Have we hit a turning point for $SPS?
After months of turbulence and a constant and consistent drop in price it seems that SPS is slowly gaining value again. There have been a lot of changes in the splinterlands eco-sytem over the past few months aimed at steadying the economy.
We are also seeing some signs of life in the wider crypto market. Is it a combination of both or have we just hit the bottom and players and investors have found their value point?
Personally prices sub 1c are heavy stacking prices and if i had the spare funds would like to push for 1M SPS as my long term target. As it stands I'm a long way from that but have been able to steadily stack a couple thousand per week with my account earning about 6 SPS per win, land producing about 400 per week and interest at about 40 per day. Like everything in crypto it compounds over time. The more that you can put away yourself it will keep growing in the background.
Recent changes.
- Glint store.
- Hall of legends.
- Voucher shop.
- Reward card unbinding.
- SPS foundation.
- SPS validators near completion.
I do think that the game suffers from the wider crypto market to a large degree. When the market s pump we all have more money to play around with and to pump back in to the game itself. If we saw Hive back to $2 then a lot of players would be hitting the markets and buying up more assets. The same goes fora ll the major cryptocurrencies as most payers are invested across the board.
The key to marketing in crypto has always been price. If you can get those prices moving in the right direction then people take notice. Social media heats up and more money follows as it's all about hype and not substance in the wider market. We're just lucky on hive that there is actual substance behind our apps.
Splinterlands is almost seven years old and one of the oldest and most successful games in the crypto industry. t's had a lot of issues in the past couple of years and a lot of changes that i have not been a fan of and still an not but it has survived which is the first step.
That's a step further than most crypto projects have gotten which is a big plus. Survival is the first step of success and the team have managed to ride through some tough times this year. If we do hit a bull market then i hope that they have learned lessons form the past and manage the funds a lot better to ensure further survival and development.
The community seems to have turned a corner so hopeuflly that is a sign of things to come.