SPS Price is going up and my accumulation Strategy

Splintershards aka SPS is the governance coin of the splinterlands game. I want to bring to your attention the sps price as of now in the market. If you look at last month's chart then the price has gone up nicely. Looks like SPS is getting ready for better price appreciation and I don't know how it will move ahead in the coming weeks. Currently, it is moving towards the $0.01 price range and looks like it will happen soon but again it is a market and sometimes what we are expecting will not happen. SPS is a highly undervalued token in the game and I have been trying to accumulate as much as possible even now when the price is up then I also bought one thousand tokens today.

SPS Market Price

Below is the chart for sps where you can see how the price has improved. Half of the chart is visible in red colour and this month seem to be good for SPS price. The current price for SPS is 0.0082 and its not far away from $0.01. The token is available at a highly discounted price in the market and even though this price is up still I feel the current price is a great opportunity to buy more.

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There are two reasons why I believe that it is worth buying SPS at this price-

• First if you look at the all-time high price then the current price is too low and from here the higher probability is to go up. It may go down a bit but I don't think it will go more looking at how it has performed in the last few months.
• Another reason why I believe that it is good to buy more spears is because we can earn an APR of over 11% which is a great deal in the current market situation. No matter what price you see in the market even with the current price, you will be able to grow your holding by 11%. This may not be a significant increase in the investment but I must say that it is not bad at all.

SPS powered-up

I keep on powering up frequently this time because I believe that it is still the best time to accumulate as much as possible. This is my second power-up for this week and I have added another bunch of over 1000 tokens today. I'm just trying to reach my milestone up 200K SPS and hopefully, I should be able to achieve it in a month or maybe slightly more than that. I'm very happy that I'm able to do this even though I know the price has gone up but I don't want to stop here unless my goal is achieved. With this power-up, I will be able to increase my boost multiplier a bit higher which is anyways good in the game because this will help me get better in-game rewards.

Current SPS Holding & APR

This is what I have currently after the power up and I am pretty much close to making it 190K SPS. Currently, the APR is 11% approx and it is good enough and this is what is helping me grow my holding. There are various ways that I am following to grow my sps holding and this includes buying tokens from the market as well as earning in the game along with staking rewards. It's like I'm trying all the possible ways to grow my sps balance as much as possible this time to reach my 200K sps goal. Now I'm pretty much close to the goal and the gap is about 10,000 tokens which I hope that I will be able to achieve in a month or so. I am trying my best to buy and power up as much as possible and achieve the milestone that I have been trying for a long.

I don't know whether the price will be stable at the current price, or it will fluctuate up or down, but this is not going to stop me unless I reach the 200K milestone. We know that this is one of the tokens that is much needed in the game and it has a fantastic utility in the entire game ecosystem. I'm a big-time fan of the splinterlands game and I hope that the game is going to do great in the next Bull Run cycle. Let's see how it goes because it is hard to predict the market and how any project will do but the way things are happening brings more confidence that the game is going in the right direction which is going towards growth.

Snapshots taken from splinterlands.com

Thank you

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