Many might have doubts, but I am still believing in Splinterlands and its potential for new golden days. There are so many others play2earn games which are at light distance from where Splinterlands is. In addition to being a pioneer in the blockchain gaming and gamefi features, it is an entire ecosystem supported by an amazing Hive community. The bear market surely put its mark on the team, but I think that if things will play out as planned, this bull market could add more fuel in the game treasury and who knows, maybe even induce a mass player onboarding which could retrace the $1 price point for Splintershards (SPS). In the previous bull run SPS got up to $1.07, so the possibility of getting back there is not out of this world.
In order for Splintershards (SPS) to get back to a valuation of $1 (which by the way, means x100 from the current value of $0.01) there are some things that need to get aligned and others to happen.
NFT market already shows improvements in this bull run
The NFT market has seen increased activity and higher valuations in this bull run since going to unheard lows. If Splinterlands capitalizes on this momentum by offering exclusive and sought-after NFTs through Auctions and nothing else, it could draw new players and investors. The light spot taken by NFTs could act as a mean to bring back players which would buy packs and cards to be competitive.
Altcoins are rising, but are yet to reach their full potential
Altcoins are experiencing upward trends and even new All Time Highs, signaling growing interest in the entire crypto space. As hype, but also confidence grows in smaller projects, it could spill over to GameFi tokens like SPS. This momentum can lead to a renewed interest in blockchain play2earn games as users look for diverse investment opportunities.
Splinterlands need to develop more game modes
Adding fresh game modes could keep the current community engaged and attract new players. The announced Survival Mode should diversify the experience and create more action and even demand for assets like SPS. Stake more SPS, earn more SPS - this ripple effect might push up the price with a speed that we've never seen before.
Splinterlands needs more scarcity for cards and packs
Scarcity can drive up the value of Splinterlands cards and packs, making them more attractive to collectors and players. We are in a good position with Rebellion packs being sized properly and that might get depleted pretty fast if onboarding skyrockets. Second market will kick in and OG players will finally get some returns on their investment. The entire ecosystem will explode and everything will be pushed to the max.
Splinterlands needs a strong marketing push
For Splinterlands to regain its former glory, a large-scale marketing campaign is needed. Engaging influencers, organizing tournaments, and showcasing success stories could spark excitement among potential players. A well-executed marketing strategy could act as the fuel to catapult the game back into the limelight. Ads are imperative for a strong marketing push.
Splinterlands has the foundation and history to thrive in this bull market, but it needs to act boldly and strategically. The NFT resurgence, altcoin rise, and game evolution could be the catalysts for its revival. While retracing the $1 SPS price point is challenging, with the right efforts, it's not beyond reach. If it was me, I would risk it all. If not now, then when?
Here you can Join Splinterlands as well and Fight the Good Fight: https://splinterlands.com?ref=sm-goldies
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If it does... SPLINTERFEST 2 - Bull Run Boogaloo will most certainly happen!!
$1 SPS will be insane that i cant even comprehend that reality :D
A lot of people doubt the potential of SPS or other splinterlands assets or even Hive and for reasons known to then. I want to believe the market will pump most assets in the Hive ecosystem, and SPS can easily do x20 from here.
I think the strong marketing push is the biggest thing for pumping SPS value. I believe it can pump up to 20x from here. But without Coinbase listing I don't see 100x from here happening this bull run.
Thanks for sharing! - @mango-juice
$1 e ceva de neimaginat. Abia astept.