Splinterlands | When Will SPS recover back to its Soft Pegged Value?

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What’s up my fellow Splinterlands players!

I hope all of you are doing well in your life and also enjoying this amazing game in your daily free time. Well, the current market condition seems a bit harsh especially for splinterlands, as both the tokens $DEC and $SPS have fallen down and trading at its all time low value, and the continuous downtrend in crypto market are only making things more serious, but thou many are selling out their assets, Diamond hands Will hold Their hands. We all hope this bad phase passes quickly and the earning becomes nice again in this game and guess the teams are actively working in the back to make things better. However, we will check the SPS price chart, stake some more SPS in my account and as I have paused playing my own account and rented some of my cards and listed some for sell, my SPS stake is also just lying idle, so today we will also check the SPS rental market if it’s profitable to rent SPS currently. So without any further ado, let’s Jump right in.

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SPS Price Chart

First, let us keep an eye in the Hive-Engine market for SPS to see how it is performing currently. As you can see from the screenshot above, SPS is currently being sold for 0.006135$ per unit with a slight -0.65% change in price in last 24 hours. So, after getting affected badly from the last dip and following the crypto downtrend, SPS is currently resting in this price range and making a resistance. However, while considering its current price which is very low than its soft pegged price of 0.001$ per unit, so it will have to travel a long distance to catch up with its designated price from Here. Many of us here hold SPS token staked in our wallets and some of us might feel terrible with the huge valuation decrease of our SPS stakes, but should not panic and sell our tokens for heavy loss, because when the market recovers we will be the losers. Meanwhile those who kept their stake and earned interest and maybe investing more in SPS using this dip as opportunity, they will be the real gainer. I have strong believe in splinterlands and this is not the first dip we are surviving in this game, so I definitely think we will cross this one too and the strong sailors will get rewarded way more.

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My Staked SPS

While many fellow splinterlands players are thinking or selling their SPS tokens, I decided to use this opportunity to stake some SPS in my account. Even if you keep your SPS as staked, you will be getting 13.10%,APR interest and more SPS and glints from playing the game. Even if you choose not to play, you can always rent your SPS and earn extra income on top of your staking rewards, so Keeping a decent SPS stake is gold to generate passive income. I had a total of 63,570.129 SPS in my staked wallet and I would need a little more reach the next milestone of 70k. The current valuation of my SPS stake has been decreased down to around 400$ only.

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Staked 429 SPS

As I said above, today I decided to stake some SPS in my account and then thought to get enough SPS so that I can reach my next milestone of 70k. As though, I staked a total of 429.871 SPS in my wallet and increased my total SPS staked count to 70k. My main goal is to reach 100k SPS staked and so far, I have reached 70% of my progress and a bit more to reach there.

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SPS Rental market

In your SPS wallet, you can click on the Manage button to enter and access the SPS rental market. This is an inbuilt token market in the game where we can order or rent SPS for DEC tokens and use them for okaying the game or rent our SPS and earn DEC if not playing actively. I used to visit this rental market often when I was actively playing splinterlands to rent more SPS, so that I can win more SPS from the ranked battles. Now, as I am not playing, I come to check the current rental rate of SPS and if it is profitable now to rent out my stake. But as you can see from the screenshot above, the current rate of renting SPS is only 0.002 DEC per SPS, which is around 7% more profit yearly in top of your staking rewards. Normally I used to see this rate at 0.003 during start of a season and 0.004 or even 5 during the last days of the season. As there are still almost 9 more remaining for this season to end, I decided to wait 2 days more and see if the rate increases, then I will rent out my SPS.

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I hope you liked reading my post about SPS. Do you also hold SPS, if yes then how many tokens are you holding currently? Let me know in the comment section below and I will be seeing you all in my next post.

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Posted Using InLeo Alpha