I'd be lying if I told you that I wasn't disappointed by the current market price of GLG packs. I had high hopes but it has been dashed by the way the market perceives the asset.
When you think about it, I guess the current price of GLG packs isn't exactly out of the ordinary. Overall, it is a risky asset and even the GLX tokens you earn for staking them doesn't do much to allay the concerns.
Right now, GLMSPA as they're called in the game, don't actually have any particular utility. Reason being that they're part of a game that is still in development.
Now, considering that there's still so much to come from the game and much to look forward to, I guess the current price is a fair reflection of the situation. It is obviously not what I was hoping for, since I wanted to flip mine or at least break even but I can live with the situation.
The farmed GLX is sparse consolation but at least I earned something from having them. Also, who knows what the future holds with them?
The game will boost the boosters
In the GLS discord channel, they announced a mini or bite-sized roadmap, if you may. The roadmap documents the plans for the next couple of weeks and among them was that we should be expecting the game in Q2 this year.
Q2 is not so far away anymore, so we should be expecting some interesting things in the coming weeks. We haven't gotten teasers or anything but we know that the game will most likely take elements of Splinterlands and it will also be a card strategy type of game.
At the time of writing, I have 82 GLMSPA and I intend to get at least 18 more in the coming days. Having 100 will feel like a milestone but in reality, I might actually end up at a loss.
Considering how things are going and the number of packs that are already in circulation, I'm not sure that the assets or cards in the GLG packs will flip the amount I invested. Actually, I'm pretty certain the only way to break even will be to actually play the game and this is something that I originally didn't plan to do.
When the game is eventually released, I'll ride the hype and see how much value I can extract from it. If it is enough to fllip for profit, I'll take it but if it isn't, then I'll have no other choice than to open the packs and kick some ass in Genesis League goals.
I'm not too enthused by playing a card-based "soccer" game but I'll keep an open mind and see where it goes. Considering how well Splinterlands did there's no saying how big this game could eventually be, so starting now could put me in the same position as the Splinterlands early birds that bought alpha and beta packs back in the day.
