Splintershards - Time to wait or Time to Buy...

I have been buying Splintershards aka SPS tokens since. I started buying this token when its price was $0.25 and at that time I never thought that this token would also be available in the market for less than one cent. I would have made it more than a million tokens if this was ever a thought in my mind but its the market and we can't predict things because it is not in our control. The market is driven by supply and demand so when the supply is more and demand less then the value starts dropping and looks like in the case of SPS same thing is happening.

People who made a lot of SPS during the airdrop time have dumped it badly and even now the big holders are selling a lot because even at the low price they can make a good amount of money. This drop can be a good time for the newbies to grab some tokens because ultimately the utility remains the same after the token in the game. It is a governance token so its obvious that it comes with certain additional benefits than the normal coin in the market and this is why holding more can be a good idea. Looking at the below chart you can see that the price is dropping continuously and the chart I'm sharing below is for a month.

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I have put a pause on buying SPS for the last few weeks because I wanted to see how low it can go and currently the price is approximately 0.006 cents which is the lowest, I believe. Now at this price point, I can't say what is going to happen whether it will drop or it will go up. My plan of buying an SPS is still the same but I'm a little bit unsure about its pricing and this is why trying to track it closely for some time. When I started tracking that time the price was $0.01 and now it has dropped again approximately by 40% which is a good amount for any buyer, I am happy to buy at this point but looks good. Even though I want to buy at this price point still I want to give it another shot to wait for some more time to see how it reacts in the next few days.

Again, it may go up or down because it is completely dependent upon the markets and demands so if it goes up then also there is nothing to worry about because it is already low and if it goes further down then I would be able to get more tokens for the amount I invest.

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This is my current SPS holding, and I am trying to have 200k sps as soon as possible. I would have made it by now but since I paused on the buying hence this balance did not grow but I will be able to do it because I'm trying to avail the better buying opportunity in the market because of the dropping price for sps.

Now I am going to continue to track the price and see if it looks stable or still there is still fluctuation. Currently, I'm not going to buy but if I see a better buying opportunity in the market then I will go ahead and buy whatever is possible for me this time the APR is also more than 13% which is good and with this, I'll be able to grow my SPS tokens holding at a nice percentage of APR which 13.27% as of now.

Thank you

Posted Using InLeo Alpha