The SPS APR went below 30% (2022.08.06)

in LeoFinance5 days ago

It is currently 29.77%. At least its price went up a bit. It is currently $0.074 USD. The last time I checked it was around $0.05 USD. Hopefully soon there will be new use cases, and they will create demand for the SPS, and therefore they will push up its price again.

I am still staking all of my SPS. Good to see the value of my SPS collection above $50 USD again. The highest so far was around $200 USD, when the SPS was worth around $0.90 USD.

Of course if the price will not go up, and if the APR of the SPS will go below 20%, then probably I will sell all of my SPS, and I will put the money into Hive Dollars (HBD) savings.

To be honest, SPS is full of regret and disappointment for me so far. I really regret not selling all of my SPS, when it was around $0.90 USD.

But even in all of this regret and dissapointment, I am still staking all of my SPS. Time will tell whether this is a good move, or not.

I have patience and time. Hopefully it will pay off over time. People used to say that good things come to those, who wait. Maybe I waited too much in this case. But hopefully not.

Time will tell.

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With the SPS Pools now giving SPS rewards there are good alternatives to staking SPS. Some examples are swap.hive:sps around 140% apr or sps:dec.
You can find a few words on this in my latest post.
!PIZZA

I checked it. Currently I do not have Vouchers, but I have other tokens, for example SPT. I keep building that too, but maybe I will sell other tokens to buy SPS, SPT or Vouchers.

Well I have over 13k of the things so these little ups and downs in the price are really starting to reflect on the price. I have not gone over $1k yet in a long while...

If you have a lot of SPS, then even a small increase/decrease is visible on the price. If you are brave enough, then you can trade it. I only bought a few SPS in the past, but I have not sold any SPS so far.

I do not think that now would be a good time to trade it.

I don't really regret not selling because I wasn't relying on it as a source of income. I did get quite a bit of earnings just off the VOUCHERS and I don't mind letting the SPS ride. On a side note, I heard that VOUCHERS will be used for Riftwatchers so we might see another pump for that.

Posted Using LeoFinance Beta

Then there is another thing to regret. Selling Vouchers. I sold my Vouchers in the past. I have not heard about Riftwatchers so far. Hopefully the SPS will also have something to do with it, and its price will go up again over time.

I wish I sold at $0.90 and got back in great post this definitely deserves a @tipu curate 3

Thank you. I keep building (claiming and staking) my SPS collection, and wait. Maybe months, maybe years. We will see.

You are welcome 🤝🏾 I keep building to but unfortunately it seems that certain people got in very early and cashed out early and also there's a lot of early investors who are holding big amounts and could crash the price at any time so just cash out when it's right for you because anything could happen nothing is guaranteed

it seems that certain people got in very early and cashed out early

Maybe they did it right. Around $0.90 USD.

and also there's a lot of early investors who are holding big amounts and could crash the price at any time

I saw a few of them with millions of SPS. SPS is already crashed, but of course I can imagine SPS going below $0.01 USD, if they start a massive selling wave.

so just cash out when it's right for you because anything could happen nothing is guaranteed

You are right. I still hope for new use cases and increased demand for the SPS. The big investors are still holding it, so probably something good will come. They have one or more reasons to hold it.

I believe SPS will have a bright future and splinterlands in general the main reason I'm still here is because splinterlands I was going to leave a long time ago splinterlands kept me here I don't play it as much as I use to as I don't have the time but I do try and play when I have some free time 🤝🏾

Your post was upvoted and reblogged on @crypto.defrag

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