Splintershards SPS Market Report - How High Will It Go?

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SPS Hits $0.50 USD Each!

Today, SPS hit parity with HIVE again for the first time in over a month. With HIVE trading down lately, that means SPS is trading for about $0.50 USD each.

As I mentioned in a previous post, I expect the demand for Splintershards tokens (SPS) to soar heading into the Chaos Legion pre-sale that will begin in October. The reasons are multiple:

  1. Staked SPS is required to receive VOUCHER tokens which will be needed to purchase pre-sale Chaos Legion packs.

  2. Liquid SPS will be allowed as a payment type for purchasing pre-sale Chaos Legion packs and will entitle the purchaser to a 10% discount.

  3. Pre-sale pack buyers will convert other crypto into SPS immediately before buying packs at pre-sale in order to get the 10% discount price.

  4. Splinterlands devs have said they will not dump the SPS used to purchase pre-sale packs back into the market. This means there will be enormous buying pressure, but much less selling pressure.


Why Pay With Anything Other Than SPS?

Since SPS will be allowed as a payment source for Chaos Legion packs, but the price of the packs is fixed at $4, this means the price of SPS at the time of pack purchase will be irrelevant to the pack buyer. SPS is the only payment method that will entitle a buyer to the 10% discount. Imagine these two scenarios:

#1) SPS is $1 each. Pack buyer acquires 3.6 SPS tokens and immediately uses them to buy one pack for $3.60 ($4 retail price minus 10% discount). Cost to buyer is $3.60.

#2) SPS is $10 each. Pack buyer acquires 0.36 SPS tokens and immediately uses them to buy one pack for $3.60.

In both SPS price scenarios, the buyer is still only paying $3.60 per pack. However, as more and more players need to acquire SPS to get the 10% pack discount (why would you pay any other way?), this will cause a price squeeze for SPS. If everyone is smart and uses SPS to get their pack discount, that means there will be demand for $3,600,000 worth of SPS just for pre-sale pack purchases.


Market Analysis

In the past 24 hours, Hive-Engine volume in SPS has been about $140,000. Additionally, there are only 132,580,200 liquid SPS tokens as of this writing. More and more liquid SPS has been getting staked as players try to maximize their VOUCHER airdrops via SPS staking.

At the current price of $0.50 per SPS token, the pre-sale pack purchase demand would be for 7.2 million tokens. Obviously, as demand increases, so will the price, unless the holders of those 132+ million liquid SPS decide to all sell into the pre-sale event to hold prices down.

So the question is, how much will liquid SPS demand outpace liquid SPS supply?


Chaos Legion Pre-Sale Plans

I am contemplating teaming up with some of my @Hive.Pizza buds to purchase 2000 Chaos Legion pre-sale packs in order to take advantage of the guaranteed Gold Foil Legendary promo card, among other benefits like a 20% pack bonus and the chance to create our own Legendary Summoner! If there are others out there with similar ideas, I expect the demand for the VOUCHERS to be fierce!

How high do you think SPS and VOUCHER tokens will go during the Chaos Legion pre-sale?


Featured Battle

As I often like to do in my Splinterlands posts, here's a fun battle I had recently where I got incredibly lucky and won only because my opponent had a couple of very unfortunately timed misses at the very end!

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Watch this battle.


*None of this post is investment advice, simply entertaining discussion about the state of the @Splinterlands token market.



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(Edited)

PIZZA! PIZZA! PIZZA! PIZZA!
PIZZA Holders sent $PIZZA tips in this post's comments:
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Learn more at https://hive.pizza.

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holy crikes. Who knows.
Its very exciting.
Ive been too hesitant as usual, but i should probably try to buy some!

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SPS has been on quite a ride. It even looks like someone tried to claim Binance was adding SPS and that caused a huge spike overnight too. !PIZZA

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SPS will be like 1$ atleast and vouchers price can be anything between $0.5-1... That is my guess!
To the moon!

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I wonder if the devs are going to release details of the special promo card for people who purchase 500+ pre-sale packs. If that card ends up with great stats, that could push VOUCHER prices really high too. !PIZZA

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SPS might indeed go beyond $1 we really don't kknow

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Keeping my fingers crossed! This recent pullback was a good buying opportunity for me. !PIZZA

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As a someone who only began playing in August, these decisions can seem a bit overwhelming. I'm grateful for all the posts like yours which offer insight and potential strategy plays to make the most out of the Chaos Legion card pack pre-sale.

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I'm glad you found the conversation helpful! Things should start heating up considerably in the coming two weeks right before the pre-sale starts. Thankfully, this gives plenty of time to get positioned and take advantage of any dips in prices. !PIZZA

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It will be interesting if it gets to parity now Hive pumped!

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Yeah that Hive price spike came out of nowhere today! Very exciting! !PIZZA

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