Community, Splinterlands, SPS Realm....
Some of the crazy times has been going on in crypto realm. The volatility of the entire market has been a pleasant scenario to watch. It has been a prediction for such a long time and as time is passing by, we are approaching towards that golden moment of halving. Which will probably take the whole of market towards the peak that we have talking about during the bear market. Apart from that lets talk about what is happening in the land of Splinterlands.
I have been getting nervous about Splinterlands for the last couple of days. Not that I am being paranoid but about the fact that I am all in on Splinterlands. As a matter of fact, its quite the opposite. As there are very projects on HIVE, which can make me go all in. Splinterlands has been by far the best project which really made people see the true potential of play to earn prospect. I am quite fascinated from the team who have made a lot of improvements into the game and they have been doing a lot to make the game as interesting as possible. The new land initiative has taken the game by surprise. I must say, a lot has improved over the last couple of weeks.
Splintershards
1,179,430,205 The current supply of SPS (staked, circulating, DAO). The marketcap of SPS is $ 35,911,645. Which is compartibly low for a play to earn game. With the current market price of SPS, this MC does not really seem enough for a token such as SPS. Although, there are numerous facts which is holding back the price of SPS in broader market. The community is taking part in that sector. Making different proposals which might affect the price of SPS in the coming days.
The next big thing will really surprises me is the burning mechanism which has been going on for SPS for the last couple of days. Apparently, 34,759,524 SPS has been burned for DEC. That is a crazy amount of SPS which has been burned for another currency in game. That is little over 3.2% of all SPS has been burned. The number is increasing everyday as we speak.
The community has supported and disregarded various proposals over the last couple of weeks/months. But this was approved and I think the next big proposal which will come out would be the listing of SPS in a tier 1 exchange. This MM would probably decide the fate of the next proposal. Although the passed proposal was :
the SPS DAO will contract Flowdesk to provide market making services for the SPS:USD trading pair on Crypto.com. The SPS DAO will provide 20,000 USDT and $20,000 worth of SPS for trading liquidity, scheduled to be returned upon contract completion, as well as allocate $42,000 of USDT for 12 months of service fees
I am honestly, going to look over the above proposal effect. As if plays out well, we might see some positive sentiment among the whales to get SPS listed into any tier 1 exchange. If I being honest, they do have their doubts because they have their skin in the game than most of us combined. Which does makes them to worry about any sort of dumpings which might really affect SPS and the game itself. Which is why, I do want to see how the Crypto.com MM works out by paying those folks.
SPS is holding the price above $0.030. It is a really good sign. I am hoping to see SPS at 10 cents in the coming days. Although, the sky is just the limit, SPS can do wonders in a good bull market. Lets see where we can go in the coming days!
Best regards
Rehan
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