This week, we will be discussing "Splintershards," the governance token of Splinterlands. Splintershards is the governance token of the Splinterlands game. It is a digital token that represents ownership and voting rights within the Splinterlands ecosystem. Holders of Splintershards have the ability to participate in governance decisions, such as voting on game updates, rule changes, and other important matters related to the development and management of Splinterlands. Additionally, Splintershards can be used for in-game rewards, trading, and other utility purposes within the Splinterlands platform.
According to CoinMarketCap, we have the details of Splintershards. The total supply compared to the max supply is approximately 37.69%. Based on this data, we anticipate more SPS being introduced to the market. As of the current date, Splintershards is ranked 633 with a market capitalization of $17M.
Basing from the chart from gate.io, the max price reached by SPS is $1.27 and the lowest is $0.00710. The current price of $0.01647 to lower price at $0.00710 is still at 110% up.
I think what primarily affects the crypto and blockchain industry is the issue of regulation. Clarity in this matter will once again drive prices. There are various methods we can use to set our targets, such as employing Fibonacci or considering the market cap of similar projects. In our country, the well-known play-to-earn game is AXIE, which reached a maximum market cap of approximately $10B at a price of $164.9. For my projection, I will take into account 100%, 75%, 50%, and 25% of AXIE's market cap at its peak. 25% of $10B, considering the 3B total supply of SPS, would result in a price of $0.83. Calculating for 50%, 75%, and 100% would yield prices of $1.67, $2.5, and $3.33 for SPS. These projections are speculative and may or may not materialize. It is important to consider the downside as well, with a potential double bottom at $0.0071 or even lower. With this information in mind, preparedness is crucial. As part of my plan, I will continue playing Splinterlands to acquire as much SPS as possible through battles and reward chests. Buying SPS is also part of the plan, but the timing will depend on market monitoring. I'm also thinking of doing cost averaging since the price is more than 90% down. This are only my plan for this game since I've been into it and it becomes my favorite game.
Please note that the information provided is not intended as financial advice. Investing in cryptocurrencies or any other assets carries risks, and it's important to only invest what you can afford to lose. It's recommended to conduct thorough research before making any investment decisions.
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