MetaMask is an Ethereum – based cryptocurrency wallet (just like MEW).
It’s a browser extension that connects users to the Ethereum blockchain directly.
It also lets you connect Ethereum DeFi apps to the Ronin network.
4. Trust Wallet
Trust wallet is a non-custodial multi-crypto mobile wallet.
It has an in-built DEX and a Web 3 browser that allows users to interact with different blockchain’s Dapps.
Also, this wallet has a user interface that is simple to use. It supports staking and is also open-source.
This is a non-custodial multi-crypto.
It has different packages including, a Mobile app, Web wallet, Browser extension, and Hardware wallet.
The fact that this wallet supports over 30 distinct blockchains is noteworthy.
Also, using the MathWallet, you can connect to different blockchain’s DApps.
Let’s look at how these tokens are performing and whether they are worth it.
6. Are These Tokens A Good Investment?
To discuss this, we will start with their price analysis first.
SLP Price Analysis
SLP was among the cryptocurrencies that fared very well at the start of 2021.
It climbed from $0.01928 on December 21, 2020, to an all-time high of 0.4191 on May 1, 2021.
However, not too long after attaining its ATH, the coin fell back to a support level of $0.08243 owing to the crypto market crash of May 2021.
On July 13, 2021, the coin bounced back hitting a price of $0.3463, before plummeting to its current price of $0.07551.
SLP’s support and resistance levels are roughly $0.08 and $0.4, respectively, according to the price chart, November 23, 2021.
According to price predictions, the coin is expected to hit the following maximum price level by 2022.
AXS Price Analysis
AXS took the cryptocurrency space by storm in 2021.
It continued to rally tremendously, despite the May 2021 crypto market meltdown.
Impressively, it has increased by over 1000% from its initial price value of $0.5332 on Dec. 31, 2020, to its ATH of $165.37 on Nov. 6, 2021.
Based on experts price predictions, AXS will increase as follows by the end of 2022:
Now, coming to whether they are good investments or not, you will find my opinion below.
AXS has given a ROI of 134284.77% to investors. Even the early holders of SLP have gotten a pretty share of profit too.
Given the low marketcaps of SLP and AXS, which are $195,942,056 and $8,219,870,530, respectively, the coins have room for more growth.
They both have impressive tokenomics:
SLPs are burned each time Axies are bred, this offsets the coin's supply and controls the price as well.
Again, all minted SLPs are in circulation; there was no presale, instead, it was allocated at random to Axie Infinity users.
As a result, it is a fully decentralized token with a low risk of price manipulation.
Similarly, AXS has a long vesting period, which protects it from price manipulation, which can be caused by whales selling in large quantities.
Based on what I’ve outlined above, I believe these coins are worth adding to your portfolio.
Moreover, Axie Infinity is one of Ethereum’s most popular games, with millions of dollars in its community treasury.
This gives SLP and AXS an edge over most cryptos in the market today.
Also, I believe both tokens will witness a significant increase in price if the Axie Infinity game gains mainstream adoption.
In Summary: Endeavour to DYOR before investing!
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