As FOMO as it sounds, I purchased 30,380.40 SPS yesterday on Crypto.com!
Screenshot from Crypto.com App
With some liquid Hive I had in my account, I also purchased 500 SPS on Tribaldex too!
Screenshot from Tribaldex
I have been playing Splinterlands for more than two years now and the price of SPS is something that I have been following closely for a long time. There used to be a period that I was pretty bearish on SPS because of the game developments and friends closer to me will know that.
However, I observed things seemed to take a drastic change for the better! Not just the price movement of SPS, but many things within the game itself.
One, there was a change in the leadership. I always feel that leadership is one of the most important aspects for a company or a project because the captain of the ship will be the one steering through troubled waters when times get tough and you want a steady hand. I am not sure if you agree with me, but the recent change/reorganisation seemed to work and things have been improving since.
Two, the launch of LAND was very successful and it's really exciting to see so much discussion on Hive and X/Twitter. Even though I don't own any LAND and often find the information too overloaded, it's always a good thing reading posts on players expressing excitement about finding Totems or putting cards to work in their LAND. From an outsider's view, the LAND does add a new dimension and depth to Splinterlands and I think it looks very promising currently.
Three, the SPS and DEC flywheel! Splinterlands players would know that you can burn SPS to convert into DEC and this meant that if DEC were to stay close to the peg, this makes SPS bullish. I always get excited when I see DEC fluctuate at the peg, but it was also due to one-off events like pack sales and DEC would always drop back after that. However, DEC has stayed close to the peg for a very sustained period now and I believe that is also why SPS has climbed steadily over the past weeks! As long as DEC continues to keep at the peg, I believe SPS will continue a steady climb in price.
- In case you aren't aware, SPS has gone up 12% today and 70% in the past 1 month!!!
Screenshots from CoinMarketCap.com
Four, Rebellion! And if the above 3 points aren't enough to believe in the potential of the price of SPS, there's also the Rebellion general sale coming up! The pre-sale has ended, and to be honest, I was surprised that it was very well-received! The sales choked up halfway but it finished strongly at the end! I have written a post about my participation here!
If you missed out on the pre-sale, the general sale is coming up in about 3 days' time. You know the drill, get ready your DEC and VOUCHERs if you are interested!
New tactics will be in play for Rebellion cards!
Also, new abilities too! That would definitely make strategising battles even more complex and fun at the same time!
I have taken a look at the Sneak Peaks posts and I think the artwork is awesome! I feel that the artwork is something that is underrated because most people would go for the stats, abilities, etc, but can you imagine, if there were no images and we playing with cards that have only texts, wouldn't it be weird and less fun?
I have copied the links for the Sneak Peaks here:
And if you think 4 reasons aren't sufficient, here's a final one!
Five, Bitcoin is back. Like it or not, the rise and fall of most cryptos are fortunately (or unfortunately) tied the fate and price of Bitcoin. Bitcoin has showing signs of bullish-ness, which can be attributed to many factors. There's the speculation of the Bitcoin ETF approval, there's also the upcoming halving event next year, and they all seem to coincide with the peaks and troughs of the "4 year cycle" of Bitcoin. With potentially greater adoption and greater awareness of the masses, it would do great for play-to-earn games such as Splinterlands as more people would discover this game and a larger pool of players and a bigger community would be beneficial for the game, and likely, for the price of SPS.
There you have it! My 5 reasons on why I think the price of SPS will do well in the coming weeks.
- Change in leadership
- Success launch of LAND
- SPS and DEC flywheel in play
- Rebellion!
- Bitcoin
Before I end, of course, I should always reiterate that this is not financial advice. This is just my personal viewpoint and one should ALWAYS do your own due diligence for anything you want to put your money in.
So what do you think? Let me know your thoughts in the comments below. Feel free to agree or disagree with my reasons too!
P.S. I know it's not a 100% Rebellion post, but I thought of incorporating the Rebellion theme in this post together with the discussion of the price of SPS, which I think is very exciting at the moment!
If you are interested to sign up to play Splinterlands, my referral link is here.