How high can SPS go?

avatar

image.png

In a predictable sequence, the price of SPS token has been rising to the occasion. This is something I had predicted in this post and talked about a long time before the countdown to the sale of validator licenses even came into the conversation.

At the time of writing, SPS token is trading at 11 cents and odds are in favour of even more push. I'm trying not to get ahead of myself due to my optimism about Splinterlands as a whole but this is looking very promising.

image.png

It is fascinating how enthusiasm tends to run through the entire Splinterlands ecosystem. It is almost as if the entire ecosystem reacts to any positive move and then moves along with the news.

For example, while the sale of validator licenses does not even have any direct implication on the NFT monster market, card values have been pumping. This is particularly the case with Untamed, Beta and other monsters from the older editions.

In this first round of sales or the presale, as it is officially called, vouchers will be part of the deal. This has translated to vouchers experiencing its own pump for good measure.

How high?

Predicting how high SPS can go during the sale of validator licenses might be a difficult task for me due to a mix of optimis and personal conviction about the game that clouds my judgement.

My prediction will offer a result that's conflicted because I doubt it will be in touch with reality. However, I'll apply some pragmatism in my approach.

At the time of writing, there are only a couple of hours until the start of the sales. Looking at the pace at which SPS has risen up to this point, initially starting at around 8 cents and now settling at 11 cents, I don't think there'll be any monumental jump coming soon.

I think a pragmatic range will be somewhere in the region of 15-20 cents. This prediction is based on the pace at which SPS has pumped in the past days that coincides with the countdown being added to the Splinterlands shop.

Ambitious SPS

Note that there will be 2000 validators available in this round of sale that involves SPS and vouchers combined. In subsequent sales, the validator licenses will become more expensive and require more SPS tokens.

My prediction is solely for this first round of validator license sales. Considering the price of each validator, I don't think there will be a rush like we see in packs. However, I believe that we'll a decent number will be scooped off the market in this round of sale.

The sale is designed to spur investors to buy validator licenses at their earliest convenience. So while there won't be a rush because most people can't afford it, the first round of presale will move pretty fast.

Investors will want to get it sorted out as early as possible because each subsequent round leads to an increase in the amount of SPS tokens you have to spend. Without considering the discount rate, Tranche 1 to Tranche 7 will require about $959 million of SPS tokens to be completely bought out.

The total market cap of SPS tokens is about $90m today, so that means assuming a mad rush for validators were to happen, we'd have to 10-12X from here to buy up all the licenses.

I think it is highly unlikely we'll see SPS running up that fast now because of the general state of the crypto market. Bitcoin has hovered in the $30K range for a while and investor morale is quite low these days.

In any case, SPS is shaping up to be a very ambitious token and if all goes well, it will be pretty huge in the coming years. This token could turn out to be a monster of an asset that brings more value to investors in the Splinterlands ecosystem.

Posted Using LeoFinance Beta



0
0
0.000
26 comments
avatar

Glad i got me some 2 weeks ago 🥷🏿

0
0
0.000
avatar

I haven't really paid attention to SPS because I don't play the game. But reading the upgrades and other stuff about it made me believe it is not something to be ignored.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I think I should have never played it either. It's very addicting :)

Posted Using LeoFinance Beta

0
0
0.000
avatar

It's a good addiction though :) Last year, I read someone made hundreds of thousands of dollars from it especially with the airdrop. But for some reason, I didn't get to check it out and play it.

Posted using LeoFinance Mobile

0
0
0.000
avatar

I've also read that early entrants make significant gains. But unfortunately, it doesn't have a lot of income right now, but it is a very exciting game.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Let's hope for such a growth rate in the value of the coin. I'd like to hear speculation about the value of other coins as well, in light of the possibility of new lands. How much can SPT coins jump in price? What do you think about this?

Posted Using LeoFinance Beta

0
0
0.000
avatar

This thing was about $.6 a few months ago if I remember correctly.

Posted using LeoFinance Mobile

0
0
0.000
avatar

Yes. That's accurate.

It's now holding up at around 11cent.

I'm positive we can see it hit the 0.6 range as time goes on.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yup. That was when the supply was very small, at the start of the airdrop. It will get to that level and even beyond that, in the near future though. Do you hold some?

Posted Using LeoFinance Beta

0
0
0.000
avatar

I believe with all that's going on in the crypto market, Sps is still holding up quite well and holds a key to great fortune in the future.

Splinterland is a game changer in the NFT gaming space and the huge number we had last year is just a tip of the iceberg.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I think SPS can move up to $5 in the future, but I don't think it will go up much right now. But I think it may start to appreciate after July.

Posted Using LeoFinance Beta

0
0
0.000
avatar

$5 would be really awesome tbh. I hope I have like 100K SPS by that time.

Posted Using LeoFinance Beta

0
0
0.000
avatar

The total suply of SPS is 3.000.000.000 tokens, with that price SPS would have a marketcap of 15.000.000.000$ and would be in the top 10 in crypto. I think this is a very optimistic price...

Posted Using LeoFinance Beta

0
0
0.000
avatar

I also wrote a comparison post between SPS and Bitcoin recently and SPS is the clear winner. If SPS goes to 29 cents, it is a 100% gain!! Which will be great!! I actually sold some XRP in order to buy extra SPS!!

Posted Using LeoFinance Beta

0
0
0.000
avatar

Very nice. Are you staking your SPS or keeping it liquid?

Posted Using LeoFinance Beta

0
0
0.000
avatar

I am staking.
(At a time I took half and invested in stocks, but I have stopped doing it)
!LOLZ

Posted Using LeoFinance Beta

0
0
0.000
avatar

Oh well, it's still nice to always keep your investment portfolio diversified.

Posted Using LeoFinance Beta

0
0
0.000
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000