November came with a big surprise for us all. There was a buzz going on, this might be the last chance to grab some cheap coins as the market is about to explode to its ATH pretty soon! Which sort of grabbed almost everyone's attention and people were really busy in collecting their favorite coins at cheap rates. Which probably lead the market to get into FOMO zone for many and in result we were able to witness the market going crazy and even BTC reaching 73 Thousand 500 Hundred USDT in its price. What an amazing moment that was! Although. it seemed like the market grabbed all the liquidity from those zones and was not able to keep up with the demand, which lead to the crumble in its price, which lead to BTC going down below 70k and currently being traded at 69 Thousand 500 Hundred USDT.
The ripple effect of the market being positive also hit SPS. I was quite surprised by the price action of SPS. As in recent times it was able to hit $0.01. Although it was for just a candle but as a holder and user of Splinterland's SPS token, it was indeed a spectacular moment for me.
Since, we are seeing some useful updates being made in the Splinterlands eco system, I am quite certain there will be some epic movements of SPS in the coming days. As the expectations of DEC reaching its pegged value would certainly effect the overall eco system of Splinterlands.
That being said, how low would SPS go in the coming days if the market condition does not improve? That is a question for many! To be honest, I would not mind SPS going down a little bit even more, as I would love to accumulate some more of these token and hold for the longer term. As I am aware what it can do to my portfolio once it hits the targeted price. In fact, I do realize it is quite difficult for SPS to reach its ATH but to be honest I would love to see it get to 10 cent and it would literally make most of the SPS holders smile :)
My next buying stage for SPS would be around $0.005 to $0.006. If SPS comes into this range I would probably buy a lump of SPS and put it into my holding wallet. And I would probably exit from this trade once SPS hits $ 0.1. Well, I will keep a portion of my SPS in my wallet at all times. As I am aware what happens when the market gets volatile and that would be the perfect time for some arbitrage.
The upcoming US election will play a major role for the overall crypto market. I am expecting the market would act positively if Donald Trump gets elected as the President. And if he does not the scenario would be a lot different for us all. We might end up in a never ending bear market lol. But future is unseen and unpredictable, lets see where it takes us all.
Best regards
Rehan
Want to play & earn from Splinterlands
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Taking advantage of the dip is the best way to invest
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Thanks for sharing! - @isaria
