SPS fall down 45% from Top AXS rally 45%: Reason liquidity in markets
Hi #hive community
Splinterlands Season ends and it was not very attractive and almost SPS price become half
The Price of SPS fall down so much and month by month liquidity increase since token suplly of 300 trillion What price range will it be stable and at the same time DEC is increasing day by day. Big whales are now dump this season.
May We see price fall till 0.354 untill we list on any big exchange and then after consolidation we will rise again.
#burn mechanism, I guess it is advisable to implement burn mecahnism in the token or buyback mecahnism like bnb to attract investor and rduce the tornament reward price since that is going to only few players and doing this from small to medium player each player will get benefit and system is more diversified.
SPS is listing continously in new exchanges as well ut still price is not sustainable, this make sue whales are dumping the SPS.
AXS touched 164$ high and AXS have a 1/4 supply of SPS so we expect Te Price of SPS should be around 2$ and we are lagging far in market, what we are missing in our community.
Comment below and suggest
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The market price of sps I believe is still early to panic. Slow and steady will somehow always win the race.
These are early days so there's more to come in the splinterland sphere. A 20$ sps won't hurt that much in the future lol.
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I love the future with SPS 20$ 😁
🚀🚀🚀
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You see what I said The Price is already touching the floor with 0.44$ and once the chao legion ends it may bottom out somewhere with o.35$ in sluggy market.
That's very possible.
The crypto market can be a crazily interesting place tbh... No wonder I don't like trading that much. .
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The beginning of the 'big whale dump' was right when VOUCHERS started to come out. My perception is that whales had been stockpiling to see what the emission rate would be and then sold off the amount they didn't need to hit the 2000 pack target.
Hard to say though, since 4 week staking cooldown makes for markets that respond very slowly to news or changes.
I wouldn't worry too much about the tokenomics of SPS though. The team has proven design ability, and a lot of experience with what works and what doesn't. If game adoption continues, then SPS will go back up eventually.
BTW the charts you used for SPS are denominated in HIVE, not in USD. You should always do price comparisons between tokens in the same base currency (or if the alternate base has an impact on price, like in this case, then show both charts).
I was expected a down trend mostly hive is steady on a region 0.7-0.8$. Anyway Thanks for your suggestion but I wouldn't expect it was so fast to reach 0.44$
SPS is a fixed supply token, and 50 cents is still a good price if you compare it with 2 cents presale price ,burning is too early for it (From r1s2g3)
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