SPS up double since its all time low

in gaming •  2 months ago

    image.png
    SPS seems to be headed up and has formed a bullish pattern that can sometimes mean the end of a down trend and a reversal in this case price is likely to head toward the 1 cent level as long as the overall market as well as the splinterlands markets remain bullish and if it can break the 1 cent level on good news or catalyst then we have a shot at hitting a couple of cents again and giving a lot of people more confidence in sps if it starts to perform and if it starts to perform well that likely means the marketing initiatives and other things the team is doing now have started to show an impact and if the impact is good then we will likely see demand for all spl related assets even in the other games where there may lie a good speculative opportunity bc if sps and the other assets go up it will likely breathe some life into the other projects that are not as big like arcade colony and genesis league goals and those assets have been beaten down way worse than splinterlands and if there ends up being a shift with the main game then it will likely cause some speculation in other assets and games as well. Maybe I will be able to sell my glx nodes for a good price if some life comes back into that game as its hanging on by a thread and so is arcade colony at least looking at asset prices which are low and beat down for all of the spl related games. I think first we will have to see a recovery in the main spl game then as that is going on it will lift all boats and if everything goes well and the company can capitalize on that momentum from spl and translate it to momentum for the other games as well then they could be a very good speculative bet right now when there assets are still in the dumps. The nodes i have for glx are my speculation that glx will get a bump eventually as they keep giving me about 2000 plus glx a day which i sell using limit orders near the top of the current spread right now and the same with glgt and this strategy is the same strategy i used though out the glx airdrop which is still going on for nodes at the same rates as it goes on for 5 years instead of just the one. I sold all my glx as i got it and a lot of it was sold when it was higher than sps and i was able to buy and sell it during the time when prices would flip flop between sps and glx then got lucky to not have much glx when it collapsed just had the assets which were my profits from glx after i got my cost out which were the nodes but those values have gone way down now also and are probably 1/10th the value right now and since its all profit and they would be a fire sale right now i just hold them collecting my dollar or two a day for now and selling it for hive then dec then usdc to pull it out and get it in usdc or btc depending on the price so that i can be positioned well with less concentration in spl related assets and more concentration in btc and other specific assets that are more resilient to lower my risk and as long as glx stays alive with the colony airdrop as well so the success of colony will also raise glx prices if that game takes off or any of the other games related to it take off then glx will go up as the airdrop for colony goes on a long time for glx holders giving it basically the value of the airdrop of colony and depending on how glx does if it can recover there may be possible value there but i look at glx as basically a way to get colony if i were to stake it and not sell mine. If it starts to get some bullishness i will likely stop selling it to hold it and wait to see if prices increase but unitl we get that bullish indication i will continue to sell on the ask with limit orders for glx as there is no point in holding something that continues to get lower you might as well get as much out of it at this point as you can and hold off until there is something that shows you the risk is worth the reward in it.

      Authors get paid when people like you upvote their post.
      If you enjoyed what you read here, create your account today and start earning FREE VOILK!