BTC, Hive & SPS: Outlook & Predictions
I can't remember how much BTC was in December 2022, but all I remember was people predicting 8 or 5k by January 2023. So 2022 December was the peak of the bear market, and this was when the "Is BTC dead" tagline was in almost in every blog post you'd read and all headlines on Twitter and other private blogs. A bloke I remembered predicted 5 5-cent hive last December, and what do you know?
You can actually forgive people for buying into the FUD, the only surprising thing is that crypto habitually dies every bear market, and most of the time, the depth of the dip makes it even more difficult to see any form of recovery.
In a nutshell, I feel that the market is particularly poised and after exactly 12 months when the crypto populace felt it was finally over, here we are again, predicting crazy figures 12 months after believing that crypto was indeed dead. One thing I refrained from doing back then was predicting, it was mainly bad for mental health and it Makes you lose focus or plans on what you aim to achieve. So here again, I think it's official that BTC will close the year in 42k.
Who would have thought that?
I expected 38 to 40k to be a great finish, but this is a testament to the fact that BTC will inevitably double its previous ATH which will be around 138 to $139k by the peak of the bull market. In fact, BTC might do one better by doing 140 to $145k, but I don't see it going above 150k except something extraordinary happens.
However, for the end of 2024 we might likely see 70 to 100k and a peak of 145 or 150k 5 or 6 months later, and inasmuch as there are going to be factors that might deter or improve these predictions, I think the factors will still be within the range of these figures.
SPS
I like to look at SPS, very interestingly we've seen the Splinterlands team burning chunks of SPS and in a month or more the price has tripled, it's a welcome development and we may just be poised to see the price of SPS x10 in the bull market. However, one exciting thing to note is that SPS at this price will still not hit 50 cents even if it x10'ed with this current price. It's not impossible to see SPS x25 or 30 from this current price.
In the previous bull market SPS easily went up to 1$ however, I don't think we will see an escalation beyond $1 for SPS in the peak of the bull market, and this is because I feel that SPS still needs more sophisticated tokenomics to eventually do better in the bull market. However, if SPS manages to match its previous ATH, then I must say it's been a successful outing, but I doubt it will, an expectation for me will be within the 50 to 70 cent range which won't still be bad if you ask me.
However, SPS is not the only asset on Splinterlands, there are assets like SPT, DEC, and others so there might be huge or better success with the other assets.
As for Hive, doubling the previous ATH is going to be a success, however anything above $6 is already a success, and anything below that, then not so much. For me, the max will be $7 as we might not see beyond this. However, a lot of factors also need to come into play. How well the market rallies and the movement of the alts as well as Hive's own tokenomics. This these predictions with a pinch of salt, and do your evaluations properly.
It's not been a good year for me, infact it's been the worst ever, after serious multiple diagnosis and health complications, I've been agitated and filled with pain and anxiety, but, I guess it's life, and it's what it is.
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Some great predictions. I think you are right and SPS has the most potential. The game is becoming more attractive with a higher SPS price and will attract new and old players back to Splinterlands.
Thank you, yeah, I believe making these predictions can be fun, but doing them also helps others to envisage what the future might be for them. As for SPS, exciting new potential if you ask me. Those who are currently investing on splinterlands assets are probably going to be very rich in the peak of the bull run
Splinterlands has certainly been a great investment, great game to play and earning element too. 😀
That's true. I remembered the peak of the last run, some players became millionaires in dollars.
Your are right
I'm really sure about Hive but I doubt BTC flying like that because lot of people are now into chart observations unlike blind purchase.
Market structure plays the role. Let's watch out
Well, it's a pattern, 69k almost tripped the 2017 20k ATH. so yeah, these predictions are by pattern
Thanks for always shaping our mind with your bright ideas. Don't worry you health we get better.
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Thank you...
Thanks for the prediction sir, i can remember last year i wish i could have more to invest.
I wish you know how happy I will be if Hive gets to $6. Even with the little Hive I have in my wallet, I’d feel on top of the world😂
Well, it's all hypothetical until it becomes the real deal.
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I'm looking forward to Hive doubling its ATH and reaching $6. I think that's a likely possibility based on all the developments that are happening.
Happy New Year to you, I wish 2024 to be much better for you, especially in terms of healing and recovery. Better times are ahead :)
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I think both tokens are good but I am a bit worried about Splinterlands though. The fights have gotten a lot harder and the prices are still quite expensive. At the same time, I honestly don't know if having so many different assets is a good thing. It makes Splinterlands kind of complicated and it can get quite confusing.