The SPS launch has been nothing short of amazing! I checked on the price of SPS last night and it was sitting at $1.07!!!!! Of course it had to come down a little since then, but even at these levels, I don't think anyone really expected this.
That was a really nice gesture delegating an extra card to pixiepost.
This whole situation is insane. The SPS price not only survived the first day of the airdropped tokens being sold off but it increased in value. If SPS somehow manages to stay afloat around the $0.40-$1.00 range or even lower then that its value will sky rocket in a year when there's no more airdropped SPS flooding the market.
I hear there will be a test of the SPS price when the pancake swap hyper inflation ends after two days. What SPS price does over the next couple days should give a clue as to were we are headed in the weeks and months ahead.
That pancakeswap payout looked pretty nice for a while... although it's still going to be distributing the same amount, just not as much per staker. Same thing with the SPS distributed overall, it will get diluted as people get more points during this year.
True, but if most of the airdrop is locked up in staking and not floating around on exchanges, there shouldn't be too much downward pressure on the price. I hope!