Axie Infinity is poised for a comeback with its upcoming update, Wings of Nightmare, launching on November 21, 2024, which has already driven the $SLP token up by 25% as excitement builds among players. The post Could Axie Infinity Be Making a Comeback? SLP Up 25% in a Day – Here's Why appeared first on Cryptonews.

Notably, SNT saw the most substantial decline during the previous day's trading, with its price plummeting by over 12% to reach $0.05064. Santiment, a cryptocurrency behavior analytics platform, disclosed today that several cryptocurrencies have witnessed notable increases in essential on-chain metrics traditionally linked with bullish trends.

A handful of altcoins are seeing a “major surge” in address activity, according to the crypto analytics firm Santiment. The firm notes that Bitcoin Cash (BCH), Smooth Love Potion (SLP), Mask Network (MASK) and Civic Pass (CVC) have all hit three-month highs in terms of daily active address counts.

Data from Santiment shows that several altcoins have registered an increase in address activity, which may make them worth keeping an eye on. Bitcoin Cash & Other Altcoins Have Observed A Rise In Active Addresses As explained by the on-chain analytics firm Santiment in a new post on X, some alts are seeing rising activity despite the cooldown that the overall cryptocurrency sector has observed in the past couple of days.

After several months of volatile and uncertain trading, the altcoin market is poised for a welcome relief rally in the fourth quarter of 2023. This optimism is fueled by the anticipation of crypto traders looking to capitalize on profits during the end-of-year festivities, leading to a surge in overall trade volume.

The company behind the most valuable stablecoin in terms of market capitalization, Tether, has formally stopped supporting three separate blockchains. The stablecoin issuer halted minting USDT on Kusama (KSM), the Simple Ledger Protocol of Bitcoin Cash (BCH), and Omni Layer (OMNI) on Thursday.

Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains. On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bitcoin Cash's (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).

Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash's Simple Ledger Protocol (SLP).

Tether ceases support for Kusama, Bitcoin Cash SLP, and Omni Layer due to evolving crypto needs. The move follows Q2 earnings surpassing $1 billion.

Effective immediately, Tether will halt minting USDT on Omni, Kusama, and BCH-SLP layers

Smooth Love Potion [SLP] exhibited positive price action in Q1.

SLP staking profitability depends on the level of demand for the token in the Axie Infinity ecosystem as well as the retail market.

With the crypto market rally, altcoins have benefitted just as much as bitcoin. Digital assets across the space have been able to return to their pre-FTX collapse levels, signaling the start of a bull run.

The LUNC price, the SLP price and the STEEM price are all showing bearish signs and are likely to resume their downward movements. The post 3 Cryptos That May Never Make All-Time Highs Again appeared first on BeInCrypto.

After first raising concerns about the wallet, Michael Benko noted he was pleased to finally get an official answer about the mysterious whale wallet.

A mysterious whale wallet is holding 50% of Axie Infinity's SLP supply. The secretive wallet has been silently gathering billions of Smooth Love Potion (SLP), the in-game cryptocurrency powering one of the industry's most popular play-to-earn (P2E) crypto games, for almost a year now.

Contrary to the obvious explanation, this massive whale wallet is not owned by Axie Infinity or the company behind it, Sky Mavis.

Axie Infinity (AXS) and Smooth Love Potion (SLP) have both broken out from their respective descending resistance lines, but are still facing horizontal resistance. The post Axie Infinity (AXS) and Smooth Love Potion (SLP) Show Signs of Life After Long Downtrend appeared first on BeInCrypto.

After recording more than $4 billion in all-time sales, Axie Infinity announced the game's classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode.

Pseudonymous Axie Infinity enthusiast noticed interesting shift in crucial SLP metric