Splintershards (sps) Market Update: 28% Profit in the Last Month, but Is Volume Giving Any Signs of Doom?

How are you all? Today, I was taking a look at the charts and data of Splintershards (SPS), a small but potentially valuable token in the crypto market. From what I saw in the screenshots, it seems that the token is currently in a short-term bullish trend or uptrend. Let’s take a closer look.

SPS is currently trading around $0.008155. It has increased by 1.8% in the last 24 hours. Not only that, but if you look at the chart of the last 7 days, it is up by 14.1%. If you look at the chart pattern, you will see that after a few days of consolidation or sideways movement, a sharp or steep pump has suddenly come. It is also 1.3% positive in the pair with Bitcoin (BTC), which is a pretty good sign.

Analysing the data, I found an interesting contrast.

It has increased by 26% in the last 14 days and 28.1% in the last 30 days. That is, those who have taken entries in the last month are now in a pretty good profit.

But the flip side of the coin is that it is still in a 1.8% loss over the last 1 year. This means that long-term holders are still trying to recover their losses, while new buyers are making short-term profits.

This is where I have a little concern. The market cap of the token is only $3.99 million (about 4 million). In the crypto world, we call it a 'micro-cap' gem. But the problem is its 24-hour trading volume. Only $36,220 in volume has been generated.

With such low volume and low market cap, volatility or fluctuations in this token can be very high. The price can move a lot with a small purchase or sale.

The current circulating supply is about 489 million, while the total supply is over 1.3 billion. The maximum supply is 3 billion. That is, there are still a lot of tokens to come to the market (there may be fears of inflation or new token releases). The fully diluted valuation (FDV) is about $10.8 million, which is much higher than the current market cap.

All in all, the situation is like this—SPS is currently in a technically bullish mood, and the last 30 days have been very good for short-term traders. The steep spike seen on the chart indicates momentum or speed.

However, due to the low volume, it is important to be careful before making any large investments. If this uptrend is to be maintained, the volume needs to increase further. For now, the $0.0080 level seems to be acting as support. This is a coin to keep an eye on for those who trade short-term swings.