Another thing to factor in : the future of card power. Rewards are a the cheapest source of CP. Players are gated behind some CP requirements, which caused an upwards pressure previously. I myself bought tons of CP. But since they announced they were to lower the requirement for modern, but pressure ain't there anymore. There's also airdrops ending soon. CP is slowly losing its value.
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Agreed 100%. Since the beginning of this month i've shifted from acquiring more card assets for CP purposes to adding more SPS which is what i'm bullish on.