15K SPS Goal is Achieved Before 2023

avatar

Many people do not like the bear market but it is by far the best time to buy tokens and stocks at discounted prices. I set myself a goal to stake 15K SPS governance tokens and achieved this goal even 20 days earlier thanks to those who sold SPS for $0.03 in the market.

grow sps reward splinterlands.png

It did not take too long for me to pile up thousands of SPS tokens thanks to 2 primary and 2 secondary factors. I want to share my experience with the investors/players of Splinterlands to give some insights.

Major Factors: Validator Nodes & GLX Airdrop
Minor Factors: DEC peg & Battle Earnings

Validator Licenses and GLX Airdrop

The vast majority of my recent take has come from the airdrop of GLX on Genesis League as each day I bought 30 to 150 SPS tokens thanks to the airdrop tokens and stake rewards. The airdrop is still going on and I'll continue my re-investment strategy for some more time.

Aside from GLX Airdrop, I daily receive 22 SPS and 4 Voucher tokens from Validator License. For SPS Maxis, it is a good opportunity to ape into SPS by swapping Vouchers to SPS for further benefits.

When Licenses and GLX come together, they provide an exceptional chance to investors who believe in the best Play2Earn game in crypto 😉

DEC Revenue & Battle Earnings

As you know, 1000 DEC is aimed to be pegged to 1 USD but the price fluctuates a lot in the open markets. Nowadays, the price of DEC is rising and it even tested $0.8 per 1000 DEC.

I realized that if the price reaches to peg, I'll make 20% profit by holding DEC. However, if I buy SPS for $0.03, it may test up to the previous ATH initially before it skyrockets. Thus, x20 potential is too attractive for sure.

Other than these factors, Battle earnings and Guild Battles are nice sources for players to stake SPS as a result of their achievements. I earn 2-3 SPS from the battles and the guild battles bring me 20 - 25 SPS depending on our success.

APE Mode Till 20K SPS

As the global risks are driving the economies, we cannot separate our investment decisions from the trends markets are forced to be in. If the price of SPS tests $0.02 in the worst-case scenario, I'd level up my investment decisions to enjoy the cheap price of SPS more.

If the price of SPS keeps decreasing with the whole crypto market, then my staking strategy would yield much better results. However, if the market settles down the prices turn to normal times, then I may reconsider my investment plans.

When you stake SPS, you get SPS, Vouchers and GLX at the same time. I believe the fair value of SPS token is much higher. However, if there are cheap sellers of the project, there will also be some people who multiply his/her SPS bag.

What do you think about the price of SPS and the current situation of it in the market?

Posted Using LeoFinance Beta

splinterlands proofofbrain ctp neoxian archon crypto cent play2earrn leofinance
0
0
0.000
17 comments
avatar

A big congrats on achieving your goal! 👍👍👍

0
0
0.000
Reply
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
Reply
avatar

Congratulations and I think it's not a bad idea during the GLX airdrop. I just think there needs to be more focus on Splinterlands and I am not sure I like it with the team size being cut but Genesis League Soccer and Tower Defense are still going forward.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I think the team had to take such a decision though we do not know how high operating costs are.
20,25,30k will be my targets for next year ✌🏼

0
0
0.000
Reply
avatar

Thanks for your sharing!
I also target to reach 5K staked SPS in the game by end of this year because of GLX airdrop.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Dear @idiosyncratic1,
Your support for the current HiveBuzz proposal (#199) is much appreciated but the proposal will expire soon!
May we ask you to review and support the new proposal so our team can continue its work?
You can support the new proposal (#248) on Peakd, Ecency, Hive.blog or using HiveSigner.

Thank you!

0
0
0.000
Reply
avatar

Dear @idiosyncratic1,
Your support for the current HiveBuzz proposal (#199) is much appreciated but the proposal will expire soon!
May we ask you to review and support the new proposal so our team can continue its work?
You can support the new proposal (#248) on Peakd, Ecency, Hive.blog or using HiveSigner.

Thank you!

0
0
0.000
Reply
avatar

If you believe in the platform and can see a way for the token to achieve price stability in the future, then increasing your stack at these prices is a no brainer.

I don't have enough HIVE!

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Though the SPS price is down, somehow airdropping GLX helps in reducing the loss. I also want to grow my SPS but in my case, it will take more time if ever I will reach that 10,000 goal.

!PIZZA

!CTP

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I think the sellers forget about GLX airdrop that is for 365 days ☄️

I pile up every single day ^^

0
0
0.000
Reply