What's going on with SPS price?


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It's been interesting to watch the price of SPS steadily fall over the past two weeks, from around $0.40 to $0.26 today. I honestly thought that we would see surging demand for SPS as @Splinterlands players scramble to get ready for the Chaos Legion pre-sale token airdrop which requires holding staked SPS to participate. Instead, it appears that at least some people are dumping their SPS on the market as it is being airdropped, forcing the price lower and lower.

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Source: coingecko.com

If demand for Chaos Legion packs is as strong as I think it will be (the previous sold-out dice pack and untamed booster pack is selling for nearly $50 on the secondary market), the price for SPS will surely rise once the pre-sale begins and demand for staking rises dramatically. The Chaos Legion pre-sale tokens will be tradeable and so there will be stiff competition to acquire a nice stash of them through the staked-SPS airdrop. If that's the case, then the current price of SPS could point to a very attractive place to accumulate. Only time will tell and the Splinterlands admins have indicated the Chaos Legion pre-sale will begin within the next 2-6 weeks.

What are you doing with your SPS airdrops? Holding? Selling? Buying more?



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11 comments
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Holding for sure. The whole market got smacked today. It will definetely pump back up there. The future of gaming has arrived.

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I'm right there with ya! Wish I'd been able to buy the mini flash crash today but wasn't near a computer. !PIZZA

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@budeezbuys! I sent you a slice of $PIZZA on behalf of @shauner.

Did you know Pizzabot in Discord has a bunch of useful commands? (2/20)

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I don't get much in my airdrop so I'm holding to get ahold of a couple of packs I hope. I think that the game is good and therefore has the potential to grow regardless of the market.

Posted Using LeoFinance Beta

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I agree. I think there will continue to be strong long term growth ahead for Splinterlands. I’m very curious to know the details of the airdrop for the Chaos Legion pre-sale tokens. Could be a big payout for SPS stakers… or a dud. I’m keeping both liquid and staked SPS on hand for the announcement. Thanks for stopping by! !PIZZA

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I'm not sure wtf is going on with it... but I bought 4000 more in the last 2 days, since Hive has been flat/up while SPS (and just about everything else) has been way down.

Sure seems like a great sale to get in on, since the Chaos Legion announcement will most likely skyrocket that price (as people realize that they need to get a ton of SPS in order to get in on the pre-sale.

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My thoughts exactly! It's a weird feeling to see the Chaos Legion potential when it seems so many others aren't. !PIZZA

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