Hello Friends,
Good day to you. I hope that the day is going well for you all and it's going well for me also.
In my last post, I discussed that I am tracking the price for the Zing token. Everyone knows what this token is and what about this gaming project which is currently under development. Token is the only asset we have as of now that can be traded in the market and because it is available for trading so it's obvious that the price fluctuation can be seen. The price can go up or down depending upon the demand and supply but these days we see that the price is down which I think it is not.
The reason why I say that the Zing price is not down is because the price for hive has gone up. The pair we have forging token is with hive so when the price for hive grows and it remains the same for zing, we get more zig against hive. In this scenario, the zinc token is not losing its value but it's just stable which can also be considered as a good point.
This data is taken from the marketplace where you can see the current price based on market movement. It's saying that the total market cap is 163k but this number is different in the game website and I think this data is not updated in real-time in the game most probably. It is not a matter of concern but I'm happy that for the same hive, we can get more tokens.
Let's have a look at the price chart below where you can see a green bar on March 8th which is today. This is up which indicates that the price is up but actually, because the price of high has grown up so this increase is not much visible. There is not much volume in terms of trading because the 24-hour volume is just 275 dollars.
Let's also have a look at the trade history and it is surprising to see that the majority of the people are selling off their tokens. I don't know what is going on here but this is surprising for me where the maximum order for token sale is in the market. This happens when the price is up and because the green candle is seen on the price which is a clear indicator of the price appreciation and probably because of this reason token holders are trying to book some profit which is also fair.
If the price for hive goes further up should be ready to get more zing tokens for the same amount of hive. The Crypto market is in a better situation this time and it will not be a surprise if we see the high price going to half a dollar or even more in the next few weeks or months. I wanted to buy some tokens this week but after seeing this kind of momentum in the market and growing price for high I thought let's have some more time and wait to see how things are moving around. There is no hurry on the wine but if the price of high goes beyond half a dollar the price for zing will be even more interesting.
Conclusion
Sometimes people try to grab the opportunity by selling the tokens at a higher price and buying back at low price, which is a good strategy in my opinion. But to execute this strategy one must have a good holding and unfortunately, I don't have that so this opportunity or the option is not for me. Those who are doing this must be happy because they can sell at high now and once the price goes down they will buy back which will increase their overall token holding through this smarter way of trade. It's fine as long as people are following such ways to grow their assets holding and this is also a great opportunity for active people to grab and be ready for the game once it goes live for gameplay.
My referral link for the Holozing Game-
https://holozing.com?ref=shriram19
Thanks for stopping by
Posted Using InLeo Alpha
