[24/08/2024] SPS Market Cap Surge: A New Milestone or Just a Bubble?

in #splinterland3 months ago (edited)

- - - - - - - - - - - - [24/08/2024] - SPS Market Cap: A New High or Just Hype? - - - - - - - - - - -

SPS Market Cap Image

Key Points:

  • SPS (Splintershards) is closer to its all-time high market cap than many realize, needing only a 10-13 cent price to surpass it.
  • The token's supply has massively increased, making it harder to reach the previous price high of $1.
  • Despite the potential, the increased token supply and ongoing inflation pose challenges for sustainable growth.
  • The recent rise in SPS may be fueled by new or returning players rather than in-game fundamentals.
  • Caution is advised: The speaker highlights the importance of understanding market dynamics before expecting a repeat of past price highs.

"SPS on the Rise: Market Cap Milestone Ahead? Share your insights in the comments and upvote the most compelling ideas!"

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