RE: Is Splintershards (SPS) governance token of Splinterland's game is grossly undervalued?

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Things will change eventually. SPS airdrops are indeed a reason why it is so low.
If it had the same marketcap as AXIE, it would be at 57$. You can check this tool:
https://www.marketcapof.com/axie-infinity/splinterlands
Eventually, airdrops will end and also SPS should be listed on some major exchange eventually propulsing is value and you'll be glag you bought a bunch at 50 cents.

splintertalk
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Got below from coingecko.

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So tool calculated on basis of Circulating supply of SPS and I calculated on basis of total supply.

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