Summer Run
July was a fast month in crypto! Bitcoin made a leap to $42k and found strong support at $38k, it all seemed so fast, some people attributed the sudden price action to the Bitcoin talk(bword) show that happened. The aim of the show was to inform/educate potential investors I.e institutions and basically the public about Bitcoin through a discourse between some popular heads in tech and institutional investments, Elon Musk, Jack Dorsey, Cathie Wood and Steve Lee and others.
It is easy to believe that because approximately two hours after the program ended, Bitcoin leaped from $29k to $31k and continued to move up since then. But personally, I believe that the ball had been set in motion even before then, especially when Jack Dorsey announced his plans to bring DeFi to Bitcoin. To be totally real, I prefer to not attribute these happenings to the price movement of Bitcoin and assume that it’s just the market doing it’s thing.
But this mind wouldn’t stop analyzing stuff and it’s not like there’s an off switch so I’m kind of stuck with it and so are you all.
Summer has been said to be the most interesting period in crypto and quite rightly so, it does seem like this year will be no different after all despite everything that has been happening and FUD thrown around. Again, there is no end in sight to the devaluing fiat currency. Naira continues to fall against the dollar in black markets, the dollar itself is nothing to write home about. $1 is now worth 525NGN, up from 505NGN just last month and is only hanging by a thin thread.
So in my opinion, summer run is still on the table as we are just about to enter the peak of summer. Hold your hats fellas.
Splinterlands
I took a trip to my Splintertalk blog from over 2 years ago and it is almost unbelievable how far my Splinterlands journey has come. I had no idea the earning potential will be this amazing, or the gameplay, all I knew was that a new era had come where people could own transferable, verifiable valuable in game assets on a digital immutable database.
This is the post I wrote back then that blew my mind,the interesting thing about it is that nothing has changed in the sense that the fundamentals are the same, the identified potential, the importance of the concept and its application in the future of gaming. But also everything has changed, from the price of cards to the in game token and the token economy, nothing is the same. Speaking of change in price of cards, I took this screenshot 10 months ago.
The highest price for the legendary gold foil Dark Haon was $94. I was tempted severally to pull the plugs and sell the one I had, but I had a conviction in the usability and scarcity of the card, hence I held on to it for better for worse. You’d be surprised that the card has literally mooned and the cheapest on the market currently costs $580.
Rental Market
With the highest price at $2500. It’s amazing. It gives me so much joy that I took the decision to hold on to it for so long, and at the moment, there are only 5 pieces on the market. Thats not even the most interesting thing. I’m presently renting out mine at the price of 300DEC per day which I need to review and adjust accordingly due to its scarcity and demand in the market.
I’m currently earning around 780DEC per day from the rental market, remember that 1000DeC is worth about 5$ last time I checked, so I’m quite close to getting 5$ per day from card rentals, how sweet, after reviewing the rental prices, I should be able to push the earnings further up! Life’s good with Splinterlands what can I say.
I’ve been spending some ample amount of time in the market these couple of days, because you take your eyes away for a bit and you’ve missed a lot of interesting market activities. I’m currently waiting for my Dark energy capture rate to return to 100% so I can fully analyze how many matches I can play and how much DEC I can earn before it drains out. I will be giving the report in my next post.
Thanks for reading guys! Cheers to the new month!
Sign up on Splinterlands with my ref link
Posted Using LeoFinance Beta
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.