Splinterlands tokens have been feeling the blues lately. SPS, in particular, hasn't exactly been hitting the heights many hoped for but deep down, we all knew it was going to be a long journey, despite the early hype.
The crypto market has been so hardcore in the past couple of days that even DEC felt the heat. The in-game token was on its way to achieving the psychological peg but suddenly got derailed along the way.
In any case, a 2-4% drop isn't a big deal in the general scheme of things and I reckon that a slight upward movement in the market will put DEC back on its bike en route to the peg.
Picking between buying the DEC or SPS dips is an interesting scenario. I'd have ideally liked to buy both but with funds so tight right now, I can only afford one. I guess it is more about long or short-term gains.
To buy DEC
DEC is going to be regulated at a peg and that peg will be achieved in a short time. Between the current price and the psychological peg, DEC needs a 45% pump. This is easy money from a short-term flip and for high-volume traders, it is probably a 300iq play.
SPS, on the other hand, doesn't have the luxury of a peg and its trading value is determined by market sentiment. Here's the thing though, it is very unlikely that we'll see SPS pump by 45% in the time it will take DEC to pump by the same percentage.
So, in essence, DEC is a smooth short-term play that you can flip a nice 45. So, if you spend time on the market you can just patiently wait for DEC to reach the peg and then buy SPS with your 45% pumped DEC.
To buy SPS
SPS also has its own unique benefits of buying early though. In the long run, SPS is most likely going to be a lot more valuable than DEC; especially considering how much more development will surround the token.
If you're a lazy trader and would prefer something that you can "lock and forget", you could just buy SPS and stake it. Also, keep in mind that staking SPS means that you earn more SPS and vouchers. Something that you will not get from DEC.
The longer you stake your SPS, the more vouchers and SPS you earn. Considering how the market is right now, it might not be a bad idea to actually just double down on SPS, stake it and look away for a couple of months.
In Summary
Both plays have their benefits, and it is up to you as a trader to decide which route to take. If you can, I'd even suggest you just go both ways by buying DEC, as well as buying and staking SPS tokens.
Personally, I'm leaning towards SPS because of the staking benefit and also because there's the Rift Watchers collection on the way. I reckon a small pump will ensue because of the new monster collection and hopefully, I'll be able to buy a couple of hundred packs when that happens.
So, what about you? Will you be going for DEC and the potential to scalp a short-term gain or will you play the long game with SPS and just stake it?
Disclaimer: This is not financial advice. Always do your own research and only invest what you can afford to lose.
