Hello Splinterlands and Hive Fam!
I hope life is treating you well wherever you are in the world, and that you're having a great weekend.
My Splinterlands Game account is FinPulse9.
SPS is a coin which is known as Splinter shards, and it is a very valuable coin of the Splinterlands game project ecosystem. Splinterlands game is built on the blockchain, and because it is on the blockchain, the token is very important. I believe that the token is SPS, and the project has got a lot of things which are connected to the coin. This means we can use the coin on the entire website to buy different digital assets in the game.
Next year, I will be completing my 2 years with this game, so I have completed over 1.5 years with the game. After joining the game, I purchased a big quantity of SPS tokens because I believed that the price when I purchased was the lowest, but later on it rose further. It is something that nobody can predict in the market.
The current price is definitely very low, but in the last 90 days, if we look at the price, you will be able to see that it is gone up by over 38%, which I think is good growth. You know what? In this type of market, it's really difficult to figure out how things are going to be. When we look back, we see that things are really doing great sometimes, but we don't know. Having some extra money in the form of stablecoin helps in these types of situations.
With SPS, my goal is for the long term because I believe that this holding that I have in the game is helping me a lot to get a good reward every season. That is the reason why I have no plan to sell off my holding. Instead, if things allow, I will try to buy more, and I can grow my holding.
I see that there are so many people holding the quantity in millions of SPS, so I'm sure they must be having some study in the game. Following the same, I can also think of holding a bigger quantity, but as of now, it is not feasible for me to go ahead and do that.
With every coin, price, utility, and its use case in the ecosystem are very important. I can see that with SPS, the utility is very high. Still, I don't understand why the price is very low. I can guess that a lot of people who are earning free coins (because they are earning some tokens in the game) are selling those coins in the market. This is why there is more supply than demand, and it has to be the other way around to bring the price higher.
Image courtesy: coinmarketcap.com website edited with gpt
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