SPS below 3 Cents is a Buying Opportunity
Happy Sunday and hope that you're doing well. The weekend is about to end in a few hours, but gaming is always on and there is a lot to explore and learn.
I have been trying to track the price for Splintershards (SPS) tokens for the last couple of weeks. I was not here on this platform when the price for SPS was almost $1 but during my tracking, I check the history and it was showing. It is hard to imagine that a coin that was worth almost $1 is now trading below 3 cents but that's how this crypto market works. We never know what kind of market movement we are going to see and how the prices will be determined later depending on market supply and demand. The price determination happens based on supply and demand which means if there are more sellers and fewer buyers then the price will be low. Similarly, if there are more buyers or fewer then we can see a positive movement in the price.
It's been about 2 to 3 weeks and I have been trying to track the price for SPS. It went below 3 cents for a couple of days and now it is almost 3 cents, so it has shown some growth. I am not sure that it is going to be stable here or if it will drop because it is difficult to predict. What I see is that the SPS is available at its bottom price. It is like the coin is available at a below 90% low price which I think is a good buying opportunity. What else we can expect if a coin has dropped its value over 90%, I think the only way to college is the bottom price in this scenario.
We cannot forget that with SPS we can earn an apr of more than 20% easily just by holding the tokens. It means that anyone who buys the token now will be able to grow the stake by over 20% in a year and this is applicable even when the price is not grown which is the least possible. If there is growth in the price, then the earning potential increase and I don't think that there is any way to incur losses because things are quite strong and even the current price is much more stable at the current range.
The market is all about making the right buying decision and holding with passion which I think with SPS also can be great. I am not an expert here, but I am trying my best to learn more about the token economy and how the project is doing. It's been about 3 to 4 months for me in the game and during this period I have tried my best to learn as much as possible along with growing my account gradually.
Currently, I hold more than 10000 collections of accounts, but this is just beginning because ultimately my goal is to have 100K collection power by this year-end. My immediate goal is to unlock silver 3 in a month probably because that will make me eligible to play in the silver 3 League. There is no benefit if I play in bronze, and it is better not to play. This is the reason why I am trying to grow my cards collection and once I grow my collection power then I will start playing the game in the main time I am just adding more cards whenever it is possible.
Is one of the choices that I want to achieve but for fun now it is important to focus on the cards first. With gaming, I will be able to earn some SPS as part of the reward and later on I will try to reinvest the reward in the game which will help me grow my account faster. I am not a regular content creator, so my author reward is very low but whatever I earn is mostly used to buy assets in the game. This is my strategy and anyone who is looking forward to buying SPS for the long term and surely enter the market and enjoy grabbing the apr earnings which is very good I don't think there is an alternative in the market as of now. It is not financial advice that I am sharing here but just a thought that I have observed during my study in the game and hopefully, in the next few months I should be able to work on it.
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Keep on playing the game and have fun.
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Thanks for sharing! - @alokkumar121