DEC Down Trend
I regret not selling some DEC even just a couple of weeks ago as the price of Hive relative to DEC has been in a free fall. Free fall in the tune of nearly 40% price difference just in the past month.
I can ride the DEC to SPS swap as it appears to be near all time highs. This will mean I am still invested in the game just towards the token SPS instead of the stable coin DEC.
The reality is DEC is not very stable and demand on the game's assets are showing. DEC liquidity may have risen factoring into the price depreciation but this has been going on for months as Conclave rolled out. What is surprising is that now the price downtrend has started and continue to go down rather than prior to Conclave roll out, which had highest supply of DEC.
In true form the price of legacy cards such as Rebellion set it has fallen to close to $7k for max level set. The reality is holding assets long term is providing more of a price depreciation. This is partly why I had been stashing away DEC in lieu of purchasing more assets. Still seeing the price of DEC falling is not helping and I know I should hold but tempted to swap out of the crypto each passing day as I see its value continue to drop.
Until next time thanks for reading!!!
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Hey @mawit07, your analysis of the DEC downtrend is spot-on! The market's been tough. Your chart breakdown really highlights how sentiment and low liquidity are driving this slump. It’s a rough patch for Splinterlands players holding DEC, but your point about potential buying opportunities during these dips is a smart take. Staying patient and watching for stabilization signals could pay off. Thanks for sharing such a clear, data-driven perspective—definitely helps the Hive community navigate these choppy waters.
If you swap to SPS at least you can get the 11% yield on SPS and get higher rewards in ranked due to more staked SPS...
It's rough but DEC is more or less pegged to the dollar, and with Hive going up, the DEC will go down. Let's see where things go, but I do think DEC will go back up when there is demand for it. However, you might have to wait until the next set of cards for that though.