Creative design thanks to Canva
With the price of GLX still stumbling at around 0.03 - 0.04 Hive per GLX, I can't afford to sell my tokens at that price. If I recall, I have been selling all of my GLX staking rewards from 0.07 - 0.12 Hive per GLX and I personally think this isn't the price I am looking for my GLX to sell.
This is the reason why my pack-staking and glx-staking rewards will all be powered up until I see a price spike in GLX price. It won't happen again for some time and I personally think it'll take time for GLX to recover the price considering pack staking, Glx staking, Sps staking, and node staking rewards are still up. The selling pressure is gonna be there from time to time.
But GLX will be scarce once these staking features will reach their end time. For pack staking, approximately around 60 days before we'll finally see its end. I can feel that next year, the price will gonna skyrocket once we see the game is finally live and we'll see more utilization for the GLX token.
Right now, the same as hive, the focus is to accumulate tokens as much as possible until the only way to earn tokens is by playing. Once the game goes live and if this game will be marketed well plus the gameplay will be as smooth as Splinterlands, I don't discourage the idea that we will reach the public soon. We have billions of sports fans all over the world and attracting just 1% of the total population will be massive for us.
What do you guys think? Share with us your thoughts!