SPS token (Splintershards) is the governance token of the splinterlands game. I have recently achieved the sps milestone of 200K and wanted to stop here but it looks like this is not the stop for me because now I am trying to move ahead on the sps accumulation journey. I believe that somehow it is a journey that will be ongoing especially when the market is down and this time the SPS price trend is slightly improved but still I believe that the current price is a great opportunity for the buyers. I am not sharing any financial advice here and if you feel good about the coin and project then only you invest but I am sharing more of my experience and why I believe in this coin and the overall project.
Below is the 30-day chart for sps where you can see that the price was down and also improved a bit and currently it is in green colour. It means in the last 30 days the price for SPS tokens has gone up and although there is no guarantee about further movement in the market but looks like things are getting better with sps also. It is a crypto market and it is hard to predict the prices in the market because we don't know how things will be and this is why we should focus on projects with a long-term approach. The long-term approach is best because if something does not work out as per the plan then also we have the holding power and accordingly we can make the changes in strategy and hold till the time you are not profitable. If you go for the short term then sometimes holding power is not that strong and that is why things might be difficult for the investors and this is the reason why I prefer going for the long term.
I have invested quite a good amount in SPS tokens and I will continue to do the same. I will take a short pause on the buying which can be a couple of weeks. Once I have more liquid funds then I will be buying another chunk and will try to buy from time to time so that I can continue to add up more SPS tokens to my holding on different pricing. It is clear that my next goal for the SPS is going to be 250k and I am anticipating that this should be done in the year 2025.
I don't know what month it will be but I will be trying to add as many as tokens possible to reach the milestone and I have not defined any timeline for this. I had no timeline for 200K so I just had a thought that by year-end they should be achieved. I'm glad that this was achieved much before the year's end and it is because I tried to focus more on the SPS accumulation rather than the cards in the game. I still want to buy some cards that are powerful and also available at lower prices but now since my journey for SPS will be ongoing hence I am going to have a balance between the SPS and other assets in the game.
As a buyer, I feel like the current price is still a good price to buy. I've not hesitated to buy more once I have more liquid funds available with me and I hope that I should be able to manage some liquid in the next couple of weeks if this price remains then I'll buy a bigger chunk whatever would be possible. A bear market is the right time to build token holding and the same approach I am following with sps tokens because I believe that this is highly undervalued and is going to appreciate significantly when the market turns bullish.
Snapshots taken from splinterlands.com
Thank you