The question that Splinterlands players must have been asking themselves in the last few days is what is happening with SPS? How did a token that was below 1 cent start to rise more than 100% in such a short time? This is exactly what we will talk about in the content, addressing the factors that led to this rise, how far SPS can go comparing marketcaps and how to get there. If you play the Splinterlands card game, or want to know more about the SPS token, this content will be very interesting for you!
I'll be much appreaciated if you Upvote, Reblogs or give any Tips ( PIZZA 🍕, PGM 🎮, LOLZ 😆, ALIVE ❤️, etc ). Thanks and have good reading! 🍀
[ENGLISH VERSION]
What's going on with SPS?
Have you seen what's going on with SPS? It seems like the closer we get to the release of the new Arcane Conclave set, the more the price of the SPS token is skyrocketing. In the space of a month, its value went from $0.0062 to $0.013, marking a more than 100% increase in the price of this, the main token of the Splinterlands ecosystem. Some interesting details to mention are that this increase in price caused it to advance more than 100, perhaps more than 200, positions in the Coinmarketcap cryptocurrency ranking.
This causes the token to start receiving more attention from investors, because they will start paying attention to the token, causing the upward effect to continue for a while longer as more people join the movement, when they see a token rising a lot in a short space of time. In addition, we will have the DEC effect that is getting closer and closer to happening since 1000 DEC = $0.93. It is possible that close to the launch date of Conclave, when players must purchase the token to buy the Conclave Arcana packs, it will increase in value and reach its PEG of $1 = 1000 SPS. When this happens, the flywheel will start to “spin” causing the added value of DEC to go to SPS through the Burn of SPS per DEC.
This will be an upward movement driven by several factors. First, by the players themselves who want to accumulate more SPS because they believe in the future of the game or because they need to increase their SPS bonus in Stake. Second, by investors who will have contact with the game token due to its increase in value and achievement of rankings on rating sites. Third, the massive purchase of DEC by players to get the new cards in the collection. Lastly, we cannot forget that we will still have the big marketing campaign.
Marketcap: How far can SPS go?
Source: Coingecko Marketcap Tool
As the price of SPS fell significantly over time, going from $0.50 per token to less than 1 cent per unit. This caused its marketcap to suffer significantly, after all, the token had a limit on its supply, and the inflation of SPS tokens was greater than the demand for it, due to the lack of players. But with the changes in the game, the modernization of the design and the marketing campaign, can it once again become one of the leaders in the web3 gaming market?
Well, using a marketcap comparison tool from Coingecko, if all variables are positive and the result is incredible, we can imagine Splinterlands reaching a fraction of the marketcap of the main Axie Infinity token (AXS), which would mean a 58x increase if it reaches $0.74. However, this “may” still be a distant reality, but Splinterlands is also progressing towards its blockchain just like Axie did…
Source: Coingecko Marketcap Tool
If we are more conservative, considering that there was a great inflation of the token and that the community was not able to absorb it, we can compare it to SLP, which was Axie's reward token and unlike SPS which had a limit, SLP is infinite, which theoretically it would make it worse in terms of value. In this case, if SPS reaches Axie's market cap, we can expect an 8x growth, which is not as far away from happening as it would be with AXS.
Survival and Wild could be the way to go!
How can Splinterlands reach this new level of marketcap and unlock this great appreciation for their game? The answer lies in the past and they know what it is. The success of splinterlands in the beginning was that players got great rewards by playing the game at the beginning of play to earn, that is, they played and received a good amount in crypto which made more players become interested.
The more the token goes up, the more players will naturally promote the game and the earnings they earn from playing, making people who receive the message curious to learn more. One example was HossainBD who shared his earnings in Survival Mode on X, receiving $25 in one day. Remembering that this is with the SPS at $0.01, now imagine if it reaches $0.1 how much money this and other players must unlock for themselves. In addition to this, there will be a large marketing campaign that will certainly use this situation in favor of the game, replicating past success.
