My investment experience with ZK Swap token generation event.
Majority of the people belief that investing on coins at the time of presale or listing will help to earn decent profit. But it is a single side of story. The other side of story is that you may bear huge loss on your investment. That's why invest only those amount which you can afford to loose. In today's post I'll share my experience of my latest investment.
Friends, I had joined ZK Swap token generation event on 25th August. Token generation event is just like a pinksale event, which give you multiple benefits like 20% less price from the listing price. 25% extra token on your investment. Minting of free NFT if you spend 0.005 ETH.
I almost invested $88 in token generation event. I have managed to earn 219,000 ZF coins in my $88 investment. After claiming my token, I observed a big dip in price, when I tried to sell my token on swap. My token worth shrinked from $88 to $61. Things didn't stop here as the worth further down to $41. Drop in price has shrinked more than 55% of my initial investment. This is the common problem which crypto enthusiast face in their daily routine. It is a fact there is huge probability of loss if you act blindly.
ZK swap started dipping, when one of the big holders dumped their coins below their buying price. It creates FUD in market as a result people try to sell their coin to avoid further damage, as a result market observed further dip. Big holder manipulate the market first they sell coins at lower price and latter when huge dump observe in market they re-buy those coins at minimum price. I am in no mood of selling my coins at cheap price. So, I decide to stake my coins in order to earn more coins.
Listing of ZK Swap on centralized exchanges may give hype to its worth. Time to show patience and believe in project. This is the only thing we can do right now. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.