SPS not to be judge based on its current price value

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As of today we have 69 days left for the year long SPS airdrop to come to an end, at current price of SPS $0.087 my in-game SPS is valued at $383.21 excluding the few hundreds I have on Hive Engine and Diesel pool. Get SPS back to $0.5 and above and we will be looking at some good amount of money that is dropped to us for free just by owing Splinterlands assets that makes one eligible for the airdrop.

Splinterlands price, SPS chart, and market cap _ CoinGecko  Brave 5_19_2022 5_45_37 PM.png

A glace at the SPS chart wouldn't encourage anyone having a first time encounter with the token, it has been a consistent downward trend to where it is now haven peaked at $1.07 ten months ago. Reasons to the drop could be linked to selling of the token as it is being dropped freely not once of but a year long.
Another contributing factor could be the state of the crypto market which haven't been at its bullish best for quite some time now.

A look at Axie Infinity tells a similar story as its token AXS currently trades at $21.73 a -86.8% drop from its ATH $164.90. It is more of a general state of things if looked deeply across the cryptospher, I wouldn't write off SPS of based on $0.08 which it currently trades.

A lot of promising development are in the works as we saw pSPS pool went live yesterday on Polygon, at the time of writing the the PSPS-POLYCUB liquidity currently seats at $37,285 which is a lot in just about 24 hours with a juicy 93.76% APR at present while the in-game staking earns you 58.06% APR, here we are seeing options for SPS arise.

SPS validator node license is one to look at as it could also impact the price of SPS positively. The uses cases to SPS aside just being a governance token, reflects a positive outlook on the token going forward. I have always been bullish on SPS but now more bullish as end of the airdrop nears with lots of developments kicking in.

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26 comments
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I think there was a hack with axie infinity right? I'm not so sure. Mehn what's coming to splinterlands had made the game very competitive.

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I am uncertain about Axie Hack, I think I heard something along that line a while back, I took interest at how the AXS is doing and saw it is just a similar case with SPS.
I really see SPS doing well bro.

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I still think SPS needs more use cases outside of the validator node sales because it's temporary. It does have potential but it depends on the Splinterlands team to put that into action.

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Having it spread onto DeFi platforms is a positive for it, until yesterday we don't have other use case it other than in-game staking, and purchase of Splinterlands assets, liquidity on Diesel pool, getting it onto Polygon and later onto BSC with Splinterlands's DeFi all of these should be bleeding into positive price impact for SPS.

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The user case for Sps is not enough and that’s why the price keep dipping, we have so many people that believe in Sps that’s why more than half of it circulation is still staked. My goal for Sps is long term anyway

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Lets see how it will perform after the airdrop and nodes setup with its availability on different liquidity pools

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Thanks for sharing, and I wish you a happy day.
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