Hello to Splinterlands and Hive Fam,
Hope life is treating you well wherever you are in this part of the world.
My Splinterlands Game account is - FinPulse9
Earlier I had invested some amount on sps and all those coins I have powered up in the game account. I track the prices for this coin regularly and I think now it is already at the sort of bottom range. From last few days I was waiting if there can be any big drop however that did not happen. So today I thought of buying some coins and grew up my balance.
I purchased approx 17k coins in MEXC and I find this exchange easy to use. Generally it is not recommended to keep the coins and I use the exchange just to buy and withdraw. I do not buy the coin in internal market because this method looks easy and simple to me. There are two ways I can follow to buy sps. The first is I can buy hive and transfer that to the internal market and convert those high coins to SPS. I find it little bit time consuming but I'm sure I can do this also.
The second method is that I can buy SPS directly in the exchange. After the purchase I can move these coins to my game account on BSC Chain. So I follow this process and first time it took a lot of time for me to understand. It is obvious because when we do something for the first time it takes time and we are always worried to make sure that everything goes well. I am generally a bit concerned while we drawing the coins because one mistake can give us big loss and this is why extra care is required.
So I purchased the token and withdrawn it to the wallet. This transfer is done on the BSC chain which you can see that I have selected relevant options and there are certain amount of involved. No transaction is free so no matter whether you transact on the exchange wallet or even on the non custodial wallet which is also known as decentralised wallet.
After moving it to the game account another step is required where I need to move coins from the wallet to the game account and there also some fee is involved. Apparently that fee is higher than the fee you can see on the exchange withdrawal charges page.
After following all these steps finally I was able to get the balance in my game account and currently it is 16722 sps. I already have over 20K tokens locked in my game account that you can also see.
This is my second purchase of SPS and obviously this is not the last because I am planning to have more than 50 KSPS in my account in next few weeks or may be in next few months. After these steak which I am going to do now I will have about 37K sps power.
So now let's go ahead and take all the tokens in game account. This process is easy and can be done in less than one minute.
Now the updated balance is shown below on this snapshot which is 37370 sps. I'm happy to have this balance and everything is powered up and earning the APR of more than 11%. This is good and I'm happy that I have some tokens which are helping me to get better rewards and also earning an APR which is also nice. I consider 11.7% apr as very good but I hope it stays stable and does not fluctuate much.
So this is my second invest on S P S tokens in the game and as I mentioned that I'm planning to do even more so hopefully in the next purchase I will be able to make it 50K. First time I purchased 20K tokens roughly and today I purchased 17K sps tokens so with this I have over 37K sps in my account. If you ask me that what is my goal with SPS I would say that I will prefer to have 100k sps in next few months.
This is good time to Invest on SPS coin
First of all this is not a financial advice but after going through the project and token economics I found that it is a valuable coin. It is valuable because the game is strong and growing so with growing project more token utility can be anticipated. Also now the price is dropped by over 95%. My analysis says that the higher probability from the current price of this token is to go up. And its obvious that it is always a possibility that price might go down however it will not be much.
I have also checked the rich list for top hundred holders and it was inspiring because some people I know are holding such a big bag of SPS coin. I don't know what future holds for sps as far as its prices are concerned but if I talk about the utility then it is surely good in project. You can also check the richlist here in this link- https://peakmonsters.com/richlist
images source- splinterlands.com except one from MEXC
