Market Cap vs Minted/Burned Data Study
Sources Data
Minted/Burned: axieworld.com/en/economics/charts?chart=slpIssuance
Cap/Price: coingecko.com/en/coins/smooth-love-potion/historical_data/usd
Data Used:
Change Rate: MED, MAX, MIN, AVG (past 14day)
BURNED/MINTED: MED, MAX, MIN, AVG (past 14day)
RAND: (based on Change Rate)
So I tried to compare these data to project a potential price in the next 14day. In the next 14day, the price potentially drops to 0.119 ~ 0.154 USD per SLP (if and only if the developer did not implement the SLP cut on the adventure and daily task). Since I didn't have the data that shows how many people were affected by this update, I can't say for sure.
Basically, the SLP gained by the floor axie is reduced BUT someone who is in higher rank gained more SLP.
Will this update create a shortage or surplus in SLP Supply?
Minted/Burned: axieworld.com/en/economics/charts?chart=slpIssuance
Cap/Price: coingecko.com/en/coins/smooth-love-potion/historical_data/usd
Data Used:
Change Rate: MED, MAX, MIN, AVG (past 14day)
BURNED/MINTED: MED, MAX, MIN, AVG (past 14day)
RAND: (based on Change Rate)
So I tried to compare these data to project a potential price in the next 14day. In the next 14day, the price potentially drops to 0.119 ~ 0.154 USD per SLP (if and only if the developer did not implement the SLP cut on the adventure and daily task). Since I didn't have the data that shows how many people were affected by this update, I can't say for sure.
Basically, the SLP gained by the floor axie is reduced BUT someone who is in higher rank gained more SLP.
Will this update create a shortage or surplus in SLP Supply?
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