Blockchain gaming is one of the segments that has been trading across this year and splinterlands has been a leading name in the list. Earlier gaming was more of entertainment and some sort of income also but it was not considered as an investment opportunity but this evolves and gaming has got evolved amazingly. Earlier axie infinity was one of the game's tradings on social media but splinterlands has made its entry all of sudden after the SPS launch. The right move plays an important role in any project and with the SPS splinterlands team done great work followed by many other things including Chao Legion packs. If we talk about #play2Earn games then we can't ignore splinterlands and its a leading name.
Currently, the price value of cards and other assets including tokens and packs is down, and does it seem that hype of the splinterlands game is over? Do you think that the craze is over the game? My answer is No and I have some reason to prove it. Let's try to understand why I say this -
Spllinterlands has got massive worth in last 6 months and card's prices were immensely high after SPS airdrop start because all these were contributing for increasing SPS tokens airdrop. Since cards investor was limited so people started buying whatever was available. Roughly the card price was up by almost 10 times and now its in the dip again. Its obvious that when demand is more but supply is limited then prices go up and the same happened. All the packs including Dice were sold out already and the launch of CL packs was announced. It takes time to bring more cards through another edition and now when we have a bigger supply of cards because of chaos legion so players have got more options to buy. Even if you see the price then you will notice that older cards' prices are high and only new cards are cheap but I doubt it will not remain the same for a long time. IT will need some time to digest the supply and then again we can see the price spike.
SPS price has up to $1 and now it less than $0.25 because in the second sale there is no additional benefit as the purchase of CL pack can be done only using the credit. There was option to pay through SPS along with a 10% discount and since the same got huge success because players used a big amount of SPS tokens to buy packs a this contributed to a price increase. This situation is also temporary and I am sure that SPS price will grow because the team has already announced that voucher drop will continue even after the end of the official sale. Holding SPS is going to long term profitable game as it seems the team has some solid plan but they are yet to reveal it and to get the benefits its needed to hold it all.
Splinterlands has got more than 1 million active players and to accommodate this increase more cards are required and it will surely take some time to absorb the inventory. Once it will happen in the next few months then again investors will be limited and prices will go up. Although its not financial advice however I am buying so many CL cards these days and I am very close to reaching the required collection to enter in Diamond 3 league.
So as mentioned on this we need 250k+ collection power to be eligible for the Diamond III league.
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Here is what I have and I am just 410 collection power away to reach this level and I would be able to do this in the next 1-2 days as I do buy every day. I have prepared a list of chaos legion cards and buying some cards to increase my deck.
- Game has full-on potential and this is the right to HODL all assets in the game. It is the same fundamental as crypto coins where its the right time to buy when prices are low and its surely a discounted buy. There are a few cards that I bought now which I have been eyeing for quite some time. There is nothing to worry and when I am getting the desired card at less price then I am not going o give it a second thought anyway. Usually, the downtrend does not last too long and I expect that once the sale is over then the prices for the cards will go up.
- Players are selling their voucher tokens to buy packs or other gaming assets and once the drop will be reduced after the end of the official sale then the value will increase and this holding will help to buy more cards and even selling can be more profitable.
Overall the game is growing and there is nothing to worry instead its the right opportunity to increase the deck and wait for the right opportunity. We have seen in the past that team brings something innovative and valuable all of sudden that helps to increase value and also to add more excitement to the game. There are many things that are awaited and so just HODL and enjoy the gaming. So hope is not over yet and its just a temporary phase and those who will make the right choice can be happy after a few weeks and months so the choice is yours.
Thank you so much.