Hey All,
Without a doubt I am pretty sure that we all who have invested in $SPS which is the governance token of No.1 Blockchain game Splinterlands are very sad to see $SPS trading at its all time low levels. I have invested into the game during the beta sale and since then continue to invest as opportunity strikes. At the moment, I am very tempted to buy a chunk of $SPS 10K+ tokens and stake them all. As of writing this post, here is my bag of 236K+ $SPS earning an APR of above 21%, which I feel is pretty decent. Only the thing is that hurts to see the price of $SPS. This was the price of $SPS almost a Year back and I had only 121K+ $SPS staked and its worth was more than $10K+ dollars and now that I have 236K+ $SPS staked its half the worth when compared to the price of $SPS a year ago.
SPS Price BACK then & NOW...
Now the question is will we see the price of $SPS bounce back or not? Or is there a further downfall from here and we could see $0.01 cent coming for $SPS. I hope and pray that we do not land up seeing $SPS further falling and if it does then I can imagine how things could become even more worse for the token. One thing is for sure and that is - we cannot predict the markets. A bull run from here can make things change all of a sudden and we could see a recovery coming that would ultimately lead to the prices of the tokens to rise. But then when is the bull market expected for which no one has a definite answer; its simply unpredictable. This leads us to another question which is then how can things change or fall in favor of $SPS and can we see a bounce back from here...
How can things Change for $SPS
Leveraging the Proposal system answer to all our questions, that would lead the game and ultimately $SPS to new heights. I know there are many proposals in place and the team is working on many of them which has passed. The one which I am more excited about is the exchange listing on a prestigious DEX like Binance and many others. This should definitely make a big noise if at all this happens and we could also see action in the price of $SPS as well, with many more users/players getting joining the game as well.
Can we get more out of the box proposals here is a big question? I had this idea of a burn mechanism being implemented with every claim being made for the $SPS staked. As the price of $SPS is low and burning 1 $SPS for every staked claim would lead to a couple of thousands $SPS being burnt daily.. can this be a break through or at all this is a viable proposal or not? I don't know to be honest. But the point that I am trying to make here is that one good proposal could do wonders. And if we do it right this is definitely going to bring back the price of $SPS back to where it used to trade and even much higher as we have a very high expectation from $SPS which is the governance token of the game.
With regards to buying $SPS then definitely, I am looking ahead to grab more $SPS. I am not going to let this opportunity go in vein and my target for $SPS is already set to having 500K+ $SPS staked. I may even land withdrawing my $HBD from saving to buy $SPS. As I said earlier we can never predict the markets. A good move in the right direction could change all the dynamics and hence I look forward to buying as much $SPS I can..more on it once I have further increased my stake. As of now, I am getting close to 350+ $SPS daily via the staking and the in game assets rewards which all gets redirected to the staking pool; therefore I already have a compounding effect in place for $SPS already. But what is missing is a big buy order for $SPS to be placed at these low levels..
With all the reasons listed above, I am confident that SPS token is gonna surge in near future. With more token burn mechanics being added and $SPS listing in major crypto exchanges and building more utility around the token we could see a potential comeback for $SPS in near future..And I hope it does as this is gonna bring joy to all who have invested in $SPS heavily..cheers $SPS to moon...:-)
Have your Say on $SPS will it bounce back???
What do you think, are we going to see a bounce back for $SPS or not? Is it going to 1 cent? What is your overall strategy for $SPS. Let me know your views in the comment section below... cheers
#splinterlands #sps #land #investment #nft #game #play2earn #web3
Image Courtesy:: splinterlands,
Best Regards