Is SPS Price Locked In Already? 72 hours...

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Is SPS Price Lock In Already? 72 hours left

Yep, I'm going to be talking about this a lot for a number of reasons. For one it greatly supports the Hive eco system and is introducing thousands of people to hive every day that could possibly start blogging themselves for Hive and SPT tokens, playing other games on the Hive blockchain, Buying hive to pay for packs and so many other options. What's awesome is it has a majority to do with Hives exposure and a way to not only attract users but investors and developers. Money talks and Splinterlands is providing a lot of value right now.

The question on everyone's mine

Is the value of the SPS token locked in already?

*This article is of my own opinions and are not investment advice. Do your own research before investing and understand the risks.

With that disclaimer done above let's jump into it on why I feel the price is NOT factored in already.

Just three short weeks ago SPS tokens where going for nearly $0.25 each. Fast forward to today and we are holding $0.80 and on occasion touching $0.90. Speculation puts it at $1 but I have a feeling we could hit $2 at the peak of things.

The reason why I support these price moves are from watching things that have happened in the past with game releases. A number of games whitelist users and a $15 pack can easily go for near $100+ on wax itself and Splinterlands is right up there on the list of popular games on wax as well as hive. This gives packs even more exposure and value across the entire crypto ecosystem.

Things From Past Launches

Watching past launches you can start to get a feel for how this one will go. Right now there's not much news and hype about vouchers and SPS token. While those involved with the game and make good effort to keep up with it and understand it see the value they are the ones holding the SPS token and stocking up.

What we most likely will see is packs start hitting the markets in the first day and that's going to spark interest, people not understanding and that's going to start to skyrocket the price of both vouchers and packs. This should also spark some interest in the SPS token as a way for them to get vouchers as well putting further pressure on the SPS token upwards. What makes the SPS unique however is it's staked and when staked takes 4 weeks to unstake them. That means we most likely will see a drastic increase in SPS being staked which is going to drive down liquid SPS as people start staking it. This is why I believe the first week maybe the second will be the highest SPS value.

What I know for sure is this next 7-14 days are going to be VERY interesting in Splinterlands

Posted Using LeoFinance Beta



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14 comments
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Thank you for sharing your opinion and your notes about the @Splinterlands
It’s a matter of time some of those users to come and show some interest in Hive as well.

I’ll take a look at the token myself, but still tokens worth more than $0.5 are kind out of my pocket I can say, or actually I’m not willing to buy much of them when I know and see there may be a better projects/investments at lower prices…

I was also talking about hive-engine investments in a few of my last posts that are linked into my last one here:

https://ecency.com/hive-167922/@iliyan90/preview-of-ecency-points-and

So keep on doing what you doing great job into doing your own research about things!
Namaste 🙏

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Yes, I agree, the price of SPS has only begun to climb. With the way the team talks about using it for all sorts of future products, releases, features, etc. the use cases should only continue to expand. There will certainly be ups and downs but overall this could very easily be a home run. Especially when you consider we're getting it for "free" right now with the airdrop. Crazy.

One question maybe you know the answer to: what happens to the SPS that gets used to purchase the packs? Will the #Splinterlands team sell it back into the market? Possibly add it to the staking rewards? <---very good idea in my mind) Burn it? What? It certainly would be a nice sink and would offer both less and more incentive to use it to purchase packs. Less incentive because you wouldn't want to get rid of it. More because you know it's going to be burned making the rest of your holdings worth more. Just curious if you know....?

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It's been hard to get answers but generally yes that's what I believe will happen the SPS and if they allow for DEC will be resold on the market which is Splinterlands income for running the game. Which makes sense. If it's paid for with credits it wont have any effect on the markets. I'm curious though how many people will be willing to part with their SPS for a little 10% cut. A 10% cut when you can earn 60%+ APR on it seems like you'd want to hold on to it.

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I agree. Although if they're buying 2000, 3000, 4000 packs that's $800-$1600 saved by spending SPS vs dollars. Plus, as I said somewhere else, some of these people who are getting a lot of packs may not have much outside money. They got involved early and built huge decks for relatively little money and now they're worth more than $100k. BUT, that doesn't mean they have 10 grand lying around with which to buy the packs. Plus, they'd have to on-ramp it somewhere which has it's own set of problems.

I think you'll see a fairly large amount bought for SPS. I wonder if we'll be able to see it....and again, what they're going to do with it?

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One question maybe you know the answer to: what happens to the SPS that gets used to purchase the packs? Will the #Splinterlands team sell it back into the market

They will be burnt.

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I agree with pretty much everything you said. I found Splinterlands from the AtomicHub WAX marketplace which lead me to HIVE which lead me here to LeoFinance.

I'm really curious what the vouchers will sell for and I think that will depend on how eager the largest accounts are to sell theirs. Splinterlands players that only have a few hundred SPS staked might only get a couple vouchers a month and will probably want to use them to buy packs. I expect the large accounts to be the primary sellers. If they don't sell then the price could be driven up pretty high.

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I expect the large accounts to be the primary sellers. If they don't sell then the price could be driven up pretty high.

Something similar could also be said about Hive. If a lot of people would not start massive selling at the slightest upward movement, then it could go much above than $1 USD. Although I absolutely understand the various reasons behind the selling. Everyone have their own reasons.

I give you some !PIZZA.

Have a nice day. All the best.

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I have a feel that a pump is just around the corner. Yeah we are gonna have a $2 pump.

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yes 4 week unstake period is genius

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