Hello Splinter- and HIVE fans..😁..
Hope that you are all doing allright in the #cryptocurrency and #playtoearn #gaming universe...😁
As a long time Splinterlands player, and investor, I am always following the price of different assets closely...like for example the SPS token, the Splinterlands governance token...
The SPS token has been on a steady decline for quite some time now, but maybe...just maybe...SPS could finally have been bottoming out...
Screenshot from coinmarketcap.com, SPS monthly price activity..The price of the SPS token has lost aroung half of its value in the last month...if we go to the three months chart, things look even worse🙈
But finally, volume seems to picking up again, and within the last few days, price have begun to increase again...
I am very well aware of the mechanics, that have put a pressure on the price...for now, the only reason to buy the token is to stake it...And there are many good reasons to stake SPS...high stakes tournaments for example will require a big chunk of SPS staked to participate...So my guess is, that right now, long time SPS HODL'ers are buying in, as we've just passed halfway in the SPS airdrop program...
In my opinion we are very well under the fair value of this token, especially if you compare with other playtoearn games, games that haven't even reached half the way that Splinterlands has...I am definitely going to be buying...and staking in this period..!!..
HIVE price..
The price of HIVE has been declining lately, following the rest of the cryptocurrency assets, Bitcoin setting the pace...
In my opinion, HIVE is getting very cheap at this point, considering the user base, the DAPPS that keeps getting evolved in the HIVE cryptospace, HIVE has the best community of developers in all of the crypto universe..!!..
Screenshot from coinmarketcap.com, monthly HIVE price action..On the chart above, it looks like HIVE is also beginning to bottom out at this point....I am very aware of the fact that BTC is generally setting the pace, and I'm watching the $30.000 BTC mark very closely....at this point we have just bounced of the mark, starting some kind of relief rally....but I'm pretty sure that we will test this area again soon...This will probably put HIVE price around $0.75...This is a point where I will be ready to convert my HBD savings to liquid hive....expecting to be able to convert back later on...with a decent HBD profit that will go back in savings...earning an interest of 12%.....But we will see how everything plays out...
Well, that was what i wanted to share with you today... Hope that you enjoyed...
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If you liked this post, please feel free to upgoat, follow and reblog..🌻Posted Using LeoFinance Beta
Hope that Hive will stop falling soon
I think that you are right 30000$ btc is a key point. I'm on the sidelines until direction confirmation😀
Yay! 🤗
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