SPS Price is coming in to the Buying Range
Generally, we get happy when the prices for crypto coins we hold go up, especially for the ones we hold more in our wallets. In my case, this is different because I was not happy when the price was increased and here I am talking about the sps coin which is part of a splinterlands governance. you must be wondering why I'm saying this I was not happy when the price was increased. It's because I am in buying mode and when the price increase then it does not allow me to buy more coins.
I am trying to build a bigger holding for SPS and it is at least 200K SPS in my account. Last month after the change implementation in the game the price was increased all of a sudden and because of that I had to put a pause on my SPS purchase but now seems things are coming back to normal. I'm not saying that it is going back to the previous price mark but now its below $0.02 so I am getting more attracted to it. Maybe some people made a good amount of money after this price increase but I believe this is not the right time and in fact, I think the other way around. Selling the coins and booking profit is a straightaway method I believe but if there is something that can offer even more than that just for holding then in my opinion holding is the better option to go for.
SPS coming to Buying Range
SPS is listed oncrypto.com exchange and I have got their application installed on my phone. This app allows us to have notification in case of price change so I have enabled it for SPR so that I keep myself updated on any price movement. Today I got the notification that the SPS price has gone below $0.02 and now it is a good time to be active and keep a close track. Here is the snapshot that I have taken as of now and here the price is $0.018 and maybe it drops further. I
holding more SPS is good because we can earn better rewards and of course, we cannot forget the APR that we generate every day and the annual returns are approximately 15%. There are many other benefits for holding SPS in-game accounts including the GLX distribution along with vouchers that we get every day. I know that these tokens are not much valuable as of now but I'm confident that it is just a matter of time and things will be much better after some point of time. we cannot expect a significant price increase in the bear market so it is time to build and the same I am trying to do here.
SPS Holding
This is the snapshot for my current holding and even I had some liquid SPS lying in my account so I powered it up immediately. there is no point keeping these coins liquid in account because it does not generate any value but if we deposit then it can be part of the staking APR which is more than 15% at the moment. I had 100K SPS in the last week of May month this year and since then I added another 20k in just 1.5 months but then the price was increased. I had to put a pause on my buying because of this price increase and now since the prices are coming down South it is time for me again to get active and see how much I can buy in the coming days.
I expect that this price will come down further because this has been following the same trend so if it goes slightly below then it is even better because that will give me more tokens. SPS is one of the tokens that we should not be worried about the current rise instead we should see how much value it is giving as part of the holding and this is the reason why I am trying to have as much as I can.
I will share further updates when I buy another punch and I am trying to see how much I can buy in one go or maybe I wait for some more time to see how this price moves in the coming days. I hope this prize dip can help me have a good number of tokens so that either I can make it one fifty K in the next few weeks or can be much closer to that. The SPS rental market is a good option for the people who are holding SPS in the game account and even I have been approached by some players to rent them but I do not want since I am a player and I want to utilize all my holding for my gameplay.
Thank you
Posted Using LeoFinance Alpha
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited..
This post received an extra 12.82% vote for delegating HP / holding IUC tokens.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
!1UP Good work!
!PGM !PIZZA
You have received a 1UP from @underlock!
@monster-curator, @leo-curator, @ctp-curator, @bee-curator
And they will bring !PIZZA 🍕.
Learn more about our delegation service to earn daily rewards. Join the Cartel on Discord.
$PIZZA slices delivered:
@curation-cartel(2/20) tipped @alokkumar121
Oh it's below $0.02 which is good price to buy it. I hope that you will get as much SPS as you want to hold in your wallet.
Its already below 0.02 and I am waiting to see if it drops further.
it likely will unless the entire game starts growing again bc if the mkt cap doesnt change or goes down from where it waas when i sold to now the tokens keep getting printed meaning if the mkt cap does not change then the tokens will naturally fall but you will have the same stake % depending or may have more if you use the LPs and get a larger ROI most of the time.
Posted using Splintertalk
I have reached my 100k SPS goal but think it would be nice to have 200k SPS. I might buy some more if there is another dip.
100k is a big amount but yes 200k is even better. Its good to have as much as possible to get better rewards in the game.
ya this is kind of sad to see it go back down below 2 cents. I think it will drop more as BTC falls to 23k which is highly likely. I'm thinking of buying DEC tho since DEC might see some big gains soon since land is on the horizon
Its not sad for me that SPS price is down because I can get more tokens and DEC is also low but I expect more dip in DEC if market stays the same.
but market just went up today btc had a small up
Up and down is nature of the market. it can't stay stable.
that is true but was thinking it would go down mor ehaha
Up and down is nature of the market. it can't stay stable.
try playing with the swap aggregators ive been able to get profits just by swapping different tokens like sps and dec and end up with more of the other by a few dollars or close. Plus you get any airdrops as if you swap directly on the DEXs.
Posted using Splintertalk
Always the right time to take some profits. If anything goes up 50% i usually sell some bc it more likely than not at least pulls back. I cant remember if i sold much maybe a couple hundred thousand SPS but already bought that back at lower prices below .02.
Posted using Splintertalk