Current Status of SPS Token and My Thoughts

Hello friends, how are you all? I hope you are all doing well. I am also doing well, Alhamdulillah. Today, while playing games, I thought I would take a look at the crypto market. As a gamer and a small investor, it is very important to keep track of your holdings. So today, I took a look at the current chart and price action of Splintershards or SPS token in my wallet and thought I would share it with you too.

When I first opened the chart, I felt quite happy to see the green glow in front of my eyes. Currently, the price of the SPS token is around $0.006291. It has increased by about 0.6% in the last 24 hours. Maybe the percentage is not very big, but that is what the market is doing positively! Along with the movement of Bitcoin, I saw that this token has also increased by about 1.3%. Looking at the chart, it can be seen that the price has been fluctuating within a certain range for quite some time, but now it is trying to move slightly upwards.

I checked the historical data for the past week. Around December 17-18, the price had dropped quite a bit, dropping to around $0.0059. The market was a bit scared at that time. However, the good news is that the token has bounced back from there. Now the price is trying to stabilise itself in the $0.0062 or $0.0063 range. If you look at the zigzag lines on the chart for the past few days, it can be seen that there is a pretty good fight going on between buyers and sellers, but the buyers are not letting the price go down.

Looking at the fundamentals of the token, it can be seen that its current market cap is slightly over $3 million. And the trading volume in the last 24 hours has been around $25,740. The volume seems a little low to me; when the volume increases, a big movement can usually be expected. I noticed that the supply is about 489 million tokens in the market, although its maximum supply is 3 billion. This means that many tokens are still to come to the market, which can affect the future price.

Finally, my personal opinion is that the market is now in recovery mode. So I am not thinking of selling my tokens right now. Rather, I want to hold on a little longer. Usually, the price of such gaming tokens increases suddenly when a new update or season of the game ends. I am waiting for that opportunity. However, the crypto market is always unpredictable, so let's see what happens next. Those of you who are holding SPS, what are your plans? You can tell me in the comments. Everyone stay well,