SPS (Splintershards) token is Undervalued in Crypto Market

Hello Friends,

Good day to you. I hope that the day is going well for you all and it's going well for me also.

I have been monitoring the crypto market closely and in last six months the Bitcoin price has gone up. I remember that when I started spending more time in this market that time the Bitcoin price was around 20K and now it is more than 40K. It is double the price of what I saw last year and I think this is a very good growth. This has happened when this market is called a bearish market and there is no bull run sentiment in this. What is going to happen when we are in the bull run market and it is an exciting part of the Crypto game. I mean are we expecting the Bitcoin price to be 100K in the next bull run?. If this is the case so whoever has purchased Bitcoin in the range of 20 K will grow the investment by five times and this is inevitable.

Now I'm talking about the SPS token which is a gem coin in the market. I agree with the fact that a lot of people are not aware of it because they are not in the game but whoever is playing this splinterlands game knows it well. What I'm trying to say is that SPS is a highly utilised token in the splinterlands ecosystem. In simple words, the more tokens you have in your game account will impact your gaming experience as well as your overall reward opportunities. Without holding SPS you cannot expect a nice reward experience and this is why regular players are trying to have bigger holding for SPS. I am a player in this game and I know how things are going on in the game this time when the SPS price is low is still a good opportunity.

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Let's figure out the price fluctuation in this token in the last months. Looking at this graph clearly shows that currently, the price is down. It was almost $0.03 a month before but now it is almost $0.02 and this is like a price drop of 33% overall. I would like to mention here that this token was valued at almost $1 at some point in time in 2021. This was the time when the token was launched an airdrop was ongoing. I was not part of this airdrop because that time I was not part of the game also but after going through my research and study I found these statistics and information. Also, this airdrop was for one year which is crazy and people were able to make a great amount of money. Just imagine you are getting some amount every day just for holding some assets and this value is very good. It was like free money that the community was getting and people started dumping tokens badly. Because of the continuous dump, the price fell down and now we can see where it is now.

I believe that the token utility of this token is very good in the game because we can use it for almost everything and also we are getting rewarded with this token. This has replaced the reward mechanism for DEC and this is why I think SPS as a token has a higher chance of growing. I would not say that I am an expert here but I just share based on the information and facts available on the open domain. This token is down by price in the market for almost 95% and from here the higher possibility is to go up. Even if it goes down and in the worst-case scenario we can see the price around $0.01 but I don't think that it will happen.

I do not guarantee anything because again I am not an expert. I see a great buying opportunity in the current market scenario for this token and even if you are not a gamer, still consider it because you can generate some passive income. I mean to say that you can rent out the tokens that will give you a good reward while you are getting a nice APR and also just for holding the token stake in the game account. I have a plan to buy more and I'll be doing that but before that, I plan to get myself settled on the gameplay side. For a player in this game cards along with SPS tokens, are equally important so a balance is required in terms of the assets holding.

Declaration- Have used images from the splinterlands website wherever not mentioned for this post and these are not mine.

I am part of the game so if you are not and want to be part of it, please use my link-

https://splinterlands.com?ref=shriram19

Thanks for stopping by

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