Are we ever going to see $1 SPS?

The price of the SPS token has been taking a real beating recently. It has dropped off from the previous heights it attained and settled at an underwhelming 20 cents range.

For what it's worth, I'm still grateful for the long-term earning it provides but at the same time, I'm extremely disappointed that the value of the token is where it is today.

In anticipation of face-melting pumps during the year, I'm trying to hodl a decent chunk of assets in liquid form. This has led to a reduction in my staking activities.

The issue is that I don't have a choice right now, and I need to take a decent chunk of profit this year and put it into savings. I say this because if we experience any wicked correction right now, my level of exposure to various assets means that I'll end up in a pretty bad position.

SPS is a must

SPS tokens have been extremely helpful for me during the past year. However, in recent times, and I mean a couple of months now, the price hasn't been encouraging.

After trading at levels on the right side of 50 cents, we're seeing the asset slowly head towards 20 cents. I think the token is reacting to the general market condition but it could also be reacting to the fact that a lot of people are dumping it to swap for SPlinterlands credit.

For all the excitement that the general sale brings, it has also coincided with a horrible period for the entire Splinterlands ecosystem. Every asset in the game, ranging from lands, NFTs to tokens has seen their value practically split into two.

Waiting for the right time

In the crypto industry, one thing I know for sure is that my time will always come. It may take a while but it always comes around.

The only question is will you be prepared to capitalise on the situation when it comes around. I'm patiently stacking tokens now, waiting for that moment to come around.

I haven't put any figure on it but it should be something close to $1 at least to make me sell.

Any chance of a listing?

Listing SPS on an exchange like Binance has been the only missing catalyst to facilitate a mega pump in the asset. Honestly, if SPS actually does get listed, we'll see the token price pushing for $5 because of the rapid rise of demand.

At this moment, there doesn't seem to be any push for listing but I believe that will change in the near future.

Note that the essence of SPS tokens is to give investors governance privileges to vote for proposals and the path that Splinterlands will follow.

Well, I reckon that at some point, we'll bring up a proposal for SPS listing on central exchanges. I believe that will be one of the earliest proposals that will be pushed forward through the proposal system and I'm going to vote for it with all of my might.

So, yes there's chance of SPS listing in the near future. It will be a community-driven decision.

At that point, I think we'll see SPS tokens start heading in the right direction in the market. I reckon a $5 valuation for the token isn't far-fetched, especially considering the success of tokens like AXS of Axie Infinity that has fewer players and transactions.

A $5 valuation puts the market cap of SPS at slightly over $1.1 Billion. Again, considering the valuation of other games that aren't even as popular as Splinterlands, it is safe to say that this valuation is a strong possibility for Splinterlands.

The issue now is how long will this take and when it does come around, will you be ready?

It's a Hive thing

This year looks set to be a glorious year for the Hive ecosystem. There are airdrops coming directly to hive holders and then some more for projects like Splinterlands and Leofinance as well.

On top of the Polycub airdrop, we've still not gotten proper information about the Project Blank short content platform that is coming. It's not out of the question to think that there might perhaps be an airdrop for Leo holders there.

SOmetime in December, we were also airdropped Vyb tokens based on POB tokens and that went by very quietly. I've been staking the token from post rewards.

The market doesn't look very pretty right now but there's a bright future on the horizon. All you need is patience and the right timing to make the most out of your situation.

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