Shouldn't SPS be going up during this pre-sale?
Trying to wrap my head around some of the price movement that we've been seeing in SPS lately. I mean there's likely something to be said for just how fast the price of SPS did go up leading up to the pre-sale and maybe people are just locking in profits now at this point but with vouchers selling for around $20 each wouldn't you expect that to entice people to buy more SPS?
I wonder if it's the fact that you have to lock up your SPS for at least 4 weeks by staking it that is making people sell some now? I'm not really sure but being only 2-3 days into the pre-sale I thought we'd see prices more along the lines of about $1 per SPS token.
Perhaps it will still get there though, it seems to be hanging in there around 75 cents each right now, floated to the lower 70's but then started to make it's way back up.
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
There are many factors:
daily dip after airdrop
lack of liquidity almost 2/3 of the total sps is staked, and no telling how much in liquidity pools
Small Dip Shaking loose people that want to take profits
yesterday looked to be kinda a bad day in all of the Hive ecosystem, best guess was massive move from hive to other alts/BTC to better secure assets. You know the old saying buy the rumor sell the news kinda thing.
My thought on it is that if you want to go long on Splinterlands and the Hive Engine, take this chance to grab up cheap SPS,DEC, or w/e you like to hold.
There is a panacake swap proposal to buy over 600k sps that looks like it will pass tonight....
https://pancakeswap.finance/voting/proposal/QmQT1eD1YPYRDFLuXVseb3Gf7ZZCHucPo7Uiew1HuYfypM