Everyone invested in cryptocurrency is likely watching the Luna/UST fiasco but who would have thought when all this activity and hype in Splinterlands that DEC price which is pegged to $0.001 each has gone from an all time high of close 20x down to below $0.001 in a matter of a year?
I believe the main FUD in crypto markets is what is weighing down on the price of DEC.
There are close to 650k holders of DEC and not including those who own DEC but have not made an in game account. With a staggering 4.3 billion of DEC being held from all the holders.
Not more than a year ago was DEC riding high but current slump in price has gone down long before the current FUD in the crypto space.
I for one think this will be short lived and at the very least DEC will rise back to peg value. The token is necessary as it is in game currency.
This is different from the likes of stable coin UST or Luna. Bottom line is diamond hands on your DEC as a Splinterlands player. There is still daily SPS air drop for holding DEC. Meanwhile low DEC price gives way to cheaper upgrades in guilds. This is a long term investment to purchase guild upgrades.
So what are you doing with the DEC you hold? Do you spend it or keep holding?
Until next time thanks for reading!!!
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