The 9th largest Crypto Exchange in the World just listed $SPS
Splinterlands players have been waiting for an announcement like this for some time! An SPS listing on one of the world's biggest crypto exchanges, giving the Splinterlands Governance Token exposure to a much larger trading base.
I took a quick look at the Crypto.com Exchange and was amazed that I could use the trading tools without even having to sign in. While I was there it made sense to take a look at Crypto.com's Governance Token - $CRO.
$CRO seems to be trading strongly with high volume, bouncing within a larger Wedge, but also showing a breakout caused by the recent $Bitcoin surge. While I am not a $CRO expert, after some basic research it seems to be one of the most highly traded Governance Tokens and possesses a number of use-cases on the Crypto.com exchange itself.
Crypto.com's Partnerships - https://blog.crypto.com/tag/partnerships-events
Back to $SPS - is this a good time to Buy / Sell?
$SPS has been in a rather heavy (bearish) Accumulation Phase, owing to the Chaos Legion release and a 5 month Crypto Bear (sellers) Market. However the Crypto.com news is starting to spread and we are seeing SPS starting to rise.
- Right now $SPS is trading at $0.1195 on Tribaldex and seems to be increasing hourly as the news gets out.
- Listings on major exchanges tend to see a huge spike (increase) in value with that particular Token. $SPS has already traded at $0.1825 on the Crypto.com Exchange, lets hope that wasn't just initial ICO excitement!
https://crypto.com/exchange/trade/spot/SPS_USDT
https://tribaldex.com/trade/SPS
Conclusion : Right now is probably a good time to purchase $SPS which is still quite close to the huge $0.10 Support Level. However in a very short time the USA will be waking up and with it the New York Stock Exchange and many Private and Public Crypto investors. Be sure you don't purchase $SPS after a price surge (increase) unless you are SURE the price will go up, or you want to Stake / HODL $SPS tokens long term.
The whole cryptocurrency market (Metaverse) follows Bitcoin so everyone should be watching the $Bitcoin chart now and hoping that $BTC can break the $47500 resistance level. Please do your own research when trading cryptocurrency and only invest what you can afford to lose.
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STOPCheck out the last post from @hivebuzz:
It would be nice if this started the rise of SPS to 0.50 or even $1+ but as crypto.com as far i can see haven't made any announcement of this, it seems like this news will probably fly under the radar