I think it's time to buy ZING tokens. Since November 05 last year, I have been unstaking 2,000 ZING every month. In total, I have sold 11,600 ZING and earned 113.64 HIVE. The previous 500 ZING I sold was on 12 May for 0.0063 SWAP.HIVE costs a total of 3.19 SWAP. HIVE. Since then, the price of ZING has continued to decline and currently, the total market capital of the project is 65.77k USD. The last time I checked on 18 May, it reached 84.86k USD.
Last 29 May, the total circulation supply of the token was 55.73 million, and 41.82 million of it was staked. The token price decreased to 0.0033 SWAP.HIVE is on the bid side. The liquidity pool has 11.29 million and the wallets have 2.62 million. The ZING token in the wallets gives the selling pressure resulting in a continuous decline in the token's price.
Despite the continued price drop of ZING, the whales of the community are still waiting and holding large volumes of tokens until the actual launch of this project.
If you notice in the list of top contributors, the leader is @vcelier who holds 3.4 million plus ZING followed by @acidyo with 2.5 M plus. The eleventh is @ocd who has 1.2 million plus. That means this game is only suitable for long-term holders.
At the current price of ZING which is 0.0038 SWAP.HIVE, I decided to start accumulating this token instead of selling it. No one can say the exact floor price of the token and it may even drop in the coming days. Suppose the price analysis in the stock market is applicable here in crypto, in that case, typically, buyers wait for a 40-day consolidation period before entering especially if there is an indication of a change in trend. So far, we have not seen this change in trend. It's too early to say it's time to buy ZING.
Sorry for the daily chart is not available. Even on the hourly chart, we can see only 7 candlesticks. If this chart is accurate, that means only 7 hours are covered. So, if you are still waiting for the floor price before entering or adding a token, count for another 6 weeks to see if the price of the token will stabilize or continue to decrease.
Considering all of this, including the market's unpredictability, no one can say the exact bottom of ZING's price. It's time to add ZING tokens; I bought 2,000 ZING earlier for 0.00404. The total HIVE I earned after seven months was 105.57 after I deducted the 8.07 SWAP.HIVE I used to buy 2,000 ZING tokens. Right now, my staked token reaches 20,000 plus and I am 177th on the list of top contributors. I am thinking of adding more in the coming days and weeks.
I think oras na para bumili ng ZING token. Since 05 November last year, I have been unstaking 2,000 ZING every month. Sa kabuuan, ako ay nakapagbenta na ng 11,600 ZING at kumita ng 113.64 HIVE. Ang huling 50 ZING na binenta ko ay noong 12 May sa halagang 0.0063 SWAP.HIVE. Bale inabot ito ng total 3.19 SWAP. HIVE. Since then, patuloy ang pagbaba ng price ng ZING at sa kasalukuyan ang total market ng project ay 65.77k USD. The last time I checked noong 18 May, ito ay umabot pa sa 84.86k USD.
Last 29 May, ang total circulation supply ng token ay 55.73 million at 41.82 million nito ay naka stake. Bumaba ang rice ng token sa 0.0033 SWAP.HIVE sa bid side. Ang liquidity pool ay may 11.29 million at ang nasa wallets naman ay nasa 2.62 million. Ang ZING token sa wallets ang nagbibigay ng selling pressure sa patuloy na pagbaba ng price ng token.
Sa kabila ng patuloy na pagbaba ng price ng ZING, ang mga whales ng community ay nananatili pa rin ang kanilang paghihintay at paghawak sa malaking volumes ng token hanggang sa actual launching ng project na ito.
Kung inyong mapapansin sa listahan ng top contributors, ang nangunguna ay si @vcelier na may hawak na 3.4 million plus ZING at sinusundan ni @acidyo na may 2.5 M plus. Ang pang labing-isa ay si @ocd na may hawak na 1.2 million plus. Ibig sabihin ang game na ito ay pangmatagalan.
Sa kasalukuyan price ng ZING na nagkakahala ng 0.0038 SWAP.HIVE, I decided that instead of selling, I will start accumulating this token. Totoo na walang makapagsasabi ng exact floor price ng token at maaari pa itong bumaba sa mga darating na araw. Kung applicable man ang price analysis sa stock market dito sa crypto, typically, ang mga buyers ay naghihintay ng 40 days na consolidation period bago pumasok lalo na kung may indikasyon ng pagbabago ng trend. Sa ngayon, hindi pa natin nakikita ang pagbabagong ito sa trend. Napakaaga pa para masabi na oras na para bumili ng ZING.
Sorry at hindi available ang daily chart. Kahit sa hourly chart, ating makikita na meron pa lamang 7 candlesticks. Kung accurate ang chart na ito, ibig sabihin 7 hours lang ang covered niyan. So kung naghihintay pa kayo ng floor price bago pumasok o magdagdag ng token, bibilang pa ng 6 weeks para makita kung mag stabilize na ba o patuloy pa ring bababa ang price ng token.
Considering all of this kasama na ang unpredictability ng market, walang makapagsasabi ng tiyak na patutunguhan ng price ng ZING. Para sa akin, oras na para magdagdag ng ZING token at ako ay bumili ng 2,000 ZING kanina sa halagang 0.00404. So ang total ng HIVE na kinita ko ay nasa 105.57 pagkatapos ko itong bawasan ng 8.07 SWAP.HIVE. Sa ngayon ay umaabot sa 20,000 plus ang staked token ko at ako ay pang 177 sa listahan ng top contributors. Iniisip ko na magdagdag pa sa mga darating na mga araw at mga linggo.
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