Splinterlands Daily Update | Thoughts On SPS | Market Watch: BTC Back Above $27k, HIVE Recovered to $0.36 (May 22, 2023)

Splinterlands

• 10 diamond chests
• 22 common cards
• 1 nice SPS chest

Daily Focus Chests: +10 Diamond | 70 Diamond Total

Guild Brawl - 2W 7L

• 3619 Merits
• 94 SPS
• Tier 4 Diamond Wild is wild

Quest to Modern Champion League - Not Today

• Just as I thought I was getting close, few games away to accomplish the mission... This happened next

• Another bloody losing streak to bump me all the down by over 150 points

• Ended the day only 13 points higher than yesterday at 3501

Not today...

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Crypto Market Today - Bounce Back

• Bitcoin is up almost $400 to $27k, nice yo-yo holding pattern
• HIVE followed the rebound, up 0.8 cents to just above 36 cents

Thoughts on SPS

• I look at how far I have accumulated SPS since I started this game just about a year ago...
• I have at least 4x SPS staked since, if not more, but the value is DOWN overall
• Is there a reason to spend THOUSANDS to buy SPS under the new scheme to get the rewards from the chests?
• (It is like helping Splinterlands pump SPS, while more SPS is being printed everyday)
• If you look at my daily rewards value, thousands of dollars in SPS, if the value doesn't go up, there is no pay back

It only makes sense, if I expected SPS to go up in value... at this point in time with the direction of the game, it is not promising

I get it, the game needs the cashflow to stay afloat to ride out this bear market, it may not be sustainable, but anything less is no longer #play2earn

Are we going to see SPS crack below 2 cents? Maybe if it gets low enough to worthless, a few hundred dollars won't be so bad (then again, the rewards will be worth close to zero then

The Usual (Left Over Crypto) Screenshots 👇