When we see the prices of Splinterlands assets and Hive then they were dumped very badly and on the other side when you see Bitcoin it is still close to its all-time high so why splinterlands assets are dumping more As soon as the Bitcoin price goes down little? This is a concerning thing. I’m not the expert here I may be wrong but I would like to share my opinion so here we are going to discuss three important aspects.
Hive Price Dump
The average price hive was 0.3 in 2023 and also at the beginning of 2024 and it is saddening that the hive almost came back near to 0.30 again While we compare with the BTC dump then this is not ideal to see. I mean hive dumped like hell while Bitcoin is still trading above 60k. So this is where the panic thoughts come. However, the good thing is recently hive has shown some good upside moves along with BTC. It also went above 0.5 But this sudden dump was really dangerous and it was harmful to the splinterlands assets however I am not spreading panic but we have to think about it that this could be a reason.
Altcoin season is yet to come
The hive price dump was negative but one thing is important, the altcoin season still has not arrived because when you check top gainers in recent price jumps then there are more memecoins and some major altcoins of the cryptocurrency market, and yes Bitcoin. Barring them, none of the coins have been pumped as much as they are in the Alt Season. So if you are in a panic then don’t panic and wait for the alt season and hold your coin this alt season will definitely help the hive price to climb up and this will affect positively the Splinterlands assets too so yes splinterlands assets will benefit from this alt season.
Also, Bitcoin halving is almost around the corner so whales are accumulating more bitcoins that is why we are seeing correction. in the bull season, healthy correction always comes so that is why you don’t need to worry about it because the next price jump will be bigger than the current one.
SPS Binance listing
In the recent town hall, Matt announced the SPS node validator license full release and then maybe they will work for the sps major exchange listing. But some users are against this and they are demanding sps listing on major exchanges, especially binance. So they wanted to list sps on the Binance exchange by using DAO fund so that in the upcoming bull season sps gain momentum. When you check the tokennomics and tavern in the Splinterlands discord channel you will see that many users are against this move and they are just getting impatient to list SPS to the Binance exchange however listing is very important but at the same time working towards decentralization also very important so sps node validator license should go live.
I also hold sps node validator license and currently, I’m getting a daily reward from the license but I would be happy if sps node validator license went live and Splinterlands would be more decentralized which would create value this is the next big move in the game. I am also in favor of exchange listing because this will push the sps value to the next level anyway share your opinion and share this post on social media share your thoughts in the comments.
Thank you
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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