Splintershards (SPS) is the governance token of the splinterlands game and this token was affected by the market sentiments for a long time. Since the beginning, I have been bullish about this and its because of the project's potential. The value of the token is determined by the project potential and I know that splinterland is a great project that has been doing well even when the bear market is going on. This time (bear market time) it is difficult for many projects to survive but splinter lands continue to build and this is why they have proven their existence once again. This is not the first time when they have survived the bear market instead this is the second time when they have done pretty well in terms of development and overall game movements.
The bear market is a tough time for various crypto projects and many projects decide not to continue since there are hardly any ways for them to make more money but expenses are continuous. The SPS token is also affected badly because of the market and its price has gone down beyond 90% however now we can see some momentum in its price. The lands are announced and we will have it in the next couple of days and probably That is the reason why we can see some green colour movement on an SPS price.
Here is the snapshot for the SPS price chart in the last 30 days and I'm sure you can see the price growth. It is significant and probably it has followed the same price momentum as Bitcoin. The Bitcoin price has gone up significantly in the last month and this percentage was about 30 to 40% however SPS has gone beyond it. It's been a long time since the sps prize has been hovering around $0.13 and now it has touched 2 cents. Undoubtedly it's a long time since the token price has touched the $0.02 price mark and I expect that with lands there will be more demand for the token.
I'm a buyer and I do not want to sell my SPS stake real soon and it is because of my strategy for the long term. With lands, the price impact can be seen on the sps as well as the Dec token because both will be required in the game and that too I believe is going to happen in a bigger quantity. This price movement is good and can make a lot of folders happy but I think it's not the right time to start selling because if more people do then again price will go down. Probably this is the time when we see that the SPS is gearing up and getting ready for the land launch.
Now you can see the price for SPS at $0.02 and with this, there has been a price spike of over 50% in the last few days. It is just the beginning of something big but for the long term, SPS has the potential to go up by 20X easily from this price.
I have been accumulating sps for more than two years and this is what I hold as of now. This is a good balance in my game account but I still want to have more. The current value is quite low as per the current market price and I'm not really concerned about it since I know that in the long term, it is going to be much more valuable. What I like about this is that I get an APR of over 14% on my holding and the same holding can also be used for my gameplay which entitles me to get the higher reward multiplier.
There is a slight reduction on apr but it looks more stable at this point as I can see it hovering around 15% for a long time. The dip is about half a percent which is okay because even with 14%. I am happy to have it and it brings quite a good amount of returns on the stake. This APR is paired in two tokens including the SPS and vouchers. I also have a good number of voucher tokens which I am planning to convert to SPS when the price is good because the current price is not good enough for sps conversion. I hope that the voucher token price improves which can give me more SPS and this is what I want to do. I get vouchers through my SPS stake as well as the licence holding. I have enough vouchers and if I am able to convert these tokens into sps at a better price then I expect a good number of sps tokens in return.
The last time we saw the price increase for SPS was the time when the reward multiplier was introduced. Now we are heading towards the lands in the game and this is going to be another time that has triggered the price of sps. Overall if you observe it then you will find that every new announcement brings a value appreciation for SPS which means that the community is excited about the new launch or any value addition changes in the game.
We are also going to have the rebellion launch going live in the first week of December and this new addition is going to bring a lot of excitement to the game with new abilities and tactics. We can say that the remaining time for this year is going to be exciting for the game and the token economy is getting bigger with SPS price appreciation. I look forward to both the updates including lands and the rebellion general sale and also how this is going to affect the sps price in the coming months. Although my strategy for more accumulation will not be changed and I'm going to follow the same strategy however I expect that this will bring more people into the game as we see the value growing down the line.
{Images from Splinterlands Website}
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