Hello Friends,
Good day to you. Hope the day is going well for you as it is Monday your weekend was good.
An in-general statement I can say that this is the time when you can think of building your portfolio for the next market reverse cycle or situation you can say. I'd like to make it clear that it is not any sort of financial advice but I have realized some market behaviour after studying it for the last few months. Majorly I am focused on the game and Leo Finance Project which is on the hive. this time the price is not low it is much lower than what it is supposed to be and this is the reason, we can think of buying more. people are in the crypto market just to make money and the right strategy would be to buy the assets at low prices and sell them at high.
Everyone would love to have some profit on the investment and the fundamentals are applied as the same that we buy assets at low price and sell at high price. I do not know how the situation will be in the next market bull run cycle and to be honest I have not watched it happening closely in the last one. I remember when the cycle was going well in the crypto market last time because media channels were promoting crypto like anything at that time. This has helped the Crypto market to get more attention from many people at that time but still, the awareness is not much. How people need to understand that they need to learn this market first if they want to make valuable returns here. Those who think that the crypto market is a method to become rich overnight then they are mistaken. It is highly recommended and important to have a proper strategy to make money in the crypto market else it's most likely expected that people end up losing money.
The token I'm going to talk about in this post is DEC and it is a valuable token in the game. when I say game then it is just splinterland because it is the only game I am part of. if I give you the context of this token then let me tell you that it is one of the tokens that was part of the reward pool earlier but now it is being replaced by SPS. I will be talking about SPS in another post later but for now, let's start to understand how this DEC works and why it is still an important part of it. This token is like a currency in the game as we can use it to buy anything on this platform including the cards and booster packs etc. of course.
The only change that happened with a token in this game is that it is not part of the reward pool which I think is a good change in the game. Now there is no way you can earn DEC tokens in the game except going on the rental market. If you rent out your assets in the rental market then you will be able to earn some DEC. Other than this way there is no other method you can follow to earn this token and this is why I expect that the value of this token has gone up in terms of the utility. here I am not talking about the price because I know that it is low and currently it is at a discount of 26% approximately. This token is said to be a sturdy coin where the value of one thousand tokens is worth one dollar.
The all-time high price for this token is crazy and I don't know what is the reason why it happened in the past. Please have a look at this price and we'll see that the price for 1000 tokens is just $0.74 and ideally, it should be $1 so we can save $0.26 on 1000 tokens and this is called a saving of 26%. If you buy a DEC now for any use which we can do later then for sure you are making a great deal on this token accumulation.
This is still a valuable token in the game and because we cannot earn through any way except rental if demand increases we can surely see the impact in the market. I have seen a few posts in which people are talking about the importance of this token once we have lands launched. I do not know much about it because I do not own any land but if the value grows for this token then it can be a good time for us to get benefits. I buy more DC for my rental requirement but you never know if I can have a few 100K in my wallet then it would be really good. please do not ignore the value and importance of this token in the game.
I am part of the game so if you are not and want to be part of it, please use my link-
https://splinterlands.com?ref=shriram19
Thanks for stopping by
