I’ve been holding onto every DEC I earn from my Splinterlands battles for a while now, besides the fact that I’m holding because of the potential appreciation in price, more DEC means more SPS airdrops for me. Let’s assume a few thousand other players have this same mindset to accumulate DEC just for the main purpose of receiving more SPS airdrop points. It means that some amount of DEC will be automatically locked into the system for nothing less than a year.
This may very well be us creating a floor for the price of DEC as many will notice that the price has been stable at 1000DeC = $0.006-$0.007 much of late, what this means is that playing becomes more lucrative which in turn attracts more players to the game who will also hold the DEC they earn to have themselves a piece of the SPS pie which will again raise the price floor for DEC. If this trend continues, who will sell their DEC? Not me🤷
With concerns related to buying pressure for DEC, DICE packs and skins will still serve perfectly well as sinks for DEC due to the fact that they are restricted to being purchased with only DEC. DICE packs have been recently sold out in the internal market at 3000DEC each, it exists for sale only on Hive engine and the price has shot up to around $27 per pack. It won’t be a surprise if there will be even more products that can be purchased using only DEC.
People are saying the price of DEC won’t hold and will dump back to the peg, while I admit there is indeed a peg, I don’t see how DEC’s price will get back there or anywhere around it at this point. It’s a loose peg anyway....Maybe I’m blinded by my own desire to see the price of DEC continue to go up...... I also fail to see how the high price of DEC is detrimental to the growth of Splinterlands, if anything, high price of DEC is pretty good for business and should in fact be incentivized to remain so.
There are also other factors that contribute to the price growth of DEC like the sentiment in crypto generally, an exponential increase in price of assets in crypto following Bitcoin will also potentially trigger alts that will trigger other alts likewise an exponential crash will have the same crash effect across board but given the season we are in, a bull run is more likely than not.
My final point is more exchange listings. Listing DEC on an exchange like Binance will have a crazy effect on the price, whether or not we will see this happen in an averagely short time remains to be known, but it’ll def be nice. What do you think?
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Nice analysis!
Thank you. Glad you think so
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I'd love to see DEC on a few more exchanges and I'm hodling all mine as well. The amount of income from SPS is just staggering. And the price of cards - wow! My collection according to PeakMonsters has gone from $16K to $111K - and no one is selling much as long as the airdrops are based on in a great part on your collection points. I'm really glad I started playing 2 years ago!
me too i would love it if it on binance
I totally agree
One important thing is that if Splinterlands says an item will be scarce, best believe it’s going to be exactly that, scarce. SPS is a game changer.
Same here....people are holding cards and DEC altogether, supply shock is enforced, the growth henceforth will be wild. We are barely a month into the 365 days airdrop. Simply amazing. Your growth is amazing too!!!!
I’m really glad about that too, who could have thought.
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I like the way you explained the use case of DEC token. No doubt it is one of the token that is considered as currency of the game but getting it listed on some reputed exchange like binance will give it more exposure and we can see its price skyrocketing for sure.
yeah even kucoin can be consider
The exposure will do wonders for the price. Binance, kucoin, upbit, huobi....they are all on the table, especially Binance
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DEC on Binance...Hell that would be juicy dude!
yeah it will be
Both DEC and SPS :)
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nicely explained I also so think so it needs to be listed on some exchanges
Thanks...yeah...I guess it will happen sooner or later
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yeah I hope it happens sooner
The new peg of DEC should be 100DEC = 1$ :)
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I will certainly love that! People will flock in to Splinterlands in hundreds of thousands daily
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Having DEC listed on Binance is a no brainer that will sure have a positive impact on the price as it will be easily accessible.
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Yep both SPS and DEC hopefully
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Is small small monkey will turn to gorilla. DEC is coming up small, very soon,it will be well know,is better for the people that has the opportunity to hold it now, should handle it with care,it will soon appreciate like land.If binance accept to have it in their wallet.The price of DEC will add times two.
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Brooo and I’m looking at Land appreciating everyday
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Nice bro
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