Splinterlands SPS/USD is a digital, collectible card game that was specifically created on top of blockchain technology.
Players are given the opportunity to build a collection of cards with different attributes and battle other players through skill-based matches.
The introduction of the SPS token as a catalyst for growth
With the introduction of the Splintershards (SPS) token, which occurred on July 26, things really took off for Splinterlands. Play-to-Earn games really saw a boost this year as a whole, and according to DappRadar, they sit comfortably in second place.
In fact, within the last seven days, the game had 446,767 unique users interacting with it and 57.73 million in transactions, with a volume of $459.63k.
To give you a perspective of how all of this works, a transaction within a blockchain game occurs whenever a player, for example, buys an NFT, opens a loot box, or performs an in-game move, which means that a transaction occurs every time.
Through the introduction of a staking mechanism to earn vouchers, the game received increased interest from players.
Should you invest in Splintershards (SPS)?
On September 30, Splintershards (SPS) had a value of $0.545.
To get a better perspective of what kind of value point this is, we will be going over the token’s all-time high value and comparing it to its more recent performance in August.
The all-time high value of SPS was at $1.07 on July 28. This means that at its peak, the token was $0.525 higher in value, or 96%, when compared to September 30.
In terms of its recent performance, on August 3, the token had one of its lowest points with a value of $0.227.
Additionally, the token had one of its highest points on August 26, with a value of $0.502.
Here, we can see that the token’s value increased by $0.275 or by 121%.
Additionally, the Splinterlands Chaos Legion Card Packs will sell for $4 each during the presale, which is double the cost of the previous card packs.
The trading card game expansion is set to have its presale from October 18 to November 17.
With that in mind, we can expect the token to increase to $0.735 by the end of October, making it a worthwhile investment in September.
The post I’m investing in Splintershards (SPS) on September 30 and this is why! appeared first on Invezz.
from Market Analysis – Invezz
