Word of the Day Doldrums. Week 25 of the 52 Pack Opening Challenge - Another unprofitable week...

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Doldrums is my word of the week.

That's a period of stagnation or depression. Doldrums is the best term for my pack openings.


I am opening 52 packs in 52 weeks of Splinterlands Chaos Legion. I purchased the packs at around $2.25 on Tribaldex, which is a great discount from the retail price of $4 a pack on Splinterlands. At least, it seemed like a great discount, but now packs are $1.38. See Tribaldex info below.
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Let's summarize the current assets:
DEC- Recently dark energy crystals touched $0.008 and it looked like it might return to the magical $0.001 peg. It didn't and now DEC is sliding down the hill at $0.00056
SPS - Splintershards haven't registered an upbeat in forever. The downward trend continues with it resting at $0.0226. I saw a few people predicting $0.02 as the low point. @tobetada was spot on with this article: https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-sps-2-cents
GLX - Genesis League Sports Governance Token started out so strong. I think like $0.30, but now it's sub $0.03 and trending down at $0.026. I think we will see $0.01 on GLX by end of this month. Inflation eats.
Chaos- Chaos packs are $4.00 on Splinterlands and $1.37 on Tribaldex. There was a rebound to above $1.45 a week or so ago. That might happen again. But don't expect anything above $1.50 unless Splinterlands starts burning packs.
License - SPS Validator Node License. I was hot on these. I bought two of these around $1,000 each, probably in November, 2022. I don't remember exactly. That investments getting spanked now with License only clocking $768.

The question I ask each week on pack openings is will I have a profit at the end of the year?
Seems like not this week. The return on this pack was a shabby $1.57. A summoner helped. The General rents for a small return. The cumulative cost at this point is $56.25, while the return is now at $62.25. Inflation is eating me. I don't know if I will outrun it in the second half of pack openings.

If you want to play a great Play 2 Earn game, use my referral code for 5 free cards delegated to you for the first 30 days and a bonus of 5 free cards given to you if purchase a Summoner's Spellbook https://splinterlands.com?ref=methodofmad

Posted using Splintertalk

hive-167922 proofofbrain vyyb cent spt oneup slothbuzz splintertalk
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16 comments
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(Edited)

Sps token may not rise that much in the bear market, but it will be at a very good price in the bull market. Because of BTC most of coins could not keep on there prices.

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Hive tracks BTC. Splinterlands does somewhat, but Splinterlands is suffering very much from inflation. SPS, GLX and vouchers are being minted everyday. Unless there is some burn mechanism to slow inflation, Splinterlands assets are going to continue a slow and steady decline.

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In my opinion sps tokan need burning and Minting. I think sps token have to much supplies Even then they could not handle this token at this point they really need burning mechanism.

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I agree. But I don't like the new proposal for Splinterlands to make a new token DEC -B. Seems like an even worse way to try to soak up some of the excess.

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Launching a new token may break the trust of many people and it's not a good idea

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No great pulls sadly! Summoners are always going to have some possible future returns as more are burned. I just burned some Obsidians leveling up which felt great. We need to continue burning as many chaos cards as possible!
!LOLZ

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It has become very difficult to profit in the current market conditions. Wherever Joe coin buys it comes down to even more. As we know sprinterland is a very good project and we want to invest so we should take its cards and its coin and wait for the bull market. If the team brings SPS key and burning methods, it will go up a few more.

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The capitalization of the SPS is $20 million. We could see an SPS of $0.01 if the price of bitcoin is around $10,000. I'll leave a few thousand dollars to buy SPS at this price. !PIZZA

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Any predictions for when it may hit $0.01? Mid summer maybe? I think the overall economy will feel some pretty strong pain in the spring of this year.

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