Is SPS Price going to the moon?
Conclave Arcane Pre-sale is coming in just a few days on 22 of this month and people are getting excited and expecting the pre-sale make the SPS going up by a lot.
SPS is already up even before the presale and Dec as well:
DEC is almost at the ideal value.
They has greatly increases from just a week ago when I do the tokens price report for April, specially SPS:
Week ago price:
So it is true that SPS is going to the moon? lets see reasons why it could and reasons why it may not increases so much:
Important Note: You should not take just one video or one post as a financial advice, you should always make your own research before investing in anything that have risk.
Reasons why SPS could go pretty high in value:
Pre-sale and general sell should increases token prices specially SPS plus if DEC increases more than 0.001 SPS will be burned to create DEC increasing the value of SPS and keeping the DEC value at 0.001.
The pre-sale has not even started yet and the price is already up and not only of SPS the DEC is as well up.
A good amount of people are hyped thinking SPS is going to the moon or at least going pretty high in value and they are already buying SPS increasing his value.
The Rebellion set hold their card and packs value so people has more trust on this new set expecting to do a lot better than rebellion, at least on sells.
There is a Bulldog1205 video, where he run a simulation of how much the SPS can increases after the pre-sale and the best case scenario show that it can increases up to 0.40$, so around 40 times more than the current price.
Reasons why SPS may not go too high in value:
The pre-sale may not do so well or as well as people expected and they will star to sell, even before the general sell.
Players are earning lot of SPS daily and there is not too much incentive to keep stacked it, so most of this SPS will be unstacked and sold.
People has bough SPS at very low price and they will sell at any time it increases, producing a sell pressure each time the price goes up.
Currently Most of the demand of the SPS is speculative, meaning the people want it because they think it will go up in price, there is not too much demand beside from that, for example to earn on ranked there are no request to rent SPS everyone seams to have the amount they need to play, some even have several times the amount they need and they can not rent the rest to others as there are no requests anymore.
If the team fix the sps market problem fast the probability of SPS going to the moon or at least quite high will greatly increase.
Here some ideas of how to improve it: @caimanx/splinterlands-sps-market-improve-ideas
Splinterlands
Is an Auto-battler game where all card are NFT, you can own them and sell them when ever you want or rent them, you will earn SPS each time you win a battle and you can change it for USD if you want, it is a fun game with a playtoearn aspect that greatly increases the fun.
If you are not yet register in Splinterlands you can join it for Free by: Clicking here . As a free user you can play and earn Glint, you will need to buy the Spellbook if you want to earn SPS and others rewards just for playing.