Effective strategy is the secret one! the existing dilemma of fundamental and technical analysis!
This is my first article which is written for my hive blog and here I am sharing it for the read.cash reader, hope you all will like it.
Hello and good morning dear splinter mates, hope all of are doing great with the pumping initiation of the Splinter assets with the sudden pump of Hive coin in this bleeding market. This is amazing to see our assets growing!
Today I am going to talk about the Splintershards (SPS) the native and governance token of the Splinterlands. This token has lost more than 90% of its value from the top! Though it is normal for the crypto enthusiasts like me but many people are in trouble with the crash. I will help you to get the bitter truth in crypto that will help you to make some decisions in Splinterlands and also in any other projects. If you are new then my discussion will be more beneficial for you and also for the experts, I beg their suggestions in the comment section.
I will discuss the current price of SPS from fundamental analysis to technical analysis. Though I am not an expert my I will try to cover the basic things that you should know about crypto before you invest or trade. And also I will discuss why I am super bullish on SPS and why not care about the current price of SPS and what can be expected in near future and in the long term perspective?
source:https://www.wallstreetmojo.com/fundamental-analysis/
Before my main discussion, I want to say some words about the basics of fundamental and technical analysis of any coin, token, bond, share, etc.
All the investors worldwide are learning and gathering knowledge about the evaluation of their decisions before putting some money into any investment. And it helps them to take the decision properly and to make the desired profit in the end. And to make the investor's analysis easier, there are two types of market analysis: Fundamental analysis and Technical analysis. Both of these are being widely used in every financial market.
Fundamental analysis (FA)
Fundamental analysis is basically considering the real value of the market shares according to the present status and company image and all the factors which are not possible to express in numbers. It is a kind of character evaluation of a person considering the many abstract criteria. Some basic things that should be considered are as follows:
Fundamental analysis is a long-term analyzing tool that is expanded for years and even decades. This is the best tool for the investors as the intrinsic value matters most importantly in this case.
Fundamental analysis helps to find the answer to the question of whether the product or assets is overpriced or underpriced which is an important factor to make money.
The fundamental analysis is used for the investment purpose especially to validate the decision from the long-term perspective with the future view of the project.
In fundamental analysis, the asset price is determined by the financial statements of the company and previous statistics. The decision is taken on the basis of the economic conditions, financial record, and many qualitative and quantitative factors on the market trends and in the asset overview.
# Technical analysis (TA)
The technical analysis is different than the fundamental analysis which is a combination of hundreds of tools using the chart of the assets to predict the next move in price. The technical analysis is closely related to the statistical chart, previous historical movement, finding any repetition in the chart and patterns, also the buyers' and seller's behaviors throughout the price movements, and many more things. From the technical analysis, the entry into the market for any assets is determined which can be more beneficial than the random entry at any point. Some basic things that should be considered are as follows:
Technical analysis is a short-term analyzing mechanism that is suitable for the traders who trade on a daily basis or hourly or even weekly basis. In a larger time frame, technical analysis is not suitable as this is regarded as an investment not trading. The technical analyzing tools are the best for the traders or brokers as it target the trends of the patterns in charts to enter with possible profit calculation and with setting up the stop loss to avoid liquidation of the trade!
Technical analysis helps the trader to take the decision when to enter into a trade and the possible scenario in the coming hours days or even weeks. The short-term prediction is prepared with the technical analysis with help of the previous trend in the assets.
In technical analysis, the previous chart with different patterns, different pre-existing loopholes, curve nature, historical repetition, and current movement of the buyers and sellers are taken into account but the fundamental factors are skipped here as technical analysis is similar to the robotic activity with certain rules and logic!
[source](https://xkcd.com/2101)
SPS from FA and TA perspective
So, let’s talk about the Splintershards (SPS) from both perspectives. The TA of the SPS is now useless, and from every aspect, it will tell you that the coin is dead as it collapsed by losing its 95% value from the all-time high. And also the history is not so long for SPS, so you can't find a proper pattern, though for day trading you can find some indicators which will tell you only lowering low and it’s also useless. Also, the 20 and 120 days average is showing the negative direction and you can’t find when the 20-daily average will cross over the 120 days moving average! But you can get a solid information from the Fibonacci retracement that the price will be cross $4 bucks in the future but when we don’t know!
But when you will go for the fundamental analysis, you can get a completely different picture of the positivity in the company and in the roadmaps of the Splinterlands! The historical records with the increasing number of players will give you only the skyrocketing future. The surviving period of the game compared to other games and the continuous development will make you convinced to invest. Also, the upcoming biggest update of the land expansion and the node implementation to make the game real and decentralized is going to change the future of the game in a revolutionary range.
So, how to make the best decision, I can say my thoughts in this regard by considering both technical and fundamental analysis If you are searching for some investments, then SPS can change your future with the solid roadmaps and constant development in the NFT sphere. But for a day trader, it is not guaranteed that the exact period your trade will be fruitful but it is obvious that the SPS is consolidating at its bottom as in the accumulation zone. And you can expect any hand pump at the price in near future. Especially when the free airdrop will end the supply chain will be hampered and the price will jump very hardly than you can imagine now. So, I am not going agains the current market trend, I am accumulating as much as I can afford. Hope you understand how to make the decision as no one will give you the secret recipe because if the recipe is not secret anymore, the recipe will no longer work here, so build up your own recipe to be successful in your trading and investments!
Why I am super bullish on Splinterlands?
At this stage of my post, I want to share out some points which will help you to understand the succeeding story of Splinterlands in past and future endeavors. And I believe that this game will never be gone like the other games due to these following characteristics and the devotion of the team members.
First of all, the most important and powerful driving force of any game is the players. And the user number of the Splinterlands is already at the top among all the NFT-based games according to the Daapradder. Many games get sudden attraction with huge players with huge rewards but the game economy is so bad that it collapses within some months and even weeks. As a result, the has finally vanished.
The gaming industry is very competitive and Splinterlands is already a survivor in the sphere for a long time, so it has already proved its capability to be a great game with a great lifetime.
The performance of Splinterlands in constant growth is amazing and the regular players are always playing more and more for great rewards in the game.
Every sector of the game is developing and regular UI and gaming economy is changed with bearing the necessity which is not happening for other games. This is a big plus point for the game
The roadmap is always releasing regular updates with a number of possibilities that will make the players more attracted to play the game. Major upgrades like decentralization and land expansions are loading for the months which will definitely create a real hype even in the crypto winter as very few projects got huge attention during the crypto winter and Splinterland has its capability and the users to gain that success. Many blockchain and NFT-based games have already died due to their lack of a clear roadmap and their gaming economy strategies. But Splinterland can be considered as super successful in the NFT gaming filed.
Splinterlands has a very big and trusted community in the Hive blockchain that has been growing more faster now with development now happening in the Hive blockchain. And this will always take the game ahead in the market in the future by competing with the other games. Almost all the existing games have failed to create a good and trustworthy community by rewarding their community. But for Splinterlands, it’s the community is supported intensively by the Game through the post curation in Hive blockchain which is an amazing approach for Splinterlands.
I also think that Splinter has the maximum number of ways to earn rewards from the game assets. Which is very lucrative for new players to enter the community.
And finally the team members are always supportive and working constantly to make the game more attractive and more rewarding for the players.
Thank you so much for reading my post and please let me know your thoughts and any suggestion in the comment box, so that the new comers and the hive community learned something from you.
And, If you want to be a proud member of the Splinterlands community and enjoy the magical world of hundreds of monsters and strategies for your battle where you will have the opportunities of amazing battles with some extraordinary monsters with amazing abilities which will uplift your online gaming experience to a new level. You can enter into the Splinterverse through this link [sign up to join splinterlands](https://splinterlands.com?ref=tanzil2024)
Thank you so much for your time and attention.
I will catch you at the next.
> All the images are prepared by me from the splinterlands, coinmarketcap and tradingview resources unless I stated the source at the bottom of the figure.