Did you see the Splinterlands SPS price also took a hit after today's marketwide drop?
We've been talking about price projections of $10-$20 after everything settles.
Could be a nice buying opportunity?
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I didn't notice that but it could be a good opportunity indeed
I jumped in late so it could be a good time to increase my position
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Isnt the total supply like 2 billion?
Or did I misunderstand some things?
If that is the case you are putting SPS at around $20 billion?
I might be totally confused here.
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As per the whitepaper Max. supply is capped at 3 Billion Tokens. So, $30 billion. 😮
Source: https://sps.splinterlands.com/distribution
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Yeah that seems a bit excessive to me to believe we are going to see $10 SPS.
Even if the game becomes wildly successful, it is tough to see that in my opinion. But markets are funny things.
Perhaps we will also see burns over time.
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My friends believe in this price soon.
I think $10 SPS in a few years might be possible but yea the price right now isn't exactly enough right now.
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But okay based upon what you said I took the few swap.hive I had and got some more SPS.
I am sold on it long term so it will end up higher in a couple years, I am confident on that.
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@dagger212 shared this excellent comment yesterday which is worth a read if you missed it :)
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Now I am confused. I agree with his numbers at 220 million. Yet that is not the total SPS.
As @finguru showed, it is 3 billion. That is more than 10x the numbers he is using.
Still a lot of room to run from 28 cents but $20 seems difficult considering the total available.
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Yes, I went back through the white paper and discovered that even though the airdrop will be done in a year, they will still be releasing SPS for a total of 5 years. Whoops! lol That's why you DO YOUR OWN RESEARCH instead of just listening to morons like me.
So, while the supply is going to ultimately be much higher, I still think that over the time it takes to get there, SPS will do very well. It DOES, however, mean that #Splinterlands is going to have to keep killing it with development. I don't see why they won't but...the tokenomics aren't quite as good as I thought they were.
That said, Axie Inifinity currently has a $4B market cap so....plenty of room to grow.
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Yeah I dont doubt there are higher levels. The question is how high can it go with 3 billion tokens looking at being issued.
We shall see. I believe we will get to a couple bucks at least which is a very nice gain from here.
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Well, the biggest piece to this for me is the fact they are free. You don't need too much upside when your average cost is right around zero. lol I think I bought just over 300 of them for a total of $100 early on to kind of jumpstart the staking. I'm up to around 1700 now for the same $100. Granted, I've now probably put in about $3000 into the game itself (cards, land, DEC, and some SPT) so that is all adding to the SPS as well, but I fully expect that all of that will be covered by the SPS at some point and then some, and I'll still have the other assets with their values for the most part increasing so...we'll see what happens.
As I've said a couple other times, we've got quite possibly the #1 game in all of cryptoland blowing up in our backyard. I'm going to try to take advantage of it. Worst case, just pool DEC/BUSD. Earn some CUB and double your airdrop points for SPS. You don't even need to bother with the game. Stake the CUB in the den and stake the SPS in the game and compound your interest. A small investment can go a long way with 10+ months left on the airdrop and CUB at 52 cents....
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Oh that's a good one indeed
Very dagger-like in terms of quality and depth
Damn, that is, as he said, scary good!
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