45 Days remains of SPS Airdrop and my further SPS strategy

in #hive-1679223 years ago

There are multiple options in the game to invest and accumulate various digital assets. These include tokens, packs, cards, lands, etc, and most of these are at a low price because of market impact. I have been investing in the game through SPS tokens and I am very much close to my goal. I have had a long-term vision with SPS since the beginning of the airdrop and there was a time when the token price was almost 1$ then also I did not sell because I expect that SPS is something that can do great and its just the beginning. Booking profit is easy but once we start with it then accumulation is tough as we always prefer to sell and book profit. Airdrop sometimes can help us to accumulate and make big and I am trying the same with SPS.

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I have been accumulating all my SPS and even staked my holding which is helping me earn a good amount of SPS on a daily basis. I also re-invest whatever I earn through the APR and that is not all because I have been buying the SPS tokens on dip so that I can have a bigger stake. My goal with SPS started with the first 5k, 10k, 20k, and then 50k is the one that I am chasing as of now.

Here is the snapshot of my current holding and I have approx 48k SPS (47726 to be precise). I should be able to reach my 50k milestone by end of this only through the airdrop but I don't want to stop here because I believe that accumulating now is the best time and later it might not be possible once the airdrop is over. While I am staking all my drop along with the staking reward, I am also buying in parts and moving it all to my game account so that it does not stay idle and that is a good option.

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What makes me accumulate SPS?

I have been playing splinterlands since Dec 2019 and I have seen the game growing since then. Later when SPS was launched, this game became a leading game in play to earn segment and even now its doing pretty well. Gaming is growing on blockchain and splinterlands is a leader. SPS is a governance token and there would be many more benefits to holding the tokens and even the upcoming rift watcher packs will bring the increased use case of SPS tokens. If we look at the roadmap of SPS then you see that this token has a long roadmap and this is one of the parts that make me have a bullish approach for the SPS token.

Even the release of tokens is planned in such a way that the entire process will take 60 months to complete. This clearly shows that the future for SPS is bright and this is why I am betting on SPS for the long run.

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My Next SPS Goal

As I already mentioned that I am pretty close to achieving my goal and even now if I stop buying then also I would be able to reach it however I am getting a bit greedy here because I am thinking of not stopping my buying of SPS even after the 50k mark. I am yet to decide about my next SPS goal which can be 60k or 75k but I will continue to invest and re-invest on the token to increase my holding. Let's see how it goes in the coming months and if the price drops before the end of airdrop then probably I will be able to bag more tokens but again I can not predict the market and I will plan further as per the market move. So for now, there is no clear goal after 50k but if I decide then I will surely share about it, however, let me tell you that buying SPS now and staking to earn 50% is such a great deal and I dont think that we should miss it.

Once I am kind of done with SPS then will also start accumulating some chaos legion packs and that can also be a great deal I believe looking at the current price in hive-engine but this will take some time to happen for me because of funds shortage.

Thanks for reading.

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I have been following the footsteps of your analysis, and I quite agree with your point of view. At present, the SPS has accumulated to 56K. In addition, I couldn't resist the summoning of monsters, so I bought it for about $1,000 yesterday, hoping to have a good harvest in the season rewards.
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Didnt they say that the private investors should have gotten all their tokens already?? I see that the graph is increasing for all category for years to come.