This DEC-SPS peg seems a little irrational...?

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I understand why SPS is pumping a little - it's probably to do with the upcoming SPS node license presale going live in a couple of days - people are less inclined to sell in preparation for this....

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And I get that DEC is at least partially pegged to SPS... you can see the relationship pretty clearly....

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However this feels irrational when we know that DEC is pegged to a dollar, with the possibility to buy CHAOS legion packs for $4 or 4000 DEC - and we know that it's unlikely that DEC is going to remain about that soft peg of $1000 to $1 once the SPS drop ends (or more likely comes near to an end, everyone sells out early).

And there's not really enough days left to justify holding onto DEC at $1.20 per thousand which it is ATM.... hence why I'm gradually selling some for Hive.

Taking a 20% profit over 60 days worth of a 50% APR is I think worth it!?!?

It is indeed, time to sell a little more!

Posted Using LeoFinance Beta



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