I am with you. I am well aware of being gameified yet it worked for a while for me as well. But after having been sick for a few days I lost my streak. Apple tolerates no sick days (don't take this out of context).

Also, not getting in enough stand hours because I have to put the watch on the charger during the day (the non-replaceable battery of the watch is on its way out) was another reason to stop chasing rings.

I still use the watch to track my activity and my sleep but I gave up chasing badges.