In this latest video of mine, we take a deep dive into the Splintershards (SPS) token and likely future price movement.
As a pre-cursor to this video, I highly recommend you check out one of my previous videos on Market Capitalization so that you can understand some of the concepts within this one. You can check that one out here:
At the current price ($0.26), we’re likely going to see some relief between now and $0.22. The distribution schedule simply adds weight to this analysis. Currently, the circulating supply of SPS is only 326 million, which is only 11% of the total SPS planned to be distributed throughout the schedule (for a total 3 billion tokens) over the long term. We should see a dilution of value over the long term because of the excess supply entering the market. But at the moment at just over 300 million tokens, we require far less capital to push the needle. This is even more likely to eventuate due to the lack of trading volume within a 24 hour period (less than 1 million dollars at the moment). If a whale came in here, they could spike the price with a reasonably small amount of capital, however, as we progress through the distribution schedule and with the continuous addition to supply; this will get increasingly more difficult.
Technical analysis wise, we explore a number of different concepts which you can follow along with in the video.
Moving forwards, I will be holding bi-weekly private classes where I will focus on teaching pivotal technical analysis concepts and how to use them to build a profitable trading plan. We’ll also cover topics such as, price, pattern, and trend analysis using assets like SPS, DEC, HIVE and any other crypto assets that you may be interested to help you pinpoint entry’s/exit’s and buy and sell’s within any market. These lessons will be applicable to any financial asset and will put you in good stead moving forwards to be profitable whilst also being able to competently form your own analysis in the future. If you’ve never touched a charting platform before, that's fine! I will start from the very beginning for you and continue at your pace - so you will need absolutely no prior experience. For those who are intermediate charters, I can still provide value, as I have noticed through the majority of videos that I watch online on technical analysis - these people are teaching these concepts incorrectly, so for advanced chartists I hope to remedy these incorrections and make you more profitable with the correct techniques. Availability will come on first come first served basis, and depending on the volume of people interested down the track, I may convert these into group sessions.
I’ll be doing these classes completely separate to my normal Splinterlands content, so if this is not for you, that's totally fine too!
If you think you can skip out on a couple of coffee’s a week to learn pivotal strategies and techniques which will increase your investment returns ten fold in perpetuity, you can follow this link:
https://donorbox.org/llama-s-memberships
Be sure to sign up to DIAMOND TIER for the technical analysis classes.
If you haven't played Splinterlands or are interested in the game, sign up using this link:
https://splinterlands.com?ref=cryptollamatv
You can also:
Come say G'day on Twitch: https://www./cryptollamatv
Join the conversation in Discord: https://discord.gg/Nut5FkW6fA
▶️ 3Speak
