Is SPS recovering sustainably?
Cyclical low behind us?
Since the All Time Low of 1.2 Cents we saw in October, the SPS token recovered quite a bit. We are up about +60% since then and are trading at almost 2 Cents.
Question is: Have we seen the cyclical low finally? It could well be but we have a long way to go if we want to reach the old ATHs at around 80-90 Cents. Am not sure if we even saw 1$ back in 2021.
Fact is: The market cap of SPS is nowadays tiny and a bit of demand could lead to big upside. All SPS are worth only 22 million dollar currently, which is #664 of the Top crypto list.
My position is small, less than 10k token but I am still holding it in my Splinterlands account. Am sure it will recover further. Not sure though how far.
Do you believe in a Comeback of SPS? Would you stack on current price levels?
Rebellion sales are better than expected. I think if the game survives until the next large bull market, SPS could also benefit from it.
How far do you personally think SPS could go then? 20 Cents, 50 Cents or even a new ATH?
marketcap of sps is so low at the moment that everything is possible, even $1 per SPS, if splinterlands reached unicorn status like axie infinity or decentraland for example.
Would be great. It’s a good game that deserves a comeback.
Land Launch is tomorrow, apparently
Will probably boost the price further. 👍🏻
It‘ll be a delayed impact, but yes.
Should we say that the rebellion sales also has an influence in this price?
Maybe 🤔
Let's see but one of the prayers we will be making is there wouldn't be massive selling pressure
Just like we have seen it's burning has been started and new events are coming up for the land game, we will see its price increase more.