Splinterlands - The rental market APR is not impressive anymore and assets value is also going down

The rental income from Splinterlands in the last season was not very great. I got close to 34k DEC as rental income. A month before that it was almost double that value. I was wondering it would give at least a 10 % or 15 % APR to us. But unfortunately, the APR is not even 5% now. I have some of the best cards but there are no takers. I have some gold foil legendary cards listed in the market but nobody is ready to rent them in. Especially they are in attractive price considering the price of DEC right now.

This probably says that the fortune from the rental market is gone. Or maybe it will take some more time to get the demand back. After the CL pack sale and pack opening. I guess so many things have changed. Probably people have enough cards to play the game and they no longer need to rent old cards. Or maybe there are cards in the CL packs that are equally competent with some of the old cards. So many theories but we don't know what could be the real reason.

Looks like it is not just the rental market but it is everywhere in splinterlands. Almost everything in splinterlands is slowly going down. I understand it can probably be a good opportunity to purchase and accumulate SPS from the market and have a very good stake but if they don't come up with a proper plan to bring some use case for SPS, I guess everything might crash.

Playing games is also hard

Even though I did not play the game in the last two seasons, I heard it from some friends that playing is also not fun anymore. It is now very hard to progress even beyond Bronze or Silver even though we have a good deck. Some people who would have played Champion before the SPS drop would already be playing Diamond or even Gold but now that the game is getting competitive and tough, it could probably be challenging to get past Silver league.

I once used to play diamond leagues very easily but I found that I wasn't able to go above Gold and if I play very casual, I cannot even cross Silver league. The new players will have a good opportunity to grow now. At least that is what I think. The main reason is that they know very well about the new cards and old cards are also getting tough with the new CL cards.

Leaving the cards in the rental market

I guess in spite of all these things, I'm still going to leave my cards in the rental market this season too. I have absolutely no time to play the game and I don't even know if I would be able to catch up with the new cards even if I play.

I was able to notice that the overall asset value is also gradually going doing. This is either a good opportunity for the players to increase their stake or just hold on tight for it to recover back. I'm sure people may not be interested to sell their assets now, especially people who have lots of hopes on Splinteralnds.

Posted Using LeoFinance Beta