SPS Is Trading Too Far From Its Real Price. Why Is It Falling and When Will It Recover?

rtonline in #hive-167922 • 3 years ago

After hitting $1 in October 2021, SPS entered a bearish trend and is stuck around $0.1 in 2022. And right now SPS Price is trading near the bottom. I think one of the best games in the crypto market, Splinterlands' native token, SPS, is trading far from its real price.

Splinterlands is at rank 1 on almost all platforms following the markets. With more than 335K daily active users, Splinterlands dominates the market in this area. Although it is not currently listed on giant exchanges such as SPS Binance, it continues to attract great attention. I can't even imagine what will happen when it is listed on Binance in the future. When listed on Binance, the number of players and investors will undoubtedly increase, which may lead to higher valuation of SPS and in-game NFT cards.

SPS is currently trading at $0.084. It cannot move higher due to the high selling pressure above 10 cents. The airdrop on Splinterlands is still ongoing, keeping this selling pressure alive. After about 3 months, the airdrop will end, so selling pressure may continue for another 3 months. But on the other hand, there will be very important developments on the Splinterlands side in the coming days. These developments may also break the selling pressure.

In about 1 week, the Splintershards (SPS) validator node license pre-sale will begin. Click for detailed information.. In addition, in the coming months, there will be new developments, especially the lands. Also today the PSPS-POLYCUB liquidity pool was launched on PolyCUB. Click to view the liquidity pool on PolyCUB. Also, click here for detailed information about pSPS.

There are exciting developments on the Splinterlands side, and I think these developments will have a positive impact on the SPS price. After a few months, we can see the effects of these developments. During this time I will struggle to increase my SPS assets. I am quite optimistic about SPS and it is among my promising assets for me. My personal opinion is that I will continue to hold it until SPS rises to $10.

What do you think about the future of SPS?

I do not give financial advice. I follow the developments in the crypto market and share my ideas with you. You should do your own research before investing.

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#splinterlands #sps #analysis #hive #leofinance #polycub #oneup #vyb #proofofbrain #spt #cent #neoxian

3 years ago in #hive-167922 by rtonline

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mxm0unite 3 years ago

Listing on Binance will usher in explosive growth

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rtonline 3 years ago

This will greatly help the growth of both SPS and the Game.

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poshtoken 3 years ago

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joetunex 3 years ago

I am really not disturbed by the price of SPS, we may begin to see better performance of it when the airdrop ends.

Am excited about the pSPS liquidity pool, am trying to get in on that. I will have to remove my SPS for Diesel pool.

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rtonline 3 years ago

I believe that it will perform better when the selling pressure is reduced when the airdrop is over. On the other hand, new developments are quite exciting.

The liquidity pools on PolyCUP have always excited me. I am also preparing to join the PSPS pool.

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joetunex 3 years ago

I am trying to send SPS to Polygon now but its not going through maybe I will just leave it and try again tomorrow

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pele23 3 years ago

I think 10 $ SPS is very optimistic, but it should grow substantially after the airdrop, that’s for sure!

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1 vote

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rtonline 3 years ago

I know that $10 will not be in the short term. When we look at it in the long term, I believe that SPS can reach those prices. Imagine the number of active users in the game reaches 1M and SPS is burned in the future.

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arpuch 3 years ago

I’m a small investor, but I’m definitely trying to acquire and stack SPS tokens. In a few months we may realize how low this price is! !PGM

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1 vote

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rtonline 3 years ago

I'm the same, I'm not a whale, but I'm trying to be a dolphin :)

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jfang003 3 years ago

As of right now, I just don't think there is enough utility for the SPS token and there is a lot of SPS being airdropped. So I would not be surprised that there is a decent amount of selling pressure due to it. I think the better chart to look at might be the market cap of SPS over time

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rtonline 3 years ago

Yes, that's right, that's what I'm talking about, and after about 3 months, airdrop will be over, then SPS may start to appreciate. During this time, I will continue to increase my assets.

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