The week ends with LVL finally reflecting the recent development that happened in Psyber X. For those who don't know, the story is that the Alpha version of the first person shooter game has been released and for a limited amount of time, you can get a pass to play it for just 1.5 AVAX, roughly $20 at today's price.
Thanks to the aforementioned news about PsyberX, LVL has finally started moving but nothing too crazy. I was hoping we'd see something a bit more bonkers but I'll settle for a slight pump.
LVL token has been relatively quiet for a while now and only those in the know have actually been buying the token. There's generally not so much hype surrounding the token, and I suspect that this is intentional.
Yesterday, I talked about bridging web 2 to Web 3 gaming and I reckon the PsyberX hierarchy are trying to do something along the lines I recommend in the publication.
There seems to be more interest in developing and promoting the actual gameplay than shilling the Blockchain/crypto side of the equation. Considering the type of game that they're developing, it makes sense too because their target audience are the real gamers and not just investors.
Obviously, there is a marketplace, there will be a game economy and the game will crypto driven but right now, there's just not so much emphasis on the crypto side. This is evident in the fact that most developments aren't created in a gimmicky way to pump LVL token.
In fact, LVL is sort of being left alone and most people that find out about it are those that actually look slightly deeper into the PsyberX project. I guess this way, LVL will only be meant for it's designed purpose of being the in game token of the growing PsyberX ecosystem.
GLX thoughts
The situation with GLX is a tad bit confusing for me. One one hand, there's new development in the game with pack staking and yes, the price of GLX reflected it but in reverse.
Unfortunately, the price of the token isn't quite as low as I'd like, so I'm still sitting in the sidelines and waiting to pull the trigger. By "pull the trigger", I'm referring to a poor man's version of buying the dip, so my total investment will probably be worth a couple hundred dollars at best.
Buying GLG packs seems to be completely out of my reach, as I continue to squeeze out funds for sustenance. I wish things were different but that's the life we chose.
My only route to buying packs right now is through dumping my entire collection of GLX and then buying packs with the proceed. I'm only considering this because I suspect the APR for APR for packs will be a lot higher than the APR for staking GLX.
Assuming I sell all my GLX tokens, I'll be able to buy 15 packs. I wonder if that'll be enough to amount to anything.
Then again, considering that I don't intend to actually play the game, is it wise to get so close to the action.
Would it be wiser to just leave all my GLX staked, while waiting for a pump? What if I dump all my GLX temporarily to buy back if the market crashes. I guess I'll just have to be on all fronts, to ensure I benefit from any potential move.
SPS hasn't been doing much
Finally, we come to SPS token, my potential golden goose and the asset that I have so much hope in. Honestly, I still think SPS is going to be my ticket out of poverty.
I've been bag holding this token since it's inception, sold a bit when minor pumps came around but never failed to buy back whenever the opportunity presents itself.
Right now, I'm up to 16,780 SPS tokens staked and my plan is to add to my collection while the token is still quite cheap. At just under 4 cents, SPS is at its lowest since inception and with the general crypto market the way it is, there's really no surprise.
The glass half full view of the situation is that SPS will recover when Bitcoin starts pumping again. I don't know when or how but we know that in the crypto world, what goes down will eventually go up.
I'm going to keep my SPS staked, farming more SPS and staking most of it back. With the APR as low as it is, you earn so little SPS from your stake, you really can't even do much with what you earn.