Market Dump Affected Sps Price Badly
Hello beautiful people I know you are not feeling well and it is because of the market. splinterlands users are sadder than the hive holders because we can see how bad sps price is dumping. Of course, this is a bad phase for the Splinterlands users but the team is still active there. There are several reasons behind the bad phase for the splinterlands assets.
Last bear season was the one that affected us the most and we also have to admit that the team made some wrong decisions too but later they improved those mistakes which is a good thing and we should support the team. We can see the gaming industry is the one affected most in the last bear market. You can see what happened with axi infinity and also many games have already died.
Actually, the blockchain gaming industry was not ready for this big dump. splinterlands is the one who provided the biggest ever airdrop for the users. Whales have taken the full benefit of this airdrop and still, they are selling their assets. And the result is sps price dump and when will this stop? I can't say but we can expect something good from the alt coin season.
Current SPS price
When you sps dashboard in Splinterlands, it shows a 0.01 USD price but is actually lower. The current price of SPS is 0.0057 in the hive-engine market. The SPS coin has been going down for a long time and I have also talked about the reasons above. Currently selling at this price is not a solution.
I have seen many people exit from the sps market at this price. So you built your portfolio to sell at 1 cent? of course not so it is better to hold sps and other assets and focus on playing games so you can increase the assets quantity. You can earn sps, soulbond cards so always play splinteralnds and save yourself from selling assets.
My SPS Holding
Currently, I have 100,823.899 SPS that worth 593 USD. I am not buying sps for now but I am accumulating sps tokens and also soulbound cards. It took 1 year to reach 100k sps staking for me and now I am not buying sps but accumulation is on here if you are concerned then do not worry and just hold. If you sell now then later you will regret it and, of course, this is not financial advice so take it as a suggestion and the decision is yours. I don't have any specific target of sps so I can't tell you.
So I hope you liked this information new users join splinterlands under me the referral link is below. Please share this post on social media and do a comment below have a good day.
Thank you
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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