I haven't been paying much attention to SPS lately. I just see it going down in price. Maybe because there are so many ways it gets created - rewards from battles, interest from staking, payments to license holders. So lots of new SPS but not much of a reason to hold it. I think it would require millions of SPS to move a governance vote, which most people do not have.
Now with DEC, I see there is talk of using it on Land, when the Land functionality comes around. Plus, you do get $1 buying power from 1000 DEC even if you can buy it for less than that, so I don't see it going down much more. I'm not sure what keeps SPS from going down more. But I still have tens of thousands of SPS staked and I am not planning to unstake the majority of that. So I hope you're right that SPS
will increase nicely in the future
and if you hear any good news about new use cases for SPS I am sure I will read about it here in your amazing blog which I read Every Single Day!
I wish you all the best, and good luck with all your tokens! :)
Hi @kenny-crane
It's true that the SPS price has been falling and probably it's because now we can earn sps through various ways. Also a big number of tokens are given through airdrop but I believe once we have lands live and if SPS gets listed in Binance then we can see better prices. No sure ty for sure but lets if this happens and may be later on team think of burning SPS. I am buying at this price with the long-term mind set.
Hope you are having good time.
Thanks for your excellent reply!
I just looked at the SPS chart and it is looking good for the last few weeks. It is holding its value, not going up or down. That is a good thing, since most other crypto is going down right now. So maybe we are at the SPS bottom. If the team adds more use cases then that will be great for SPS. I think it's a good time to hold or buy SPS and I think with a long-term mindset like you have, this will be a good investment.
I wish you all the best!
You made my day by saying that the reply is excellent. You're my mentor in the game and I learnt a lot form you.
As you said price seems stable which is a good sign. Even in the last town hall they mentioned about the Binance listing. We are in bear market and it's time build as you never know if bull cycle can push the price by multiple x.
Thank you so much