Sps (splintershards): Current Gaming Crypto Trends and My Personal Observations
When it comes to cryptocurrency and gaming, the first name that comes to mind is Splinterlands. And the lifeblood of this game is its governance token—SPS. Having been involved in the game for a long time, I have seen how this token has come to where it is today through ups and downs. Looking at today's market, SPS is currently in an "accumulation zone" or energy accumulation phase. Its current price is hovering around $0.007 to 0.008 cents. Those who were in the bull market of 2021 know that this token once traded above $1.
Although the current price has fallen by about 99% from there, as a regular gamer, I think such corrections for gaming tokens in a bear market are normal. Although the volume is slightly lower, it indicates that there is no longer any excitement; Rather, those who love the game and believe in its ecosystem in the long term are the ones who are currently holding the token.
There are several good exchange options open to those who are new to adding the SPS token to their payment method or portfolio. Personally, I prefer to use decentralized exchanges or DEXs, as they are less hassle. Among them, PancakeSwap on Binance Smart Chain is the most popular and liquid option.
However, those who prefer centralized exchanges can use Gate.io, MEXC, or Crypto.com. And if you are already a Splinterlands player, Hive Engine (TribalDEX) is the easiest and most home-grown option for you, where you can easily swap other tokens to buy SPS.
Thinking about the future, the Splinterlands team and SPS roadmap make me quite optimistic. The token is no longer just a reward token, but has become the driving force of a game. Especially since the introduction of DAO governance, the future decisions of the game are now directly in the hands of SPS holders, which is a true example of decentralization. In addition, due to the game's huge update,e 'Land Expansion', a large amount of SPS is now required to be staked, which is increasing the demand for the token. Added to this are 'Validation Nodes' and various deflationary mechanisms or token burning systems.
When the next bull run in the gaming world begins, I think these fundamentals can take SPS from $0.05 t0.10 centsts or even higher. But of course, the crypto market is unpredictable, so there is always risk.
Finally, let's come to the most important thing - how to bring tokens purchased from external exchanges to the game account. This may seem a bit complicated for beginners, but it is actually quite simple. First, you need to set up a Binance Smart Chain (BSC) or the currently fee-efficient Base Network in your MetaMask wallet and place the token there. Then, log in to the game and go to the "Link External Wallet" option from your profile to connect to MetaMask.
Once connected, click on the SPS icon on the game dashboard and select the "Transfer" option. There, select your connected wallet (BSC/Base) as the source and "In-Game" as the destination, enter the amoun,t and confirm, and your token will be in the game in just 1-2 minutes. With this token, you can do everything from buying cards to staking and earning passive income. In my opinion, SPS is now in an interesting position for those who believe in the future oWeb3-3 gaming.
Posted Using INLEO
