I have been playing splinterlands game since 2019. It was December month 2019 when I started my gaming journey with this fantastic gant. When I started that time the asset value was not much but just after 2 years we have see in how it was grown significant place. In next three months I will be completing my 6 years on this gaming project and in this time period I have seen a lot happening in this project. This game has survived the market and it too's that the project is built on solid fundamentals however these days things are not going good but I believe that it is not just this game instead there are many project struggling in the market because of the bear market sentiments.
Currently I think it's a great opportunities to invest on this game. Please do not consider this post as a investment advice. I am sharing my thoughts why because now is the good time to invest on the game and since I have been associated with the game since long hence I am bulish on this game even now in the asset value is not high.
Low token price
These days the token price is pretty low in the market and I can say that this is the lowest ever we have seen for this token since the launch. I am talking about SPS and dec both. SPS is the governance coin of the game and however there is slide improvement on the price but I still believe that prices are too low. Similarly the price for Dec is also know despite the fact it has grown in last few weeks but still it is not there where it should be. In the past we have seen multiple times the price of Dec going back to its peg range which is $1 for 1000 tokens. Those who don't know I would like to inform them that it is a stable coin of the game where the value of 1000 tokens is expected to be $1 however for quite some time this has not happened. Now if I talk about SPS then it is highly undervalued but it's utility is still strong. Sooner or later we are going to see a significant rise on its price and it is just matter of time I believe.
Cards on discount
It is a card based game where we play the battle using different set of cards. Now it's obvious if we have better cards in the game account then the experience is going to be great along with we can also better rating and rewards. Having powerful card in the game improves winning ratio and with higher league we can also expect better in game rewards. Since these days the price for cards is low hence I believe it is a good time to buy more cards on the market and grow the cards collection.
Web3 Gaming is Growing
Overall if you look at the play to earn gaming segment which is also known as web3 gaming is growing. Even now we can see how the telegram gaming projects are getting more attention but all together it is part of play to earn gaming. 2000 free games in most of the cases and I don't think it is practical in long term because no project can continue to reward its community without giving them the option to invest. If the project is giving such options then the value of asset is also going to be significant and same we can see with the splinterlands. I remember that in 2021 there were multiple games doing great and now most of them are like dead now but splinterlands it is still there with shows that it is a leader in web3 gaming segment. When the web 3 gaming segment will grow then I believe splinterlands and has higher chance to grow significantly and that would be the time when people will be benefited through the appreciation of different assets.
These are three reasons why I believe that now is the good time to invest on splinterlands project. It is a leading project in web three gaming segment and since I believe in this project so I continue to invest but please do not consider it as an investment advice. If you think that project is good then I highly recommend you to go through different aspect about it and see if it meets your area of interest and if it does then you can go ahead with your investment in this gaming project. There is always risk associated with any investment in crypto space but if things go well then the profit probability is also very high..
Snapshots taken from splinterlands.com
Thank you
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good valid points
It's amazing to to see how far you've gone wish i saw splinterlands even as at 2014
Indeed prices are low and kinda tempting 😀
hmmm that's a long time but I think we have peaked. theres just so many better projects coming out there now. it's hard to say if splinterlands is the best one
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Great post, some very good explanations of your reasons to invest. I also think it's a great time for new players to join. Seems like more are starting to now
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