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Moving towards 30k SPS and its better choice to stake with 29% APR

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@alokkumar121
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SPS airdrop has completed 229 days as of today and is now left with 136 days which is slightly more than 33% of the time period. The entire splinterlands community has been enjoying the drop of SPS and grabbed a huge amount of tokens depending upon the holding in the game. There were many factors to calculate the points for the airdrop and even a daily snapshot happens to ensure that the next drop is based on what we hold in account every day. This is good because this way we also have the option to increase our holding and this can also increase the SPS airdrop. If you're getting the drop then its greater but if for any reason you're not then even now you have the option to be part of it and its because the daily snapshot is taken drop will be decided as per the latest snapshot.

I have been accumulating all my SPS tokens since day 1 and I had a clear vision that I will not sell and will accumulate for the long term. Maybe I have lost some money that I could have earned by selling these tokens. This can be one of the scenarios but I have a different goal that I want to have 50k SPS holding. If I start selling then it will not be easy to accumulate and this is why I decided not to sell instead stake everything and earn a decent APR. I even buy tokens in small quantities so that I can grow my stake faster.

Now today I hold more than 28k SPS tokens and I think that this is not a small amount it would be even great when I will have 50k and I am happy with my decision not to sell anything. The current value of my holding is approx 3250$ ad its too less looking at the use case and token utility. The token economy is strong and I expect that this will bring many benefits in the future. As of date, there are two benefits of holding SPS-

  • I earn an APR of more than 29% as per the current rate and this is gaming me earn approx 20 tokens every day. I claim the rewards and stake the tokens again to earn more tokens for doing nothing.

  • With my SPS stake, I am also earning voucher tokens which is another bonus benefit. I am holding this token as well so that when I buy more packs then I can grab some bonus packs and this percentage starts with 10%.

SPS price was so goos earlier that it even made its all-time high to almost $1 and now its moving around 10-11 cents which is surely too low. This price mark has also been stable for quite some time and looking at the below chart it seems like the year 2022 has not been good for SPS. The below chart shows the price from $0.30 and its almost at $0.10 and even the price has been dropping continuously.

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My plan is to have 50k SPS in staked form and now with this achievement, I can expect that I would be able to achieve this mark by the end of the airdrop. I am buying the tokens as well as I am earning through airdrop and stake but all of this is coming to the stake and this is growing every day. I have placed a bit on the exchange top buy SPS at the price of 10 centers where I can get 1000 SPS for just $100 and I think that if this order gets filled then it would be great.

My objective is clear with SPS and I don't want to change it for any reason including the short-term profit. I expect the SPS will reach $1 and its just a matter of time. When this happens then I will be very happy and I ok to hold for a few years. Sometimes free money can be so big and what is needed is the right strategy and planning and hopefully, I am on the right path to make it the same.

Thank you so much

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