Hello, the beautiful people of Splinterverse. Some amazing things are happening after the implementation of the SPS rewards in battle and in loot chests. Especially the booming renting cost has become one of the key points to be explored. I am also trying to grab some extra DEC from renting some of my low-level GF cards as I have entered into the gold league now. In the last weeks, I have introduced some strategic ways to find the new cheaper cards which can be very useful from many perspectives in the game such as winning with more DEC, and more R-shares. And also I have discussed one of my favorite LIFE COMBO at a low cost and the fascinating ability of FORCEFIELD which is the most rarest ability among all the cards as only 5 cards own this fascinating ability. These cheaper and alternating cards can be useful and amazing options for the substituting of many expensive cards with high renting values. And also for price appreciation in the future, these cards can be solid investments in this dumped market. I hope those discussions were very helpful for improving your Splinterlands experience.
This week, I want to share the most hyped topics that recently going among most of the players who really think about the Splinterlands and believe in it. This discussion will be about the SPLINTERLANDS CARD MARKET: both renting and trading with the bot services that are crucial in many points. I will try cover as many details on my thoughts as possible from all the possible aspects. So, I planned to make a discussion with the clear concept of the crucial market trends that I have explored in last two seasons. I hope the discussion will be beneficial for you whether you rent your cards in the market or borrow cards for your decks.
Current market scenario
**Currently, the trading volume per 24 hours is more than 54K whereas the renting market revenue is 5.5 K which means 10% of the total trading volume is generated in the renting market which is really amazing. And it shows that card owners can make their idle cards into passive money.
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Another noticeable thing is that the ROI is also very high in renting markets in some cases, like look at the following figure, the 0 MANA cards from the Chaos Legion set is giving the ROI of more than 60% and 40%. Also, the new reward card is giving the ROI of more than 20%. Though there are lower ROI for most of the cards but even in this cases, the passive earning is a good idea as these cards will be more expensive with when the supply will be stopped. Besides, the renting market, the cards flipping is another way of earning but that needs more investments and patient!
Earning by trading
If you explore the CARDS market of the Splinterlands cards, you can easily notice the market trends is moving same like the other crypto markets with price increment and decrement both. But most of the time people just overlook this but I know some people who flips cards and make money more than playing the games. And also some people are flipping cards by buying packs from the market and then selling them in the cards market. If they got lucky the earn a lot just like gambling. And this is one of the reason of the dumping market!
The benefits of the TRADING CARDS are as follows:
- You can earn more money than playing the game, and if you are investing for long term then the return will be heavy as the market is at the bottom currently!
- You can place order same by bidding and save time for target hit and also sell at your own price easily.
- Very few blockchain offer such transaction cost free operaration!
- There is enough liquidity for many solid cards so, it will be safe to invest in those cards.
Draw backs
- You need a large amount of money for trading good cards.
- Often it takes a long period of time for completing a trade.
- In market clash your money will be stuck to the card
Earning through the renting market
The renting market is the best way to earn a lot passive income without spending too much time in playing game. And currently, most of the people are attracting by the high ROI rate in the renting market. Even I am also earning some extra DEC by renting some low-level cards for my deck.
The major drawback that is recently appeared is the renting bots which has destroyed the renting market in my sense. Now people are not placing cards in market changing prices frequently but the bots are doing these stuffs for 24 hours and as a result there is a big competition among bots to rent their cards in first place.
For an example in last season I have rented my GF legendary BAAKJIRA at a rate of 130 DEC per day and lowest was 60 DEC per day in the last season. But now it is only around 20 DEC per day! But still the ROI is more than 8% which is awesome!
How bots are affecting the system?
As bots are working for 24 hours and they are replacing humans from the market so, the market trend is moving through the compettion not through a strong and stable economy. Most concerning thing is that, if it continues the renting market will die soon as the rewards by creating alts account can generate more profits than renting those cards! Currently what I am trying to do. But what will be the ultimate results???
- The whales will create more bot farms and people will leave the space soon as they can't defeat the bots! And I think the current market dump is the beginning of this era!
- Bots will not buy the cards and only rent the cards that will be more beneficial for loot box farming and those cards from those loot chests will further dump the market. Which is currently going on!
- The whole economy of the game can go under the bots! I think the process is already in the pipeline and reminding me about some sci-fi movies!
Proper initiative
The league requirements should be revised with the own cards not from the renting cards and also the rewards should be decreased for renting cards- it's my opinion as I am fearing about the bot farming as everything is going towards these bots! But how to keep alive the renting market? The solution is to win you need to rent cards, and if you don't buy you will get fewer rewards and if you don't rent or buy you will get nothing. The cards onwership should be appreciates to make the economy booming and the rewards should be recalculated according to the cards level that can be very effective to defeat the bots.
Also there can be another implementation of hard splinter team selection in battles. Many bots are outperforming people with only two decks in max against the people with all the decks in moderate level. So, there should be some difficulties for defeating such bots.
What do you think about the current situation, let's discuss in the comments and thus there can be some good solution and hope Splinterlands will do everything to protect the ecosystem. And thank you so much for reading my post. Have a good weekend!
And, If you want to be a proud member of the Splinterlands community and enjoy the magical world of hundreds of monsters and strategies for your battle where you will have the opportunities of amazing battles with some extraordinary monsters with amazing abilities which will uplift your online gaming experience to a new level. You can enter into the Splinterverse through this link sign up to join splinterlands
Thank you so much for your time and attention.
I will catch you at the next.
All the images are prepared by me from the splinterlands and peakmonsters resources.
!MEME
Credit: arthursiq5
Earn Crypto for your Memes @ hiveme.me!
Dear @tanzil2024,
How do you trade cryptocurrencies? Buy Sprintlands items with your smartphone?
Yeah I use some cryoto wallets in my phone, but not use any fiat money to buy crypto, just invest from one crypto to another projects
Dear @tanzil2024!
I don't know how to buy and use cryptocurrency.😅
So, So, I want to know how you buy and use cryptocurrencies!
I use binance to buy some USDT by paying BDT through p2p trading.
https://accounts.binance.info/en/register?ref=22786007
You can use credit card also from here and transfer to your Hive wallet.
You ca search in youtube also.
Thank you for advice!
I will try it!😄
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