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RE: Will SPS token be the next AXS?? Talk about expectations for the future of Splinterlands

in Splinterlands3 years ago

I'm really bullish on SPS too, but need to keep things in perspective. The total number of tokens for AXS is capped at 270,000,000 (only 58 million in circulation currently) whereas SPS has a total cap of 3,000,000,000 (or about 10x as many) with 220 million in circulation now. Just based on the 10x difference in total tokens means it's highly unlikely SPS ever matches AXS price on a per token basis. If SPS were 10% of the price of AXS, that would make their fully diluted market caps nearly identical.

The Chaos Legion presale will be a good indicator of how much demand there is going to be for SPS. I'm expecting SPS to hit at least $1 each by the time the presale starts and everyone is staking their SPS while the liquid availability dries up.