Splintershards (SPS) is the governance token of the splinterlands game and I am a big-time fan of this token. I often talk about this coin because these days I am more focused on building my better holding with this coin. In the cryptocurrency market when things are at a better level and the prices are also going many of us think of buying the same coin at a lower price and when the price goes down then we get scared about the dump or crash in the market. I don't understand how come people behave like this pen they want to buy something at a higher price but when the price slows then all of a sudden their buying behavior is changed.
SPS is the same coin that has traded for the value of almost $1 and now it is available for less than 3 cents which means there is a discount of over 95% on the price. If I wanted to buy the coin at a lower price when it was trading around $1 then I can say that now is the best opportunity to bag a bigger quantity of the coin. This sounds good but is not practical because now people are more worried about the crash and they must be thinking that the value will drop even further. I believe it can happen because in the market we cannot predict out things will behave in the next moment or the day so technically anything is possible in this market.
Why do I believe in SPS?
I know so many people on this giving platform who believe in SPS and they are trying to accumulate as much as they can. In my opinion, the reason is simply that they believe in the token economy and they must be expecting that in the long run, the value of this coin is going to grow a lot. Currently, we are in the bear market and this is not the time when we can expect price appreciation but in the Bull cycle, it is going to happen for sure. Possibly this is a reason why they are trying to accumulate more SPS coins and that to win they know that we can earn over 22% for just holding the coins in the game account. I share the same thoughts and because of this I am trying to build a better portfolio with SPS and my goal is to have 100K tokens in total.
My SPS Goal
As I already mentioned that my goal is to have 100k sps tokens in total and I am happy to share that this has been achieved by 90% as of now. This was not easy and I am glad that the remaining 10% also will be done soon hopefully in the next couple of months, I should be able to make it 100K tokens in total. Also once I achieve the gold then this is not going to be hard stuff for me because still, I will try to accumulate and this methodology will be on for the long term. I have no plan to book the profit in the next couple of years because I am happy with whatever rewards I am this is what helps me to grow my account value.
SPS staking APR
The current apr for staking SPS is more than 22% and rewards are paid out in two tokens including SPS along with vouchers. I have been earning both tokens since the beginning and this has also helped me to grow my holding. The current APR is very good if we compare it with the market as there is hardly any project paying this kind of return on the investment and this is the reason why I believe keeping the token here is the best idea.
I am focused on my goal and will try my level best to make it happen as soon as possible. I am not sure how much time it is going to take however I'll be trying to make it happen soon and if there are more price drops then it can be achieved even faster and before the expected date. We cannot predict the market and similarly, we do not know what the price is going to be on the next day for SPS. I hope to see the price going down so that I can buy more tokens if the price goes down these days most of my tokens are now purchased from the market and the smaller chunk is also generated through the holding.
Thank you