Splinterlands - Preparing a liquid stash for an SPS pump in the incoming months
Splinterlands never stops developing and growing and in the incoming months - September & October 2022 - we will be getting some new releases from the team. The SPS already started being awarded for Daily Battles, Focus and Season rewards so that could provide some additional liquidity on the market. Still, with events like the Riftwatchers launch where about 3 Million packs will be able to be acquired just with SPS and with the first governance voting, I think things are starting to get hot. And if the rewards will be based also on staked SPS or a new use case to derive from this, it provides another reason to buy and hold/stake SPS. On top of that Splinterfest might also add to the hype.
For the upcoming events and as I am predicting that SPS price will improve in the next 2 months, I have decided to invest $1,000. The funds will actually come from my HBD Savings where I have (or better said had) a few thousand HBD and will translate into $1k HBD. I have withdrawn $1k HBD from my HBD Savings account and in 3 days the funds were available in my wallet.
From the wallet, I have performed the following steps in order to exchange HBD into SPS.
- Exchange HBD to HIVE using the Hive Internal Market
- Deposit the exchanged Hive on Hive-Engine using BeeSwap Exchange
- Exchange Hive to SPS using TribalDex Liquidity Pools through BeeSwap Exchange
- Track SPS price evolution in my wallet using LeoDex
At the moment I have 17,345 SPS liquid which accounted for $979.81 as the market constricted a bit. Still, the plan is to have the funds ready on an SPS spike predicted on the above events, where I am hoping to reach a list x2 target if all play well. No risk, no gain, and this time I am at least ready to take advantage of the market if that will happen. If not probably will stake them all in order to earn about 30% from staking.
Come join the Splinterlands play2earn metaverse!
Posted Using LeoFinance Beta
https://twitter.com/behiver1/status/1563422859799642112
The rewards earned on this comment will go directly to the people( @behiver ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
With so many events and updates to come, many will be speculating on the price of SPS, it's interesting to see your plans in the next few months about SPS and what lies ahead. Worth paying close attention to.
The expectations and the plan are set, now let's watch and see if these come to fruition. If also the crypto market would show an uptrend, I think that would help as well.
Posted Using LeoFinance Beta
This made me wonder if I should unstake my SPS and sell them after the price spike(riftwatchers) , then re-enter after the hype has finished.
I think is always good to have a stash of liquid SPS in order to take opportunities on the market. And with waves of different deliveries, we saw that the market responds positively to them.
Posted Using LeoFinance Beta
Agreed! To avoid missing out on opportunities, SPS liquid is essential.
Sps is a good buy now with all the upcoming development coming. Sps will definitely make 2x
Posted Using LeoFinance Beta
That would be amazing if it happens, will truly make my day and see my plan come to fruition. Let's wait and see.
Posted Using LeoFinance Beta
Interesting approach. I'm stacking more and more and from the daily earning, there is a nice influx of liquid SPS coming in. The plan is to get at least 1000 Riftwatchers packs. Let's see on this.
Posted Using LeoFinance Beta
Riftwatchers will be a crazy release, not only they probably will act as Promo cards given bonuses in the battles, but all the earnings will be allocated to SPS holder's fund where they can become another revenue stream or be burned.
Posted Using LeoFinance Beta
Cheers for sharing that roadmap, I hadn't followed close enough to have seen it before.
Bring on land!
Posted Using LeoFinance Beta
Great to be of help, that roadmap is a killing and it is showing the big events to come in the game. Much expectations for the future, let's see how that will play out.
Posted Using LeoFinance Beta
Thanks for sharing! - @alokkumar121
