The last couple of weeks for the Splinterlands landscape have been subpar for the assets that we are all most likely holding. We've seen DEC fall to the price of roughly 0.0016. In synchronicity we have seen common reward cards fall to roughly 2 cents a piece. If you're in the market for a Gold Foil common reward card it's gonna run you about 56 cents. We've also seen the fall of many cards from previous sets plunging up to 50% on some cards that are still seeing significant play. You can almost get 300 Cp for a dollar and that's a healthy place for it to be for entry of new players in my opinion. Plots are now trading towards $250.
If you've been holding a significant amount of assets in this time you have probably seen a decline in your holdings. A lot of people seem to be bearish on the Splinterlands landscape and I see a lot more FUD in the Discord over anything. While Splinterlands has been declining we have seen Bitcoin and other Crypto pretty flat or slightly declining. The sentiment of players seems to slowly be souring as our time and investments are meaning less and less. I see a lot of people pursuing other ventures with their capital and rebalancing their risk with Splinterlands.
I want to put out there that I have never been more bullish on Splinterlands and that I think this is the perfect landscape for all players with conviction to really dive in as much as their risk tolerance will possibly let them. I'm not trying to convince anybody that Splinterlands is going to moon, but I do believe that there is a lot of money on the table staring us right in the face. There are a lot of different ways you can play this and I want to just outline a few for you and really show why I'm so bullish on the Splinterlands product.
The first thing I can see myself doing is absolutely stocking up on DEC while the price is still so high and the airdrop length is still so long. I was very bullish on this decision before but I knew there was still a lot of risk if DEC somehow blew below it's soft peg. With absolutely nothing backing DEC after the airdrop ended I was slightly fearful that I may have some bags to hold until some utility was put out by the team. In the latest Town Hall I absolutely found the key info that I needed to back this decision. During the last Town Hall it was stated that when the SPS airdrop ended that they would allow us to buy a Chaos Legion pack for 4000 DEC. This is exactly in line with the soft peg and is the perfect escape plan if DEC does indeed go to the soft peg or lower. Not only that but you would get airdrop points for the packs if the set is not sold out by then. Let me run some math for you to show you the possible returns that could be had from holding DEC.
The current airdrop ratio is 13317 airdrop points is equal to 1 SPS a day. Let's say you held 13317 DEC for the remaining 108 days. You would net about $10.80 in SPS for holding only $22 of DEC. If DEC went below the soft peg you would still be left with $13.33 worth of packs out of the shop. Remember this is the absolute worse case scenario and you would still see yourself profiting. If Dec stays higher than the peg you can just spend it on whatever your heart desires and that's what we're hoping for! Another alternative route is start throwing that SPS you gain in with the DEC your holding into the DEC:SPS Liquidity pool and really watch that SPS drop!
The second thing I can see myself doing is absolutely loading up on collection power to rent out. This one is a bit more risky for sure, but with a long time horizon I see it paying off the most. Right now you can max out a level 8 exploding rat for $8.51, cheaper if you do it through bids or at the end of season when people liquidate their reward cards. For this max level exploding rat you will get 2,415 collection power. With this collection power you can rent it out for approximately 8 cents at any given time, much higher near end of season. Meaning for the remainder of the airdrop if you consistently rented this guy out you'd earn back $8.64, even more than your initial investment! You would also be earning approximately 0.18 sps a day. Netting you 19.58 sps by the ended of the airdrop. Or pretty much another $2! Look at the ROI on this and tell me that's not insane. Factor in eventual card appreciation and you have yourself a real winning ticket of an investment!
With returns like this possible and the future of Splinterlands looking brighter than ever I know that I'll for sure be taking these two routes to grow my account more! If you guys have anything else I'm not seeing as an obvious bag to be made while we still have this SPS airdrop kicking around please let me know in the comments or hit me up on discord!
In conclusion, I'm really not sure what all the FUD is about. With cards getting cheaper, it's an opportunity for new players to get themselves a decent deck going for a good price. I think that new players can be competitive with a smaller investment than before will definitely attract newer players that are here not just for the earning, but for the competitive nature. Not only that, but as I have displayed above there is a significant room for gains to be made on accounts that are already established with a little asset rebalancing. I'm not encouraging everybody to sell their collections for rewards cards, but maybe acquire some instead of go for that new shiny card. At the end of the day everybody is allowed to invest in whatever they want, however they want but I don't see why all the FUD is lingering around the Splinterlands community lately. Also DEC is still nice :)
I want to help all of you guys grow your accounts and earn some SPS too so today I'm gonna be giving away a 1 BCX exploding rat to help you guys max out yours and get that sweet extra CP to rent out! All you have to do to participate in the giveaway is leave a comment below and like the post! Make sure to check out my recent post where I'm giving away an epic Djinn Renova! @eirth/good-friday-giveaway
Thank you everybody for reading and I hope you all have a Splinterific day!
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