable in less than 1 month if they were used by skilled people in the game, because at the end of all it was a game to mine token and thus earn profits.
The project had a series of quite strong problems, which generated at the time that the project lost almost all its market value, as you can see in the cover image and go from costing 500 USDT a NFT to cost up to 1 USDT today, despite this the confidence in the project and in the recovery of the price of its SLP token is still a reality and after a long time this again generates a window of possibility for future profits.
Last month the token managed to double its price and a little more, this generated a selling pressure that led to make the respective correction this last week, but it is still within the range of consolidation of the same, we can expect that the token corrects to continue rising, the future is uncertain because of the number of tokens that exist and how far the price can rise before people sell all the tokens, but it is giving enough good signals that can generate a positive market for it.
