Have we reached SPS bottom? 11 days for the Airdrop end!

Time flies and now the sps airdrop countdown is moving faster it seems. It has completed 354 days out of 365 and it remains for just 11 days and will also end within this month and then we will how the SPS market behaves. Usually, during the airdrop, there is a lot of sell pressure which pushes the price down and I believe the same has been happening with SPS. I have been trying to accumulate more SPS throughout the airdrop I also did buy a good chunk from the market. When the price was around $0.15, I did my major buy as I never expected that price can come down to $0.05 else I would have waited, and at this price mark, I could have got 3 times more tokes for the same value that I have invested. Its ok as its markets and we don't know how it will react in the next moment and we just try something to accumulate at the lowest price possible.

Currently, the SPS price is $0.048 with an increase of almost 1% which is just normal and I have watched this space for quite some and seems like this price is going to be stable till the time airdrop continues at least and post the end of airdrop its difficult to predict the next move.

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I have 52k SPS tokens and I am getting ready to buy another big chunk before the airdrop end so I think this price is going to help me have more tokens but I will wait for the next few days and will see if there is a better price for the token. The Crypto market is bearish and if the bitcoin price breaks further then probably we can see more dips with sps price as things are mostly going with the pattern of bitcoin.

Why do I accumulate more SPS?

Here is my SPS stake and I am very happy to have 52k tokens. Earlier I wanted to have 50k tokens but after making it 50k, now I want to have a 100k stake and I am on it to achieve it by the end of the year 2022. So as of now, I am away from about 48k tokens and current if I buy these 48k tokens then I would have to invest around $2400 which is not possible for me to do in one go but I will surely do it in parts and that way it will help me grow my stake. This SPS price is insanely and looing at the current development in splinterlands its highly expected that the SPS price will grow significantly in the future and now is the time to build a bigger portfolio.

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I believe in the splinterlands project and I am very sure that it will grow amazingly in the next few years. SPS is the governance token of the project and so many things are planned with SPS which will bring more value to its price and later buying more will not be possible for me so I am filing my bag as much as possible when the price is low. I started my journey with splinterlands in later 2019 as a player and now I have heavily invested in cards, packs, and tokens and I will continue to do the same so that I can not just make my gameplay better and even enhance my passive income better.

The current APR is over 32% and surely not bad at all to keep the stake and earn this however voucher price is not doing well and this is why I am accumulating all my vouchers and later if the price grows then I can convert it all to SPS. I plan to buy some CL packs and probably with vouchers I can get more bonus packs so will see how I can make better use of my voucher tokens holding.

Thanks for reading

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(Edited)

Very interesting and what a lot of confidence you have in Splinterlands. It may well bring you good profit. I see SPS on Tribaldex, and the SPlinterlands website looks great.
Many thanks

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Splinterlands is such a fantastic game and I believe in this. Thanks for stopping by

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I play Splinterlands every day, and I've staked many SPS too. For the future, the price may go up, but of course if could go down too. I like HDB because it has less risk (very stable lately) and pays that nice 20% interest! For me, that is my token I chose to accumulate, along with Hive Power of course since I like to reward posts and comments every day.

Have you bought any PLOTs?
https://hive-engine.com/trade/PLOT

I think they were going for $9 when they first launched, then rocketed to something like $800. They are still way in profit at $163. Land will be a very big thing in Splinterlands when it is implemented, in my opinion!

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Hi @kenny-crane
I know that you are one of the big splinterlands asset holders and surely hold much more SPS than me. You are right that price can go either way and its possible.
HBD is indeed a great choice that can help us earn 20% which is a very good APR I must say. You have made a good choice and having more HP is always good. The more HP we get, even more, we want to have. I dont have HBD saving as I am trying to increase my HP but will do it after some time.

I have some lands that I purchased during the same but never thought that price can go this much. Do you think that holding Land can be more rewarding once it is launched?

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I am actually unsure how SPS will react because the developers want to change the DEC rewards from chest to SPS. So I expect a decent amount of selling pressure.

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I was expecting that post the airdrop this sell pressure will reduce but seems it will not make much difference but hopefully this will not be much like the airdrop. Let's see how things will be unfolded.

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It's interesting that you keep adding to the bag and you even intend to pass the mark you set before. This is amazing.

I believe in you.. you'll be able to accumulate up to 100k SPS. Keep supporting SPS and keep filling those bags. Cheers.

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I am on it and hope I can make it 100k soon. Thanks for your nice words.

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I am on it and hope I can make it 100k soon.

I believe in you, you'll get there soon.

Thanks for your nice words.

You are welcome.

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I believe in the splinterlands project and I am very sure that it will grow amazingly in the next few years.

Completely agree bro!
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Yes, bro. We both share the same thought for splinterlands

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Howdy Alokkumar;

Thought that you're so often on my Splinterlands posts, it was well and truly time for me to check out your content. It's amazing to hear that you've built such a massive SPS stack and looking to smash your goals. My stack is really tiny in comparison, I really got into the whole blockchain thing and understanding tokens and ecosystems way too late. But either way - on it now. I have been looking to stack SPT and pulled 40k odd together, aiming at 100k myself; what's your feeling on that one?

Anyways, glad to connect.
Tim

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Hi @lordtimoty
hope you are doing good and thanks for stopping by.
SPS is tokens that I think will do great and its time to accumulate more. Good to know that you have started your journey here. We share the same goal and this is so good.
Likewise Glad to connect with you, Tim.

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