In this video, I discuss whether or not SPS has truly bottomed out considering the increased demand we are seeing in the rental market following the launch of Conclave Arcana reward cards. While it seems we may be entering into another bear market, Splinterlands is somewhat decoupling in the sense that SPS demand (from a rental perspective) seems to have increased due to gameplay rewards. This is a huge shift, and one that I believe we are only in the beginning stages of. Combine this with the fact that the mini set will be out at some point in Q1 and could potentially scoop a lot of SPS out of circulation and I think that actually puts us in a great spot.
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Sps and Hive seem to be holding up better than Etherium in the current environment. Not sure that we can hold on like that if Bitcoin keeps dropping. If we get into an extended crypto correction or a real crypto bear market, then I feel that SPS is going to retest the all time lows.
Holding well is relative. SPS and Hive are pretty close to their all time lows lol
Here is SPS vs ETH in the last month...
I guess SPS is so beaten down that it resists going down with the leaders of the Altcoin market...
This is just a correction, not the start of a bear market imo
Hello Aftersound! I'm also optimistic about the rest of the year for SpS, because I think the introduction of the new miniset will have a fundamental impact on the price of all tokens in the game, including the price of land resources. Best regards.
!BBH