The Splintershards (SPS) in Splinterlands Game

Hello friends,

I am doing good, and I hope that you are having a good time with your near and dear ones.

It's been a couple of months for me since I did the price analysis for the SPS token in the game. it was almost $0.02 one month back and it was expected that the price would not fall further but it has dropped. It may drop further from the current price so can we expect the price to go almost one cent? Anything is possible in the crypto market so it is hard to say yes or no at the moment. I am not sure what is going on with this coin in the market and why it is losing its value in the market despite the fact that the game is doing good.

src

SPS Coin Price

The current price for the SPS coin is 0.01 seats stand as per the current market price and here is the snapshot. I have taken this snapshot on the coin market cab website. this price is in green color because there is a slight increase in the price but it is less than 1% and even in the last 24 hours we cannot see any significant price movement.

src

The coin price at this range is undervalued in my opinion and can be a good opportunity for those who are trying to buy more. If you are someone who wants to be part of the gaming project then I believe now can be a good opportunity for you to fill your bags with sps coin. Usually when we invest on any gaming platform then the strategy should be for the long term.

src

SPS Coin Existence

it is been almost two years since the launch of this coin in the game and I'm sure many of us are aware that this is a governance coin. Usually, governance coins are launched with certain benefits and this one also have got the same. Based on holding we can be part of the governance mechanism and simply if we hold more coins then the value of our vote will be higher. We already have the proposal system in the game and a lot of people including the team itself keep on submitting proposals to suggest some changes in the game. people who hold spears coin have the option to support all the reject the proposal and changes can be made only when the majority of stakeholders support the proposal.

The team has also announced that they are going to replace the collection power with SPS coins holding. I think that this is going to be a bigger change in the game and probably this will push the price rise so this time when the coin is already available at a low price. Once this change is effective in the game then probably we are going to see the value spike. As of now, the collection power is a method based on which we can play in different leagues and after this change, the holding of SPS will do categorization for the players.

I have purchased some SPS but now because the price is low so I am planning to buy a few thousand SPS coins. Because I was not much active in the last few minutes but now I will try to be so that I can make things better in my game account which will also help me increase my aiming activity as well as it should be adding value to my game account.

Thanks a lot

Posted Using LeoFinance Alpha