The trickle down effect from Splinterlands.

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Success breeds success.




I think that everybody here is aware right now of the week that @splinterlands is having. Whether you are lucky enough to be holding or not, all of the news is filtering into the rest of the chain and crypto in general.

Play to earn is trending and Splinterlands is one of the oldest and most established names in the place.

With this wave of interest we are seeing lots of other ripples for the rest of the chain.

The first effect that we are seeing is a spike in new users.

The splinterlands team is onboarding thousands of new users to hive per day which is more than we have ever seen to the main chain never mind for a single app.



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All of these players are creating a lot of new transactions. Over two million transactions per day currently. One app is accounting for two million transactions out of 2.6 million. It hasn't even reached peak interest yet. This is just the first wave.

All of those transactions are going to need a lot of RC which will lead to a higher price for hive.

Good thing all of these new users are bringing external funds and are not shy to use them.

The marketcap has jumped massively over the past month bringing a lot more value to all of the existing accounts.




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Splinterlands will drive the price of hive.

If these current rates for splinterlands assets keeps going. I could potentially have an account worth $100,000 and would only be one among thousands of other users.

What happens when an asset suddenly becomes highly valuable.

You sell some. I know that if we reached this point that I would be selling back to hive with maybe 10% of my account value. If all the existing players did this it would move millions into the chain and the price of hive at the same time.



What happens with 10 successful apps?



That is when things get really interesting.

We can see cubfinance is about to bring in a lot of value to the chain and it's users. Now we have splinterlands. These are just two apps which can create a lot of wealth and use for the hive community.

If we have ten of these working at the same time we see real movement and waves of users. Then people will sit up and take notice of hive.

The other two aspects that would link in here is the funds available to hive users that could be used for creating these next projects. If they earn money in existing projects it can be used to build new ones.

The publicity generated by successful project will lead to more businesses using hive to build onto as they see a roadmap to success for their own projects.

It only takes one to become big that will open up the floodgates for other to follow and drive even more traffic to the chain and development to the eco-system.

Posted Using LeoFinance Beta



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3 comments
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Splinterlands is driving a lot of traffic over to HIVE. I honestly wasn't expecting such a huge increase and it seems there is a huge demand for cards right now

Posted Using LeoFinance Beta

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So what do we hodl ? Cards ? SPS ? SPT ? dark crystals ? … I have about 300 cards that are worth $2,000 today


Posted via proofofbrain.io

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Hive is up 54.1% last 24 hours. We're seeing some serious trickle down right now :)

Posted Using LeoFinance Beta

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