Where is SPS Price moving in the Market ..

I often talk about Splintershards (SPS), the governance coin of the splinterlands game. I keep a close track of this coin price because I want to build a more considerable holding of the coin and I have been doing it for many months. I can't buy a huge amount in one go but there is another way that I have been following to buy in parts quite frequently and power it up. Whatever tokens I buy from the market are deposited in my game account and this way the holding starts earning an APR of approximately 16% as of now. This reward APR has dropped this month because of the change. Now the team has implemented a change this month that SPS is the requirement to get multiplier and needless to say that with a higher multiplier, you will be able to earn better rewards in the season.

I am in favour of this change in the game that is called reward multiplier and there is a slab on which this multiplication will be counted. I have been building the sps stake for the last two years and now I hold approximately 118K but my goal is quite big here. I want to have 150K sps this year and even after that I will continue to accumulate that will take me towards 200K and even more.

SPS Price increase

I was very happy when the SPS price was low because at that time I was able to buy more tokens but after the change, the price has gone up. Ideally, I should be happy because I'm a holder and price appreciation is always something that any holder will be happy about but here things are different for me. I have no plan to sell out SPS real soon and I'm still in the buying mode so as a buyer I would always expect the price to be on the lower side so that I get more quantity for the same price. I had 100k sps in May end and now with the end of July, I have 118K. This is a good amount I believe which I was able to add in the last couple of months and if the price would have stayed at the same level then probably making it above 125K or above was easily possible for me.

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Even after the price spike I have been paying attention to its price and keeping a close watch. Now if we look at the above screenshot then we will figure out that the price is slightly coming down and I am waiting to see if it can come below $0.02. Although I buy tokens even now but with a small quantity however if the price goes down below 2 cents then probably I'll be able to buy more tokens and this is the reason why I am keeping a close tab on its price. the trend which we can see with the sps price as per this chart then it seems like it will be going below $0.02 in a couple of weeks and that is going to be an opportunity for me to buy another few 1000 tokens.

Current SPS Holding

This is what I hold at the moment and its 118k approximately as shown in the below screenshot. I hardly look at its USD value because this is not important to me. What I care more about is growing the SPS quantity and since I want to play in the diamond league with a higher multiplier so I would need approx 160k SPS and I want to make it happen as soon as possible. I have already shared in one of my recent posts that the SPS accumulation is going to be a continual journey because the highest league will require 1.2 million and that is a massive amount of tokens which is not easy to accumulate. Whoever will have this amount must be a great excellent reward and if not a player then also a good DEC reward can be generated through an SPS lease.

SPS Building Strategy

I earn SPS through different ways in the game including the SPS balance with an APR of 16% approx along with the node validator reward which pays me 20 SPS in a day. Some other options including gameplay, lands and even brawl are also getting me some sps and all the tokens are getting added to my balance. Apart from this I buy from the market and add to the stake and this strategy I have been following for quite some time. I want to start it again but for that I want SPS to go below $0.02. It's not financial advice anyways because if you believe in the game and the overall ecosystem then invest and if not then please do your research.

My goal is for the long term on this game and I keep on investing in different components however because of SPS I could not focus more on the different assets. I also played some battles in modern format and realised that my current card collection is not good enough for this mood of battle so I am also going to do some card shopping from Chaos Legion Edition soon.

I have many powerful cards in my account but most of these cards are from the older edition and these can not be used in modern and because of this, I like playing wild format. Now bots are excluded from modern so all of them will come to the wild and I expect more completion in the wild and this is the reason why I am trying my hands at modern format. Let's see how it goes and is going to try something here to make things better for cards/upgrade and buy is the best option I believe. I have no idea about the reward in the modern but I got to know that its better as compared to the wild so maybe this change can also bring me more rewards while the SPS stake is another plus to add more value to my game account as well as in the reward.

Thank you

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