The bear market continues! The effect of this winter market is affecting many of us in every way possible. Lots of mistakes are to be corrected in the coming days. Various lessons have been learned! Need to apply those in the upcoming bull cycle. To begin with, Investments are the key to financial freedom! Especially in Crypto, where bear market is the place where money is made during this phase. This is the time, where crypto (BTC & Altcoins) are found at a discounted price! DCA could be the way to make the situation work in our favor. While the saying goes, do not put all the eggs in one basket!
Dark Energy Crystal (DEC) is one of the token of Splinterlands, which is being kept on keen observation for the last couple of weeks. With the recent update on land and the upcoming release, there are quite some predictions running around in the market. Among many of them, one is the price of DEC!
DEC is currently being traded around $0.0007442. If everything goes according to plan, DEC has a very keen chance of reaching to its pegged value. As the land expansion is going to consume a huge amount of DEC and most of it will be in locked position. Which is why, many are predicting DEC could see a potential gain within the next few weeks.
Keeping that in mind, I have been trying to increase my DEC token in my portfolio. One of the best way is to keep liquid DEC in portfolio and just swap it when you feel confident about the gain of your trade. While another significant way to me is putting those DEC in something where it will generate revenue while having some liquid in your account. I am putting my DEC into liquidity pool (Tribaldex)! Yeah, that does seems the best possible way for me to add some value to my portfolio.
I have been adding some liquidity in DEC pool for some time. For now I have chosen DEC: SPS pool. One reason is, DEC is showing some positive feedback for the past couple of days. If everything goes well, DEC will see some price appreciation along the way and SPS will indirectly get benefitted from this transformation. If either one of them increases, there would be a decent amount of price appreciation in my account for these two assets.
Also the rewards that I will be getting from this pool, this will some additional rewards, which I will probably buy back some DEC along the way. Well, the amount is small, but its a long a way to go and I am in need of some cheap tokens of Splinterlands. As there are good days ahead of us and what better time it could be to get some tokens for us.
While, I am indeed aware of the fact, about impermanent loss and taking that into consideration I am just focusing on the tokens instead of the dollar value. After all, we are going through the bear market. A lot of rough and tough phases are to be crossed by us. Lets be prepared and just make sure that we use the opportunity that is provided for us.
Image source: Tribaldex & Canva
Best regards
Rehan
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