Many people do not like the bear market but it is by far the best time to buy tokens and stocks at discounted prices. I set myself a goal to stake 15K SPS governance tokens and achieved this goal even 20 days earlier thanks to those who sold SPS for $0.03 in the market.
It did not take too long for me to pile up thousands of SPS tokens thanks to 2 primary and 2 secondary factors. I want to share my experience with the investors/players of Splinterlands to give some insights.
Major Factors: Validator Nodes & GLX Airdrop
Minor Factors: DEC peg & Battle Earnings
The vast majority of my recent take has come from the airdrop of GLX on Genesis League as each day I bought 30 to 150 SPS tokens thanks to the airdrop tokens and stake rewards. The airdrop is still going on and I'll continue my re-investment strategy for some more time.
Aside from GLX Airdrop, I daily receive 22 SPS and 4 Voucher tokens from Validator License. For SPS Maxis, it is a good opportunity to ape into SPS by swapping Vouchers to SPS for further benefits.
When Licenses and GLX come together, they provide an exceptional chance to investors who believe in the best Play2Earn game in crypto 馃槈
As you know, 1000 DEC is aimed to be pegged to 1 USD but the price fluctuates a lot in the open markets. Nowadays, the price of DEC is rising and it even tested $0.8 per 1000 DEC.
I realized that if the price reaches to peg, I'll make 20% profit by holding DEC. However, if I buy SPS for $0.03, it may test up to the previous ATH initially before it skyrockets. Thus, x20 potential is too attractive for sure.
Other than these factors, Battle earnings and Guild Battles are nice sources for players to stake SPS as a result of their achievements. I earn 2-3 SPS from the battles and the guild battles bring me 20 - 25 SPS depending on our success.
As the global risks are driving the economies, we cannot separate our investment decisions from the trends markets are forced to be in. If the price of SPS tests $0.02 in the worst-case scenario, I'd level up my investment decisions to enjoy the cheap price of SPS more.
If the price of SPS keeps decreasing with the whole crypto market, then my staking strategy would yield much better results. However, if the market settles down the prices turn to normal times, then I may reconsider my investment plans.
When you stake SPS, you get SPS, Vouchers and GLX at the same time. I believe the fair value of SPS token is much higher. However, if there are cheap sellers of the project, there will also be some people who multiply his/her SPS bag.
What do you think about the price of SPS and the current situation of it in the market?
