GLX once was a revenue generator when staking.
Remember? It wasn't too long ago that GLX was selling for $0.30, like a month ago.
And now, we are at $0.046. That's a serious decline.
The value of GLX is dropping around $0.01 every few days.
Since there is no use for GLX yet, I expect it will continue to decline. More GLX is produced everyday from SPS staking and GLX staking. INFLATION EATS!
There's going to be even more on the market everyday for a very long time. More supply, less demand and what happens? Prices drop, and drop and drop and drop...
So I am cashing out my little stake of 186. The $7 it generates will go into purchasing more SPS. Which is also declining but at least at a lower pace.
I think SPS is likely to rebound sooner than GLX, or at least SPS will hit a flat line. And SPS generates more SPS, GLX and vouchers, so there are several avenues to cash the dividend check.
What's your GLX strategy? I plan to buy back when it reaches less than $0.01.
And remember free advice is worth what you paid for it!