Hello Splinterlands and Hive Fam!
I hope that life is treating you well wherever you are in this part of the world. The weekend is also.
My Splinterlands Game account is - FinPulse9.
In the Splinterlands game, there are two tokens, which are called SPS and Dec. SPS is a different token, which is also called a governance coin in the game, and it has got different use case. The other coin, which is called DEC, is another coin in the game. There are differences in the coins, whereas SPS is considered a coin with high potential in the game environment, and it has some fantastic use cases, also because the game pays an APR of about 10% on top of that, and we also get higher gaming rewards every season.
DEC is a stable coin of the game, where the value for 1000 coins should be $1, but currently, this is not the case. I did not see this price for this coin for a long time, but when I was checking the chart for this coin in the last year window, then this price was there, or maybe close to the expected price range during May and June this year. Now, once again, it is, and currently, it is at its lowest price if you look at the one-year window.
I use the DEC token for the rental payments, and I believe this is one of the great utilities for this token in the game because one can pay for rentals easily, while we also have other options like credits, but that is not a token, and we can't trade that in the market. DEC is the kind of token or in-game currency that we can utilise only for some different stuff in the game, and there is no way we can trade it in any marketplace, so it is not tradable at all. The good thing about DEC is that it is listed on the exchange, and we can trade it, so, for example, if I talk about an internal market exchange, which is Hive-Engine, you can trade over there.
While the price is low for this token in the market, I believe this can be a good opportunity to buy some because maybe in the future we will see some appreciation, and if in case that does not happen in the short term, then also it is fine because at least we always have the option to use this token to pay for rental charges. You can also buy the cards using this coin. The utility is very nice for the coin within the game ecosystem.
I did the conversion for 1000 tokens in dollar value, and I saw that I can get 1000 tokens for the value of 58 cents, so technically, there is a lower price of 42 cents for each $1 worth of token in either scenario. You can say it is also a discount of 42% on the token price, so if it goes back to its expected price range, then I think this discount is really great. So maybe the current price is so tempting, and in terms of buying now can be a good time to go for it.
The entire market is down, and this is surely the effect that we see with the DEC price right now, because in the past few months, the price was surely not $1 for 1000 tokens, but it was not that much low which we see right now. It means the probability of how far price appreciation is quite high, and it might take a few months also, which is fine, but the kind of discount or lower price you are getting for this token in the market is worth considering this and this is why I am thinking that I should be buying some tokens and holding them for the long term.
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There is no reward for holding the DEC, but I believe diversification is also important, so while I'm investing heavily in SPS highly when some of the coins, it is also good if I should invest some part of the funds in Dec also, and make it diversified because you never know which coin is going to perform nicely in the market. Let's see how things will be with Dec, and I can't predict that, but I still see it as a good option, so we'll see if I can have some tokens in My Portfolio while I'm also holding SPS in the game. Thank you!
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Image Courtesy: Splinterlands game website
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