The Splinterlands DEC price keeps ripping higher
As the Splinterlands DEC price rips higher, we take a look at the demand generated outside of our Hive bubble.
Looking at Hive-Engine token charts following a rip your face off HIVE rally, can be a little depressing.
Thanks to our friends in Korea, all of the Hive-Engine charts look like a dog’s breakfast.
Well.
All but the somewhat disconnected Splinterlands DEC chart that is!
Let’s take a look at what the price of DEC is doing in terms of both HIVE and USD, then share some thoughts on where things may be headed.
The Splinterlands DEC Price
When it comes to pricing Hive-Engine tokens in HIVE, there are some quirks.
While a HIVE rip will bring the USD price of layer-2 tokens up too, it also means that they fall when priced in HIVE.
With the base pair for all tokens on Hive-Engine being HIVE (funny that), we usually end up with a sea of red.
As I’m sure anyone here in this community who is overweight LEO when compared to HIVE, knows perfectly well.
Damn that LEO:HIVE conversion rate!.
But with Splinterlands already becoming so much more than the humble Hive-based game it began as, DEC continues to buck the trend.
Take a look at the following DEC chart from the Leo DEX below.
You can see that price did initially fall, but that V-shaped bounce found on no other Hive-Engine chart, is telling.
What this tells us is that there is true demand for Splinterlands DEC outside of the little Hive bubble we’ve created for ourselves.
Most notably on Binance Smart Chain, where liquidity pools featuring DEC have not only sprung up and flourished on Cub Finance, but on massive platforms like PancakeSwap as well.
The V-shape bounce you can see on that chart is arbitrage bots taking advantage of the initial price mismatch between native and wrapped versions of DEC.
It took them a sec, but free money is free money and as Hive ripped, the mismatched DEC left in the market was quickly snapped up by our savvy robot colleagues.
It would have then been immediately sold on BSC and with so much external demand for the token, normal service then resumed.
Normal service being the bullish trend you will see on the following DEC/USD chart.
Not even a blip.
True penetration outside of the Hive bubble like this is something that the Hive ecosystem needs.
LEO has made steps to achieve this via their wrapped versions of LEO on both Ethereum and BSC, while the Cub Finance platform has provided a cross-chain use case.
But the largest demand is still driven by the LeoFinance community.
Splinterlands DEC is the first Hive layer-2 token to truly break free from the Hive bubble and didn’t the Hive blockchain need it.
Final thoughts on the Splinterlands DEC price
Something else I wanted to mention was that the Splinterlands card market has also staged somewhat of a recovery.
We’re also seeing fresh demand for the in-game Splinterlands NFTs.
Anyone who bought a Gold Furious Chicken while they were on sale will certainly be smiling today.
While wrapping up the content on this DEC blog, the price of SPS is also going ballistic.
With holding DEC being one of the most cost effective ways of receiving SPS airdrop points, it doesn’t look like demand will be drying up any time soon.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on the Splinterlands DEC price, within the comments section below? All comments that add something to the discussion will be upvoted.
This Splinterlands DEC blog is exclusive to leofinance.io.
Posted Using LeoFinance Beta
Will it ever stop going up? It seems unstoppable hehe 😉.
Let’s see after the Chaos Legion launch 🚀
Buy the rumour, sell the news...?
Posted Using LeoFinance Beta
I would bet on that 😉
Posted Using LeoFinance Beta
DEC is going out of the roof and it looks like nothing can stop it. Now I am piling mine thinking that I will use it to buy Chaos Legion packs. I only wonder if that will determine a big drop in the price or not, what do you think...?
Posted Using LeoFinance Beta
What happens to the DEC that is used to buy the packs? Does it get burned or something?
Posted Using LeoFinance Beta
Yeah, I'm not sure to be honest.
I'm leaning toward it being a buy the rumour, sell the news type event.
But the thing is that DEC is so valuable for the SPS airdrop.
And the SPS price could easily 10x from here which would mean DEC is dragged up with it.
So maybe not.
Posted Using LeoFinance Beta
I think it's because of Chaos legion on the horizon. Lets see how things go after the vouchers for the presale have been distributed.
Honestly though, if DEC can get up to anywhere around $0.05-0.1, that'll be a huge victory for me.
Posted Using LeoFinance Beta
But what do you see happening after Chaos Legion?
Do you see it being a buy the rumour, sell the news event?
The wildcard here is that DEC is still so valuable for the SPS airdrop.
And the SPS price could easily 10x from here which would mean DEC is dragged up with it.
I just don't know.
Posted Using LeoFinance Beta
I thought $0.01 per DEC was crazy but now we are at one and a half cents and we might even see two by the time vouchers start to drop.
What I'm trying to weigh in now is if the voucher drop will actually pump DEC and SPS prices even more due to demand for them or will they start to tapper off.
It should in theory increase it as people will be using DEC to buy packs most likely. It's going to be a VERY interesting end of October and I'm kind of pumped to make some big life changing money.
Posted Using LeoFinance Beta
Do it mate. Retire on a fucking game. 😁 Towards the end of the airdrop, I anticipate everyone buying more SPS and stake it. By then, we might have tons of other use cases for it. 🚀
Posted Using LeoFinance Beta
It seems the effect voucher drops will have on the DEC price, is the question on everyone's lips.
Buy the rumour, sell the news?
Or will demand remain thanks to the SPS airdrop and the potential for SPS to keep pumping.
Hmm.
Posted Using LeoFinance Beta
Should I buy DEC or Should I buy more SPS and Stake it?
I think I should do both!
Posted Using LeoFinance Beta
If your main goal is to end up with a huge stack of SPS, then buying DEC can almost be seen as a free buy.
I just can't see the price of DEC dropping until at least the final 3 months of the SPS airdrop.
And even then, maybe not.
If you can time dumping your DEC for break-even, then you just end up with all the SPS you earned, essentially for free.
Posted Using LeoFinance Beta
Makes sense. SPS airdrop seems like a "once in a lifetime" opportunity and we should milk it as much as we can. ✌
Posted Using LeoFinance Beta
I believe things will be crazy until the launch of Chaos Legion.
Some people believe SPS could hit $2 before the end of the year
Posted Using LeoFinance Beta
From some of the chats we've seen on LMT, I'd even say $2 seems a conservative price target for SPS.
Splinterlands is wild.
Posted Using LeoFinance Beta
This gamification is changing every day and the price is shooting up every day.
That's the good things we are gaining in Leo finance
Posted Using LeoFinance Beta
Do you have any DEC?
Posted Using LeoFinance Beta
I don't have it.my problem is I don't know how to swap them. The last SPS I swapped I didn't see it in my account
Posted Using LeoFinance Beta
I am wondering if I should move more DEC from my in-game wallet into CubFinance...to lower my cost basis and if it drops down, more DEC for me is always a win.
Posted Using LeoFinance Beta
Yeah, I personally have all my DEC in the DEC:BUSD LP on Cub Finance.
Losing on the DEC side as price increase certainly sucks and with the yield now at 2%, it's probably time to reconsider.
You think that the price of DEC is due for a pullback though?
Posted Using LeoFinance Beta
Yea I do think it will move back to the PEG eventually.
Posted Using LeoFinance Beta