It has been almost a week when I first shared about the Holozing game on Hive blockchain. By now almost everyone must be aware about this game but if not then you can visit my profile and learn about the game as well as earning opportunities that the game is offering even being at a closed alpha version.
Today, we will do the market analysis of zing token. Zing token is the native token of Holozing and it is also the only in game currency known to us and that is why its market analysis will help us a lot. The performance being shown by it can help us decide whether we want to get involved in this game further or not and that is why I am here with the Analysis.
The Above chart is of Zing token itself and there we have the data for last two weeks. If we look at the chart we get to know that the price of zing token has stayed above 0.03 Hive per 1 zing token for majority of the time. Although we have seen the price dropping from 0.077 to 0.03 hive per 1 zing token and that is approximately 50% decline in the price.
But also, for the last 12 days the price has been maintained above 0.03 hive and that is the good part of it as though the price has declined by 50% in last 14 days the price is roughly the same if we take the data for last 12 days. There was a surge in between these 12 days as well but then the price came back to near 0.03 hive per 1 zing token.
The Initial days of this coin should not be considered as that is when the token is launched and the market for it is yet to be defined. Still I am going to share the chart for last one month below in case anyone is interested.
After reading the above chart carefully we can say that the price for zing token has been above the 0.05 hive per token for most of the time before 12th of November. The initial two days was not considered as I already told that initial days are not about the token price but about how the market is going to form for that token in the coming days.
I will also like to say that with days passing by the number of users earning zing token must have increased and if even after the increase in number the price has been above the 0.03 hive per token mark, It is awesome. I am not here to tell anyone about what they want to do with their tokens but I am sharing these data so that people can take further steps with a piece information in their mind.
I am going to observe this token for next few days, maybe another week after which we will get a even clear picture of how the token is going to perform in coming months. I hope this was a informative post for everyone.
Thank You