Splinterlands - Rental Market Status

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Recent town hall meeting is being interesting effects on both the buying/selling and renting markets. Today I discuss my own experience in current rental markets and what I see ahead for its future.

Bear Market Contagion

It seems when market prices of cards are felling so are the demand for rentals. Prices for renting my cards out are at an all time low while I had added tens if not hundreds of cards into the rental market. With an average of 1500 Dec earned daily while renting out close to 1 million CP in cards. This has a lot to do with current demand and drop in reward prices.

The rewards falling in value has lead to Splinterlands leaning toward burning remaining reward cards being distributed in hopes that a curb in supply would raise demand. Furthermore the drop in value of dec and other in game tokens has essentially pulled down overall prices of cards in turn effecting rental prices to the downside.

Positives in Current Rental Markets?

The old saying where there are problems there are also opportunities. This holds true in splinterlands. For the rental market it can be a positive for those looking to rent cards or are renting currently to find bargain prices now than in days pass.

I personally have seen alpha rental prices lower than that of even chaos cards such as summoners. The demand for legacy cards are wining but potential rewards remain the same. In other words we can spend less to rent legacy cards while earn the same amount of rewards now as in the pass. The value of the rewards may have drop like everything in the bear market but the rewards earned remain lucrative now as in the past during bull runs. Essentially when cryoo po to bull run returns we can see higher values on current earned rewards.

Conclusions

There are always a positive and negative to everything. Right now since prices are falling this is a buyers and renters market. Seeing in the past how a sellers and lessors market thrived it’s understandable that we can see peaks and troughs. In the long run this is apart of market cycles. Bull and bears duke it out while we see how it effects prices.

In general I am continuing to have to lower my rental costs in order to rent out cards and earn income. This has lead me to spending less on purchasing cards. The bottom maybe or may not be in my having tasted how splinterlands bull run occurs I continue to rent out cards and buying cards for potential of renting out some more.

I remain overall optimistic about rental markets and believe once card prices stop its decline we can see rental prices stop declining too.

Until next time thanks for reading!!!


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If you want to play splinterlands then SignUp Here

I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:

mawit07 rentals

If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!


THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!


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18 comments
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Ya market's not looking good. We just gotta imagine sps is worth 25 to 50 cents and it doesn't feel as bad. You also didn't take into account huge bulk buys from the christmas deal Splinterlands had which gave super good value for money which led to huge purchases. This probably played a big factor in driving card prices and rental prices down as well due to massive supply increase and with little demand to match it (no new players joining) along with a bear market, it's no surprise we going downwards. We just got to hope for the best and believe in the team.

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Yeah I didn’t mention factoring in the promo. Let’s just ride through this and hope indeed sps gets back to 0.25 - 0.50 !LOL

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ya for sure. 2023 might be the year

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This is the case with every game because of the bear market, its cards are being prized. And in a way it is very good for the new investor that they can buy good cards at low cost. I am buying my favorite coins and cards in bear markets. Sprinterland is a very cool and strong project. As soon as the ball market comes, the price of everything will be rise.

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im only renting cards and not playing, so from my perspective things are okay, at least im earning around same for last 2 months per day, only problem im earning in dec and value of dec decreasing, but im using dec to buy cards and cards are cheaper so its ok:)
Just need to survive long enough and increase my portfolio for next good run , i hope in 2024-2025 after halving of btc

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I am just renting out the cards that I am not using through a rental bot service. So I haven't been paying attention to the prices too much and it's still earning me something. So I don't really mind the market not being the best.

Posted Using LeoFinance Beta

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I do the same except that I manually adjust my rental prices. I am so cheap that I limit paying fees on bot services right now. !WINE

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I think paying the fees is worth it because I don't need to worry about modifying the prices. The only bad thing about it is the bad performance of the bot toward the first few days of the season.

Posted Using LeoFinance Beta

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