Down a quick $1.3K in less than a week just on SPS
The sudden loss of $1.3K in the value of your Splinterlands tokens within a week could be attributed to several factors, many of which are common in the cryptocurrency market
Market Volatility: Cryptocurrency markets are known for their high volatility. Prices can experience rapid fluctuations due to various factors such as market sentiment, speculation, and external news events.
Token Utility and Demand: The value of Splinterlands tokens is closely tied to the utility and demand for the Splinterlands platform. Any changes in the platform's popularity, user activity, or perceived value could impact the token's price.
All time low trust in the team: Not seeing any gains in this first part of the bull market seems to have triggered people to take their bags and leave the game. I saw some big sells after the team is yet to bring on any new players unfortunately. The question still remains if we will be able to do this.
My card values had a big drop as well. Volatility is a big factor but I have yet to seen it this big. Hopefully the team has some things up the sleeve to better stakeholder trust.
congrats
you have a lot sps in stake 😱😱
Thank you! I am a big fan of the game, however I hope they keep providing value for me as a stakeholder. Else I feel the need to take some of the top unfortunately.