is this Right time to Invest in Splintershards (SPS) ?
SPS is a highly undervalued coin in the game I believe and this is the reason why I am bullish on this. First of all, I am not a financial advisor and I have tried to share my opinion based on my splinterlands journey and experience. There is a lot to learn and explore in the game and will we keep on doing more then it also helps us to enhance our understanding. It takes time to learn and understand things in detail but once we learn them it also helps us to plan multiple things accordingly.
SPS is a gem
The current price for SPS point is less than $0.03 and to be honest that I never expected this price. I have seen the price going towards $1 approximately in the past and now the current price is very low as compared to its all-time high price. It is hard to believe and even difficult to expect the price we have in the market right now. This is what makes Crypto different where we can see anything in the market and even something that is not expected can also happen. There are various benefits if we hold this coin in our game account and because of these reasons I always believe that holding SPL is the best choice available in the market. This is not the time when we should be looking at the value instead more focus on the quantity should be the priority.
Buying opportunity with SPS
Those who have seen the price of sps at the price of 1usd approximately and for those people the current price is too cheap and we should not miss the opportunity. I can say that I am not missing here as I am buying in small parts and that is how I am trying to increase my sps portfolio.
The current SPS price is certainly a good opportunity available in the market and not sure if the price will go further down however SPS at the current price is a good long-term investment option. The game is growing so we can think to grow the prices altogether. I am not concerned about the current price and this is a reason why I see this coin's value as having gone down by more than 90%. We have also seen a good spike in the value 2 months back I do not know what happened and why the price momentum is in the downtrend.
I have been accumulating this point since August 2021 and it is more than one and a half years in total. My thought process with this coin is simple but for the long term because I believe that they will be multiple earning opportunities for the SPS holders in the future. Even though multiple benefits are holding SPS in the wallet I expect that this will increase nicely in the future. There are some other assets and points in the game but I believe SPS is the best because it is the governance token usually there are some added benefits in this type of coin in the market.
I can also use my SPS coins to buy other assets in the game but I don't want to do this. This is because later on the price then I do not want to regret it because whatever SPS is accumulated should be here and I can use other sets to buy different elements in the game instead of spending SPS on anything.
(Splinterlands is a fantastic play-to-earn game and if you like to join then do it through my affiliate link shared below-)
https://splinterlands.com?ref=reeta0119
Thank you so much
Stay Safe
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I haven't been paying much attention to SPS lately. I just see it going down in price. Maybe because there are so many ways it gets created - rewards from battles, interest from staking, payments to license holders. So lots of new SPS but not much of a reason to hold it. I think it would require millions of SPS to move a governance vote, which most people do not have.
Now with DEC, I see there is talk of using it on Land, when the Land functionality comes around. Plus, you do get $1 buying power from 1000 DEC even if you can buy it for less than that, so I don't see it going down much more. I'm not sure what keeps SPS from going down more. But I still have tens of thousands of SPS staked and I am not planning to unstake the majority of that. So I hope you're right that SPS
and if you hear any good news about new use cases for SPS I am sure I will read about it here in your amazing blog which I read Every Single Day!
I wish you all the best, and good luck with all your tokens! :)
Hi @kenny-crane
It's true that the SPS price has been falling and probably it's because now we can earn sps through various ways. Also a big number of tokens are given through airdrop but I believe once we have lands live and if SPS gets listed in Binance then we can see better prices. No sure ty for sure but lets if this happens and may be later on team think of burning SPS. I am buying at this price with the long-term mind set.
Hope you are having good time.
Thanks for your excellent reply!
I just looked at the SPS chart and it is looking good for the last few weeks. It is holding its value, not going up or down. That is a good thing, since most other crypto is going down right now. So maybe we are at the SPS bottom. If the team adds more use cases then that will be great for SPS. I think it's a good time to hold or buy SPS and I think with a long-term mindset like you have, this will be a good investment.
I wish you all the best!
You made my day by saying that the reply is excellent. You're my mentor in the game and I learnt a lot form you.
As you said price seems stable which is a good sign. Even in the last town hall they mentioned about the Binance listing. We are in bear market and it's time build as you never know if bull cycle can push the price by multiple x.
Thank you so much
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Hi Madam i am new to enter splinterland can you suggest my which card i can buy by using 10 to 12 dollars. Which are the best cards to play
Hi @masthan You can watch videos in youtube to learn more and also read some posts in the splinterlands community. It will help you
https://twitter.com/1117295600867766274/status/1633025581234176001
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