Hello all, here is another investors corner where ill get into my investing strategy come January 17th. My goal is to accumulate 450 packs on January 17th, I plan to buy them by the 100, and use vouchers for the bonus 10 packs on each purchase. This will be a total investment of $1.640. Unlike some, I plan to HODL my packs for the remainder of the airdrop. I do not have the same airdrop points as a lot of the whales, and I think CL packs are a value in this regard at 300 points per 4$. In 200-365+ days I do believe the price of these packs will appreciate as more are opened and sold on the market combined with a growing player base. Im hoping for a 2x on my original 4$ per pack. All the while I will have gained free SPS and continue to stake it each day growing my % return and vouchers airdropped in the following days. In the short term, I do think we may see a price dip in the packs after airdrops are collected and major whales look to retrieve some of their overall investment, if the packs dip to $2 a piece on secondary markets, I will continue to buy for the airdrop accumulation and price appreciation in the future.
Singles: As we've watched reward cards and CL cards have been in a steady decline since release. We only have 1.5m packs currently purchased, and I expect that 1-2m more get opened again within the first week of purchase, if not more depending on how many are initially purchased. This will again cause a short term dip as supply outmatches demand, and I do think it will take a few months for these cards to begin to be absorbed, leveled up, and balance the massive supply that is coming. Ill be looking to build 2 more splinters into max gold decks during this time. I may not catch the bottom here, but I do think that having a long term perspective on these assets is the best approach when buying.
SPS: SPS has continued to fall recently, a slight uptick after the news and further commitment by the devs regarding "SPS roadmap 2022" one of their more recent posts. I do think we continue to see sell pressure all the way down to a guess of .15 prior to CL main release. It should ease up once the packs are bought and absorbed by the market. In truth, any purchase around this price is a great deal when looking long term. In 6 months when 53m less sps are being printed each month due to airdrop finishing and private sale being finished, we are bound to see a positive spike. That combined with land, staking for battle rewards, governance, and tournament's, I am extremely bullish on SPS at this price, and hoping to see a 5x within a year from here. As always this is not financial advice, DYOR and accumulate your bags while in a dipping market, because in my opinion its not going to last for much longer.
SPS is a great token. Educational purposes only.
If you have the resources load up more tokens.