The price of Spheroid Universe (SPH) has surged 58.6% over the past week, continuing a bullish run that began in early February.
The token is attempting to recover from the sharp decline it experienced at the start of the year when the broader cryptocurrency market plunged. That recovery has not been entirely smooth; despite significant gains, SPH has faced notable pullbacks, including a 9% drop today.
At the time of writing, SPH was trading at $0.05136 USD.
Below we explain the key factors behind SPH’s large price gain over the last week.
What is Spheroid Universe (SPH)?
Before analyzing the recent price movement, it helps to understand what Spheroid Universe actually is.
Spheroid Universe is a platform for building and launching Augmented Reality (AR) and Extended Reality (XR) projects, launched in March 2021. The platform uses the utility token SPH, which powers interactions and transactions within its ecosystem.
The project offers several developer- and user-focused features, including Spheroid Script, a programming language designed for XR experiences, and Spheroid XR Cloud, which enables creators to host and run XR applications. Spheroid Scripts further support developers by extending app functionality.
Spheroid Universe also provides Demiurge IDE, a cloud-based development environment that facilitates NFT creation and animation. In addition, the platform runs a distinctive NFT marketplace where users can explore and purchase 3D parcels of virtual land. Owners can place ads on their parcels, creating opportunities for passive income.
To date, over 300,000 parcels have been sold, reflecting strong user demand and community engagement around the project.
Why did SPH rise 58% in one week?
A key driver behind the recent rally was a renewed interest in AI-driven metaverse applications, highlighted by public comments from influential tech leaders emphasizing AI’s role in unlocking the metaverse. That narrative has amplified attention on metaverse-focused projects like Spheroid Universe.
Spheroid Universe stands out because it integrates AI with its XR toolset, making it easier to modify and enhance real-world structures and digital assets. Its workflow allows creators to upload video and spatial data to the Spheroid Cloud, enabling automated or assisted reconstruction and digitization of architectural sites and environments.
The platform’s capabilities—combining XR development tools, cloud services, and an active NFT land marketplace—have positioned it to benefit from both renewed metaverse interest and broader adoption of AI in immersive content creation. Those fundamentals, alongside market sentiment, likely contributed to the sharp price appreciation observed in the past week.
The social and developer activity around Spheroid, including public showcases of digitized sites and demonstrations of the XR Hub app, have added visibility and community momentum, supporting demand for the SPH token.
Outlook and risks
While the recent gains are notable, SPH’s price remains subject to crypto market volatility and periodic corrections, as seen in recent pullbacks. Investors should weigh the project’s technical progress and ecosystem growth against broader market conditions and the typical risks associated with speculative assets.
Monitoring developer updates, adoption metrics (such as new parcel sales and active users), and roadmap milestones will provide better context for assessing whether the current uptrend can be sustained.
#Spheroid. Earth reconstruction
Catholic church, Paroisse du Precieux Sang
Winnipeg, Manitoba, Canada
49.877518, -97.119439Digitize an architectural structure using the XR Hub application.https://t.co/gv1vhErf3V #SpheroidUniverse #MetaVerse #XR #AR pic.twitter.com/tYWLtrS6yj
— Spheroid Universe (@Spheroid_io) March 1, 2022