Crypto Splinterhards (SPS) gained momentum in the market after experts gave a bullish view on the coin. On Tuesday morning, it was trading flat at $0.2195.
What is Splinterhards (SPS)?
Splinterhards (SPS) tokens are governance tokens of the Decentralized Autonomous SPS Organization (DAO). It was launched in July 2021. It mainly represents the game called Splinterlands, which is rapidly gaining popularity as well as the interest of investors.
Splinterlands is a digital collectible card game based on blockchain technology. It is inspired by similar games like Magic the Gathering, Hearthstone, etc. In the games, players build a car collection with different attributes and fight with other players in matches based on skills.
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In Splinterland, players can buy, sell or trade cryptocurrency just as they do in games like Magic the Gathering, Pokémon, etc. It started in May 2018.
Splinterlands was created as a solution for gamers who were unable to own assets because games went digital. Therefore, with the help of blockchain technology, players can freely own and trade digital assets. In addition, it maintains transparency in the game, which means that all cards in the game have a verified supply and a historical record.
Players fight each other by choosing different types of battles such as ranked battles and training battles. Ranked battles help players increase their rank.
On the plus side, beginners can also play ranked battles without any issues, as a rating below 100 does not lose any rating points.
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Battles generally take place between two players of the same strength. And in the game, players from both sides must choose six monster cards and one summoner card for battle. One can win the battle by destroying all the opponent’s monster cards.
The game, in general, is free to play, but players must purchase a summoner’s spell book for $10 to unlock the full game. Using the summoner’s spell book, players can rate many other features that can be exchanged for real currency.
The game has more than 0.3 million daily users, and according to DappRadar, it is one of the most popular games on any blockchain. In addition, the game does not promote itself. So, its popularity comes from word of mouth.
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Source: *Data provided by CoinMarketCap.com
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Pricing and other details of the Splinterhards (SPS) token
The SPS token rose 0.47% to $0.2195 at 11:30 AM ET on January 4th. Its market capitalization is $76.58 million, and the fully diluted market capitalization is $658.62 million.
The 24-hour trading volume as of Tuesday morning was $2.64 million, up 39.95%.
The SPS token had a high of $1.27 and a low of $0.132 in the last 52 weeks. It reached an all-time high of $1.27 on July 28, 2021.
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The Splinterhards token (SPS) gave a return of 18.94% in 12 months. It is traded on exchanges like Pancakeswap (V2), Gate.io, etc. Its maximum width is three billion. About 7000 people check out the free basic game every day. Among them, about 3,000 people choose to pay $10 for additional features. Its growing popularity is attracting the attention of investors.