DEC to the Moon!
Fomo o Real Value?
Splinterlands continues its unstoppable race and today the DEC token, the native token of my favorite blockchain-based game, reached its ATH (its highest value ever).
Just over 4 months ago (March 11, 2021) one DEC token was worth $0.00068.
1000 DEC tokens were worth $0.68
Just three days ago (July 20, 2021) one DEC token had the value of $0.00152.
1000 DEC tokens were worth $1.52
Today 23 July 2021 one DEC token is worth $0.00323
In fact at 19:02 83625 DEC tokens were sold at a price of 0.01098 HIVE.
1000 DEC tokens have reached the value of $3.22 (10.98 HIVE)
In just 3 days the increase in value was 112.50%!
It's really an exceptional result that shows all the strength and potential of a solid and well developed project like Splinterlands.
But this increase in value so sudden is the result of the so-called FOMO or the real value of DEC tokens?
FOMO or Real Value?
Splinterlands is my favorite game and it's also the project I believe in the most but I think this increase in value is mainly due to the upcoming Airdrop of Splinterlands governance tokens: the SPS tokens (BSC) and so I don't think it's a lasting value (I hope I'm wrong).
The Airdrop of the SPS tokens however will not be an airdrop like any other because it will have a duration of 365 days.
Moreover only 13.33% of the total supply will be distributed through the Airdrop: 400 million SPS tokens.
Most of the SPS tokens (60%) will be distributed to active Splinterlands players (Battles and Tournaments) and those staking SPS tokens.
Here's the main reason why instead of buying DEC tokens at the current price, I've decided to spend a portion of my DEC tokens on buying cards from the Splinterlands marketplace.
Buy cards or buy DEC tokens?
Today I took advantage of the high value of DEC tokens to buy some cards in order to optimize and enhance my card collection.
For example today I bought several cards including 11 Electric Eels for which I spent 1617,519 DEC.
Yesterday alone and for this purchase I would have spent more than double the amount of DEC tokens I spent today.
The most interesting aspect is that I spent 1617 DEC tokens but increased the DEC conversion value of my card collection by 1320 points.
For airdrop purposes I have lost less than 300 points but I have added to my collection a card with a very useful ability (Blast) that will make me win more easily some battles and consequently I will earn more DEC tokens in the long run and also more SPS tokens since 30% will be distributed as a prize just for the victories in the battles and tournaments of Splinterlands.
I bought more cards besides the cards I showed you earlier and today I spent about 20000 DEC tokens.
In the next few days the value of DEC tokens may still go up especially close to the initial day of the Splinterlands airdrop.
I will continue to buy cards if I find interesting opportunities so in this situation I chose to think more about cards than DEC tokens.
If Splinterlands will be more and more successful and will increase considerably the number of active players, I am convinced that among the various assets of Splinterlands will be more likely the cards (and plots) to increase in value and especially will be the cards useful in battle to maintain a certain support value more difficult to break.
The DEC tokens on the contrary will always have more marked fluctuations than the cards.
Obviously this is just my thought and my strategy to buy cards instead of DEC tokens could be totally wrong but no one has the ability to predict the future and between making a decision and not making it I always prefer to move and choose, even if my choice could be wrong.
I think that, even if in a small part, the sudden increase in the value of DEC tokens is due to the fact that not all Splinterlands players have read all the details of the distribution of SPS tokens.
And how did you decide to move in this situation?
Do you buy, sell or wait?
I would love to know your opinion and reasoning ;)
If you want to know an estimated value of the SPS tokens that you will receive from the upcoming Airdrop of Splinterlands you can use the useful calculator of the site https://www.splintercards.com/tool-sps-airdrop.html
You're not a Splinterlands player?
Any game that allows the purchase of cards and tokens is never a simple game but is also an investment and should be considered as such.
I am not a financial advisor and if you decide to invest in the game of Splinterlands you do it for your own choice and at your own risk.
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