The current market is range bound the SPS price moves from 0.015$ to 0.024$ and we see further down to 0.021$.
The current supply of SPS in market is increasing daily. Although admin and team has taken wisedecision to tell people to stake more snd more sps if they look for nattle reward.
But on the other side it just created dump of card in a market as card prices are suffering from high pressure of selling and we also see major downfall in the rental market.
Today I am getting only 1-2% interest on my card which I bought in the last few years, which tentavily advised me not to buy cards further in the market.
The game demands new people who can play for long term and the guild are engaging them nicely
Earlier, I was not very much sure about the guild idea but it became successful now.
Look at the current market supply, staking snd liquidity pool supply of SPS and how more it can engage in other system.
Price Synchronized on Coinmarketcap
Source
......................................................................................
Circulating supply update on coinmarketcap data
Total Supply in Market
The total supply is 1.1 billion out of 3 billion in total max supply which can hit the market.
It suggests us that 1/3 supply of the coin came in market and the pace will also become slight slow each year when the coin hit the market as the coin is inflationary for 5 years from the published first date.
I am expecting the price can reach 0.1$ if the number of players will become double in number what they are playing today.
.........................................................................................
The onchain data suggests total number if players which are playing currently around 56000 person. If they will cross more than 100000 players definetly we will head towards the right direction as projected by the team.
Once the team said the number if player eill be 10times when 300000 players are playing yhe game , although they didn't ecpect that much fast they will resch the target but now things change as the bear market came.
I hope it will get definitely this value but it will taketime snd we all are waiting for bull rally.
Thank you
Hit your target wisely and steadily.
Join and start playing today:
Sign up now
https://splinterlands.com?ref=sanjeev021