Adding more SPS to my in-game Stake

SPS is a governance token of the splinterlands game and even though its value is low this time token utility is not less. I had been buying these tokens to accumulate more and have a 200K token balance in my game account however I did pass my fine for some time because I was not sure how the market was going to behave. I did it because there was a lot of fluctuation in the price. When the price fluctuates a lot it is difficult to determine whether I should buy it or not because sometimes when I buy and the price goes down, it feels like I missed the opportunity to get more tokens and this is why I kept on keeping a tab on the price to see when it looks stable and then I can start buying again.

I did not buy in the bigger quantity instead I'm buying more frequently from the market and stake it immediately. I believe that it's good to power up because there is no benefit in keeping the tokens in liquid form as it does not generate any value in terms of the reward as well as there is no APR. Once we add into the game account stake then we start earning an APR which is 12% approx. as of now. Although this APR keeps on fluctuating, and I have seen it below 12 a few days back now it is over 12% so with this slight fluctuation its fine as it does not impact much. Here is what I have added to my stake today

This is the balance I have as of now and since I am chasing the goal of 200K tokens hence from now I have a gap of 17K SPS tokens. This gap will continue to reduce because I am going to buy more frequently and grow my holdings. Buying in parts is good as of now because the market is volatile these days and we don't know how the price will behave in the market this is why I am buying more in parts but even this strategy is going to help me reach my goal before the end of this year. It was my goal to be there by year-end but I will be trying my best to achieve the milestone even before that if possible and mostly it is dependent upon the market movement. We are left with four months this year which I think is plenty of time that is good enough for me to make it 200k.

I'm not sure if you have noticed or not but if you look closer at the price chart then in the last month it has gone up by almost 18%. This is a good percentage of increase in this type of market when it is kind of bearish and a jump of 18% in a month proves that the token has potential, and it is just a matter of time when things will start recovering. It is because some people are buying more tokens and undoubtedly the current price is so low which can be a great opportunity to buy sps at a highly discounted price.

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My approach with SPS token is for the long term and I am not going to sell it soon unless there is significant value appreciation. Although I have already shared in the previous post that I have been buying SPS when it was for $0.25 and since then I continued to buy more frequently with each price drop and now it is even less than $0.01 and I am still buying. Its script to market and we don't know how things will be in future but looking at the overall fundamentals we continue to buy and that's what has happened with me in the case of SPS. We can't predict the future I wouldn't have bought at a high price and now at this price, I could have easily crossed 1 million or more. This is the market, and we just keep on playing according to the plan I did with SPS because I thought that it would maintain the price but sadly that did not happen however, I have not given up and I continue to accumulate whatever is possible for me.

Snapshots taken from splinterlands.com

Thank you

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