Hello SplinterFans..🌻😁..
..and hello to the fans of the various #hive-engine tokens....
I am a huge Splinterlands fan, I have actually been a fan of the game for more than three years now, and therefore I have invested a decent amount of money, and a lot of effort and time playing the game. So far, it has been, by far, the best investment of my life!
I am also investing in various Hive-Engine tokens like DHEDGE, BRO, UTOPIS, LEO, WEED and a couple other tokens.
When I invest in these tokens, I either look for dividends or the tokens with the most usecases, now and in the future...
Two tokens with a lot of usecases, both now and in the future are the SPS and the SPT tokens...happy to be able to combine my interest in investing with my gaming hobby..🌻😁..
Screenshot from the Tribaldex webpage, the SPS token..The SPS token is the token, that will probably have the most usecases in the future, governance in the game as one of the biggest. Have a feeling that the Splinterlands team has very big plans for the use of this token. At this time, staking and the use as in-game currency are the only ones.
I'm definitely going to increase my SPS stake in the future.
The price of the SPS token has been steadily declining for qutie some time now, check out the graph above...But I'm pretty confident that this will change in the future....What do you think, do you see the price increase at some point, and which usecases for the token do you see in the future?
The other token that I mentioned above, is the SPT token.
The SPT token is currently used to reward Splinterlands bloggers, it is also used for staking...but the biggest usecase for this token, as I see it, is definitely the market for Splinterlands NFT's... a market that is getting bigger and bigger every day. You can buy and sell these NFT's using the SPT token as currency...
Screenshot from the Tribaldex webpage, the SPT token..As you can see on the graph above, the price has been steadily decling for some time now, a lot of similarities with the SPS graph, and I wonder where the bottom of this token is, where do we find a stable price area.
The price of this token really pumped back in October/November last year, in my opinion, the price got way out of hand, and even though I wanted to buy the token, and staking it, I remained calm, and waited for the price to drop back down to a reasonable price....
Now, the token has reached what I consider as a reasonable price range, and I have begun to increase my stake...It will probably get cheaper short term, but long term I consider this range to be a good entry point...Would love to hear your opinion on this token...price and usecases...Please feel free to leave a reply...Thanks!
Well, that was what i wanted to share with you today... Hope that you enjoyed...
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I think the two tokens are here to stay, good longterm investment
I agree with you, the NFT use case is the biggest one☺️
I don't use Tribaldex, but Beeswap.dcity.io . I also hope that the prices of SPT and SPS will increase. And in the meantime...
So far, I'm just experimenting for half a dollar.
I have always used Hive-Engine, but as I understand, the Engine is undergoing a major update, and is planned to be working properly in Q1 2022...so I'm trying to get used to Tribaldex in the meantime...I have never used Beeswap.dcity.io....is it good?
I've been trying Beeswap for a while. So far, it suits me.
That's the best way...find what suits you, and then use it :-)
I think SPS has great potential for the future, I feel like once the airdrop is over and the supply isn't increasing as much on a daily base, the price will start to increase again. Especially when the utility gets increased, which will happen more and more over time.
I'm personally not as bullish on SPT because the only reason to hold/stake spt is getting curation rewards. So unless it gets more use cases I think the value will slowely decrease. The ability to buy NFTs is something, but it's no real reason to hold. That said, I still have 50k SPT staked (coming from 100k) and don't intend to unstake anytime soon.
I might be totally wrong ofcourse.
I totally agree with you concerning the SPS tokens...I'm looking forward to see what happens in the future.
In my opinion, NFTs are one of the reasons to hold SPT, and of course curation rewards...But I agree with you, that if there is no more usecases in the future, the token will eventually lose a lot of value...But we'll see what happens😁
Yay! 🤗
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