Is it a good opportunity to buy $SPS at current levels $0.017 - $0.02 - My Strategy Ahead

Hey All,

I am a die hard fan of Splinterlands Governance token Splintershards $SPS. And it is a bit sad/annoying as well to see the price of the token trading close to its all time low price. I have been part of the project since years now and have been collecting $SPS tokens since it was Airdropped and continue to stake all my $SPS token to receive staking rewards at an APR of above 18+% which I feel is pretty decent. Here is the snapshot of my current $SPS stake which is close to 246K+ tokens staked which has an approximated value of $4K+, there was a time when only 100K+ $SPS was worth $25K+ but then of course at that point in time we were in crypto bull run and we know how fast things changes when we are in a bear market like in the current scenario.

My $SPS Stake closing 250K+ Mark...

There has been many GOALs that I had set for myself for $SPS. First I started with having 100K+ $SPS tokens. But then when I achieved my initial goal my hunger to accumulate more of $SPS ignited and then I went on to set myself a new GOAL of having 200K+ $SPS..This was also achieved and now I am targeting 300K+ $SPS staked by end of this Year 2023. With all the staking rewards and for HOLDing the in game assets, I am sure that I should be able to achieve my new goal for $SPS. Just that I should not mess up and do not land into selling any of the $SPS token. So this was it on my current stake and my journey thus far.

My Strategy Ahead for $SPS...

First lets talk about the price of $SPS; which currently is trading around $0.017 cents. It recently broke the $0.02 cents mark and continue to hover around this mark of $0.17 and $0.02 cents. My plan is that if the price of $SPS further falls i.e. trades below $0.015 cents then I am going to look for opportunities to buy $SPS in bulk and stake it all. So if at this happens and we see price of $SPS tank further its a stealer deal to grab $SPS at these levels considering its a governance token of the Splinterlands game as well. I am also invested into the DEC-SPS pool and currently its worth is close to $1k. I do get $SPS daily as LP rewards and it further gets added to the $SPS staking pool. Right now there is a lot happening like the - The Great Burning to bring $DEC back to its peg value. So, I am not touching any of my 630K+ $DEC for now and continue to
add more DECs to the pool via. my rental income stream. I want to get to a point of having 750K+ $DEC added to the pool. And once $DEC hits its peg value then I would take advantage of it in buying more $SPS by liquidating a chunk of $DEC from the liquidity pool.

The other thing I am looking at is my in game assets value, which is worth $40K+ having close to 13K+ cards. I plan to sell some of the cards to have some liquid dollars in hand so that when there is an opportunity to $SPS for cheap then I would be going full into it. I do understand that right now its not the best time to sell cards in the market as the prices there also have been impacted to an extent. And for that reason I would be looking for selling selected cards only for which I get a decent value else I will need to drop this plan if a good deal doesn't strike. So that's all I had for $SPS and my strategy ahead for it. I am optimistic to accomplishing my 300K+ staked $SPS plan and look forward to see a bull run here and we see our favorite token $SPS..to the moon...cheers

Have your Say on $SPS will its price bounce back? Is it the right time to grab some $SPS tokens?

What do you think, are we going to see a bounce back for $SPS or not? Is it going to 1 cent? What is your overall strategy for $SPS. Let me know your views in the comment section below... cheers

#splinterlands #sps #land #investment #nft #game #play2earn #web3

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