Less than one month remaining for the genesis league sports gaming platform launch. I hope that you are satisfied with the GLX airdrop and it is not big as sps airdrop that you got in the previous year but it is still good. And I think they are doing excellent by giving fewer amounts in airdrop compared to sps airdrop amount. People misused airdrop and did mass selling in the sps and that is why the price is low now same people criticizing Splinterlands now.
So it seems like they don't want to repeat the mistake again and this time the airdrop is not that big like sps airdrop so the price of glx will be maintained. 155 days remain for glx airdrop and staking and we have little time to accumulate glx. Yes, there will be game rewards but you have to do an effort for that now you are getting an airdrop reward for doing nothing and early accumulation is the best.
GLX price does matter
GLX price is all the way down and the overall market is down too but here the market is not the only reason but there are several reasons. GLX and SPS both market are both quite independent not completely because in the end bitcoin is the door to crypto. This is the accumulation phase and that is why it does not matter to all of us because our overall target is to achieve more. And you can only achieve more tokens when you buy at a cheap price. Also getting tokens in the airdrop and from staking reward is good but you have to re-stake it instead of selling it.
Because you will get nothing in selling the tokens at this price. The current price of glx in the hive-engine market is $0.008 and this is bottom or not we can't say. But the only thing that is important is that the price is all-time low and that is why buying at that price is not a bad idea. It is obvious that the price will be higher after the game launch and other updates. I am not saying that there is a bull run coming in the GLX token but we are at an all-time low price so at least we can expect a jump in the price.
Earn and stake
Many users holding sps since it launched. But everything has a special time for book profit and accumulation. SPS has a special time when it was at a $1 price and that was the time of booking the profit. Just Imagine if you had sold 10k sps at that time and now you would re-buy it. In this scenario, the profit would be decent. So time is money now when it comes to the glx token then the time of all time hive is not come yet. It will come or not I can't say but we can expect this.
So if we see this scenario that means the current time is not the booking profit. Let's say you have bought 10k tokens at the current price which total costs just $80 and after one year GLX token price will go to $1 then you will be able to earn $10k which will be a big profit for you. We can expect this because we believe in the Splinterlands team. We can take a small risk by doing this. Currently, My focus is to earn and stake the glx amount that I am getting from the staking APR and glx airdrop.
Here you can see my current balance is 3813 glx tokens. People getting free money so it is obvious that we see dumps. additional loss is the low crypto market so we can't expect a big move at the current time. Here I am getting approx 49 glx tokens in the airdrop amount because I am holding 100k + sps tokens and because of this reason, I am getting airdrop. One more thing is getting a staking reward of approx 10 glx tokens. Current Apr is 87% and this is going down rapidly so earnings will go down as well so we can not depend on staking earnings.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
