Time to Increase SPS Bags?
As the year comes to an end, the Splinterlands team took a break for the holidays and will resume town halls next month. And with this lull period, I thought the markets would stay moderately steady throughout the rest of December.
So I was pleasantly surprised to see that Splinterlands assets are showing signs of growth. The DEC is still holding its peg, SPS is slowly increasing in value, and Rebellion is closing in to $4 which is the same as the in-game store market value if voucher discounts were used.
And while $0.033 seems high from its recent low of around a cent, the current SPS value is still a long shot from its previous high of one dollar. Of course, that valuation is far-fetched in today's current economic environment but if the bull run do get into full gear, who knows what will happen? This is not a financial advice but in my opinion, this would be a good time to fill up one's holdings in SPS.
Some Ways to Gain SPS
So aside from directly exchanging fiat for SPS, you can also gain it from other sources. Of course, there is the main bread and butter of the project which is the card game. You can gain a decent amount of SPS just from participating in daily ranked matches. However, I am having trouble doing that right now because of how hard it is to play in the current modern bronze league.
And then there's providing liquidity, which is also a nice way to gain passive SPS. Liquidity is something that not many utilize as it needs a bit of capital in order to gain a nice return. But with the current APR, it is indeed one of the best passive ways to earn SPS without worrying too much about digital asset fluctuations.
There's also the land aspect where you can build SPS mines. If you own land, this is also a good way to earn SPS as you can take advantage of the currently low total land utilization. I believe that not even 20% of the total lands are being worked on by players. This means only a few will need to share the daily SPS pool allocation.
And then there's the Nightmare packs. This may be a bit risky but it also produces daily SPS. Each pack current yields around 0.078 SPS daily. This might not be as high as the other sources, but at the same time, I like to treat Nightmare packs like government bonds. Although the tower defense is in developmental limbo, which we may not even see come to fruition, the fact that the team made a promise on the project is worth something. They may scrap the whole project altogether, who knows, but they have to make the investors whole. Exchange each pack for Rebellion 1:1, a larger point equivalent for the upcoming burning event, I can only speculate. But in my opinion, the pack will retain value one way or another.
These are just some of the ways to gain SPS. And the current market cap is just around $16 million which is quite low compared to other well-known play2earn projects. And the fact that SPS token exists in other bigger chains such as Binance may provide awareness to other players and investors once they see the growth SPS is having. We may be well into a prosperous 2024 so it wouldn't hurt to be prepared. Not financial advice.
If you're new to Splinterlands and would like to give this game a try, feel free to use my affiliate link here. 👉https://splinterlands.com?ref=sudeon👈
Thank you for reading and see you in the battlefield!
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DEC holding peg and packs on Hive Engine pushing $4 is a very good sign I feel, it shows that all the incentives are lining up to back the value of DEC with packs at list price.
The game is worth the $4/pack in the markets view, and much of that demand for packs will flow into the DEC price , which in turn flows into SPS demand, which.....well, we know the story here....flywheel
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2024 is going to be exciting. That's for sure.
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Greetings,
Your presentation shows your progression on the Splinterlands game.
It is an inspiring achievement you shared with us in this article.
Happy weekend
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