Hello Friends,
Good day to you.
It's the weekend and I got some time today to check out how the market is doing. Bitcoin price is in stable mode and it's below $30k. The weekend is a good time that we can use to go through the market and it is great that this market is not closed like the stock market. The stock market works only Monday to Friday and there are certain times to follow so if you are interested to deal in the stock market then you will have to follow the timing. The good thing about the market is that we can do it anytime and it runs t24 by 7 which I think is a very good thing about this market.
I tried to go through the DEC market and got to know that it's a stablecoin that is not in the peg range. Its value is less these days but it should be 1000 tokens value worth $1 and this time it's $0.18. It was lower before but there is some improvement and be it gets better or even it can go down. I don't know if it is the right time to buy some or not but players who have been here for long know it better. It's a token that is valuable and it's been told that after lands it will be even more valuable as it will be needed for farming in the lands. I have no idea how this land is going to work because I am on a basic level.
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All I can see is that I can use this to buy cards and packs and I would be ok to do this. If using DEC I can get cards at a cheap price then it's really good. I use the monster market website and there it shows credit and DEC both. I can choose one and pay using this by credit is different in the game. It can not be transferred but with DEC there is nothing like this because it's a token of the game. This token price is low and if I use this to buy a pack then it is profitable.
I don't know if I buy cards directly using credit is good or if I choose to go with DEC is a better option. I get to see the DEC token payment option almost everywhere and its trading volume is also good in hive engine. The sentiments are mixed because buy and sell orders are almost the same. I try to keep a close track of this token's price and if it drops below so it can be a good time. Anyways I can use these tokens to buy assets later in the game so there is no loss but yes it can be good if I get them at a low price.
What do you think about DEC? Do you think that next it will go to a $1 peg value or it is expected to drop in the market? It is not possible to predict exactly but still, some historical performance can give an idea.
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https://splinterlands.com?ref=shriram19
Thanks for stopping by
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