[24/08/2024] The Rise of SPS: What's Driving the Surge in Splinterlands' Token?

mirko2000 (36)in #splinterlands • 3 months ago (edited)

- - - - - - - - - - - - -[24/08/2024] - What’s Fuelling the Speculative Growth?- - - - - - - - - - - -

Key Points:

SPS (Splinter Shards) has nearly doubled in value from its all-time low, driven largely by speculation.
The recent price surge is not supported by fundamental in-game demand or the activation of the flywheel mechanism.
Dark Energy Crystals (DEC) are still 30% below their peg, indicating that the fundamentals aren't driving the SPS price increase.
The rise in SPS might be due to new or returning players buying the token, which could be positive for future growth.
There is cautious optimism that if the flywheel mechanism activates, the higher SPS price could lead to more sustainable growth.
The speaker emphasizes that while the current rise is exciting, it’s essential to stay aware of what’s driving these changes.

"SPS Surge: Speculation or Sustainable Growth? Got any thoughts? Share your ideas below and don't forget to upvote the best comments!"