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