SGS Splinterlands : April 2024 Update
Splinterlands has just completed it’s first competitive season since the Reward System has been changed. That makes this a good time to have a quick review of how the SGS Splinterlands Assets are performing after these changes since it’s also been some 5 months since I did a November Update
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The good news is that the playing deck is still very competitive in Wild Ranked and maybe even more-so since the Asset Rotation Completed earlier this year. For this latest season the @ssg-community account finished in Diamond I Tier – which is a big jump from the Gold I Tier where it was previously finishing.
The bad news is that the current market value of the playing cards (according to PeakMonsters) is approximately $777 USD, which is another drop since the last update. Unfortunately Splinterlands (and HIVE more broadly) seems to have missed out on the early Bull Market moves in Crypto and we remain near the lows. Hopefully this will turn around soon but who can tell.
Over the course of the last season (15 days) the playing account earned 214.469 SPS which at todays prices is about $3.22. As the only liquid reward now I put the APR on those SPS earnings at about 9.95% based on the total asset valuation. Not terrible but not great either. On top of the SPS rewards the account also earned a total of 8,250 Merits from Brawls and 62,376 Glint – the new non-transferable reward token for Splinterlands.
I wrote about Splinterlands Glint : What to do with it? last week and at the moment I don’t really have a good answer to that question. Unless the community has strong opinions on this I am inclined to just let the account accumulate the Glint for now until the situation becomes a bit clearer. Glint is a new development and the Splinterlands team still appear to be ironing out some kinks so it might be wise to wait for now.
Cool you're still grinding this out, go SGS!!
I don't hear many people saying good things about Splinterlands these days....however, they're still playing.
Rock on brother 🤘
Cheers mate.
yes, no body can tell, but yes, we can be hopeful, this time, hive and splinterland won't miss the bull run.
I think I have mentioned this before, but after a lot of the recent changes, I have been hearing several larger accounts just want to get out. I have a feeling once things start to pump they will likely liquidate and exit. I can't say I blame them. The introduction of GLINT feels like a punishment more than an improvement.
Yes, sentiment seems to be pretty bad at the moment. I have seen it this bad before though and it's bounced back strong. We will see...
I definitely hope that is the case. I have a pretty moderate investment in the game.
It’s possible for things to turn around then Hive and SPS will take a part of the bull run
I’m 80% sure about that
I'm not in this game, but I think it has a good future, volatility is something we are already accustomed to
I've read a lot of posts from people who don't like this system, so the team will have to go back to the old system so that new users can get on top of the project.
I can't give my opinion about it as I've tapped out of Splinterlands long ago and couldn't keep up with all the changes neither spending so much time and putting in money to keep myself in the ranks. I still have some cards but that's it..
If there isn't a clear answer, I'd say leave it as it is until you have the feeling a change may be good and then put out the question again to see what others think.
Seeing @bozz's comment, I think he may be right about people waiting for a price pump to get out.. I'd say as long as you like the game and want to continue, just keep going :)
!PIZZA
$PIZZA slices delivered:
@thisismylife(2/5) tipped @buggedout