Splinterlands - SPS Price Spike on the Horizen

The Splinterlands game has a change coming down the pike that has the potential to spike the price of SPS. This is just my opinion and not financial advice but you had better check it out if you are a player or an investor.

SPS Price Spike Cover.png

Potential SPS Price Spike

Currently the price of SPS is $0.02100 way below it's ATH.

SPS price.PNG

The last trades that have taken place have been mostly buys vs sell. This would indicate that most players/investors are wanting to add to their holding of the SPS Token.

More buys than sells.PNG

The open sell orders on the market are very light compare to the open buy orders. Due to what is on the horizon for the tokenomics of the Splinterlands game, I agree that now is the time to add to your holdings or hold what you have to wait and see where the market heads.

Right now Crypto in general is in a Bear market but most of the signs point to accumulation prior to a big price move.

light on sales orders.PNG

New Use Case for SPS

On top of all crypto being in a bear market, a new use case has been added for the SPS token. Your Rating and Power determine the league in which you have ranked matches. The higher the League, the higher your potential earnings for each match you win.

The Power will be replaced with the amount of Staked and delegated SPS you have in your account. This change is in the works and should be made within the near future based on comments that were shared at the latest Town Hall.

Normally when a new use case is added for a crypto, there is an increased demand for it.

Modern League tiers.PNG

Staking Levels by Tier

The Tiers and the ranting per tier are not changing. The change is related to moving from the Collection Power of the cards you own to Staked SPS.

Some players are stating the new SPS is a requirement will make the game too expensive to play while others are looking at it as an opportunity for their current holdings to jump in value.

However my understanding is that the quantity of Staked SPS is reflected of the amount needed to earn the maximum for that League. So if you have some SPS staked, you will still earn but just not at the maximum level.

LeagueMin RatingStaked SPS
Bronze III1000.00
Bronze II40040.26
Bronze I700455.51
Silver III1,0001,882.84
Silver II1,3005,153.46
Silver I1,60011,253.40
Gold III1,90021,301.89
Gold II2,20036,536.92
Gold I2,50058,304.72
Diamond III2,80088,051.66
Diamond II3,100127,317.70
Diamond I3,400177,731.00
Champion III3,700241,003.39
Champion II4,000318,926.44
Champion I4,300413,368.05

Waiting or Surrender

So will you be adding to your holding of SPS while the price is still low or will you be just waiting it out to see what happens next?

The other option is just to Surrender and give up now, sell everything and don't care which direction the price may take because you don't like the direction the owners of the game are taking.

Have you been waiting..PNG


If you would like to start playing, here is the referral link:
https://splinterlands.com?ref=darmstrong

Posted using Splintertalk



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