GLX is worth Considering to Stake for Long term..
GLX is the governance token of the genesis league sports game and this game is currently under development. Play to earn is a fantastic segment in the crypto market where we can earn real money through gaming. This is still in the early phase and I am sure that in the next few years more people are going to be part of this ecosystem. It is because it provides us the opportunity to earn money while getting entertainment through gaming whereas with traditional gaming it is not possible.
I have been playing splinterlands for almost 3 years and my experience has been amazing with this game. I have got more than I expected so I am super excited for another game launch by the same team. I expect that the current bear market can affect this new project but that will not stay for long as long as the community show some love towards the project.
The new token has already been launched and we are getting the AirDrop every day if we have SPS holding. The current price of this token is down where as we have already seen a good price couple of weeks back. I believe it is too early for this spoken to get the realistic price in the market because we do not have any use case available. The use case is an important part of any token economy and once it is in place then I hope we can see more spike in its value.
I did sell out some tokens in the beginning when the price was pretty good but now I have started accumulating more because I do not want to sell at the low price. I am not sure when it is going to be there again where it was a few weeks back but in the meantime, I'll prefer to accumulate as much as I can. After SPS GLX is another to come that I will be accumulating and will see how many tokens I can manage to hold in my account. I would like to mention here that we earn daily rewards on the holding and this makes the overall accumulation plan even better and profitable provided we followed it for the long term.
I have decided that I will continue to accumulate a stake in GLX every day. The current apr earnings are pretty good however they may drop further because now I see a lot of people doing the same with accumulation and when there are more tokens deposited then it will affect the earning percentage. I am also looking forward to the game being live the next year and hopefully, you should be available for us to give it a try in the first quarter. There will be an announcement by the team once they are ready to launch the game and as of now we can buy the packs and wait for the right time to make the most out of this investment in the new game.
This is year-end time and a lot of people are selling crypto because they need money to celebrate Christmas and New year so probably because of this reason the prices may drop further. To be honest I don't see any reason to be worried because in the long run the project is going to grow and currently it is highly undervalued.
(Splinterlands is a fantastic play-to-earn game and if you like to join then do it through my affiliate link shared below-)
https://splinterlands.com?ref=reeta0119
Thank you so much
Stay Safe
Posted Using LeoFinance Beta
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
Congratulations @reeta0119! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next payout target is 24000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Check out our last posts:
Support the HiveBuzz project. Vote for our proposal!
https://twitter.com/1117295600867766274/status/1607001965434925088
The rewards earned on this comment will go directly to the people( @reeta0119 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Thanks for sharing! - @alokkumar121