SPS Is Far Away From Its Real Price And When Could It Start a Bull Run?

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(Edited)

SPS, the native token of Splinterlands, which is better than most blockchain games on the crypto market, is trading at levels far from its true value. It also dropped to around $0.21, the lowest price since its launch this week. It is currently trading at $0.23. It lost about 54% in 3 weeks. Let's examine why the native coin of such a great NFT game is falling and when it can start a bull run.

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SPS is currently distributed free of charge to Splinterlands users as SPS airdrop rewards. In short, players receive daily SPS rewards based on their presence in the game. In addition, users receive SPS rewards by staking. Currently, SPS is not used to buy or sell assets in-game. NFT cards are very important to become stronger or level up in Splinterlands. Therefore, some players exchange their SPS for other coins to buy NFT cards or buy assets from the shop. I think this is the most important factor in the regression of SPS. I think that SPS will be used in in-game trade in the future and its usage areas will increase. That's when the first bull run will begin. If that happens, SPS could move towards or even exceed $1.

NFT games have been getting an incredible amount of attention lately. Games like Axie Infinity (another play2earn game) have surpassed $1 billion in sales, and Axie Infinity's native token AXS has soared to record highs. The biggest advantage of Axie Infinity (AXS) is that it is listed on the world's largest stock exchanges in terms of trading volume. Otherwise, when it first came out, AXS was around $ 0.2, now it is trading at $ 67. The difference is incredible.

I think Splinterlands is one of the best NFT games on the crypto market and I think SPS will follow a similar progression. I think the real bull run will start when it is listed on larger exchanges according to the number of users and trading volume. This is not a dream, I think it's real. If SPS is started to be used in-game and listed on the world's largest exchanges such as Binance and Coinbase, I believe that it can reach at least 10 dollars.

SPS is currently trading around $0.23 and is around the lowest price since launch. This can be an incredible opportunity to invest. It can be expected to drop a little more for more gains, but if it doesn't, the opportunity may be missed. Now might be the right time to buy and hold.

Posted Using LeoFinance Beta



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4 comments
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I agree completely, I have been slowly staking more and more sps.

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I see governance tokens as stock shares. SPS' market cap is at 31 million USD. With big growth and 6 million in market fees per year, Splinterlands is worth more than that IMO. Going forward, they will be selling a lot of packs too.

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Getting SPS listed on mores exchanges will no doubt be great we will probably see that happen in the future.

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