Investing thoughts for Zing token
Hello and Namaste Everyone
My experience with the Play to Earn game has been pretty good and I'm very happy as with splinterlands things have always been amazing. I sometimes think that I wish I could have joined this game in the initial days but unfortunately, that time I was not even part of this platform even after joining this platform it took me over a year to be part of this game. Joining early comes with certain benefits, especially with projects that are built with bigger goals and have a solid foundation.
Now with hologening, I am trying to do the same which I missed with the first one which is splinterlands. I do understand that there can be some risk because the game is new and we don't know how is it going to perform. But my friend, I also think that if you are going for the investment, you have to take the risk as it is not for you. You earn only when you take a risk and I don't think there is any option where you earn money without taking any risk. It's simple the more risk you take means you are eligible for more reward if things go well and profitable.
I'm trying to keep an eye on the price of zing tokens in the market and I see that it is not dropping and there is some appreciation on the price. The appreciation is not so big so we can also say that it is kind of stable at this price range however the overall market cap is growing. The total circulation is also big but comparatively, a bigger percentage of tokens are staked.
Let's have a look at the below chart which is for the last 15 days in an hourly format and it shows that now price is slowly going up. I know that the daily format is best but that is not showing a good presentation so I have chosen to go with early so that a clear picture can be seen on the page.
Although there is no big price movement and there has been some jump also which did not stay for a long time. Now I think it is very important to keep a close track of the price and if it seems that the price is going to be here for some time then I think it can be a good time to buy more. I also expect that the first sale will determine how things will be happening in the game because it will also show the community momentum and how many people participate in the event.
I want to buy more tokens but first I want to see what assets will be available on the sale so that I can utilize my liquid fund to buy those assets or healer whatever you call it. I want to have a balance between the token and other assets in the game and this is why just keep an eye on the market price to see if there is a great opportunity for buying just in case if not then it is just a usual practice I do to check the price zing whenever I can. I can buy a few thousand zing if the price goes down from this range and if not then I am going to track it further.
Website- https://holozing.com/
Thank you so much
Stay Safe
Posted Using InLeo Alpha