Lower DEC Because of Lower Hive
The boom in Hive have slowed and maybe in a downturn. If so it is also dragging down DEC from peg.
The Hive to USD is falling and in turn is trending the same with DEC to USD. This makes it cost more to purchase Splinterlands assets.
The price of DEC is near its all time low in the past three months which is not making Splinterlands assets cheap.
The core token SPS is now also falling with the other tokens mentioned.
Earning SPS through battles and land is not as profitable than even just a week ago. This type of trend is not inspiring us gamers to keep playing.
I have not lost all hope as I have reap much benefits playing the game and as many other players still believe in the developers.
My ranking in staked SPS is proof that I still have belief in the developers and the game. I have the patience to stick around and see where this all ends up.
The tokens maybe down but we are not out of it yet. We can think of this as a potential time for players to transfer credits into the game and buy items irresectable of how token prices have fallen.
Until next time thanks for reading!!!
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If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!
THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!
@tipu curate
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It's too bad that the prices dropped back down, but we can't control it. Hive did pump quite a bit without the rest of the market moving. So I think it's just a correction.
DEC correlates with Hive. It is not ideal but like you said we can not control it and just accept it for what it is.
Hive going down also makes DEC and SPS go down. However, DEC and SPS also get some correction, so they don't fall as much. That means that SPS and DEC have increased in price when compared to Hive.
This poses a greater challenge for DEC to get to peg as it seems Hive needs to rise a lot first. If they were not correlated as much I would be optimistic about DEC's future.