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Will the gaming token rebound?

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Since its all-time high in May, the smooth love potion token’s (SLP) price has dropped by over 80%. Is there hope that the SLP coin price will recover or will it keep losing value? This article looks at the current status of the project, the most recent information regarding SLP coin, and some forecasts regarding the coin’s future value of one of the most famous collectibles card game.

SLP creates an in-game economy on Axie Infinity

Gamers in the Axie Infinity world can win the smooth love potion token (also dubbed a “small love potion”) as a reward for their efforts. SLP is indeed an ERC-20 coin, and the blockchain on which Pokémon-inspired Axie Infinity operates is Ethereum’s. To create the non-fungible tokens (NFTs) known as Axies, which can be traded with other participants in the Axie Infinity Marketplace, players must spend SLP. Those who wish to participate in the game must first acquire some Axies. The number of SLP tokens that can ever exist is unrestricted.

The game’s meteoric rise in popularity has spawned a “scholarship” model, wherein “managers” lease the Axies to “scholars,” who play the game professionally and use them to make money.

As the source code for Axie Infinity is freely available, third parties can use the game’s art and genetic data to create their own games and experiences.

According to DappRadar, Axie Infinity, an NFT collection released in 2018 by gaming company Sky Mavis, has eclipsed CryptoPunks, among the first big NFT collections released in 2017, in terms of total traded volume, with over $2.84 billion compared to $1.56 billion for CryptoKitties.

Between July 2020 and April 2021, the value of one SLP token was worth between $0.0095 and $0.01. In a short amount of time, it climbed to a peak of $0.4191 as of May 1 before rapidly falling to its previous low of $0.1477 on May 12.

The price jumped and fell back two times more in May, increasing volatility. In June, SLP traded at $0.011, but by July, it had recovered to $0.4088. As of September 21st, the price had fallen to $0.0553, and throughout the month of October it fluctuated between $0.05 and $0.10. The price of one coin was $0.0696 as of November 1st, when this article was written.

On September 23rd, developers reduced the AXS cost from 2 to 1 and increased the SLP cost from 600 for breeding a single Axie to 6,300 for breeding six Axies. The Axie Infinity website states that the fee was changed in comment to a growth slowdown due to worries over a disparity in the rate at which SLP tokens were being minted and burned everyday, large volatility in the breeding fee because of fluctuation in the value of AXS and smooth love potion, and the increase in AXS to 80% of such breeding fee.

Prolonged success of the SLP,  the Axie economy will thrive if more people start playing Axie Infinity, if there is increased demand for Axies, and if the play-to-earn concept receives outside support.

Sky Mavis is working on a DEX for Axie Infinity’s Ronin, a sidechain connected to the Ethereum network, so that users may conduct transactions without incurring gas costs. The new fighting system they are creating will debut an Axie Infinity game demo before any financial choices are made.

The designers are considering options for handing over control of the Axie Infinity economy to “intelligent devices or informed users of the Axie network.”

So, what would some experts anticipate the price of an SLP token will be in the future?

Do you anticipate a rebound of price for SLP tokens in the near future?

Somewhere at time of writing, the technical analysis of SLP’s price on CoinCodex was pessimistic, with the token trading at $0.0969. Only three oscillator indicators were producing positive signals, compared to twenty-three that were bearish. CoinCodex forecasts that the price of the smooth love potion token will fall to $0.0642 on November 6th.

Based on their analysis of historical data, the analysts at Wallet Investor estimate that the price of SLP will fall from its current level of $0.07 to an average of $0.0073 by the closing time of the year. It predicted that the price will stay below $0.01 throughout 2022, averaging $0.0098 by year’s end. The site anticipated that by 2025’s conclusion, SLP’s price might have fallen to about $0.0085.

But DigitalCoin remained optimistic about SLP’s long-term prospects, projecting that the token’s average price would increase to $0.1207 in 2022 from $0.1014 in 2021, and then to $0.2125 in 2025. The site also estimated that by 2028, the average price of SLP might be $0.3213, with a high of $0.3435.

Additionally, PricePrediction’s SLP long-term prognosis was optimistic, with the average price predicted to increase from $0.35 throughout 2021 to $0.48 by 2022, $1.52 in 2025, and $9.08 throughout 2030. Be aware that crypto remain extremely unpredictable, making it tough to anticipate how much a coin will be worth in a week or even a month. As a result, analysts are fallible and often provide inaccurate forecasts.

Prior investing money, you should perform your own study and think carefully about the market’s current state, as well as latest events, fundamental and technical analysis, and professional opinion. Also, only put up money that you can manage to lose.

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Google announces country-specific domain names for its search page

This transition to a centralised domain may help Google optimise AI performance in delivering relevant search results.

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In a significant move aimed at unifying its search experience, Google has announced plans to phase out country-level domain names, such as google.ng for Nigeria and google.com.br for Brazil. Instead, the tech giant will redirect users globally to a standardised domain, google.com. This decision aligns with Google’s ongoing effort to enhance search functionality and accessibility, building on the improvement in local search capabilities introduced in 2017.

In a recent blog post, Google explained that it will begin redirecting traffic from these country code top-level domains (ccTLDs) to google.com. This transition will be implemented gradually over the coming months. Users may be prompted to adjust their search preferences during this process, as the company works to streamline the user experience.

“Historically, our approach to delivering localised search results relied on ccTLDs,” Google stated. “However, our capability to offer localised experiences has evolved significantly, making these distinctions unnecessary.” The company reassured users that the core functionality of its search platform will remain unchanged and that compliance with various national regulations will continue.

This initiative reflects Google’s commitment to improving how search results are tailored to individual users without the need for separate country-specific domains. While the official rationale emphasises enhancing global user experience, some industry experts speculate that the change may also be motivated by a desire to better integrate artificial intelligence (AI) into search results, potentially leading to reduced operational costs.

Google employs AI Overviews, a tool designed to aggregate information from a broad range of online sources to provide concise responses to user inquiries. This transition to a centralised domain may help Google optimise AI performance in delivering relevant search results.

Overall, as Google implements this shift, users can expect a more unified search experience. While changes in browser addresses may occur, Google emphasises that the way search operates and its compliance with national laws will remain consistent. This strategic shift signifies Google’s ongoing efforts to adapt to the evolving digital landscape and user needs globally.

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In HUL vs HCL defamation case, Delhi HC orders take down of Lakme sunscreen ad disparaging Derma Co

Honasa, in its plea to the Delhi High Court, argued that HUL’s claims are misleading and disparage competitors, damaging their reputation. In retaliation, HUL filed a countersuit against Honasa in the Bombay High Court, escalating the corporate feud.

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A legal showdown between Honasa Consumer Ltd. (HCL), the parent company of Mamaearth, and Hindustan Unilever Ltd. (HUL), which owns Lakmé, reached the Delhi High Court this week, with both FMCG giants filing defamation lawsuits against each other. On Thursday, the court ordered HUL to pull its current Lakmé sunscreen advertisements, prompting the company to agree to revise its campaign by removing references to “online bestseller” and altering the depicted packaging colours.

The dispute centres on Lakmé’s recent “SPF Lie Detector Test” campaign, which HCL alleges unfairly targets its Derma Co. sunscreen by questioning the efficacy of rival products.

In the ads, HUL claims that some “online bestseller” sunscreens, marketed as SPF 50, provide protection closer to SPF 20, based on in-vivo testing data from the past decade. While no brands are explicitly named, visuals juxtaposing yellow bottles—resembling Derma Co.’s packaging—against Lakmé’s sparked Honasa’s ire.

Honasa, in its plea to the Delhi High Court, argued that HUL’s claims are misleading and disparage competitors, damaging their reputation. In retaliation, HUL filed a countersuit against Honasa in the Bombay High Court, escalating the corporate feud.

The controversy erupted when Ghazal Alagh, co-founder of Honasa, took to LinkedIn to criticise the FMCG sector’s lack of competitive drive, suggesting that legacy brands like HUL have grown complacent. Her comments were seen as a direct jab at Lakmé’s campaign, which challenges the SPF claims of newer sunscreen brands dominating online markets. “The industry needs fresh competition to shake things up,” Alagh wrote, igniting a public spat.

Lakmé’s campaign asserts that some top-selling sunscreens falsely claim in vivo testing—a method involving live organisms like humans or animals—while delivering subpar protection. In a social media statement, Lakmé doubled down, saying, “Certain online bestsellers advertise SPF 50, but their in-market samples test closer to SPF 20.”

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Sensex and Nifty jump nearly 2% as US suspends additional 26% tariffs on India until July 9

Foreign Institutional Investors (FIIs) had sold equities worth ₹4,358.02 crore on Wednesday, signaling caution, but Friday’s momentum suggested a shift in sentiment.

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Indian stock markets staged a robust rally on Friday, with the BSE Sensex skyrocketing 1,310.11 points, a 1.77% gain, to close at 75,157.26. The NSE Nifty followed suit, climbing 429.40 points or 1.92% to settle at 22,828.55, breaching the 22,900 mark during intra-day trading. The surge came on the heels of a White House announcement suspending additional tariffs on India for 90 days until July 9, offering a reprieve amid global trade tensions.

The US decision, detailed in recent executive orders, pauses levies that President Donald Trump had imposed on April 2, targeting India and roughly 60 other nations. Those duties threatened Indian exports ranging from steel to shrimp, raising concerns about competitiveness in the US, the world’s largest economy. The temporary suspension sparked optimism among Indian investors, propelling gains across major sectors.

Leading the charge among Sensex constituents were heavyweights like Tata Steel, Reliance Industries, Power Grid, NTPC, Kotak Mahindra Bank, and Adani Ports. However, not all stocks joined the rally—Asian Paints and Tata Consultancy Services lagged behind, unable to capitalize on the upbeat mood.

Vinod Nair, Head of Research at Geojit Investments Limited, attributed the market’s buoyancy to the tariff relief. “The unexpected pause on US tariffs provided a much-needed breather amid global uncertainties,” Nair noted. He added that while a major IT firm’s recent results fell short of expectations, its robust order book signaled potential growth in the latter half of FY26.

The Indian markets’ performance stood in stark contrast to global trends, where fears of a US-China tariff war cast a shadow. On Friday, China escalated its trade spat with the US, hiking tariffs on American imports to 125% in response to Washington’s 145% levies on Chinese goods.

Asian markets reflected the unease, with Tokyo’s Nikkei 225 plunging nearly 3% and South Korea’s Kospi slipping, though Shanghai’s SSE Composite and Hong Kong’s Hang Seng bucked the trend with gains. European markets traded lower, while US indices had closed sharply down on Thursday, with the Nasdaq tumbling 4.31%, the S&P 500 falling 3.46%, and the Dow Jones shedding 2.50%.

Back home, the rally followed a lackluster Wednesday, when the Sensex dipped 379.93 points to 73,847.15 and the Nifty fell 136.70 points to 22,399.15. Thursday’s market holiday for Shri Mahavir Jayanti gave investors a pause before Friday’s surge. Foreign Institutional Investors (FIIs) had sold equities worth ₹4,358.02 crore on Wednesday, signaling caution, but Friday’s momentum suggested a shift in sentiment.

Elsewhere, global oil prices edged up, with Brent crude rising 0.32% to $63.53 a barrel, reflecting ongoing volatility in commodity markets.

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