Hello and Namaste Everyone
Splintershards aka SPS is a token with nice utilities in the splinterlands game. This token is almost two and a half years old now and the team has made it valuable within the game. I mean we can buy most of the assets using SPS. You can use your SPS holding for various purchases if you are a game player but if in case you are not, you have the option to rent it out. They have put a restriction on one week lease period which I think should not be the case. I have rented out my SPS for some time but because I play in the game so I should use it for myself. This is good for those who are not playing the game and while they are earning a good APR they can also earn some additional reward on top of that.
The price of SPS has gone up and looks like it is dropping. Below is the price chart which is for the entire year and you will be able to see that the price was very down between September two the start of November. Let me tell you that this is the same token which was valued at almost $1 at some point in time and now see how is it doing. The price was less than $0.02 for about two months but after the announcement of the rebellion and land, it is grown. It's like double of what we have seen in the last 34 months if you talk about the price.
This market sentiment is good for those who are trying to buy more but not good for those who are selling regularly. I am on the other side and I am planning to buy some if the price is good. I could have made it 50 KSPS by now if the price was low but not anymore because I see the opportunity coming soon when I can buy some if the opportunity is good enough.
In the Crypto market passion is the key and this is why we need to understand how it works. If you think that the price is not going to down then you are wrong because in this market anything can happen so you need to be ready for both ways. Selling at high and buyback at low can be also a good strategy so if you are ready then you can book some profit but I was not in that spot. This is because I had no liquid tokens and all tokens are staked in my game account. I can't predict the market and this is why it is difficult for me to say what should I follow with my SPS and to avoid all this confusion I just keep it all in staked form. At least it is helping me to have better rewards every season.
It is important for every player because the reward multiplier is based on your SPS balance which means the more SPS power is available as is taken in the wallet can get you a better reward. The market sentiments are good but I still believe that the best of SPS is not now but it will be happening soon when the market is in bull run sentiment.
I heard some Liquid tokens that are received as part of the reward so I powered it up all today. Now everything is staked and the updated balance you can see is more than 47K SPS. The dollar value is over $1300 as per the current market price.
This current value is not important to me because anyway I'm not going to sell but I am expecting some price drop so that I can buy more. I hope it happens and gives me another buying chance so that I can make it 50k. I know that with SPS it is like never enough but at least I should make it 50 to 60K tokens so that I can play well in the Gold League and whatever reward will be coming is anyways logged up in the game.
You can join the game through my affiliate link below-
https://splinterlands.com?ref=reeta0119
[Images are taken from splinterlands wherever not mentioned]
Thank you so much
Stay Safe
