Is the Splintertalk Token Going down to Zero?
Splintertalk Token with ticker symbol (SPT) is a hive-engine token that powers the Splintertalk interface which is specifically for Splinterlands related contents. Hive posts shared on splintertalk interfacw would earn Hive rewards plus $SPT rewards. Content creators can also use the #splinterlands, #splintertalk or #spt tags.
Contents that can earn SPT could be Splinterlands game play experience, challenges, development in Splinterlands game, Splinterlands assets performances, suggestions and improvements, etc.
In the Hive-engine market, only $2.7744748 worth of SPT has been traded in the last 24 hours, with an Ask price $0.0001255 and a bid price $0.0001251. Remember there was a time when SPT was worth $0.01. The present price requires a 8x price action to get back to 1 Cent.
Understood that the crypto market is in deep long bear and the Splinterlands economy as a whole had been affected. However, some Hive engine tokens have thrived over the past months. Seeing SPT at the lows of $0.0001251. with almost no buying volume looks like its going to oblivion. However, it's a good time to buy some good chunk for less than a value and get ready for a possible recovery in the future.
But what do you think is the cause of the dipping around the SPT market?
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If @splinterlands created some kind of gaming use case for holding $SPT then the price would likely go up, but as it now stands it's only real use case is as a curation Token so selling pressure it quite heavy.
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Are there hopes that a game usecase could be created for SPT? The team is really silent about SPT.