Exploring SPS Rental market in Splinterlands

We have got two rental markets in splinterlands. One is for the card rental where we can generate some passive income by renting out our cards and the second is for the sps power where some rewards are generated if we delegate our sps power. But the card rental has been here for a long time but this sps option has been added recently. It is a good option for those who are not playing in the game because this way they can generate some returns on the SPS stake whereas the APR will be ongoing. The SPS staking APR has been dropping because now many people are adding the sps to their stake but still, it is more than 16% as of now which I think is a good percentage.

Splintershards (SPS) is one of the coins that was always considered valuable in the game since the beginning but I don't know why people thought that it is not going to be a useful component in the game. I'm happy that I have been accumulating the token since the beginning however I have missed the opportunity in between but it is OK because now that holding is helping me to get better rewards. I know that I'll not be able to accumulate millions but at least I can think of having 100k SPS or something with the same strategy that I have been following for the last two years. It's been approximately two years since the sps launch as I remember it was launched in July 2021 so, in these last two years, we have seen a lot in the game. When SPS was launched the game was at its peak and the asset value was shot up to the sky. I expect that this will happen again and it is just a matter of time so we need to be patient and wait for the right opportunity.

SPS Rental Market

This is the place for the sps rental market where we can fill the bid if we like to rent out our sps power and the price is displayed. I see that there is some drop in the rental price but I think it is because of the ongoing season and that is not a problem since it is something that will keep on fluctuating. when we will get to see more demand then it will also result in better pricing so we need not worry about it however there are a few things that should be improved.

I appreciate the fact that the team has provided this option and this can be considered as a passive income just for holding the sps in the game account. when we delegate then it remains valid for seven days and after this time this doesn't come back automatically which I think needs a fix. I know that this is not a bug and the team has planned it this way but I do not understand the logic behind that why should I claim it back after 7 days in an idle scenario this should be coming back automatically. I will not be getting any reward even if I continue to delegate after 7 days so there is no point keeping it the same.

SPS Price

After the change implementation in the game, we have seen a good price spike on SPS which is good and the below chart clearly shows the positive movement on the coin price. this change was implemented on 6th July and thereafter we can see the upward movement in the token price however at this stage it looks a bit stable but I believe this should be going up even more. The current price is still low considering the use case that we are going to see in the game. Simply, holding more SPS means better rewards in the game I'm sure a lot of people would be doing that because the higher reward is something that everyone wants, and because of this change many people would be buying the token so demand is expected to rise.

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Demand and supply are the major pillars in the coin price determination so if we can see higher demand that means there will be a higher price in the market and we know that there are not enough sps for everyone. the team has already shared an update recently on Twitter that they have not got enough SPS for everyone so with the limited supply and the burn mechanism it can be a good time to buy more SPS at this price. I keep on buying from time to time from the internal market which is hive-engine and this way I try to grow my holding however whatever rewards are generated are also reinvested in the game. Re-investing is one of the best strategies to grow the holding faster and I have been following the same for long.

I have a long-term strategy with SPS and this is the reason why I continued to grow my holding. I simply believe that it is the right time to invest in this token and if we check out the all-time high price then the current price is definitely at a great discount. Because I follow the long-term strategy with these tokens so there are a couple of benefits that I am getting including the better apr and enhanced gaming reward which I am getting at the moment but in the future if the price appreciates then it is going to be a bonus for me.

(Splinterlands is a fantastic play-to-earn game and if you like to join then do it through my affiliate link shared below-)

https://splinterlands.com?ref=reeta0119

[Images are from the splinterlands game wherever not mentioned]

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