Good morning Splinterfriends!
Or is it?
I think so...
Many of us have readied some saved up SPS to burn for the Conclave Arcana Pre-Release but unfortunately... after the initial price spike, $SPS has fallen off and DEC is hovering near Peg.
Looking at this chart, I am wondering - will $SPS reach a high enough level for me to feel comfortable burning a large chunk of it for DEC to spend on the CA Prerelease?
Even cutting out the "noise" on that chart by zooming and focusing on the last 2 Years of "Weekly Candles" you get:
The only issue with this chart... is the time remaining for the CA Pre Release...
But hey... that's the WEEKLY $SPS Chart... What about the Daily... that's better right?
Well... shit... We need to see some MASSIVE FIREWORKS to really get this moving in the right direction... so here's what needs to happen...
First - AT ALL COSTS... the White Line of Support at $.01 must hold - that fails... and burning $SPS for CA Prelease is just stupid. I'm not a big enough whale to afford that.
Second - hitting the Red Line is getting back to the $.014ish level Resistance Line...
Third - Yellow Line is the next Resistance Level at $.016ish
Fourth - Green Line is a long shot at this point but that would put $SPS a little over two cents, around the $.025 level...
Unfortunately... it is a race against time... and time is running out...
The "good news" is we need a "relatively" small amount of funds to move the needle that far...
The Total Market Cap for $SPS is currently $26,880,xxx which means to double the $SPS value, we need another $27 Million $USD... and that puts us at $.0195...
Which is close enough to $.02 to burn some $SPS and buy in to the CA Pre Release... ideally... we would see $SPS over $.03... but that seems like an impossibility at this point... Le Sad.
I bought another 20k $SPS today though... in an effort to help hold that $.01 Line... I hope you pitch in, in whatever capacity you're able to do so... and may the odds ever be in your favor!!
That's all I have for you today folks!! Thank you for reading and I would LOVE for you to join me in game!!
Naturally, after everything leading up to this moment, I believe Splinterlands is one of the BEST web3 games out there!
It brings the #play2earn feature to the forefront of development as well as many opportunities for people to earn rewards - whether Player or Investor!!
If you're interested in the future of gaming, it's worth checking out!
You can sign up here: Splinterlands
Cheers 🍻,
- CaptainDingus
#Splinterlands #Hive #ConclaveArcana #Presale #SPS #DEC #play2earn #web3 #NFTGaming #Rebellion #Conflicts #SurvivalMode #RentalMarket #CardRentals