As of today we have 69 days left for the year long SPS airdrop to come to an end, at current price of SPS $0.087 my in-game SPS is valued at $383.21 excluding the few hundreds I have on Hive Engine and Diesel pool. Get SPS back to $0.5 and above and we will be looking at some good amount of money that is dropped to us for free just by owing Splinterlands assets that makes one eligible for the airdrop.
A glace at the SPS chart wouldn't encourage anyone having a first time encounter with the token, it has been a consistent downward trend to where it is now haven peaked at $1.07 ten months ago. Reasons to the drop could be linked to selling of the token as it is being dropped freely not once of but a year long.
Another contributing factor could be the state of the crypto market which haven't been at its bullish best for quite some time now.
A look at Axie Infinity tells a similar story as its token AXS currently trades at $21.73 a -86.8% drop from its ATH $164.90. It is more of a general state of things if looked deeply across the cryptospher, I wouldn't write off SPS of based on $0.08 which it currently trades.
A lot of promising development are in the works as we saw pSPS pool went live yesterday on Polygon, at the time of writing the the PSPS-POLYCUB liquidity currently seats at $37,285 which is a lot in just about 24 hours with a juicy 93.76% APR at present while the in-game staking earns you 58.06% APR, here we are seeing options for SPS arise.
SPS validator node license is one to look at as it could also impact the price of SPS positively. The uses cases to SPS aside just being a governance token, reflects a positive outlook on the token going forward. I have always been bullish on SPS but now more bullish as end of the airdrop nears with lots of developments kicking in.
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