Crypto Analysis | SPS 10 Cents Still On The Table?
Time for an update for SPS
The last one was in February and back then things looked pretty promising. Conclave Arcana was about to get released and SPS started to get burned for DEC. The good news is that the newest set was a massive hit with over $2M in cards sold and recent statistics showing thousands of active players. The team has also constantly shipped new features and the game looks as good as it ever did. The mobile version is also out and the new player experience is quite good. But what about price?
In February I ended the post with this chart:
Overall, I think it was a pretty good outlook: the big price increase actually happened and the expected rejection as well. It's just that the resistance was greater than I had hoped.
So price is now back to the minimum support and it's still unclear whether it will hold or not. If so, I would expect a bounce and an eventual overturn of the resistance. Since we are still in an overall bull market I am sticking to this scenario (if price drops below support,it would be a bit shocking). Since the game has even improved its fundamentals I think we can expect a continued uptrend until the end of this year (at least).
It could look something like this:
Conclusion
Even in this bullish scenario and around a 3x reaching the 2+ cents area, the general performance of SPS is not exciting. 10 cents used to be a reachable target, but now it seems quite far away indeed. I think there is a chance for a 2026 ALT run which would be around the middle of that year. If so, we could see SPS reaching higher and perhaps even coming close to 10 cents - but it's likely not going to happen in the next months. I suppose this would be the most bullish case I could envision:
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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Thank you for mentioning the SPS token, a token I'm particularly fond of. I'll leave the SPS chart set for one year at the bottom of this comment. Considering what happened to Bitcoin and what's happening to Ethereum, it makes me wonder if SPS will reach its all-time high again. It will likely be able to return to the $0.010 level, but going beyond that, in 2025, seems difficult. !LOLZ
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even in 2025 I think it will be quite a challenge, perhaps 2026