Hello guys welcome back to another social media challenge post here I am gonna share my sps journey but my main point is to talk about downfall. Every project is down but when we compare it with Splinterlands then we can see that Splinterlands is down more than them and that's the reason for the downfall of SPS price.
Many factors are responsible for this but it is good to see that now the Splinterlands team is working fine to tackle all these issues and that's the reason we can expect good in the near future. I am not saying that sps price will skyrocket but we can expect recovery in all the Splinterlands assets.
Survival for the gaming industry was difficult in this bear season
You know many gaming projects are already dead in this bear season but good to see that Splinterlands is still there it's not the first time Splinterlands economy has faced bear season but it happened in the past as well. When you see the data then you can check that gaming coins face more downfalls than other cryptocurrencies. blockchain gaming industry still in the initial phase and it takes time to be mature in this field.
How Much Further Down Can It Go?
We don't know but as I said we can expect recovery soon but this is not financial advice. You can see most altcoins are still down and there was no proper altcoin rally that took place so I have big expectations from this alt season. If we see alt season then we can hope that the price of SPS and other Splinterlands assets will go up. That is what I can say.
Not Going To Sell At This Price
If you are holding Splinterlands assets then it is yours and you can do whatever you want and this is exactly what the Splinterlands team says. My personal suggestion is to not sell at this cheap price otherwise you will be at a loss. It is better to wait for the recovery rather than sell at this cheap price. You will definitely get good APR and other benefits.
in the last bull season, my total SPS value was around $10k and now it is $619.
Diversification Is Important
Investing in SPS or any splinterlands asset is not a bad thing but always consider diversification before investing in any project. Investing all the funds in a single project is foolishness. I did this and that is why my portfolio is down but instead of this if I had invested in Hive, Leo, and Bitcoin too then I would have good asset value now.
Slow and Steady growth
I am expecting slow and steady growth in splinterlands. So instead of selling you should focus on your gameplay and accumulating cheap assets is also not a bad idea in Splinterlands game. So it is time to wait and focus on your gameplay improvement. The Splinterlands team is trying to reduce inflation and also focusing on new players and this is what really needed. One more thing is who knows that SPS will be stopped in reward like this happens with DEC also it is a governance token so don't underestimate it and wait for growth.
So this is what I want to say I hope you find this post helpful please share it on social media using #play2earn and #splinterlands tags. New users join splinterlands under me the referral link below.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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Well we took a risk and didn't pay off yet, maybe it will in the future, maybe it won't. For myself I keep a little be of $SPS but mostly Lands and some old card, not looking to seek in more capital in the project but not selling current assets either.
This is exactly what I am doing and selling at this point is not good. :)
Well it would be making the losses real instead of hanging on with hope :)
no ones wanna play splinterlands, they put so much requirements and the rewards are awful. now spt looks like a bots game
Just be patient and stay tuned friend something good will come.
Yup... at this point... we are Diamond Hands for sure...
Whether that's a good thing or not... we shall see lol
The truth has been spoken by you friend :)
u invested 10k? or u just using price for all time high O.o