SPT on a tear....... Why?

in Splinterlands2 months ago

$SPT seems to be on a moonshot right now? Why is this? Does anyone have any insider trading news to share!

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The latest buy orders have punched the price up 120% to 0.005 HIVE / $0.0006
Thats a large jump and a significant price increase for this tribe token. I've been posting and earning for a while but am still unsure why the increase in the past 24 hours. I'd be interested to hear your thoughts!

Thanks


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I would guess that it is part of the larger trend we are seeing. Saw a big run in STEM the other day.

It looks like people are trying to stock away some of the H-E tokens in an effort to try to find the next Leo.

Sadly, I dont think many realize all that goes into making like something like LEO flourish. They think burning a few tokens, changing the reward curve, and talking a different narrative will make things spring to life.

I only hope these tribes take the enormous amount of action required.

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That wasn't the reason for the price spike in SPT. The reason was Brofund entering the Monster-Curator team and stacking up their stake as well as the super low depth on the market and the growing interest in the upcoming NFT skin market for Splinterlands, that will work exclusively with SPT. There are only 80k SPT on the market right now to buy. This has consistently be the case since SPT switched belated from Steem to Hive. Just look at the trendline. SPT is no LEO and never will be. I am one of the largest token holders and have no ambitions to just copy what LEO does. But we are working behind the scenes to make SPT more worthwhile for the stakeholders. Burning tokens wasn't part of it so far (although might be part of the upcoming fanart market) and we also haven't changed the reward curve (because we have ZERO influence over the tokenomics, unlike LEO).

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Monster Upvote SPT (Splintertalk.io)

Delegate SPT to @Monster-Curator with LeoDEX or Hive Engine and earn daily SPT payouts.
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I've been collecting it even though it seemed like a forgotten idea for the longest time, simply because it was easy to do and I feel like it SOMEDAY, it will have more value than it currently does. No, it's not going to make me rich, but SPT will be something that people actually strive to earn and that will be good enough. I forgot to go in and upvote things for the longest time, so I was leaving curation SPT on the table. Whoops!

I know a good curation service that pays back 100% of the rewards to the delegaters... ;-)

Well, now I've been going in every day and making sure to upvote some things. How does the service work, though?

Delegate SPT to @monster-curator and get daily payouts at midnight London time (after an initial 24h-48h delay, depending on your delegation time) . Simple as that.

Okay, I just delegated 90k SPT. Godspeed!

Welcome to the party!

I agree. LEO is smashing it out of the park at the moment. I have heard that there are some plans for the SPT token but I am not sure what these are! There are some other great tribes out there doing great things but also some tribes that are just jerking the circle.....

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I wish there were some that put out road maps. That is a major concern. Nobody knows what is going on. I have a feeling that it is also true for the teams behind many of the projects.

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The team from Brofund has entered the SPT party after a generous donation from the largest stake holder. They have also bought most of the little supply that was left on the market. And they joined Monster-Curator as well.

Keep in mind that SPT has an ULTRA-LOW depth and price swings will happen easily in that market. Most people have staked their SPT and many want to buy more. But there is not enough for everyone, at least not at the current prices.

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Manually curated by @flauwy

Monster Upvote SPT (Splintertalk.io)

Delegate SPT to @Monster-Curator with LeoDEX or Hive Engine and earn daily SPT payouts.
Sponsored by MonsterMarket