@CryptoLemon 7 September 2021

What is the total Splinterlands cards marketcap? Next move: Up or down?

Hello HODLers and Summoners, **Yesterday, I looked at the SPS token, the Splinterlands future governance token and its diluted marketcap at the current price.:** **What is the actual Market Cap of Splintershards?** https://leofinance.io/@vlemon/what-is-the-actual-market-cap-of-splinterlands Today, I wanted to check out the Splinterlands Cards Marketcap and so I went to their discord to use the !marketcap control in order to pull out the result. **10x from June, not bad !** It is now around $200mn and it has been kind of stabilizing around this number. In the current world of Crypto we seem to think $200mn is nothing but it is quite a sizable company market cap in the equity world. **The entire HIVE blockchain is currently valued at $284mn AFTER the recent pump.** **I have read a few writers mention that they have been selling their cards ahead of the new cards extension, worrying that this inflow of new cards might bring prices down.** Notably this one from @tarazkp called: Giving up on Splinterlands https://leofinance.io/@tarazkp https://leofinance.io/@tarazkp/giving-up-on-splinterlands It hasn't been the case until know even if price have been retreated a little bit over the past 48 hours. And I know many new players have been signing up to buy the Spellbook and start farming some cards/DEC but these players are for the majority from low income countries and since you can make up the 10$ paid for the spellbook in c.15 days, it makes sense for them to farm DEC and maybe get lucky. I have created an account recently and have already collected 2.2k DEC (got lucky) and had some cards dropped. My total rewards are probably c.20-25$ playing inconsistenly. **I do not have time to farm for such low payout but I imagine this kind of return for many countries and with many accounts do make sense and could have some sell pressure on the overall price of cards.** So I truly hope prices continue to go up, but I would warn players with huge stakes to beware of falling prices. In this mini-serie I am writing we have: SPS diluted Marketcap: $1.1bn Splinterlands Cards MktCap; $200mn Stay safe out there and keep loving your journey ! **Latest Analysis** What is the actual Market Cap of Splintershards? https://leofinance.io/@vlemon/what-is-the-actual-market-cap-of-splinterlands This time, HIVE is pumping with other cryptos ! https://leofinance.io/@vlemon/this-time-hive-is-pumping-with-other-cryptos Game of DeFi Throne - September Update https://leofinance.io/@vlemon/game-of-defi-throne-september-update