Is the value of the SPS falling down? (2021.09.21)
I had 150 SPS one or two weeks ago, the value of that collection was around $45 USD at that time. I started to be happy that the value of my SPS airdrop collection will finally reach $50 USD.
But today (on 2021.09.21) I have 164.451 SPS, and currently it worth only $36.31 USD.
The current value of the SPS is $0.221 USD. It was around $0.34 USD one or two weeks ago.
The APR is also going down. It is currently 102.79%. It was 566.15% a month ago (on 2021.08.02), when I staked 18 SPS.
Looks like the hype is ended.
What are your thoughts on this?
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The prices of most cryptocurrencies are currently going down, and that normally brings down the prices of DEC and SPS too. 🤔 #NotFinancialAdvice
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That could be the case. Usually if Bitcoin (BTC) go down, then most of the cryptocurrencies are going down with it. I believed that the SPS is a little bit different, because it is related to the Splinterlands game, which is using NFT cards. But of course SPS is not NFT. I still stake all of my SPS.
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Thanks for the !PIZZA and !LUV.
By the way, I noticed that you could share only 1 LUV per day.
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Well the marketcap if SPS at that point in time didn't make sense since there was so much SPS coming out at that point. It's free money and I also want to get in on the Chaos packs so I don't mind staking my SPS for now.
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I also stake (all of) my SPS. I give you some !PIZZA.
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I believe it is natural considering how much sps has been distributed to users so far. Earlier demand was higher than supply. But as now we have nearly done 1/12 of the sps airdrop day wise it seems a natural outcome.
This may also a reason. We will see what happens in the future. I for one stake all of my SPS. I am planning for long term with Splinterlands. I give you some !PIZZA.
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I do the same thing stake my little SPS everyday, don't want to miss out the chaos legion by any chance.
I am going to stake most likely until the end of the year... like the @atexoras.pub will for the massive (hopefully) giveaway back then.
I probably stake until (near) the end of the airdrop.
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I wouldn't worry short term judging by the increased player base.
Also I imagine the staking pool works the same as most, More TVL or total value locked =long term greater value of the token and lower APR. Do wish it supported BSC direct wallet addresses for transfers tho, had sps stuck on pancake swap for ages because I'm too lazy to send it from my trust wallet to metamask.
Probably you are right. And more and more new players are coming, and the developers are constantly improving the game, and the game is already very much enjoyable.
Maybe they will solve that over time. They have a Discord server. You can contact them there. Or via e-mail (support AT splinterlands DOT com).
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Extended altcoin season is just correcting.
Probably. Now it is went up a bit (to $0.247 USD), and my SPS collection is currently worth $41.19 USD.
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Ups and downs are good and normal, The price will go up as more usecases happen
This is one of the best things about Splinterlands. The game is constantly in development, and the new use cases (and various other things) are constantly coming.
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The APR value will continue to fall as more and more people start staking SPS.
The value also takes into account that there are millions being generated each day so it will fall. There's also not many use cases or demand for it but wait for land, card packs and so forth and demands going to go up big time again. Just in a bit of a waiting period right now.
Land and other new things will certainly make the things more interesting. I give you some !PIZZA.
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Even 100 sps is a goal for me :)
Good luck with that. I am getting close to 200 SPS. I currently have 170.800 SPS.
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Thanks for the pizza. I am thinking to invest in pizza too to share among splinterlands players. Is it a good investment?
It is definitely good seeing from the social aspect. It encourages interaction. And when you call the pizza bot, it will give the reward from its own wallet, and not from your wallet.
You can read more about pizza on their website: https://hive.pizza.
I rarely check how much pizza I have, and the value of my pizza collection, but I checked it today morning, and I currently have 39.57 pizza, which currently worth $10.70 USD. The funny thing is the fact that I could buy a complete pizza (or multiple pizza slices) with it.
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Thanks for the info. Since you r in splinterlands group you will see me share pizza. I am actually thinking alot about it lately to increase my engagement in splinterlands community. I am thinking to give it to contest winners or something like that. I know i cant use steemmonster but i can give a slice atleast. Thanks for highlighting it