Hello friends,
I am doing good, and I hope that you are having a good time with your near and dear ones.
The crypto market is not like any traditional market where things can be on a different scale but here the overall market sentiment is going through a different cycle. This market is different because the dynamics are not like the stock market or any market that you can be part of. For example this time Bitcoin is not fluctuating much so there is nothing much to do for traders in this market. Now if you talk about the people who want to have more Bitcoin then it can be a good opportunity for them to buy more because the price is low. You can say that this is a situation of interpretation where one can think about the opportunities in the current scenario whereas another does not find it very interesting because that person thinks differently.
Here I am going to talk about the SPS (Splintershards) coin which is an important token of the splinterlands game. Don't get me wrong because this is one of the tokens that was almost one dollar at some point in time and now it is less than two cents. Would you believe that this is the same coin that is available at a discount of more than 95%? This is unbelievable and I'm sure many of you can share your thoughts that that's not possible but here in the Crypto market, everything is possible. This market is not regulated so we can see some great things happening here and we can also see some strange things happening in this market.
If you have a look at the chart for Spurs which I have taken for the last thirty days then the price is on the declining pattern. Are we going to see the price for sps reaching one cent? I don't know and to be honest I have no idea how is it going to be in the next few days or maybe a few weeks. We can't predict how things will be in this market but I believe if the project is good enough and it is built on a solid foundation then we can expect growth later on. Some experts say that the current market of Cryptocurrency is at the end of Crypto winter. This has already taken a lot of heat in this market where we have seen bigger crashes happening in this market so maybe in next year or something we can expect some positive momentum here.
I purchased S P S in the month of July when the price was going up and I was thinking that it will not come down. I was wrong because the price has come down now and I wish that I had waited so I could get more sps. It feels bad when we buy coins at the wrong time but it is OK because it is the market and we just can't do anything if something goes like this. I still believe that SPS has the potential and it will grow but maybe it can take more time. I mean to say that the time it will take is going to be longer because there has been a bigger dip in the market and now if you expect sps to go back to one dollar then you need to give it enough time. I'm not going to sell my SPS and I have given it on rent so it's rental income for me. With the splinterlands game we get many options where the passive income can be generated and following the same pattern SPS has another benefit which I am availing and I'm very happy that I did it
Thanks a lot
