Accumulated 137K SPS and moving towards 150K Goal in Splinterlands

Bitcoin has shown some positive momentum and this green colour is always good. The Bitcoin price has grown by almost 35% in the last seven days but this impact is not visible in the sps price. The price for the SPS token has not increased in the previous seven days but yes you can see some increase of about 3% in the last 24 hours. I still buy SPS because it is part of my goal and I am trying to make it 150K sps tokens as soon as possible or max by the year-end. If I can make it more than this then it is always good because having more SPS means a better reward in the system and we cannot ignore the APR which is ongoing with almost 15%.

The total utility in the game is significant because first, it plays an important role in the reward distribution. You can use the token for various purposes within the game ecosystem and out of all the game reward is the biggest part where the SPS stake is considered. Those who have no balance for SPS in the game account can also earn the reward by 1X but holding more means you can go up to 12X depending upon what balance of SPS you have in your game account.

SPS Price

Here is the price movement for SPS in the last seven days and you will observe that there is no movement on the price and we can see only very few spots for green colour which is very less. There have been some changes in the game and even after making sps a requirement for a better season reward but the price impact is not visible on it and I am not sure if it went down because of the rebellion presale. There could be a possible reason that people are sending their sps to buy rebellion pack through Dec and this way they are converting the sps to dec token. The DEC token has shown some positive movement recently and it is all because of the rebellion pack pre-sale launch.

src

137k SPS Holding

Here is a snapshot of my balance and as of now I have 137k SPS and I am getting much closer to my goal which is 150k. I am a bit flexible on my goal because if I can make it 150K then anywhere it's good but if for some reason I can grow it even more and go beyond it then this is another good thing and I also want to do this. While this stake is helping me have better rewards in the game but it is also earning an APR of over 15% for me. This can be considered as a great option for passive income because the token is available at a lower price but APR is significant because 15% is something that we cannot consider as low. We always have the possibility to see the price increase on SPS and vouchers also which can be another benefit if it happens.

My accumulation of their spears is going to be long-term stuff for me because I believe it is better to accumulate as much as I can this time when the market is not in a good situation. This time I can get more SPS at a lower price and with SPS I have no plan to sell because the focus is more on the building side so it can help me play in the higher league with the maximum reward multiplier. I have been playing mostly in the Golden League but now started shifting towards the diamond and here I am running short of the SPS balance. Having more spears will enable me to have the 12X multiplier in diamond leaves which is what I am trying to achieve. Once the new pack is openable in the game then I believe that game is going to be more exciting and that is when there can be more demand for SPS because players will try to get better rewards and for that sps is the key.

My strategy with sps is simple I want to accumulate as much as possible because I'm not sure if we are going to get a similar opportunity again once the market sentiments change. It is difficult to predict how things will be in this market because nobody can exactly predict the market sentiments. Because of this whenever we see the opportunity we should be making the most out of it and the same I am trying to do this time when the price is less than $0.02 for an SPS token in the market. I have been buying spears when its price was 30 cents and at that time I was not aware that it would be going below $0.02, I would have waited for this price and now my holding should be easily about a million approximately. Holding 1 million spears sounds like a great balance and if I can make it happen then it is going to be a really big achievement for me but I know that it is a time-consuming process.

Thank you

Posted Using InLeo Alpha