Hello and Namaste Everyone
I try to claim my Zing Reward every day and sometimes it is possible I try to do it a couple of times in a day. I'm not sure what is the limit in terms of the number of claims in a day but whenever I feel like or remember that this should be done then I just do it. Because I do not follow a fixed pattern with the claim so whatever tokens are there I just claim it and it hardly takes ten seconds to get it done. There is an option on the same page where we can see the token price and the total market cap so I try to have a look at it every time I claim my zing token reward.
The price was looking quite stable but today I see some fluctuation in the price as well as the market cap. Today I claimed about three times in a day so I could also pay attention to the token price and market cap. I noticed that there is a big change in the price so thought of checking in the market. The last prize I checked for the token on the market was 0.05 hive and today it's almost half of it.
Zing Price
Now let me take you through the price chart for the token and we will observe that the price fluctuation has been higher in the last 2 days. We can see more red bars today and this is because the price is dropping continuously in the market so what is happening now? I don't know and to be honest I can't answer these questions because I have no idea why is it happening.
Let's also have a look at the order book where you can see that people are selling at 0.026 and buyers placed orders for a bit lower price. So with this comparison, I see that the price has gone down by 50% when I checked it almost a week back in hive-engine. In between the marketplace was also not working and I'm not familiar with tribal decks so I prefer to use the hive-engine most of the time.
I am buying Zing
We need to understand that the project has not even started from a game player point of view and as of now we only have the tokenist distribution happening in the project. I see no reason why we should be selling the token because obviously, we don't know the token use case. I have been buying this token for the last couple of weeks whenever I see a better price and again I see this price as a good point to buy. I do not want to buy all the tokens at one price.
I think it's better to buy in part so I am doing that and in this case, if the price goes up then I am happy because at least I got some. If the token price goes down then anyway I'm ready to buy more and this will help me have more tokens at a better average price. Many traders follow this practice and it is good because we do not know how things will work in the market and this is the reason why buying in parts can be a good idea. It can be done on the ceiling as well but I prefer doing it on the buying because for selling I haven't tried it much.
Growing my Zing Stake
I got my first order filled for 500 tokens and I also powered up all of my stake. The current APR for keeping Zing token as a staked is almost 90% and this is a good time to do this. Whatever tokens I will have as a stake in my account will be getting me this APR and this is the reason why I want to avail this opportunity.
I have claimed my reward just now and also did his take five hundred more tokens so now I have over 4k zing tokens in stake form.
It's been about three weeks for me in this game because I started a bit late. I missed the opportunity to log in early because I was under the impression that I was not eligible for any reward but actually, I was. Now I'm happy that I still joined the game on time because I'm getting the better APR through different ways and also able to grow my holding gradually. Buying from the market is surely a good option and I'm trying to do as much as I can. I hope that this will help me have more tokens at a better average price.
Website- https://holozing.com/
(Images are taken from the game website where the source is not stated)
Thank you so much
Stay Safe