I was planning on spending some saved DEC to purchase Chaos cards on the open market but in a matter of minutes the value of DEC fell more than 5%. Now I am hesitant to spend as the value of DEC is near a monthly low. Worse off is SPS as it seems to be hitting an all time new low at $0.017
It appears the Splinterlands tokens are tied to the performance of Hive and as of now Hive is noise diving and likely to break below $0.30. This is not good but on the flip side conversion from Hive to either DEC or SPS is slightly better.
For instance SPS to Hive is dropping so better conversion rates from Hive to SPS. This maybe a good time to accumulate more SPS before the new ranked battle rules of using staked SPS to earn rewards come into play. On the other hand as SPS keeps dropping it could be even cheaper in the days ahead relative to Hive.
I can not rule out making a big purchase of SPS in the near future as there is very good potential of high returns. I mean can you imagine if SPS just goes back to $0.03. That would almost be a 2x in price from current values.
My stash of liquidity in DEC and SPS continues to fall in value which is not ideal, but I have been investing heavily into the game and will continue to do so.
I do not want to spend my liquidity now considering how prices have fallen and my buying power has weaken significantly. With the price dropping rapidly I would hope at the very least card prices will drop to making it easier to spend what I have in liquidity. I still have eyes on cards I prefer to add to my collection, but for now will wait a day or two to see if card prices follow token prices.
Until next time thanks for reading!!!
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