Hello fellas!
Things are going pretty fast in the crypto market nowadays! It is feeling like as if the market is going through a smooth transition and sooner than later an explosion is about to take place. This could turn the market into something positive or it would take us all down into an oblivion. I literally can not just think about another bear market hitting us anytime soon. Because surviving through these times are probably the worst ones. Well, we all know it will hit us in the coming days. It is just a matter of time before that takes place.
Keep on accumulating your favorite coins and wait for the right opportunity and get out of those and once the market settles down and you get your desired position try to buy them back once again. Although, who will ever know which is the top and bottom position of any of our desired coins.
Coming to talk about our favorite altcoins, lets share my POV regarding to one of the most promising projects of crypto in the play to earn industry. I have wrote multiple posts regarding this game but why not one more! I am talking about SPlinterlands. The game has been evolving lately! Trying out different ways to attract new players, trying out different approaches so that players would keep on playing the game and enjoy it along the way.
I was going through the Splintershards token in the market and something literally caught my eyes! I was honestly surprised seeing what is actually happening! To be more precise, I was noticing the SPS which are in circulation at the moment. According to the data of Splinterlands which are being displayed, it is saying, the price of SPS is hovering around 0.0074. The tricky and intriguing part of this details is how many tokens are in circulation!
As you may notice the circulating supply is 1,519,694,105 SPS. While from these amounts only 1/3 of the amount is liquid in the market. Can u imagine, what is happening? Almost 1/3 of a project's token is liquid in the market. Which is just awaiting for purchase, While 2/3 of the token in circulation is staked. That is an amazing statistics for a particular token.
This statistics of SPS Circulating Supply hints towards something crazy! Either the people/users who are playing the game are probably out of their mind for taking such decision of staking 2/3 of the supply in the game or they probably know something which others do not know!
Image source
Have you ever thought of it deeply? Why people are staking their tokens in the game rather than holding on to the token in liquid? Well, something clearly say, once the demand is created this token will see a huge surge which is not literally expected by many but those who are secretly collecting them in this current price zone they will have the last laugh ince the price starts to appreciates. Only time will tell, what is going to happen!
I would rather follow some sane whales who are literally making money for their staked SPS rather than chasing after some sort of memcoins in the market of a random X influencer. What I have learned over the years, it is better to be involved with something where you know the people rather than investing blindly over FOMO or trend! This theme have saved me quite a lot times in the past I suppose it will save me in the future as well!
Best regards
Rehan
Want to play & earn from Splinterlands
Join via, My Referral link
