In this video, I discuss why the recent spikes in Splinterlands spell book purchases is a major bullish sign.
Since the election last week, Bitcoin has started getting into price discovery mode and finding new all time highs. In that same time frame, we have seen interest in Splinterlands start to grow as spell book purchases have started to tick up ever so slowly.
Now in a vacuum, this may not seem like a big deal. But understand that the Free To Play aspect of the game was not launched until this week - a full week after the election. All of the interest that was coming in and buying spell books was indicative of potential players riding the bull run hype.
Combine this growing up with the new free to play aspect where people will be able to try out the game before spending a single penny and this is where things could get interesting. We already know that many people come to check out the game and even sign up but never take the plunge to buy a spell book. Now that they'll be able to sample a good chunk of the game and actually progress before being asked to spend any money may push that conversion ratio into a significantly higher level.
It is still early days in this bull run and many are expecting it to fully take off once we start the new year in 2025. There is plenty to be excited about though as we know the Splinterlands team has a lot of things cooking in the oven right now including Land 1.75, Glamour, Hardcore Mode, and the mobile app.
Buckle up because we're just getting started.
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