Splinterlands Bear Market

With all the all time highs in stock market and BTC I would have thought Splinterlands would be able to ride the bull run a bit. Yet here we are with Hive somewhat holding up above $0.18 per a token but DEC continues to fall. A majority of Splinterlands assets can be considered correlated to DEC as DEC is a form of currency that can purchase these assets. Drop in DEC price the drop in asset prices.

A set of Rebellion max level regular is now under $3k according to splintercards.com. Somewhat similar trend with older sets like Chaos hitting a floor near $450.

As is Untamed hovering just slightly under $2k.

Here we are continuing on a downtrend as developers and DAO is trying to entice demand.

I hate to just be venting but day after day we see Splinterlands slowly bleed out value after a nice revival in either update or new set of cards. That is just it, the game continues to roll along with enough demand just to stay relevant but for long term trend is downward.

I will admit my card collection overall value has flatline so its not exactly trending down for the past year or more. Yet I am losing out on opportunity cost when I could have reinvested proceeds I get from Splinterlands onto other forms of assets.

My thought of diversifying into Hive is one way to diversify my holdings. It may not exactly be a big win but at least now I don't ride the steady slope down trend in Splinterlands asset prices.

It is obvious newcomers can see that holding older cards tend to lose value as time moves forward. The demand to hold is just proof that assets in the ecosystem do not hold value. This is not to say Splinterlands is bad. I would imagine its majority of older legacy crypto games that are facing this same issue. The latest and hottest things are always getting majority of attention. Where money goes the attention follows.

I will end with this thought. I started playing the game when it first rolled out because it was innovative. I like how players can own assets and rent out to yield passive income. I like how strategic the card game is and how the tournaments and guilds bring in a certain bond between players that makes the Splinterland community so great. Players who just talk the game and then transcend into other topics of life making it bearable to continue playing the game.

Community remains strong and developments in the ecosystem remains very active. This all are signs that the game can go on for many years to come. Whether or not Splinterlands would ever eventually get back to all time highs is questionable, but having seen how much dedication players and developers have in this game I got to bet there is still a hopeful chance that the old glory days of Splinterlands can eventually happen.

Posted Using INLEO