I know users losing hope because the price continues to fall and there is not any solid update from the team. A week ago it was trading around 0.005 price but now it is even lower than that so in this situation we can expect a new bottom because whales are selling the glx tokens and it is directly affecting the price. The airdrop is still going on and no only a couple of months remain before the airdrop ends. Before this time it is important to collect the GLX tokens as much as possible. Well if you want to stay updated with Genesis League sports then you should need to join the discord channel.
Actually when you only see the town hall summary then you will not stay updated on a daily basis. If you want to stay updated then go to Discord and check the discussion and announcement and also discuss there. This way you will get all the updates. Node licenses are not selling because the price is higher and it is taking so much time to recover the capital cost of investment so I think this is the reason people not buying the GLX node licenses. But in this case, whole the Genesis League economy growth is important and it is possible when the game launches fully. When people see that the game is fully launched they have the opportunity to earn and also the game is fun to play, we can expect more transactions and especially more investment in the game. However, this is just a speculation and only time will tell what is going to happen.
What We Can Expect
Expectation was higher but if you are losing hope due to the falling price then You should know that this is the project by Splinterlands so they will definitely do something surprising in the near future. Also selling at this moment is not a good idea Instead if you have bought GlX at a higher price, you should have earned from the staking and you can see there are 63 days remaining so till then you can earn the 65% APR from your staking. I know the price is very down but it is better to sell in loss.
Also when the bull market comes then it will definitely spread positivity in the glx market. So at least we can expect the recovery. So currently just Hold your fund for a better price. I hope they will start the full game soon because many people have been holding assets since the game started. And it is important to utilize the assets.
My GLX Token Holding
As I said in the post title I have reached 9218 glx tokens in the staking. And I think within 10 days I would have 10k glx tokens. Day by day the APR is going down and currently, there is a 65% APR. I think APR is still higher to earn so accumulating at this price is a very good decision because getting glx token at 0.004 price is a really good deal. It would be great if the price is recovered from here after purchase. However, it is up to you but I have a plan to accumulate from here If I get a fund.
What is your prediction? GLX will go to 0.001 or not please let me know in the comment section. I think anything can happen because whales are selling glx tokens. And yes airdrop is also the reason and along with this bear season is there. But GLS is new so it is quite independent. I was lucky that I had not bought this token at a higher price and now I have a chance to buy it cheap. Anyway, do not forget to share this post with #play2earn and #splinterlands tags. Have a good day ahead.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
