I've been playing Splinterlands since November 2018 and it has been an exciting adventure that is full of ups and downs. The trends and the sentiments in crypto and the gaming industry have had an important impact on Splinterlands but the development team has always found a way to make the game better and more fun.
Though we approach the game from the financial side, it should not be forgotten that we play for fun at first. The strongest side of Splinterlands has never been changed or neglected as all the developments have been delivered. It is still the only game that I play every single day as well as spending and earning money as I entertain.
Though the governance token $SPS lost some value over time, I still see huge potential on several sides of the game.
SPS Around ATL Levels
I always consider the inflation of a cryptocurrency to assess the current value that can be reached in a possible blow-off top levels.
Currently, there are 1.6B SPS tokens in circulation out of 3B SPS tokens in total supply. So, while valuing a cryptocurrency, it is always a wise choice to consider price actions and the extent to which we may see a bullish price movement.
$132M was the highest market capitalization level that $SPS token tested in the previous bull market. It was the times when there were only a few crypto gaming projects that could create a GameFi trend.
Today vs ATH Market Capitalization
When it comes to today, we are sitting at $10M market cap for $SPS. Honestly, the level is pretty low considering the fantastic gaming experience, ongoing updates, upcoming Lands 2.0 and the launch of Validator Nodes for Splinterlands chain.
Considering all the updates and the bullish sentiment in the crypto market, we can come up with some estimations:
This bull market has not really started for altcoins. The poor performance of the token is not exceptionally valid for Splinterlands. So, rather than being very pessimistic, I want to focus on realistic scenarios.
$10M market cap can reach up to $135M to test the previous record. This means that $0.007 x 13,5 = $0.095 per token. So, around $0.1 for SPS sounds amazing considering the amount of tokens each Splinterlands player holds.
I have around 50K SPS tokens, thousands of Vouchers, a Validator Node, and hundreds of cards that can bring fantastic returns.
This is just a simple and realistic price prediction for SPS token. If you consider $0.25, $.50, or more, that can make lots of players millionaires by playing a Web 3.0 game 😉
What do you think about the price predictions for SPS token?
Share your thoughts below 👇
Hive On ✌️
Posted Using INLEO