Without a doubt it is frustrating to see SPS continue to slide down in price. Only hope now is for there be enough buy the dip people to continue accumulating. I would imagine as the supply of SPS dwindles the prices will start rebounding.
Here is my proof that I still believe SPS prices would rebound. Below a comparison of open market summoners between one of the modern sets in Rebellion versus legacy sets in Beta. The focus is on quantity of cards available for sale. Right now there are less than a dozen of any of the summoners in Beta on the open market. Meanwhile Rebellion still has nearly a couple dozen or more for each summoner.
The thought here is when supply dwindles the remaining cards that are on sale will likely be at higher prices. The same goes when SPS supply shrinks while the ones held will remain likely held until prices appreciate.
Peakmonsters.com has some statistics on SPS status. As of now over 2.2 billion SPS has already been distributed, not including those that are burned, about 62.7 million SPS. In staked SPS the yield has dropped significantly from all time highs of over 100% APR. It has drop to the point of single digits, near 3.4% while Vouchers hold a higher stake of over 4.5%. Without Vouchers the yields would be much lower and it will continue to decrease as less SPS is distributed.
As a whole there is a lot of proof the supply of SPS is dwindling and players are holding may see price increase in the future. When that will happen remains a question but for now it seems reasonable to believe continue accumulation of the token is very beneficial.
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