If you didn't notice the Splintershards (SPS) price mooning in the past two months (+230%) probably you've been living all this time under a rock. While in this period SPS was hovering somehow constantly around $0.006, we are seeing now the price getting over $0.014 which means it more than doubled its value. And the good times are yet to come considering that Conclave Arcana, the sixth core set of cards in Splinterlands, will have its Presale launch on April 22nd. I expect with this launch to witness also a strong marketing campaign and see Splinterlands assets pushed up with Splintershards leading the way.
There are quite a few reasons why the SPS price going up is a good thing, and even more reasons why I’m holding tight and staking more when I can. Here’s what I’ve noticed:
Over 134 Million SPS has been burned
We all know that the SPS (Splintershards) total supply of 3 Billion was unsustainable. This was set at the hype of the bull run cycle and it was a mistake. But since than over 134 million was burned, leaving 2.86 Billion as total supply. From that we have 981M+ SPS staked and only 1.49 Billion circulating. Still big numbers, but scarcity is starting to build. The momentum is real and next period will prove that... or not. 😀
Conclave Arcana pre-sale launches on April 22
With the new edition cards, we'll see how the game is positioning itself. I am not sure if any of the revenue will translate into burning SPS, but what I know is that when the regular sale launches it will have allocated 15,000 Sale packs threshold per day. If that doesn't sell, 90% of the packs will get burned and 10% will go to sps.dao. This will keep the scarcity of the cards in place, something that wasn't done in the past and affected the entire Splinterlands economy.
Daily staking rewards and overall value increases
While the SPS price improves, I’m still getting the same amount of daily rewards, but now they’re worth much more in USD. That’s free value stacking up every day at 10% APR just by staying in the game. It gives me even more reason to keep staking.
Increased attention on the project
A price jump like this brings more eyes on Splinterlands and SPS. People love FOMO, and if the trend continues, we could see more users and buyers jumping in. That helps the whole ecosystem grow. And the moment is quite right with the Conclave arena launching in 3 days. We should see great appreciation if things play right.
Confidence to set bigger goals
I’ve already started thinking about raising my staking goals. If SPS holds or goes higher, it just motivates me to play more, earn more, and keep stacking. It’s that kind of positive cycle I like to ride. I confess that I was depressed about Splinterlands in special and crypto in general, so maybe the tide will change and more optimism will be built around the game. It needs it and also well deserves it.
I've always thought that the Splintershards (SPS) price is undervalued. I even wanted to throw $10,000 at it as a future investment, but it was quite a high risk form me considering that I am in the middle of some personal real life investments. But if I would have done it, now for sure I would have thrown a party ;) All in all, this price move is a big win for everyone who stuck around during the low times. I’m excited to see what happens after the Conclave Arcana presale on April 22nd. If the hype grows and SPS keeps leading the charge, it could be the beginning of something even better. For now, I’ll just keep holding, staking, and building.