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Primarily, the SEC issue is responsible for many coins' downfall and yes splinterlands assets are not different and this market is hurting every single project which is built in crypto space. It is going all the way down because all the other altcoins are bleeding including the hive. I am not expected that Hive will go below $0.3 but it happened. Fundamentals work like magic in the crypto field and that is why most of the crypto experts prefer fundamental analysis first.

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According to them, the Cryptocurrency market is still small so technical analysis not going to work perfectly as it works in the stock market and forex market. Somewhere, it is true because everyone has their opinion and we have to listen to what our minds say but before that, proper research is very important. Keep yourself diversified and give importance to both fundamentals and technical. Because I believe both are important.

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Never Expected to see sps below $0.02

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Last time when the bitcoin price hit the bottom, altcoins not fallen down like this but today's situation is different. Short advice is you can just wait for a better time. In the previous market fall, SPS was at a higher price than the current price. I have also accumulated almost 66k sps tokens on the $0.022 price And now I am feeling regret because I am seeing the new bottom.

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Every crypto investor has faced this situation because "buying the dip" is not an easy task. I thought that SPS will not break the 0.02 level and that is why I bought the sps tokens and now the price is around $0.016. But still, I am feeling good because at least I am not at a loss in the splinterlands game. I am earning well from the SPS staking and soon I will recover this price gap.

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Upcoming Positive Update For The SPS Price

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Collectin power (cp) will be replaced with the SPS staking and that is going to bring more demand for SPS. Now it is recommended to stake sps token for every single Splinterlands user who wants to play the game and that is why the price will go up after the update will launch. In my case, 100k sps is not enough for me so I will accumulate and add more sps tokens or plan to rent sps tokens if the renting feature will available.

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Another Side, DEC burning is going on so there is a chance that DEC will hit the peg price and this is going to be a positive for the sps as well. Because sps will be burned when the DEC hit the peg and this is a great way to burn sps and earn more profit. So now it is most important that DEC hit the peg price.

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How The Bitcoin Price Will impact?

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This way or that way bitcoin market is going to impact every single cryptocurrency because every asset is not completely independent. When the Bitcoin will fall then Hive falls which is not good for the Splinterlands assets price as well. Now the big game planned to accumulate more bitcoin by the whales and retail investors like us are going to suffer.

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Things will improve near the bitcoin halving and at least we can see a healthy uptrend. We can't expect bull season after the bitcoin halving because this is the cryptocurrency market cycle that you have to remember. According to the cryptocurrency market cycle, There is 25% more pain is remaining and we have endured almost 75% pain. You are holding till now then you are the dheet hodler and you understand the cryptocurrency well. There are many new players who are now out of the market.

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I believe we will see a good time soon and till then accumulating more and holding splinterlands assets is the best idea, though this is not financial advice so do your own research as well. What do you think regarding this discussion? Let me know in the comment section and also Thank you for being here share this post with #splinterlands and #play2earn tags on Twitter and threads.

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Lucky Ali

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		Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥

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