As long as the gap between new cards and old cards is this extreme, Splinterlands is pretty much dead. I do believe they have gotten the order wrong of trying to increase the price of SPS with the idea that card values will follow instead of trying to restore card values which would make players more willing to buy new cards which could help SPS go up in value.

I hope the team can sort things out as we seem to move from one blunder to the next atm.

This exactly, every new update and proposal is driving away more players out of the ecosystem while it doesn't bring anyone new in. Hard not to see things get worse first before they potentially get better again.