Hello to my fellow community members,
Friends, recently the entire market crashed by a huge number, and that is why even the HIVE token was trading at around 60% lower value.
Currently, it is trading between $0.14 to $0.15, and that is why I am here to share this blog where I am going to tell you whether you should continue to increase your liquidity position in the HoloZing liquidity pool.
In the screenshot below, you can see the ZING token chart, where the price is actually the same. It has not changed much in the last 10 to 15 days, and the market crash happened on 10 October. So, this means that the ZING token is still trading at the same level.
Now, let us move towards the “Add Liquidity” section so that we can see how much HIVE token we have to pay for one ZING token. After that, we will understand if it is a good decision to continue increasing the liquidity position in the liquidity pool or if we should wait a little before doing it.
In the screenshot below, you can see that one ZING token requires 0.001 HIVE token, which means that a total of 0.058 HIVE is needed to add liquidity for 58 ZING tokens today.
Now, I am going to share a screenshot from last week, which is seen below. There, you can see that 100 ZING tokens were used to add liquidity, and we had to pay 0.1 HIVE. This means that the liquidity amount we added in HIVE token last week is the same as this week.
So, this means that you can continue adding to your liquidity position without worrying about anything, as the result is going to be the same.
The good thing is that we already added liquidity, and now when we look at the APR, it has increased a bit. You can see below that it is now close to 50%, which is a good thing for us because we are going to farm more rewards.
In the screenshot above , you can see that I am already farming 9.3 ZING tokens, which is really good. So, I am going to continue adding to my liquidity position, and I will keep analyzing this in the future as well so that you can make your decision after reading the blog.
Thank you, friends, for reading my blog till the end.