Crypto Analysis | New Ranked Rewards Tomorrow and Only 57 Days of the SPS airdrop !
Good day Hiveians!
Join me in analyzing the crypto markets!
Splinterlands is about to go into overdrive with major updates coming every other week!
Tomorrow is going to be an exciting day for all Splinterlands players! We are going to have the new ranked rewards introduced which is going to change the fundamentals of how rewards are going to be distributed. Until now climbing the ladder was giving more loot chests which meant that the lower leagues were only getting a handful and the higher ones many many more. With the new system it will be possible to earn up to 150 chests every season! However, the rewards will be greatly different. In other words, climbing the ladder means that you will get much better loot chests and therefore higher rewards. The other major change is that you will have a daily focus in which you can continue earning loot chests - but it will get harder and harder with the ECR decreasing after every battle. In the town hall it was mentioned that playing 30 battles a day will be most rewarding...
The other thing coming is the modern and wild format. This will also be a major change as players can then choose between the two formats. If you have old cards (meaning the 3rd last expansion) as well as newer ones you get to play in both formats and earn double the rewards! Newer players will also have a better chance in winning as the older cards won't be playable (although I wonder if this will actually be so much different, are the older cards better than the newer ones?)
All in all I feel the team is moving in an excellent direction with these changes. Not even speaking of the SPS validator nodes coming at the end of the year as well as the riftwatchers expansion...
The private airdrop ended 4 days ago
which means that there is only the public airdrop remaining before the inflation of SPS gets reduced by quite a lot (currently almost 1 million SPS a day are distributed).
Amazingly we are still in the descending triangle! It seems that SPS' downward trend is impossible to break... although price is just itching to break out of it. If there is one thing I have learned from my TA experience it is that the price in these channels never runs to the end. There is a breakout to either side before that.
With the whole crypto market probably being green for the next few weeks I would expect SPS to break out of this position and go to at least 14-15 cents. There is a resistance int hat area which might take a while to break. But I think there is a good chance for price to reach 20 cents once more at around the end of the public airdrop. After that the crypto market might go into correction mode again, which could bring down SPS "the last time" to around 10 cents again (which would be the same trend line creating the resistance at around the 14-15 cents currently).
After that the sky is the limit 😁
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
Check out the Love The Clouds Community if you share the love for clouds!
I guess it should be possible for one to buy and hold the token even if one cannot play the game.
You also do not like making your post with the Leofinance.io interface, there is some certain leo rewards for doing that, am sure you know... I Only want to know why
Because I am lazy :D I really like the Peakd interface ...
I think SPS is a really solid investment; one of the main competitors Axie Infinity has few players and less transactions but has a much higher market cap. I think Splinterlands will catch up some time (but maybe it will still take a year or so as there is still much to be released)
Feels good to know all these.
The lazy part got me...
I love peakd too and use it for everything except leofinance related stuff.
good for you! :)
@tipu curate
Upvoted 👌 (Mana: 5/45) Liquid rewards.
New rewards is coming tomorrow. I'm try but own cards, so you get more DEC. Now I'm getting about 1.5 DEC on average, compared to 0.5 before. So if buy more cards you get more of the percentage !