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Sps heading towards my buying range...! by sumit71428

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hive-167922 · @sumit71428 ·
$2.73
Sps heading towards my buying range...!
So hello everyone how are you all hope so everyone is well and good so friends as you all can see how the market is going down it is really sad to see but at the same time it is bringing us some good buying opportunity.

![IMG_20220529_222159.jpg](https://i.imgur.com/Qx8S4Il.jpg)

## SPS buying targets:

As i am having approx 15k sps and i was looking forward to add on more so that i can have a good chunk so sps for future as i easily see sps at the range of 1$+. As per my risk taking capacity i will try to buy more 15k sps tokens and will complete the target of 30k which is really a very decent number but still as the entire crypto market is down so i am falling short of funds which is really making it difficult for me to complete my target.

I will start buying sps when it will be around 0.075$ and slowly and gradually ill try buying 15000 starting from 0.075$ also will try to get it even cheaper if possible as it will save me some funds.

## Why Sps will hit 1$?

There are few reasons due to which i believe that sps will be hitting 1$ is that there is lots of development going around the Splinterlands team though it be enhancing gaming experience or adding new themes.

One more thing which will be pushing the price of sps is the airdrop which will be ending in few months which will give rise to a less supply of tokens in the market which in return will help the price increase. As of now majority of people keep on selling there airdrop sps as those are simply free money for them so as of now there is selling pressure in the market which is driving it's price lower.

When the price of sps was about to touch 1$ then at that point of time there was rumours that sps will be listed on binance but soon after that the entire market crashed which was not an good time for the listing so i think even that can happen in upcoming time which will surely drive the price for sure.

So what are your views on the price of the sps is it a good investment do let me know your views in the comments section.

Thanks friends have a great day ahead.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@sumit71428/sps-heading-towards-my-buying-range)
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@hivebuzz · 
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@slhp · (edited)
What's a reasonable market cap for Splinterlands? 

For a game, $1 SPS would mean it is worth $3 billion market cap fully diluted. 

All else equal, it means SPS is ranked #30 token amongst crypto.

Real world market cap for reference:
Activision Blizzard: $61 billion
Nintendo: $52 billion 
Electronic Arts: $39 billion
GameStop: $10 billion
CD Projekt: $2.65 billion

Source: https://companiesmarketcap.com/video-games/largest-video-game-companies-by-market-cap/

$3 billion may be a little lofty and overpriced at the moment. 

Maybe sell at 99 cents before all the $1 target people run for the exit, or 98 cents and so on. 







Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@slhp/re-sumit71428-2ei1gx)
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