Time to start buying DEC?

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If you've been paying attention to Splinterlands in recent times, you'll notice that there has been a lot of talk surrounding DEC. The word is that a proposal is coming soon that will give DEC more utility in the coming days and that could lead to demand for the token.

I've been paying attention to numerous SPlinterlands accounts on Twitter and the word is that in the coming days, there will be a proposal that could potentially have a positive effect on the value of DEC.

The word is that it is very possible that we'll have the option to pay for Rift Watcher Gems using DEC tokens. Considering the level of demand for Rift Watchers these days, I reckon that making DEC an option will see more investors looking that way.

The way I see it, most people will prefer spending DEC which has a seemingly unlimited supply than spending SPS tokens on RW gems. When you think about it, SPS will always be relevant as a governance token for the platform and while giving room to spend/burn it is nice, people will generally not want to.

Curbing DEC inflation

The irony of the situation is that there has actually been a concerted effort to curb DEC inflation in recent times but that just doesn't seem to be working. Keep in mind that all this effort is geared towards getting DEC to the psychological peg of $1/1k DEC.

Getting DEC to the peg has been the dream for quite a while now and while we technically achieved the peg during the SPS airdrop period, we have fallen far away from the peg since then.

Other than introducing DEC as an option to buy Rift Watcher Gems, there have also been conversations about another proposal set to dramatically reduce the supply of DEC.

According to recent tweets and conversations in the corridors of Discord, DEC rewards might be completely taken away from certain liquidity pools. The tweet I saw mentioned the DEC/SPS pool as being the pool of interest in the coming proposal but it is not out of the question to think that there might be more to come.

DEC and the market

Personally, I've been trying to cash in on the situation by buying DEC tokens and just holding on Hive-engine. I already got $2 profit from my quick swap on Tribaldex and that covered for the slippage fee from the swap, next up is profit to pay the fee for converting Hive to Swap.hive.

Anyway, I think this might be one of the easiest flips I've ever made in my life and my only pain is that I don't have thousands of dollars lying around. This is not financial advice but assuming it was, I'd be urging everyone with spare cash to simply buy DEC and watch the numbers go up as it slowly heads to the peg.

At the current market price, you're looking at one of the easiest 35+% you could scalp from the market during this gruelling bear market. Considering how the entire crypto market has been in general, I think that's a decent chunk of profit.

Still, on the topic of profit, I also wonder how this DEC price action will affect the price of monsters in general. Peakmonsters indicates that there has been a slight bump in the price of assets in my collection ever since conversations about DEC and Rift Watchers started circulating.

I'll be watching the numbers for the next couple of days to see what the future holds. One thing I know for sure is that DEC is going to be one of the easiest flips as it slowly makes its way to the peg.

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11 comments
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I don't think those proposals will pass. They shouldn't anyway. It totally devalues the cards. Would be a great way for them to disillusion the early investors though. If they want to alienate them.

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I think the catalyst DEC needs to rise in value is the implementation of SPS reward for guild brawls. Tales from the Crypt Mancer made a calculation from his recent video which shows that you can get over 100 SPS each guild member even if your guild end up in the last place of the brawl. Once players caught wind of that, everyone will mad rush to use DEC for building upgrades or creating new guilds.

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Honestly there are lots of if's and but's going on around this proposal. Most of the users are sort of seeing the other way around.

Yes DEC needs to get to pegged but this way probably its going to have a ripple effect (even after that I bought a million DEC today). But either once the proposal goes up the community shall decide what will eventually happen.

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I've heard of the news too. It made me think that the price of DEC would pump up. If I have some extra Hive then I would have definitely bought some.

!1UP

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