SPS Has SkyRocketed In Value And Here Is Why
24 Hour SPS Sales Graph
The graph above shows the 24 hour sales of the SPS token. Its 24 hour low was $0.40 USD and its 24 hour high was $0.63 USD. Currently the price sits at $0.57 USD. That is a $0.17 increase from its starting point just 24 hours ago. If we go a little further back we will see that the recent upward trend started when SPS was at the price of $0.22. What could of caused this sudden spike?
Chaos Legion
That's right, the soon to be minted Splinterlands edition of cards known of Chaos Legion is responsible for this hike in SPS price. How can that be (you ask)? Well, you see; it was announced just days ago that if one wanted to participate in the presale of Chaos Legion they would need to have SPS staked. This will be monitored by a voucher system in place. Players will get X amount of vouchers per SPS staked vs. total staked SPS. This has caused a frenzy of SPS holders to stake their tokens which means less on the market that is available for sale.
It was also announced that during presale if one was to use SPS to purchase their Chaos Legion packs they would get a 10% discount. This has made many speculate the price of SPS will rise (and it has) so they jumped in and purchased some additional SPS to get ready for the spike and to get ready for the presale. On top of all that the voucher system (which requires staked SPS) will continue for a portion of the general sale of Chaos Legion. If one doesn't have SPS staked to earn vouchers they will first need to purchase vouchers from someone who has them. One voucher allows you to purchase one Chaos Legion booster. The voucher alone isn't enough to purchase a booster, purchasers will still need to pay the price of the booster at the time of sale.
DEC Spike
DEC is once again soaring upwards in USD value. The reason for the DEC spike is very likely because of the USD value of SPS increasing. The USD value of DEC is linked to the USD of SPS because there is currently a year long airdrop taking place that is based on holding Splinterlands assets. One of those assets is DEC (Splinterlands in game currency). So its very likely that the value of DEC will increase as the value of SPS does.
Cards Take A Hit
Ok, Mr. Smartass Rentmoney why has our card value shrunk? Calm down folks, no need for name calling :) Its my opinion our card values have shrunk because everyone is getting ready for Chaos Legion. Owning a card valued at $80 is awesome but is it as awesome as opening/owning 20 Booster Packs? Players/investors are selling their spare cards to bank cash for the new set. I don't see the "old" cards value recovering anytime soon. More of them will get dumped on the market once Chaos Legion is available.
If you are an Alpha/Beta/UNTAMED collector the good news is its now a great time for you to pick up those cards that are missing from your collection. Don't fret my fellow holders, I also predict that card prices will again (at some point) start to be in the green again and reach new all time highs. Patience is important in this game that is Splinterlands. I seen many get frustrated at the swings in market and sold collections for hundreds of dollars that if they just waited a few months would of been worth thousands of dollars (Don't become one of those "guys").
One Month SPS Sales Graph
***Disclaimer: This is an opinion post and is not financial advice. Always do your own research before investing any of your hard earned currencies in any project.
What is Splinterlands?
Splinterlands is an online blockchain game built on the Hive Network. It utilizes NFT's for game play. These NFT's and other in game assets are tradable and have real monetary value. Click here to play or to invest in Splinterlands today. Play for free or purchase the right to earn for just $10 USD.
What is SPS?
SPS is the governance token for the Hive Blockchain game known as Splinterlands. SPS can be purchased on exchanges such as Hive-Engine or earned in a year long airdrop. The only requirements to participating in the SPS airdrop is to hold Splinterlands assets.
Watch A Splinterlands Battle Below
https://steemmonsters.com?p=battle&id=f9525f6dc69433c5f35470817a4c862530cb3300&ref=rentmoney
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SPS To the moon :D
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I mean, it kind of is mooning already, like 300% since the lows at .22 cents. What you think though rent, maybe tap a buck at this rate? It might hold high prices for a while and surprise people but id imagine some selling closer to when people start buying packs
I agree, its mooning. I suspect it will continue to rise as FOMO for Chaos Legion looms. To what point before a correction, I'm uncertain. Is it worth the risk to punt in now (I have no clue).
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Ok smartass rentmoney lol, good analysis and congrats to buyers of SPS.
SPT tryna make a little move too i see.
Keep beastin rentbeast.
SPT and all Splinterlands assets likely get a bump in USD value everytime SPS does the same. The Splinterlands team have done a good job at keeping everything linked to each other by rewarding holders of Splinterland assets.
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I figured we'd see something like this. Dec will have another run when land is launched, too, until everyone upgrades as much as they can afford to spend, then it'll level out until the next big thing.
Markets are gonna market, but I think we do have enough history that shows this arena is fairly predictable for the next few years in terms of overall success, so opportunity is around every corner.
You want to day trade? This feels like fertile ground to play around.
Just want to hodl? The highs of this year are the lows of next in damn near everything crypto that has any kind of reputation behind it and a solid plan going forward.
Splinterlands is only beginning to show us what's possible, thus I'm convinced everything we're seeing here is just a teaser for what's to come.
If you take anything I say as financial advice DM about some ocean front property in Arizona I'm letting go for a steal. 😁
I agree with everything you said. I feel as the only wrong move here is to not participate. Trade (congrats on profits) Hold (congrats on profits) Sell (congrats on profits but you might regret selling later). And as always, not financial advice.
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I regret selling/burning/swapping everything I no longer have in my collection, but I'm still pretty thrilled at the way things are panning out.
For me the most valuable are the Cards in the short, medium and long term. But it is normal for people to be opportunistic and I try to take advantage of the opportunity. With the Chaos Legion you have to bet SPS yes or yes, that will cause more pronounced increases near the sale.
Sure, the cards are the backbone of everything. No cards, no game. It'll be interesting to see what the price of individual Chaos Legion cards will be. They have decreased DEC values and decreased Power values but a higher starting point then all cards before them ($4 Boosters vs. $2 Boosters).
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@rentmoney To the moon right?
Cheers to that.
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View or trade
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That's a collector version,
opps, I missed the importance
I definitely not gonna sell my SPS. I keep hodl for future vouchers. Only gonna sell if I really need the money
The last days before Chaos Legion can be a spectacular bomb when everyone shops to get the discount and most of them are interested in getting the vouchers.
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