These days I am trying my best to accumulate as much SPS as possible, which is part of my long-term strategy in the game. I have been accumulating for a while and finally, I have reached the place where I am close to achieving my 200K SPS milestone. Needless to say, SPS is highly undervalued, and its price was increased recently but now because the market is down hence a slight correction has happened which I think is a great opportunity to buy more. Every week I try to buy a couple of times whatever maximum amount is possible for me in the market and hopefully this way I should be able to achieve my goal of 200K SPS this month. Again, I'm not sure because if the price goes up then I might have to take a pause but if not, then surely, I will continue to buy at the current price because I believe that this price is a steal deal.
I purchased over 1K tokens today and now it is time for me to power up these tokens. Every time I buy sps tokens from the market I power it up immediately because there is no point in keeping those tokens in liquid form rather than by staking it can start earning the APR. I need to transfer 1280 tokens from hive-engine to the splinterlands game account. This process is quite easy and I'm doing it which should be done in less than a minute time.
Now the tokens are transferred to the game account, and I can power up. A total of 1354 SPS tokens are going to be staked today. This will increase the boost from 8.87x to 8.89x and hope I can grow this more in future. Reward multiplier is something that everyone wants to increase as much as possible and even I'm trying but SPS is the primary requirement to do that which is why I am accumulating more so that even in the Champion League I can get a better reward boost for better in-game rewards.
Now I have 196K SPS tokens in my account and justice 4000 more needed to make it 200K. Now I am excited to make it happen as soon as possible because this is the goal that I have been changing for a long and finally the distance is not much which I hope that I will be able to do in the next couple of weeks or maybe days (earlier).
The current price for SPS is very low in the market and it is certainly a risky investment because you never know how things will be, but I believe that SPS has a higher potential to grow in the market cycle. I mean to say every crypto investment comes with risk but what we need to understand is what potential it has and if it is good then I think it is good to invest.
The tokens I am buying are not for booking profit immediately because if I do that, I will not be able to get better in-game benefits, and this is why whatever I am buying is for the long term so that it can empower my overall gaming experience. The current APR is more than 10% which is also good because this way I should be able to grow my holding even if I continue to reinvest whatever I earn. The apr has dropped but still, it is not bad I would say because one can earn close to 11% and it is a good percentage of returns even if I am not considering the market price appreciation which will happen over the period.
Snapshots taken from splinterlands.com
Thank you