SPS Staking and Current APR 37%
The Crypto market is down and it seems that it will stay like this for some time because there has been a big dump in the price and even BTC is moving around the range of 20k USD. It's obvious that when the Bitcoin price falls then we can see a similar pattern with alt coins as well and I consider this as a chance to buy more tokens. No market can continue to rise all the time and this is a normal phenomenon that which prices fluctuate so we need to be prepared for the same. Needless to say that now we are in a bear market and since we had a long bull market so probably this time we are going to have a long bear market as well.
SPS token is also affected by the market and the current price is less than 6 cents. Who can think that a token that has gone up to 1 USD is now available at a discount of 90-95% but it's crypto my friend and anything is possible here so we should have some plan for that or even kind of prepared for this situation if we have long term goal.
Sometimes We lose because of our long-term holding goals and why I am saying this, let me explain. If I had sold SPS at a range of 50 cents to 1$ then buy now so I could have much more than what I have now but I never thought that SPS can go at this much of low price. I surely missed this but I did not want to miss the momentum of holding and even the staking so it's okay if I missed but I am quite confident that I would be able to have a good stake that will bring more benefits in the long run.
My current SPS holding is almost 14k tokens and the ongoing airdrop is left for about 32 days. It's really sad that this airdrop will end in a month but within this period I try to bag more tokens because I expect that price will grow after the airdrop since it will reduce the selling pressure.
Although I have no plan to sell my SPS and book profit because I know that this will bring many benefits and for that I am keeping the stake but I also don't want to buy at a higher price and this is why I will prefer to buy more SPS. I am short of funds so I am planning to use my HBD saving for this reason and later I will add the HBD back to my saving since I think it's a good time to buy more SPS and take the advantage of the situation. I have already started the withdrawal and once I get this back in liquid then I will proceed to buy. It will be even better if the SPS price falls further as this will help me have more tokens.
I am bullish on the SPS and I am not the only one because there are so many players and investors accumulating SPS as much as possible which is good for the project and also shows the excitement and enthusiasm in the community.
Thank you so much
Stay Safe
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I am unsure if the future of the SPS price in this bear market, but I agree with you that it’s a good time to accumulate tokens.
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Your point of view for SPS seems right because prices are down but I belive in the project and sooner or later it will bring more value to the project and its price. Indeed this is good time to accumulate more tokens. Thanks
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I agree. Do you know what role it will play when Land comes to Splinterlands?
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I am not sure of it how things will be once land comes alive but SPS has a nice roadmap. It will be part of rewards, upcoming rift watcher packs and much more so seems future is bright and or that I am trying to have as much as I can
I will need to look up the SPS Roadmap. I heard we would eventually win SPS rewards for ranked matches...is that still the case?
How will SPS be linked to land?
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I have a lot of questions regarding sps. As a casual player I enjoy the game less and less with the new rewards system. That is fine for me but it makes me wonder about new players and if the game will grow towards a general audience or just a niche group of game players. I think it will be a niche game which is fine but I'm not sure about the tokens. I will wait and see. I'm only holding about 2000 sps so it doesn't really matter.
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What I know is that there’s still a lot of check and balances going on in the reward system. The main purpose is to curb bot farming, incentivize people to grow by rewarding higher levels more.
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Thanks for sharing! - @alokkumar121
doing good with SPS and current apr is still great
hello @reeta0119
no doubt that the strategy you want to implement on the SPS is very valid, because like you I think it will reach again the value of $ 1, this wonderful game is getting stronger every day, even more with the new changes that in my opinion are good, you have to wait for the winter to pass.