Thoughts on the current state of $SPT and future speculation
Speaking of moonshot opportunities available on Splinterlands , SPTis another oversold and undervalued token on Hive engine. SPT is the reflection of the performance of Splinterlands economy as a whole.
If Splinterlands is experiencing a bull market, SPT automatically experiences a bull market. Likewise if Splinterlands is experiencing a bear market. If youāre in doubt check the charts.
If SPS goes to $100 today, thereāll be so much excitement within the economy, everything else will suddenly become expensive, the hype goes around all the token economy, creativity skyrockets and everyone wants to share their latest fire summoner on Splintertalk.io,ā¦..
You can bet that Iāll be diverting a couple thousand dollars made from holding SPS into increasing my SPT stake if that happens, it will drastically improve the value of my upvote power and influence !and! lovely curation APR, just imagine SPT at $1!!!!! And Iām certainly not alone in these thoughts.
Iāve started staking aggressively and I make sure I upvote comments, so thereās some amount of SPT to flow around with my 58k spt power.
Bottom season
People that were here during the 2021 SPL bull run can remember how insane numbers were.
Iām looking forward to how the SPL economy will react to the end of the SPS airdrop before making any moves, Iāll be out hunting for floors and bottoms, packs and everythingā¦.call me the bottom hunter, fun times ahead.
On the other hand, its almost one year since we started to receive SPS airdrop. Around $20million has been distributed and itās been a success so far, Splinterlands is a successful Web 3 venture. If youāre here right now, youāre a winner.
$40 at the present price will double my SPT stake at over 100k spt power, but like I said, Iām looking to see how the economy will react after the airdrop ends before making my moves. I might just be setting a 200k spt power goal before year ends..
The interesting thing is SPT doesnāt even need a some super large demand to moon, plus, its very easy for the wealth made from of other ventures within the economy to trickle down to it, thatās why the token mostly reflects the state of the SPL economy at large.
What do you think?
Thanks for reading.
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