Hello crypto world!
In this blog I am going to explore my sps portfolio. Today I was able to hit the 50k sps stacking milestone.
Being governance splinterlands token sps was in my favorite list since the beginning that's why I am continuously increasing my sps portfolio. No doubt sps price is down this time but it is an undervalued token and will give a huge profit in future. This time the value of my overall sps holding is 1222 usd. In the mid of January it's price was over 1.6k usd.
There is no doubt that I did not invest in one go but whenever I found the price appropriate, I invested. The situation is that this time I have over 50k sps in my game wallet.
The good thing for staking sps is that if I do not play battle, yet I can earn pretty good return in apr for staking or setting sps in rent market. If I calculate my overall sps earning then it is almost 1K within 1 month. On 24th January I claimed my sps and within 19 days again today claimed 612 sps for staking, chest reward, season and Brawl reward. 1k within a month is not a bad deal. I want to grow my holding more that's why I am trying to increase my portfolio by purchasing by game scenarios.
It is because I want to unlock Diamond League second for greater rewards. 6k more need to reach this level. I have a pretty enough card with appropriate level to play Diamond League second that's why I am trying to increase my sps holding. I could reach at this level before but I invested my sps to purchase Riftwatcher packs. From Rebellion here I purchased just 20 packs. Earlier I was thinking that I will purchase rebellion cards from the market rather than purchasing more packs. But when Rebellion revealed its price was too high compared to other edition cards. I missed the opportunity as purchasing packs was a better option. Now my focus is adding more sps in my game wallet. For that I am continuously sharing my sps holding on a regular interval . Remember that I have no plenty of options, just purchasing and getting from staking, chest and Brawl. This time Bitcoin price is going up so there can be some green mark in sps price too. Here is the snapshot of sps price from coin gecko exchange.
The impact of exchange traded fund approval can be seen in the current crypto market, especially in Bitcoin price. Within 24 hours Bitcoin price is moving up and down almost 50k. Two years ago on 24 March 2021, when Bitcoin had reached 60k, people believed that now it would definitely reach 100k.
After that the market crashed and gradually the price of Bitcoin reached the bottom. On first January 2023 the Bitcoin price was $16.626. People's hopes started falling apart and it seemed that Bitcoin was ready to hit its lowest price. With the end of 2023 Bitcoin was in a correction mode and after the ETF approval it started to gain its momentum again. The current situation is that again Btc is about to cross 50k. Bitcoin Halving and approval to the spot etf is attracting the investors that's why its price is increasing.Analysts believe that 2024 will change the crypto market. There will be a sharp increase in the investors due to which the crypto market will go towards bullrun. Banking analyst! Chartered has already predicted that Bitcoin will peak by the end of 2024.
If we look at the current crypto market, their predictions definitely seem to be coming true. Along with that, it should also be kept in mind that making any guess in the crypto market is not free from danger. We are digital crypto users, so we should be optimistic and hope that there will be a bull market by the end of 2024. The most important aspect is that along with mother currency we also see the unexpected growth in alt coins, which we all are expecting. In November 2021 when high price was over 3 dollars that time there was no liquid token in my portfolio.
So I missed the opportunity but this time I am thinking of holding some liquid amount in my portfolio so that I can utilize the opportunity. I have no mother currency but I am optimistic towards my alt tokens that I am holding.
Still there are lots of questions in the mind about the validation of crypto in my country but the day is not so far when most of the countries will be in favor of digital currencies.
What do you think about the Bitcoin price? Will it be able to stable over 50k or will it be down? Feel free to leave some words in the comment box.
(Image edited Picsart and stickers taken from Picsart application)