145k SPS Staked earning 13% Staking APR and My SPS Goal for 2024

SPS is the governance token for splinterlands but it comes with multiple utilities in the game and this is why having more is good for a better gaming experience. One of the best use cases for the SPS holding is that we get a higher reward multiplier and this is the reason why I am trying to grow my overall SPS holding in the game. I prefer to keep all my tokens staked in the game account because this way I can be part of the better reward multiplier. Recently the price for sps has gone up and because of this I had to put a pause on the buy but still whatever reward I earn is staked. Some rewards are distributed in the staked firm but some rewards I get in liquid form that I keep on powering up from time to time.

There is no point keeping the tokens in liquid because it does not earn any APR and also with the liquid holding we cannot earn a better season reward because it is not counted for the reward multiplier. Whatever tokens I buy from the market are also staked immediately because that is how it should be and the moment I power up then it starts earning the reward for me. Although there has been a reduction in the APR in the last few weeks and it is because most people are staking sps.

My SPS Goal for 2024

I often share my post about SPS accumulation and how I am trying to grow my SPS holding. This is the snapshot of my balance as of now and currently, I have 145K SPS in my game account. My goal is to have 200K SPS this year. I wanted to have 150K SPS by the end of 2023 but there is some gap which is because the price was increased in December month otherwise I would have done it. Now because my goal is to have 200K SPS hence I am running short of 55K SPS that I need to cover this year and I hope that the market will give me the opportunity where I should be able to buy more and grow my holding.

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I am bullish on SPS because I believe it is highly undervalued considering what use case the token has got in the project and with the lands it is going to be even more valuable however that might take some time or probably when more people will be starting on the game. I expect that in the next bull run, Splinterlands going to get more attention and hype since it is a leading project in the segment. I remember the growth this game showed in 2021 and I expect that it will repeat in the next bullrun cycle which can be in this year or probably in 2025.

My SPS Strategy

This year also I will continue to accumulate SPS as much as I can and we'll see whenever there is an opportunity to buy in the market. I earn SPS through different ways in the game but this earning is not sufficient for me to reach my goal and this is why I must buy from the market. Now since the price](https://leofinance.io/@leoglossary/leoglossary-price) is up so it is not the right time to buy but I believe there will be some correction later on and then I will see if that is the right point to jump into the market and buy the bag for sps. I will be trying my best to grow my holding as much as possible this year and I do not have any plan to sell off and book profit even if the price goes up because my stake is from the player's point of view and I want to play in higher league with higher reward multiplier.

Now since we are at the beginning of this year I believe this is a good time to plan the goal for the year so that we get enough time to work on it. I have already defined my goal for SPS through this post and I will try to grow as soon as I can however I will continue to focus on the building throughout this year. The game is fun and with lands it is even more exciting but we cannot ignore the rebellion edition cards that are another excitement in the game. I hope I stay on track with my SPS building and we continue to share the progress from time to time.

Thank you

Posted Using InLeo Alpha