The Splintershards(SPS) token
holds a pivotal role within the Splinterlands ecosystem, but regrettably, its price currently resides at a low point. This is primarily due to the abundance of liquid supply flooding the market. However, when the price is low, it often presents an ideal buying opportunity before a potential bull run. I am personally optimistic about the SPS token, recognizing its significance in the future Splinterlands ecosystem.
While market sentiment may currently appear unsupportive, sometimes it's worthwhile to go against the grain when you believe in a project's potential and have a strong gut feeling about its future growth. I have a high level of confidence that, in the long run, the SPS token will significantly increase in value. This belief is driving my focus on accumulating as much SPS as possible.
One of the token's standout features is its role in enabling player participation and governance in critical decision-making within the game, making it unique and inherently valuable. I firmly believe that the price will not remain stagnant and anticipate a notable increase in the coming year, particularly when a bull run occurs. Savvy users view this as an opportunity to bolster their stake and secure a more advantageous position.
My SPS Holing Status
I am close to hit the 100K SPS token milestone and will try to complete the same with in this year only. Today also staked a small quantity of 260 token.
At present Ii am holding 91.6 SPS token. Approximately 9.4K more required to hit the goal. The staking also reward with 14.89% Annual Percentage Rate( APR) which are nice as compare other investment.
The total worth of token holding in the wallet is $1298, and its a fact that the value has decreased a lot in past months. During the release of requirement of SPS staked token for reward Multipliers the price was moved up but afterwards if come back to lower side.
A little quantity (305 token) are in my Hive engine account. Approximately 20k token has been delegated out. I am not using the SPS rental market and all the delegations are for my alt accounts. Rental market is good option to earn passive income but I love to earn more battle rewards and loot chests. The rental market is better option for the users who not playing the battles, by renting they have two advantage, first is the staking rewards earning and the second is rental earing. I restricted myself to battling in Gold league and with currant SPS staking I am getting 11.7 multiplier for rewards. This helps me to pull good rewards which I believe more important for me other then the rental passive income. The Loot chest rewards with multiple rewards like soul bond card, SPS , Merits and Potions. I am holding more then 1000 different packs also so getting Legendary & Alchemy potions form the rewards is also not bad. The potions are good way to increase the legendary and gold drop.
Final Words
As I already mentioned I love to accumulate the token as much as I can. The lower price is beneficial as we will get more token with same investment. Their are many things going on within Splinterlands itself including the recent staff layoff. The land are near to release which will consume a big portion of cards form the market. The game sentiment will change once the Lands will be come into effect. Broadly it will create positive effect on Card market, DEC and SPS also. The Soulkeep is already delayed but as per the latest news shares in Town Hall the team has been divided into two groups and both the group had their own priority. So expecting the releases of Soulkeep in near future. The team is focusing on the long term growth and admit that in past the have done mistake like more concentrating on the short term growth. Good that he team is more focusing on the retention of userbase and also on new users onboarding. I am playing the game form last 4 years and seen when the game assets were down and again trey were on peak when SPS airdrop was release. I do not have any doubt on the team and believe the game will perform better in coming months.
Please not the post is not a financial advice and based on my thoughts and p[previous experience. Doing your own research before investment is always essential.
What are your views let me know in comment section.
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