Why Is SPS So Far From Its Real Price?
Splinterlands is one of the most popular and one of the best games in the crypto market. Splinterlands, which ranks first in many game lists, proves to be the best game according to the number of users and breaks records. So why is SPS falling and how far can it reach in the future?
According to Dappradar data, Splinterlands ranks first in terms of number of users. It is seen that it has 50% more users than the number of users in the game, which is in the 2nd rank. Again, according to the number of users, it has more than 3 times the number of users in Axie Infinity. I think the difference is more, but even according to these data, Splinterlands has an incredible power and user.
The tokens of many of the games in the list are listed on the world's largest exchanges such as Binance. For this reason, many investors and players are more aware and more interested in these games, so their trading volume is much higher than SPS. Despite that, Splinterlands has more users. Now imagine what will happen when SPS is listed on Binance? I think the number of players in Splinterlands will increase by at least 5 times. The trading volume of SPS will increase by at least 10 times. What would be the price of SPS in this case?
Currently, Axie Infinity (AXS) has a daily trading volume of approximately $235 million, according to Coinmarketcap data. Splintershards (SPS) has a daily trading volume of approximately 3 million dollars. The difference is too big. An asset with such low trading volumes can cause that asset to lose value even in small sales.
Especially considering that investors who want to buy Chaos Legion packages these days are selling SPS, these drops are very normal. On top of that, with the decline in the crypto markets, the SPS price dropped to all-time lows. This can be a great opportunity for investors and players because both the SPS price is at the lowest levels and the NFT cards in the game are unbelievably cheap. I think SPS and NFT cards in the game offer investors an opportunity to invest. If the number of players in Splinterlands increases in the future, the price of NFT cards will increase at the same rate.
SPS is currently trading at $0.1695. I didn't expect it to drop that much, but I'm glad it did. Because I had the opportunity to invest more in SPS. Below $0.2 is an opportunity to invest for me. Looking at the gaming tokens currently listed on Binance, I think it can do the best bull run in the crypto market when SPS is listed. Until then, hold SPS and invest in SPS are among my priorities.
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I agree, it's defo coming into the buy zone for me.
A Binance listing would be awesome, I think it's probably only a matter of time!
It will be absolutely awesome this will also get more players to come to Splinterlands. I think Binance might list it this year, but I'm in no rush. Because by then I will have the opportunity to buy more SPS.
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If SPS gets listed on Binance it would be huge for Hive-Engine as a whole. For now, Hive-Engine is too much a niche for Hive users, our tokens are not even listed on CoinMarketCap and that is sad. Once they start respecting Hive-Engine tokens like they respect random Ethereum shitcoin we will grow exponentially
It is not wise to turn down the demand of so many investors, they will lose. Good projects have always continued on their way, and those who ignore them have always lost.
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Yes fair point, we are VERY niche!
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Yeah same here, accumulate SPS as much as possible. I wrote about this recently as well, chaos legion is having a chaotic effect on the market but it’s only for a a short time.
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Splinterlands is relatively fair. Axies have a very big price barrier of entry which I think pushes the price up, but makes it unsustainable.
Entry to Axies is very expensive, I don't know if it's worth it. But I think it will be more profitable for the future when I make the same investment in Splinterlands.
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Well, what is the "real" Value of any asset? It is always hard to say. I would agree, that SPS is quite cheap. But considering that there are a lot of Tokens still to be issued, I can understand, that it's price is not really rising. I still think, that the recent drops went too far. But the market can be irrational for extended periods of time.
Keep up the great work!
Cheers,
@andy-plays
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