SPS is the governance token for the splinterlands game. I have been accumulating these tokens since the beginning even when the price was very high and now it is quite low but still, my strategy remains the same. The reason why I prefer accumulating more SPS is because it is going to help a lot in the gameplay. There have been multiple ups and downs with sps prices in the market and I believe it has reached its bottom because the higher probability from now is to go up. I don't know how and when it will happen but I am confident that we are not going to see SPS at a $0.01 price.
I put a pause on my buying because of the price increase in November month but now I started it again since I believe it is in the good range where I can buy more tokens and grow my holding. I prefer doing it in parts and this is why my average buying price is low in most cases and that is a good strategy. I have purchased some tokens today and even last week I did buy some but all these tokens are going to be staked. Keeping SPS tokens in liquid form is not a good idea and the best option is to stake and earn a good APR.
This is my current SPS holding and I am pretty much close to making it 150K SPS. I anticipate that in a week I should be able to be there because my part buying has already been started and this will be taking me forward with overall SPS holding. The current SPS market price is $0.024 and I don't want to wait anymore. I don't know if the price will go up or down but I think it's better to start buying in parts and if it goes down then also I'll be able to buy more but if it goes up then it's good for me because I was able to buy at the lower price. Once I achieve the 150K SPS mark then the next mark is going to be one sixty K for me. I play in Diamond League and with 160KI should be able to get a 12X reward multiplier and that is what I am trying to do.
Today I did the power up for 560SPS and this is how I am trying to buy and grow my whole day. I also earn some rewards through my different assets holding and all these are coming as staked. Its like I am buying from the market and also reinvesting whatever is earned in the game through APR and holding for the SPS validator node licence.
The current SPS staking APR is more than 13% and I think this is pretty good. This reward is paid out in the form of two tokens including SPS and vouchers where SPS is more valuable and I expect that vouchers should also be valuable in the game. As of now, I am accumulating both including the vouchers because I believe the use of vouchers will improve the game ecosystem and once the value is appreciated then I would prefer to convert these vouchers to sps but surely not at the current price. Voucher token is struggling with its boost case in the game and I'm sure that the team must be working on something to bring it for the community. With conflicts, we have seen how the use case for vouchers is created but this is not enough to drive some value and probably need more to see a good value spike for vouchers.
SPS is highly undervalued this time and I expect that ten X from its current price is highly possible which is just a matter of time. We can see this spike happening once the market starts recovering and these days we can see how Bitcoin is doing. I'm not sure if this is I start off the bull run cycle but I believe by the end of this year or at the beginning of next year we are going to see a better market. In a bull market, most of the assets and tokens see significant value appreciation and that would be the time when SPS is also going to follow the same hence now is a good time to accumulate more. This accumulation is going to help in the game as well as for a better return on the investment in the long run.
Thank you
