The Future of SPS: What Can Push the Price Up

Hello Community friends, Greetings from Hive account@mrdani12 to all my beautiful friends, Todays let talk about Some general things, As a trader or the warrior of Splinterlands you not not suppose to just play the game but you need to learn about the SPS price, That why it is not pumping hard from month and how it can touch again it all time high.

I am a financial advisor but what I learn what I research I will share with you people in easy words, As we all know that #SPS is the primary token of Splinterland, Just like #hive is the primary token of hive blog chain, SPS is listed in many exchange and already it is very popular token among traders.

Now let ask a very simple question as a beginner perspective that this token is very popular but still it is not pumping and draining day by day. The simple answer is that you have to know about the fundamental of SPS. We can reach the price again to 1$ but it is not so easy we need to understand something.

First of all let talk about the market cap of SPS, The Market cap of SPS is not so big, it can pump and dump easily but we need to learn first that what happens. The market cap of SPS is $12,950,871 which is almost 12.09 Million $ market cap, The easily formula of Market Cap is price x supply . Now if we know the price of SPS is 0.0047$ and if you want to double or 2x the price the price of SPS will be double like the price will hit 0.01$.

Now let talk that what are the real math to actually rise the price of SPS to 2x. If you want to increase the price of SPS to 1$ we need to bring more people to Splinterland game.

Real Ways SPS Price Can Increase
More Players Enter Game
Example:
10,000 new players
Each buys $20 SPS
Total buying = $200,000

Price starts increasing Because 0.2Million which will some how rise the price of SPS, Splinterland need to spread in the whole world because 99% of world are not aware about this game and I know if people know about this game they will rush to the game and the price will increase itself.

Another main problem of dropping the price is increasing supply , the supply of SPS is very large because as you know that Players are rewarded in Splinterland and they are just selling to get profit that why the price of SPS is not going up instead of pumping it is bleeding. we need to burn the SPS and make the supply less.