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RE: Trying to see more clearly...

in Reflections24 days ago

I think what we are seeing now in crypto market is a period of consolidation where we chop around for a while after big run ups since 2022.

Splinterlands is at an interesting place right now. Assets are super cheap. Take SPS for example it is getting close to half a cent once again. We are at 2 billiion plus tokens released.

Almost a billion tokens is locked up in DAO, Almost a billion is staked! And only 100 million tokens is liquid. At half a cent it is only around $500k

All it would take is one whale to buy up the whole float and pump Dec before the new set is released to kick off a major rally.

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Hurry up and wait seems to be the name of the game no matter what asset you are talking about.