SLP to PHP Exchange Rate Explained
The current exchange rate for converting 1 Smooth Love Potion (SLP) to Philippine Peso (PHP) is approximately ₱0.0704. This value is based on real-time market data and reflects the dynamic nature of cryptocurrency valuations.
To put it simply, if you exchange one SLP token, you would receive about seven centavos in Philippine currency. The conversion rate used here is determined by the international currency exchange standard, which in this instance is set at 14.207343. This means that one Philippine Peso can be exchanged for roughly 14.21 SLP tokens.
👉 Check the latest SLP exchange rates here
Historical Performance of SLP to PHP
Tracking the historical value of SLP against the Philippine Peso helps investors understand market trends and potential future movements. Here’s a breakdown of recent changes.
Weekly Exchange Rate Fluctuations
Over a seven-day period, the exchange rate for 1 SLP to PHP showed noticeable variability. These fluctuations are common in the cryptocurrency market due to factors like trading volume, market sentiment, and broader economic indicators.
- June 25, 2025 (Wednesday): ₱0.07132, a decrease of 1.321%
- June 26, 2025 (Thursday): ₱0.06973, an increase of 0.929%
- June 27, 2025 (Friday): ₱0.06878, an increase of 2.277%
- June 28, 2025 (Saturday): ₱0.06915, an increase of 1.755%
- June 29, 2025 (Sunday): ₱0.07066, a decrease of 0.382%
- June 30, 2025 (Monday): ₱0.07135, a decrease of 1.370%
Monthly and Yearly Trends
Looking at a broader timeline provides a clearer picture of SLP’s performance against the PHP.
May 2025 Summary:
The average exchange rate for the month was ₱0.08525 per SLP. This represents a significant decrease of 21.118% from the rate observed in the previous period, indicating a downward trend for the token during that time.
2023 Annual Summary:
In 2023, the rate was substantially higher at ₱0.14377 per SLP. The change observed by the current period shows a decrease of over 104%, highlighting the high volatility and long-term price correction that can occur with crypto assets.
Factors Influencing the SLP to PHP Exchange Rate
The value of Smooth Love Potion, like other digital currencies, is influenced by a combination of speculative trading, in-game utility, and overall market conditions. Its connection to the Axie Infinity game ecosystem means that changes in the game’s popularity or economy can directly impact SLP demand.
Broader cryptocurrency market trends also play a crucial role. When major cryptocurrencies like Bitcoin or Ethereum experience price shifts, altcoins like SLP often follow suit. Additionally, regulatory news and technological developments within the blockchain space can cause sudden and sharp price movements.
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Frequently Asked Questions
How often does the SLP to PHP exchange rate update?
Cryptocurrency exchange rates update continuously, 24/7, as they are based on live trading activity across global markets. The value can change multiple times per minute during periods of high volatility.
What is the best way to convert SLP to PHP?
The most efficient method is to use a reputable cryptocurrency exchange that supports both SLP and PHP trading pairs. These platforms provide real-time conversion rates and facilitate secure transactions between digital and fiat currencies.
Is Smooth Love Potion a good investment?
Like all cryptocurrencies, SLP carries investment risk. Its value is tied to the Axie Infinity game's ecosystem. Potential investors should research recent market trends, understand the project's utility, and assess their own risk tolerance before investing.
Why does the SLP price fluctuate so much?
SLP’s price is highly volatile due to factors like changes in game mechanics, player adoption rates, overall crypto market sentiment, and speculative trading. This is common for digital assets with lower market capitalization.
Can I use SLP outside of its native game?
While SLP is primarily earned and used within the Axie Infinity universe, it is a tradable token on various cryptocurrency exchanges. This means it can be converted into other cryptocurrencies or fiat currencies like the Philippine Peso.
How accurate are historical exchange rate summaries?
Historical summaries are based on aggregated market data from trading platforms. They provide a accurate record of past performance, which can be useful for analysis, but are not a guarantee of future rates.