Will $SPS ever Bounce Back? Is it a good time to buy more $SPS?

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Hey All,

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Without a doubt I am pretty sure that we all who have invested in $SPS which is the governance token of No.1 Blockchain game Splinterlands are very sad to see $SPS trading at its all time low levels. I have invested into the game during the beta sale and since then continue to invest as opportunity strikes. At the moment, I am very tempted to buy a chunk of $SPS 10K+ tokens and stake them all. As of writing this post, here is my bag of 236K+ $SPS earning an APR of above 21%, which I feel is pretty decent. Only the thing is that hurts to see the price of $SPS. This was the price of $SPS almost a Year back and I had only 121K+ $SPS staked and its worth was more than $10K+ dollars and now that I have 236K+ $SPS staked its half the worth when compared to the price of $SPS a year ago.

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SPS Price BACK then & NOW...

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Now the question is will we see the price of $SPS bounce back or not? Or is there a further downfall from here and we could see $0.01 cent coming for $SPS. I hope and pray that we do not land up seeing $SPS further falling and if it does then I can imagine how things could become even more worse for the token. One thing is for sure and that is - we cannot predict the markets. A bull run from here can make things change all of a sudden and we could see a recovery coming that would ultimately lead to the prices of the tokens to rise. But then when is the bull market expected for which no one has a definite answer; its simply unpredictable. This leads us to another question which is then how can things change or fall in favor of $SPS and can we see a bounce back from here...

How can things Change for $SPS

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Leveraging the Proposal system answer to all our questions, that would lead the game and ultimately $SPS to new heights. I know there are many proposals in place and the team is working on many of them which has passed. The one which I am more excited about is the exchange listing on a prestigious DEX like Binance and many others. This should definitely make a big noise if at all this happens and we could also see action in the price of $SPS as well, with many more users/players getting joining the game as well.

Can we get more out of the box proposals here is a big question? I had this idea of a burn mechanism being implemented with every claim being made for the $SPS staked. As the price of $SPS is low and burning 1 $SPS for every staked claim would lead to a couple of thousands $SPS being burnt daily.. can this be a break through or at all this is a viable proposal or not? I don't know to be honest. But the point that I am trying to make here is that one good proposal could do wonders. And if we do it right this is definitely going to bring back the price of $SPS back to where it used to trade and even much higher as we have a very high expectation from $SPS which is the governance token of the game.

With regards to buying $SPS then definitely, I am looking ahead to grab more $SPS. I am not going to let this opportunity go in vein and my target for $SPS is already set to having 500K+ $SPS staked. I may even land withdrawing my $HBD from saving to buy $SPS. As I said earlier we can never predict the markets. A good move in the right direction could change all the dynamics and hence I look forward to buying as much $SPS I can..more on it once I have further increased my stake. As of now, I am getting close to 350+ $SPS daily via the staking and the in game assets rewards which all gets redirected to the staking pool; therefore I already have a compounding effect in place for $SPS already. But what is missing is a big buy order for $SPS to be placed at these low levels..

With all the reasons listed above, I am confident that SPS token is gonna surge in near future. With more token burn mechanics being added and $SPS listing in major crypto exchanges and building more utility around the token we could see a potential comeback for $SPS in near future..And I hope it does as this is gonna bring joy to all who have invested in $SPS heavily..cheers $SPS to moon...:-)

Have your Say on $SPS will it bounce back???

What do you think, are we going to see a bounce back for $SPS or not? Is it going to 1 cent? What is your overall strategy for $SPS. Let me know your views in the comment section below... cheers

#splinterlands #sps #land #investment #nft #game #play2earn #web3

Image Courtesy:: splinterlands,

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Best Regards

sps splinterlands spt ctp neoxian hodl archon goverance hivegames nft
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12 comments
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But then when is the bull market expected for which no one has a definite answer; its simply unpredictable.

It is unpredictable for sure, but when we check the history and cycle we can understand that bitcoin followed a halving cycle. One year remains for bitcoin halving and bitcoin will create a new all-time high one year after the halving. We will see that Splinterlands assets price will increase when the hive price goes up. Nice publication thanks.

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Right there you have a good reply from @luckyali.

You have invested, there is nothing you can do. $SPS is very much likely to decline in price because the bear market is not over. Just keep your head up and wait. 2025 will be a great time when you make a profit you cannot imagine from $SPS as far as it's a good project.

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It is always a good time to buy Splinterlands ecosystem coins and NFTS. I believe that SPS is the most undervalued Splinterlands digital asset. It may be related to the player's mindset. Buying cards to strengthen the card collection is the first priority of players.

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SPS is one of the most undervalued token in splinterlands ecosystem.
I believe that the new mechanism of collection power replacement with staked SPS may give some support to the price. I also has firm believe that the team will come up with more use case for SPS which will further improve the condition.
I always give the example of DEC it was trading very low before SPS airdrop but it sky rocket when the SPS aidrop started.
!ALIVE
!CTP

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the only come back is by burning a lot of it

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I hope $SPS will bounce back and I believe it will do that at some point, but I see it not a priority for the Splinterlands team. It is a pity that the governance token gets so little attention when it should be the main focus for a healthy economy.

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I don't think SPS is the most undervalued token in the Splinterlands ecosystem.
I would say that top three most undervalued tokens in Splinterlands ecosystem are:

  1. GLX - under one cent and less total token supply than SPS. 105% APR and game not even live yet
  2. Vouchers - almost 40% APR in liquidity pool with Hive as a pair.
  3. SPS
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