Why is SPS Falling In Price?

SPS has been on a pretty steady decline and has fallen below the $0.50 mark. Right now it seems like the hype around Chaos has died down a bit. I think all the SPS have gotten their fill of VOUCHER and packs so they are dumping their tokens on the open market. I would be doing the same thing if I had an abundance of token and filled my pack goals. Sell their token makes their splinterlands chaos investments risk free and that's the best type of investment.

For me it does not matter too much because I continue to just stake my SPS to earn more VOUCHER tokens to buy my packs. I wanted to get to 100 packs before the pre sale ended, but I'm getting slightly less that 2 VOUCHERS a day which means I need to buy some on the market. I have been waiting for their price to also decrease as whales unload their tokens.

If SPS dips much lower I'm actually considering moving some hive over as I think splinterlands is a long term investment as I believe in the current team.

We will have to wait and see where the market takes us, but I'm ready to move some money around!