If you've looked at SPS in the past few months, you'd notice the downtrend that it's been on. I bet you've also thought to yourself, "Why is SPS at it's current value?". Let's look at SPS!

It's only 0.005 USD away from the value they sold it at the private sale. This is super low now, so if anyone wants to go in, this is a price that private investors barely have a profit if they want to sell. Frankly, I don't see people selling here at this price but more of buying! Well, that's because I believe in the long term future of SPS.

Going back to the question, "Why is SPS at it's current value?", the most truthful answer is, I don't know with 100% certainty. In fact, nobody can really say for 100% certainty why values are as such. What we can do is make some educated assumptions as to the reason for the current value.

1. SPS full utility not yet here

If you want to read about the SPS Road map, you can check it here: "Splintershards (SPS) 2022 Roadmap". Basically, the stuff that we expect to give SPS its value hasn't arrived yet. These include land expansion, rift watchers, and SPS DAO.

2. SPS Airdrop is still Ongoing

With the current airdrop, there is literally so much free SPS being given out daily. This will end by July 2022, so we can expect the value of SPS to start going up a bit by then.

3. Overall Crypto Environment

In the past few months the entire crypto market has been on the downtrend. It's not surprising that altcoins such as SPS will tank too. On the bright side, there is a possibility that it might be alt season by next week so that's good news, right?

There you have it!

Those are the 3 main reasons I think SPS is at it's current value. I am hopeful that in the long run SPS will go back to 1 USD and beyond, but before that sit tight and trust the devs!

Credits

• Cover photo created using canva.com and the included elements
• Logos and images used are from Splinterlands
• Divider by @freeztag