Let's Be Honest About SPS Right Now
In this video, I discuss what we're seeing right now in the SPS price and how we have historically tracked around and after previous set releases. The truth is that while the team has been effective in delivering items that increase SPS demand (both rental and purchase), there is still too much SPS out there in the ecosystem and the DEC overhang continues to pull down the flywheel. It's been a rough 4.5 years since the launch of the token and until we can improve the tokenomic health I don't see things changing anytime soon.
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Hello @aftersound
You're right, as I mentioned, when SPS was launched, it was priced at 73 Indian Rupees. Since then, its price is almost non-existent today because of its high supply in the market. Until this is resolved, its price will remain very low. The DEC token is also performing similarly. However, it's been a while since the prices of both have increased. Do you think there's any chance of its price increasing?
At the moment, no unfortunately.