The only reason SPS went up is because the new miniset proposal set an arbitrary price of 0.14$ for SPS, so there is some speculation of people buying now hoping they can dump for a bit more later on as there will be some demand from people that will buy the set. However, all of this will just suck even more value out of existing cards.
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Well, ser probably that's the case as well.
After watching all the chit chats happening within the community, X and other forums, there are lots of debate going on with the new set release. That's something the team and community shall decide.
Also, yes the more release of cards will eventually decrease the value of some existing cards but I suppose this will probably keep on going because there should be a way to keep the funds incoming.
Also, IMO there should be effective ways which needs to be created to bring more value to the existing cards. Afterall, every investor matters! And I am sure the Team is doing their best to make it happen!