#sportstalk is one of the tribes that is showing a turn around.
The application started off well but saw the common path of many with the dumping of the token. This saw a lot of sell pressure as weaker hands bailed out. Initially when a tribe is new, payouts are rather large. Over time, as more people get involved, we see the amounts decrease.
Here is the latest buy and sell graph:
That is a very impressive buy wall. There are a number of buy offers over close or over 500K SPORTS. This is the type of buying pressure that puts a nice floor in place.
Sportstalksocial is a tribe that is meant to discuss all things related to sports. This includes esports.
What I like about this tribe is the possible market. When it comes to sports, is there as large a pool of people who are fanatical? Those who are into sports are completely rabid about their particular teams. Essentially, we are looking at groups that are already dedicated and passionate.
In searching the hot pages, it is obvious we are seeing a growing influence that is global. Looking at all the posts pertaining to football (soccer) and rugby, it is evident that there is a global influence forming. This is something that truly shows the potential reach of the Steem ecosystem.
So far, we have not seen any major announcements in terms of onboarding some big players. With sports, there are all kinds of people at different levels who can have large followings. This means that onboarding could really be enhanced with just one or two targeted individuals who have a large following.
As I ponder it, the possibilities are enormous.
All new projects need to get their tokens in stronger hands if it is going to survive long term. It is easy to get some tokens and dump. This is a process that frustrates people early on. It is difficult to be committed to a project only to see a massive amount of selling taking place. However, this is the best thing to happen for the sustainability of the project.
As those committed to a project acquire a greater percentage of the tokens, things start to turn. These are the ones who are active in supporting others involved in the project. Sports is beginning to see that in my opinion. People are putting large buy orders in hoping to load up.
This is another project that is worth keeping an eye on. The potential of the market is huge.
A small fish in an enormous pond could still be very big.
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