As someone who’s been around since the second half of 2021, I’ve seen Splinterlands go through its ups and downs. There’s no denying that the past couple of years have been tough for players and investors alike. Many who joined during the chaos of the bull run might feel disillusioned, and I completely understand why. Prices for cards dropped, SPS took a nosedive, and the market was flooded with Chaos Legion packs. It felt like the momentum we had built evaporated, leaving many wondering if investing in Splinterlands was still worth it.
But today, I can confidently say—things are changing. The game and its ecosystem are poised for a resurgence, and I believe now is a golden opportunity to get back into the Splinterlands world. Let me tell you why.
One of the biggest changes I’ve noticed recently is in SPS earnings. Modern format players, especially at higher ranks, are seeing solid returns. Diamond players are earning anywhere between 10-15 SPS per win, and the top-tier players are earning upwards of 30 SPS per win. Think about that for a second—those earnings add up quickly, and SPS itself is up over 100% from its bottom. If you’re grinding through battles daily or even weekly, the SPS rewards are starting to feel significant again.
What’s even better? Despite doubling from its lows, SPS is still trading under a cent, making it an incredibly cheap asset to accumulate right now. For those who believe in the long-term potential of Splinterlands (and the broader crypto market), this feels like one of those “buy low” moments we hear about all too often. Imagine where it could go if the current trend continues and the team executes on their vision for the game.
Let’s talk about card values, particularly the Rebellion Set. For a long time, we saw prices spiral downwards, but I believe we’ve hit a turning point. If you check the price charts for Rebellion cards, you’ll notice that the long downtrend seems to have finally broken.
The best part? 62% of Rebellion packs have already been burned, and I wouldn’t be surprised if we hit 80% burned by the end of the year. This set is going to be rare, possibly one of the rarest in Splinterlands history.
Think about this—fewer than a million Rebellion packs have been sold. Compare that to Chaos Legion, where we saw over 2 million packs circulating and a staggering 10.5 million packs opened.
The scarcity of Rebellion cards could drive up their value considerably, especially as more players enter the game or existing players seek to complete their collections. In fact, even Chaos Legion cards, which were over-supplied at one point, have seen key cards double in value from their lows.
With the liquidity of cheap cards dwindling, even a small influx of new players could push prices dramatically higher. Just imagine what could happen if 100 new players decide to max out their collections—a sudden surge in demand like that could cause Chaos Legion cards to quadruple in value. It’s not as far-fetched as it seems.
Another positive sign for the Splinterlands economy is what’s happening with DEC. After spending much of the year severely under its peg, DEC is now at 82% of its target, up from the mid 50%s not too long ago. The supply of DEC is shrinking rapidly, which is helping to drive up its price. Once DEC hits its peg, we’ll see the SPS burn for DEC flywheel really kick into gear.
We’re already seeing glimpses of this. For example, on September 20th, over 622,000 DEC was burned for SPS! That’s a good chunk of DEC taken out of circulation, and this is with DEC almost 20% under Peg! As more DEC is burned, the ecosystem will become healthier, driving further stability and potentially boosting the value of SPS in the process.
Let’s not forget about HIVE. As a token closely tied to the Splinterlands ecosystem, its price is another crucial factor to watch. HIVE has been climbing steadily, going from 15 cents to 22 cents, and I believe this is just the start. As Splinterlands continues to grow, HIVE is likely to benefit, and any uptick in the broader crypto market will only add to the upward pressure.
Speaking of the broader crypto market—Bitcoin is back up near $65k, and there’s growing optimism that October will be another “Uptober.” After the recent 50 basis point interest rate cut by the Federal Reserve, risk-on assets like crypto are expected to perform well in the coming months. The fourth quarter is typically a strong period for both crypto and stocks, with the “Santa Claus Rally” just around the corner. All of this sets the stage for a potential explosion in the price of SPS and other Splinterlands assets.
On top of all the positive economic signs, the Splinterlands team is preparing to launch a marketing push aimed at bringing in new players. This is what I’m most excited about. If we can attract a fresh wave of players to the game, the demand for cards, SPS, and DEC could increase exponentially. And with the limited supply of Rebellion packs and Chaos Legion cards, prices could move up quickly.
If you’ve been on the fence about getting back into Splinterlands or making a bigger investment, now might be the perfect time. SPS is cheap, card values are stabilizing and rising, DEC is inching toward peg, and the overall crypto market looks like it’s gearing up for a strong finish to 2024. We’re seeing all the right signals for a potential rally, and the Splinterlands team is doing everything they can to capitalize on the momentum.
I’m excited for what’s to come, and I’m doubling down on my investments in the game. If you believe in Splinterlands and the vision behind it, now might be the time to make your move.
If you wonder what is the best way to get involved you can use my link to begin your Splinterlands and HIVE journey.
None of this is financial advice, I am just sharing my thoughts on what I see as an opportunity in the crypto market. What do you think is in store for Splinterlands ecosystem? Let’s discuss!
