The last couple of weeks has been very volatile for the whole of crypto market. Traders lost millions on their trades, while there were those who were silently accumulating and doing DCA on their favorite coins. The change of pace in the market, is quite dangerous. If you are not on the right side of the trend, you will end up loosing money. Better be safe than sorry.
Splintershards has seen some uptrend in its price for the last couple of days. It seems like we might be getting some good uptrend in the coming weeks, if everything gets to work on our side. That being said lets explore to the current liquidity pools and also witness what is going on with SPS in the actual market!
According to Splinterlands DAO rewarded pools, we have 4 liquidity pools of SPS, which are being rewarded in the current scenario. The pools are SPS-BNB, DEC-Swap-Hive, DEC-SPS, SPS-Swap-Hive. Among the three of them, SPS-BNB pool is at Pancakeswap. While writing this post SPS is being traded at the price of $0.008244. The liquidity out in here is around 650k . Also not to forget, the market cap is sitting at 4 million dollars.
According to dexcreener, as you may witness, there are some green candles which were created in the last couple of days. Where some heavy buying of SPS took place. Which triggered the price of SPS few penny. Although, the number is comparably low but if we get to keep the momentum going, this could lead to some potential gain in the coming days for SPS.
The numbers regarding SPS does surprises me in every possible way. Only if we had more utility of SPS and more publicity of this game, this numbers alone would have done most of the work for SPS to reach a greater heights in terms of price. As you can see, the total liquid SPS is less is quantity than the number of SPS staked in the game. Which is quite a great structure compared to many games out in there.
Is it the right time to buy SPS?
To be honest, nobody can answer this question! Apparently there are two scenarios which might take place in the coming days. The very first one could be, SPS gaining some momentum and slowly breaking its weekly high's and we miss the chance of collecting some SPS in cheap price. The second one would be, SPS going down and we get some opportunity to collect some cheap SPS for the long term. Either way, the current scenario for SPS is bullish. HIVE DAO is active and we are getting some inflows of fund, which will help in building the foundation of SPlinterlands in even a stronger way. Which is why, I would rather say, it is better to DCA in possible situations for the long run.
So lets see how SPS performs in the coming days! And what are you doing regarding SPS, let me know in the comment section below.
Best regards
Rehan
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