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.
It's been a while since I talked about the HoloZing game. This is a new game that we are going to have for game play soon and it was announced in October. The team is trying to build the game so we can say it is currently under development. Currently, we have tokens available and reward distribution is also going on.
This game is currently under development and only tokens are available for trade and even for reward distribution. One can earn the token provided the person has enough hp or liquid tokens to participate in the liquid pool or even keep some tokens at stake. Those who do not have the required resources can buy the token from the market and I fall in the second category. I do not have resources that can get me to earn zing tokens because hp is the major requirement. I do not have HP so I cannot think about that option. I'm thinking of buying some tokens from the market when the price is low but let me tell you that we don't know what is the lowest price. Figuring out the bottom for any token in the market is a challenge and nobody can do this.
Today I checked the price chart for the Zing token and I can see that it is following the downtrend. Once again I can't say whether this is the bottom but the price is lower than what we have seen in December month. There is some trading but the volume is not much and it is approximately two hundred dollars daily. Ask for this chart we can see that price is up by almost 24% in the last 24 hours but it looks like it has dropped again.
The price currently in the market is 0.0105 hive and this is the lowest ever. I know that it is very difficult to figure out the bottom and maybe if I buy now then also there is no surety if it will not drop further. This is a market and fluctuation is inevitable so with the zing token price also we can expect this.
I have also delegated some HP which I know is very little. I got some tokens as part of the reward for my HP delegation but that is not big and I also have a thought that I would prefer to buy tokens from the market. I think I should be buying when the price is low and looks like I need to think about it because the price is almost there. If I talk about the APR so zing is staking APR is 28% and for delegation, it is 16 or you can call it almost 17%.
Conclusion
There are two things that I need to work on. The first is I will be trying to keep a close eye on the token price in the market and if it looks stable so will be buying Zing. I don't think I need to buy a bigger chunk of token instead buying in part can be a good idea. Second, once I buy the token I will be depositing all the tokens in the game account so that it can start earning the APR of 28%. These are two action points for me and the second is dependent upon the first one S I need to decide between buying at what price I want to do this.
My referral link for the Holozing Game-
https://holozing.com?ref=shriram19
Thanks for stopping by