Spliterlands Market Meter! Where Are We?
State of the Market:
7,953,933 packs sold from Chaos Legion
Rewards cards at .03
Lowest common from the set .03
Lowest rare from the set .12
This is 100% a buyer's market.* I think the SL population reacts a little late on news. How long did we know the waka promotion was coming, yet in my opinion, the SPS spike in price came very late.
We know the additional set, riftwatchers, in which only SPS can be used to purchase it, is coming. Land is about to come out, yet, we have seen it's price fall under 400.00 a plot.
That feeling of the day of release or very close to it, suddenly it hits the folks that they should own some of this. Right at that moment, it's too late though, the market has already moved and it happened that fast.
Impatience is bringing Chaos Legion cards, land, DEC, and SPS prices lower.
The real question you should be asking yourself is there any way in heck that Splinterlands doesn't sell it's Chaos Legion packs out?
Answer: Near Impossible*
How much time it takes, is up to debate of course.
Guys does it make any sense to sell a card from a 4.00 pack for .03 and .12?
I give this information out freely. For real, I could just continue to buy these cards at these prices. Also, how many people were out there in the SPS frenzy period that we're saying to themselves darn wish I had been here earlier. Well, now is your ground floor here again staring you right in the face.
There are two other things that play into market that are not limited to Splinterlands, but apply to cryptocurrency in general.
The purpose of bitcoin is to decentralize the monetary system and provide
an electronic digital currency. A community upholds it and this is why some people will never sell some of their bitcoin no matter what the price. It is that valuable to them. The near opposite of purpose/community is bitcoin is just something to speculate on and sell.
It's because of the blockchain, hive, and technology community mindset that the owner of
Splinterlands says things like "One of the biggest things going for this game is it's a blockchain game."
You'll read things on the Splinterlands website such as "Splinterlands is not an investment, it's a lifestyle."
Speculation also faces off against actual development. It is here that we must consider how far something is developed, it's potential to develop, and how long it will take to develop.
The 2018 cryptocurrency crash was a massive price correction because price was so far ahead of the actual understanding of bitcoin and real community(agreed value)
There also wasn't enough development to support it's price
I've noticed Splinterlands has done a ton of new hiring supporting development, it has it's own mobile app, a highly anticipated land release is coming in quarter 2, work on SPS validators, and SPS staking on players is on the way.
Your State of the Market is Now Complete
Want to pick up some cards now in this buyer's market? Why not grab the maximum discount in the industry while you're at it Cardauctionz
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Video Walk Through of Savings on Splinterlands Card Purchases
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*This is not financial advice
I am not a financial advisor
SPS is far cheaper now than the month I entered. I am now speculating that three months more, the current bargain price will be a thing of the past.
I think it will go up too!
🙂
!PIZZA
Hmmm... all SPS projects are a bit delayed. I think it might still drop for 1 or 2 months due to the SPS airdrop and still no utility.
By July, I speculate that it will start to pick up in anticipation of the release of Riftwatchers. So yes, I don't expect it to bounce until that time. The delay of the projects and if SPS will continue to drop in the next two months, will be good for those who see this game long-term, but I won't wait for the floor price. I agree with the OP that we are now in a buyer's market. Once my fund is available, I intend to triple my holdings, but of course, my long-term goal is to make it 10x. As for utility, the updated SPS 2022 Roadmap released 3 months ago has already enumerated six use cases for the token.
hmph thanks for putting some stuff out there for us!
!PIZZA
Ok thanks for tossing some comments to get us thinking! ty
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I don't think card value will go up far as long as CL packs are still >4 dollar.
Isn't there a mini set already in the making? I though a 3mil pack volume. Bet they will sell out before CL. :p
There simply is no money. The incoming amount of people buying stuff is just not increasing at the moment.
2th sale of waka is also proof people are not buying.
Don't get me wrong. you mightbe absolutely right, if splinterlands get hyped, this was the dip, i'm also buying, but i have no proof things will improve.
(Unless they list SPS on Binance or something)
sps on binance would be awesome! we'll see
I don't think card value will go up far as long as CL packs are still >4 dollar.
Isn't there a mini set already in the making? I though a 3mil pack volume. Bet they will sell out before CL. :p
There simply is no money. The incoming amount of people buying stuff is just not increasing at the moment.
2th sale of waka is also proof people are not buying.
Don't get me wrong. you mightbe absolutely right, if splinterlands get hyped, this was the dip, i'm also buying, but i have no proof things will improve.
(Unless they list SPS on Binance or something)
I don't think card value will go up far as long as CL packs are still >4 dollar.
Isn't there a mini set already in the making? I though a 3mil pack volume. Bet they will sell out before CL. :p
There simply is no money. The incoming amount of people buying stuff is just not increasing at the moment.
2th sale of waka is also proof people are not buying.
Don't get me wrong. you mightbe absolutely right, if splinterlands get hyped, this was the dip, i'm also buying, but i have no proof things will improve.
(Unless they list SPS on Binance or something)
I don't think card value will go up far as long as CL packs are still >4 dollar.
Isn't there a mini set already in the making? I though a 3mil pack volume. Bet they will sell out before CL. :p
There simply is no money. The incoming amount of people buying stuff is just not increasing at the moment.
2th sale of waka is also proof people are not buying.
Don't get me wrong. you mightbe absolutely right, if splinterlands get hyped, this was the dip, i'm also buying, but i have no proof things will improve.
(Unless they list SPS on Binance or something)
I don't think card value will go up far as long as CL packs are still >4 dollar.
Isn't there a mini set already in the making? I though a 3mil pack volume. Bet they will sell out before CL. :p
There simply is no money. The incoming amount of people buying stuff is just not increasing at the moment.
2th sale of waka is also proof people are not buying.
Don't get me wrong. you mightbe absolutely right, if splinterlands get hyped, this was the dip, i'm also buying, but i have no proof things will improve.
(Unless they list SPS on Binance or something)
I don't think card value will go up far as long as CL packs are still >4 dollar.
Isn't there a mini set already in the making? I though a 3mil pack volume. Bet they will sell out before CL. :p
There simply is no money. The incoming amount of people buying stuff is just not increasing at the moment.
2th sale of waka is also proof people are not buying.
Don't get me wrong. you mightbe absolutely right, if splinterlands get hyped, this was the dip, i'm also buying, but i have no proof things will improve.
(Unless they list SPS on Binance or something)
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I'm heavily invested and very bullish