Rental Market flatline
One of my longest hope for is the Splinterlands rental market to turn around and go up. As of now there is better demand for rental than past weeks but relative to all time highs we are just a fraction from target.
I have close to 1/2 my collection out for rent and I am managing a meager 1k DEC daily in earnings. This only happens during middle of the season where as in the beginning of every season my earnings are 500 DEC daily.
To hold cards versus staking sps the winner here appears to be sps. On one hand it took me years to accumulate my card collection. Meanwhile sps dramatic price value has been overall lackluster at best. Sps having at all time highs over $1 and now down to below $0.02. It may have found a bottom but if I had been holding sps versus cards I probably would have taken a bigger hit in lost of value.
So even if we can earn 14% Apr for staking sps I wouldn’t invest in solely sps. Instead I have put vast amount into cards knowing I won’t be yielding anywhere near 14% Apr in value for the cards. Instead I invest in the cards to stay competitive and know they hold up in value better than the sps token. There simply isn’t as much benefits of holding sps or staked sps. What’s your thoughts? Invest in sps to earn a higher Apr or invest in assets such as cards to earn less than 5% Apr?
Until next time thanks for reading!!!
I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:
If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!
THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!
Sps have lost its value, and it's sad for investors, one of my friends had 1 million sps . i don't know if he has them now or not.
The rental market has become a sad state. I've always said, the health of the rental market is the health of the whole economy.
!WINE
!PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
It’s weak but hoping land 1.5 will turn things around. !WINE
I have started to buy more SPS tokens. I also buy cards that i think are undervalued. But its difficult to predict with rebellion coming out !
The rental market definitely went down a lot after the reward cards became soulbound. At least it has somewhat flatlined because land is going to be coming out soon. We don't have a huge influx of players so reducing the supply on the market will help.
Yes we have seen its graph going down but no need to worry as soon as their land game takes over it will bring back users again and prices of things will go up.