There are only hours left until the release of Chaos Legion, which investors and players are eagerly waiting for. Hours later, the Chaos Legion will be released and the second pack sale event will begin. In these days of Chaos Legion excitement, SPS price is trading close to the dip prices. So in which direction can the SPS price move in the coming days?
SPS is currently trading at $0.33. It has a solid price support at $0.3. Although this support was tested yesterday, it could not be broken. Buying SPS below $0.3 could be very profitable, but it seems very unlikely. So I think it will be profitable for the future to invest in SPS between $0.3 and $0.33. Crypto markets started to recover after the sharp fall. This is during the recovery period, SPS could move higher, starting a new uptrend.
I already have an investment in SPS, but I still think it will be profitable for the future to invest at these prices and increase the amount of SPS I have. I bought some more SPS for around $0.33 today from LeoDex. I could have expected it to drop a little more for more profit, but I guess I'm a little hasty in investing in SPS.
I can also say that staking SPS is still very profitable. Currently, SPS stakers continue to earn with 45.93% APR. Also, Voucher tokens will continue to be distributed to those who stake their SPS after tomorrow. 1 million Voucher tokens were distributed at the Chaos Legion pre-sale event. Voucher tokens were traded between $15-20 during the event period. I really didn't expect it to be this high. In the next 30 days, 2 times more Voucher tokens will be distributed, which means 2 million. In addition, Voucher token distribution will continue after 30 days.
It is great to both earn SPS and earn Voucher tokens by staking SPS. That's why I think staking SPS is pretty lucrative. But I think the price of Voucher tokens will go down, judging by the price during the pre-sale event, I guess Voucher tokens will trade between $8-10. This is just an estimation package purchase demand will vary in price. If the demand is high, it can rise to $20 again, but if the demand is low, it can decrease to $5. But I feel the demand will be high. Currently, Voucher tokens are trading at $14.75 on Hive-Engine and LeoDex. Even when we look at the current prices, it seems that staking is quite profitable.
I can say that Splinterlands is one of the most lucrative and best NFT games in the crypto market. And right now, investors and players are experiencing the excitement of Chaos Legion, and the official launch will begin in about 10 hours. A lot of them are focused on Chaos Legion packs so investment in SPS may have decreased. I think that investments in SPS will increase in the coming days and SPS will start to rise again. In the coming days, $1 may move towards. Although, since I am a long-term investor, I want the price to drop more to invest more. I feel that SPS will reach $10 in the future, maybe even move higher. Until then it would be great to increase my assets by staking SPS.
Posted Using LeoFinance Beta
