What is Happening to $Sparklet? Explained.
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- Опубликовано: 17 сен 2024
- So, Upland recently pushed their native Sparklet token to exchanges. This token was touted as the world's most utility-driven token, offering massive revenue generation for its holders. On the Upland platform, Sparklet is a powerhouse, driving all sorts of in-game activities and transactions. Naturally, there was a lot of hype surrounding its release.
But things took a turn for the worse. When Sparklet hit the exchanges, it opened at a shocking $0.14 per token, a far cry from the $0.46 USD price Upland was selling it for in-store. And if that wasn't bad enough, the price plummeted further to a dismal $0.035 USD. So, what happened?
I think the answer lies in a classic case of panic selling. The Upland user base expected Sparklet to open at a much higher price, and when it didn't, fear and uncertainty took over. The initial low opening price caused a wave of panic, leading to mass selling. As the price kept dipping, more people sold out of fear, creating a vicious cycle that's been hammering the token's value.
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I’m not surprised at all. Keep hammering the price people. It will go lower.
@@WolfWarner718 looked solid overnight! It climbed a bit!
It's a utility token. Keep it for the utility. Buy more of it at these low prices for the utility. If your only reason for having Sparklet was speculative, you just got served with a dose of reality. It's a utility token.
Price dump is one hundred percent by intent
Let me ask something mate. What didn't crashed in Upland? Yes, every single thing crashes in value in Upland. They say the master of economics created it, but everything crashes, now that lady Crypto expert, i forgot her name, helped push sparklet to exchanges and surprise surprise another major crash. Upland just dying slowly but surely... It appears to me that nobody in there knows what to do and just releasing new and shiny Fail after Fail...
@@C324R15 Well to be fair the push to exchanges was a vote held by the team and they let us, the community decide in a 80% to 20% vote that we wanted it on exchanges; I do agree it seems upland is lacking when it comes to managing their economy properly but to have created all of this value out of thin air is still pretty impressive to say the least. Yeah 100% it doesn’t look great in Upland at the very moment, but we are a worlds away from where we were a few years back in terms of total users and total money invested into the platform. Majorly different platform today than it was a few years ago, I’m slowly adjusting with it. You know I am not a big fan of a lot of what upland does, but also as investors into the platform we should try and look at what they do right as well
I've been playing Upland for 4 years. In the very beginning, Dirk and Idan made a lot of promises. So it doesn't surprise me that everyone is dumping the token.
See, it's going back up. I bought some at .04 and now a bit more at .065
The value should increase as its utility and demand increase. But this is the volatile crypto market, so ups and downs should be expected too.
@@PastorBrianBetsworth yep just as I expected !!
You asked us to comment whether I'm all for sparklet or not I don't think that it's going to recover I don't think it'll ever get close to a price that would be suitable
What price would you be happy seeing it at? You're right it definitely will not hit $0.46 again, at least not anytime in the next few years... I think it can easily hit its opening price though, at least within a year assuming we receive some of the promised updates around spark like using it for your car etc
I'm not selling the Sparklet I already have, but I will sell the Sparklet I find while doing TH from now on. And with the money from the sale I will buy properties for USD. It would be nice if Tilia started accepting transactions in USDT ☺
@@ProfZoomer I forget if the option to buy in Crypto still exists, I know you used to be able to buy upx with BTC / ETH
@@RyansBlock yes you could buy for eth and btc but only bundles from upland
Hi there, is there a video showing how to return Sparklet from bitget to upland? Preferably on mobile app. I am lost
Thanks for the video by the way, I liked your insight on the Sparklet. I wish Upland had not started listing Sparklet yet, but it followed most of players vote
@@jamaljamali8651 yeah! In your MetaMask wallet, you’ll have a sparklet token address (if you don’t have this reference our video on how to sell your sparklet) and it’s basically just those steps in reverse. Withdraw sparklet from Bitget to your MetaMask sparklet wallet address, and in the upland portal tab click receive sparklet and you’ll port it over from MetaMask!
If this didn’t help let me know perhaps I’ll make a video showing the inverse
@@RyansBlock Thanks for your help :)
Yea buy low sell high sparklet needs more utility and things we can do with it to create more value. So let's try help upland and see it grow