Crypto and splinterlands market stat the market is reviving

Hello Hivers!

I hope all of you are doing well in your life. The recent crypto market crash has made many of us sad. This time, the dip was so strong that all the major crypto coin lost their value by a significant percentage. The hive and it's native coins are also deeply affected, taking in the splinterlands tokens as well. But the worst part of this dip was the fall of UST and LUNA. Before the dip, LUNA was being sold for 80$ and UST for 1$ but see now as LUNA has gone down to 0.028$ per unit. Thousands of people has invested into this chain, especially into it's Luna-UST staking project that were giving approx. 20% interest APY. But within days, the valuation has gone almost to null as you can see in the chart below while the stable coin UST is currently being traded at 0.41$ only.

However, the main dominator of crypto, Bitcoin is currently being sold at 28,309$ per unit with a 21.81% price decrease in last 7 days. It went down from it's last wekk's 36.53$ price mark but found a good resistance at 27k$ value. The ETH on the other side is being traded for only 1905$ currently with a 30.76% price decrease in last 7 days because of the dip.

Now, taking a look at hive chain, the Hive token also lost a significant amount of value and since last week with 0.78$ per unit value, it has decreased down to 0.412$ currently but has found a strong resistance around 0.4$ and bouncing back. Look like it handled the dip force very well and hopeful to see it rise from here.

The price of HBD on the other hand has been maintain well and it already came back from it's lowest point and currently being traded for 0.962$ per unit according to coingecko data. So strong this HBD in it's performance and a lot more trustable to put money in and to enjoy flat 20% APR :)

Now, let's take a look into the splinterlands tokens. The DEC has been losing value before the bear trend and a week before, it was being traded for 0.0014$ per unit. But, the sharp dip has made it drop below it's pegged value of 0.001$ and the lowest point that went down to is 0.008$, but then, it came up by a bit and currently being traded at 0.0009$ per unit. I have a feeling that it will soon cross the pegged value but let's see what happens over time. The cards prices also got affected due to this bear move, especially the new Chaos and reward cards so you may also consider this time to buy cards you are missing.

The price of SPS on the other hand has also seen a sharp downtrend from last week as it went from 0.11$ per unit to current price 0.068$ per unit. But I am personally very positive and bullish about SPS. Soon, the daily airdrop of SPS will get stopped after 75 days, so we may see an uptrend in it's price. In future, when the Riftwatchers pack sale gets started, the price of SPS will also get a boost, as to buy those upcoming packs only SPS will be the used. Today, I bought total 6995 for approx. 490$ of SPS at around 0.069$ to 0.071$ price range and staked it in-game for 23.72% APR interest that it's still giving. I am thinking to buy more SPS while it stays below 0.09$ price mark and wish to make a fat SPS stack before the daily airdrop end so that I can have a good stack when it moon again.

I hope you all liked my post. Have you bought anything in this dip market or just holding your assets and praying for this down time to go away asap? Let me know in the comments below and I will be seeing you all in my next post!

Stay well and keep playing Splinterlands.

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Posted using Neoxian City