My Thoughts on the Splinterlands Market

Greetings to my fellow Splinterlands Fighters today I am here to talk about the current market situation of Splinterlands and their Tokens. But first and foremost I hope you guys are well and taking care of yourself as the Pandemic has once again changed its gears into FULL THROTTLE and we need to be safe out there. I hope we all go through this Time period safely.

Now let's get started with the Splinterlands Market and I would like to start by the fact that lately, we have been seeing a DIP in the value of almost every Play to Earn Game Tokens as well as NFT's as I know my Entire Splinterlands NFT have dropped in value.

I don't know the exact value but my Deck of Cards was worth over 100000 USD and now it has dropped down to 70000 USD. Now I am ok with it as I am in no hurry to sell my NFT's nut still it is a point to be noted.

The next thing is the fact that the Price of DEC has been at a constant Decline as it was around the price of 0.01 USD and now it has fallen all the way to 0.003 USD.

The price has dipped a lot in the past month and even now if you look at the Market Depth of Buy and Sell Orders there are a lot more Sell orders than there are Buys. As for me I am definitely not selling any DEC instead I am buying more Cards from the Market using the DEC I am earning. It is also true that I am also not buying DEC as right now I am a little short on FREE CASH.

The next thing we need to talk about is Splintershards and how it has also been following the same path as DEC. Just about 3 months ago SPS was as high as 0.5 USD and fast forward a couple of months it is sitting at an ATL of 0.16 USD.

As for SPS, I am currently Staking a bunch of them to acquire VOUCHERS so that I can utilize them later on but it is indeed a little heartbreaking to see such a huge DIP in the price of SPS. My current strategy is to acquire all the SPS I get in a week and Stake half of them and sell the rest to buy other Cryptos.

All that being said the entire Crypto Market is on a downtrend so a little DIP in Splinterlands isn't worth panicking about. Plus I have been playing this game for a long time and this is definitely not even close to a reason to Panic and Sell and NFT's I cherish. Instead of doing that I am RENTING some Cards out and waiting to see the results of that.