Today is the 75th day of the SPS airdrop! And the price of 1 SPS at the moment of writing this post is 0.75, what鈥檚 that thing they say about magic numbers again? Uhmm, never mind, I don鈥檛 know either, correlating numbers are just fancy to see, numerologists would know better.
Through these 75 days, I鈥檝e accumulated a little bit over 3k SpS($2300) with almost 95% from the airdrop. I bought some at the point where it was worth $0.369 to flip for quick cash when it doubled in price but I鈥檝e not been able to sell it because....who sells SPS under 1$?
This is the fastest money I鈥檝e ever made for free given the length of time for doing nothing but holding Splinterlands assets and trust me it鈥檚 not even quarter as fast as I鈥檇 want it to be because this can only afford me few fractions of vouchers for getting CHAOS LEGION presale packs鈥攂ut hey I鈥檓 not complaining, I鈥檓 super preoccupied with brainstorming the best ways to increase it before then.
SPS when moon?
I don鈥檛 have as much balls as I鈥檇 like to have, maybe it鈥檚 for my own good, check this out, each time SPS reached a new high, it has a little bit of correction and continues the run, up until now this has been the pattern, a trader with balls will take advantage of this and drastically increase their bags.
I鈥檓 reluctant about doing this because while it might be possible to take advantage of swings like this, I鈥檝e seen pumps that took off and didn鈥檛 correct for a really long run
Should something like this happen while I鈥檓 supposedly waiting for the chance to buy back in, then I turn out being the clown. Looking at the chart above, we can see the quick move from $0.65 to $0.78
This is why I don鈥檛 have the balls, besides the rush to get into Chaos Legion requiring SPS staked, there are still many obvious variables that can still have a mooning effect on SPS. So maybe sometimes not having the balls is not so bad.
Word on the street has it that there will be a pull back in price of SPS after Chaos Legion presale is over but I find it hard to see that happening.
$SPS will be the most profitable medium of buying packs cards, and going forward, due to the 10% discount on using it鈥攅very SPS used for these purchases are burnt out of circulation, and you can trust that they will be in millions.
Players will also soon start earning SPS in battle, this means that SPS emission rate will become drastically higher, the present emissions are only from liquidity pools and due to the competitive rate of APY for staking SPS in game, players are incentivized to take advantage of it rather than dump their earnings, locking more SPS out of circulation.
Bitcoin is about to reach it鈥檚 all time highs, rumors of Bitcoin ETF approvals have been flying around the cryptosphere, the markets are primed for a parabolic movement all things being equal, it almost seems like a perfect timing for when Chaos Legion will begin鈥攊t seems like a really bad move to bet against BTC SPS! So Wen moon? Soon!
Some people will make life changing money in this space before this year ends and I鈥檒l like/want to be part of them, so I鈥檓 leaving a portion of the SPS liquid so that I鈥檓 not locked in and miss the opportunity when it comes by while I continue to grow the stake.
Let鈥檚 keep our fingers crossed as we hope for the best. Thank you for reading. Don鈥檛 forget.....battle till you drop...