The recent surge in BTC has cascaded down into AXS which rose to a new ATH price around 114$. This price action makes the game market cap sit at roughly 6.9 billion per coinmarketcap.
Compared to SPS the market cap is about 144 million. This large degree of discrepancy shows that there is room for more potential in the SPS token value. SPS could even just reach the milestone of a one billion dollar market cap. Although, is it important to consider some key differences between the two game governance tokens.
While AXS is on the Ethereum network, SPS is on the Binance Smart Chain network. This difference may dissuade some investors due to seeing ETH as the more secure network and only sticking to that area. On the otherhand, Binance Blockchain has much lower gas fees, transaction times, and is portable to Ethereum.
The AXS token also seems to be more involved in its respective game right now compared to SPS. For example, AXS is rewarded from wins, used in the marketplace, and can be staked. SPS has some new updates to be used in the marketplace, but is not the primary economy token. DEC takes some of the function away from SPS as being the marketplace token by design.
The success of AXS just reveals the potential of SPS and other gamefi related projects. Once SPS gets listed on the Binance exchange, which could be a possiblity like AXS, there will more growth into the early stage value of SPS. In the meantime, keep dollar cost averaging and staking SPS for continued game progess.
