Let us Analyze the Market for Zing Token for last one month

Two weeks back I presented a Analysis of Zing token with everyone. Now as we have two extra weeks of data with us, we can now come to a even stronger analysis of Zing token. Before I start my anaylysis let me share my old analysis post link as well as the link to the game with which this token is related to so that in case you are new to this game you can visit it and explore the game as well.

My Old Analysis of Zing Token

Official Website to Holozing Game

Let us now move on towards the analysis of Zing token. We will consider last two weeks as well as last one month for this analysis blog. Let us first look at the chart for zing token in last two weeks.

The least price so far since the launch of zing token was recorded on 4th December itself and that was close to 0.013 hive per one zing token. Currently the price is 0.0154 and that is at least higher than the lowest recorded price recently.

Well the truth is that we have seen a downtrend in the price of zing token in last 14 days with quite less stability in the price. Last two days the price has more or less been the same but 2 days are not enough to decide upon whether we will see this followed for future as well.

Note that the price has almost came half to our last analysis where we recorded and gave the point of 0.03 hive per 1 zing token. It is now at half of that price as we just saw 0.015 hive per 1 zing token.

Above again we see the price of zing token since the very beginning but I am not going to take that price into consideration. I will share the price that was recorded after and on 10th of November as we are here with a month and biweekly analysis for the zing token.

Amazingly the highest recorded price this time is 0.09 hive per 1 zing token and that is almost 4 times more than where the token is trading itself. Unlike last time the token is not forming any stability in the price. Now to be honest this will lead the people owning zing token to come in panic and sell their tokens on the market.

I think that it is really a bad decision to sell this token even before the game is launched. Anyways, the owner have the right to sell, stake, burn or do what ever they want to do with these tokens. For me I am still not going to unstake or sell any of my tokens as I want the game to launch first and then I will decide what I will do.

What are your thoughts about the downtrend followed by Zing token price? I will just say that as there is a huge amount of players involved the game is still having a lot of reasons for which the players should not sell their tokens even though the game is yet to be launch.

If you like these analysis then follow me as I will share the analysis once or twice a month with everyone here on hive blockchain.

Thank You