HoloZing is one of my favorite projects in the Hive ecosystem, and I'd want to discuss it on a weekly basis. I plan to publish a post once a week with brief facts and updates on this project, and I will try to discuss the major updates.
Discussions from the previous week, as well as certain reward changes and price analyses of the Zing token, will be provided weekly.
A week ago, I wrote about its reward structure and alpha Vials. How can you check the reward structure? What is the current Zing price, and how can you acquire Alpha Vials, and what is the cost? All of this information can be found in my earlier post from a week ago.
Now, in this post, I'll address some holo concepts that I learned from @acidyo post, as well as give a market analysis of the Zing token and project the expected price.
We are all aware that HoloZing was introduced three years ago, and at the time, the project faced numerous challenges. They saw significant growth, but they also encountered numerous challenges. Without a doubt, this project experienced numerous problems due to limited resources and time.
Certainly, they may have financial difficulties, but the team managed it superbly and made steady progress in this respect. Without a doubt, the role of the community, people, and users is critical to the success of any project. This project benefited greatly from community support and crowdfunding.
I recall three years ago, when the project was launched, everyone was talking about it and excited to see a good card battle game in the newly introduced Hive ecosystem. The project was entirely supported by community crowdfunding, and no private investments were accepted at the time.
This is a great thing to observe in any initiative that is backed by a community instead a group of individuals.
I thank the #HoloZing team members because they have learned about the need of finance diversification, which was implemented to ensure project stability throughout the financial crisis.
We can see how Bitcoin reached a high of 49,000 and how the holozing token struggled at the time, but diversification helped them stabilize their project.
It is clear that they have future ambitions in this regard. They aim to improve this initiative even further, and they will undoubtedly want the assistance of community members as well as crowdfunding.
They hope to provide more options for crowdfunding on multiple chains and platforms to inform a bigger audience, resulting in a higher volume in Zing token trading as well.
They have yet to bring the game into the hive ecosystem, but they are working hard to do it as soon as possible. They're looking for new leadership. Efforts are always being made to locate an expert with expertise in game development, blockchain, and community management to help run the project more successfully.
Those with good talents in game development, blockchain, and other project skills are welcome to join the project and can contact the team.
This is a summary update on the project.
Now let's talk about the Zing token price. What is the present pricing, and how far is it going? The current market price of zing is 0.0013 USD, with a market capitalization of 147.3K USD.
The circulation supply is 117.54 million, which is quite good, and during this bull run, the low market capitalization will rise significantly.
The total stacked zing is 104.18 million, which is a massive sum right now.
If I talk about zing staking reward APR, if you have stacked your zing, you will receive a 14% APR.
Similarly, if you have staked HP, you will receive 15.97% APR. This APR has increased from the previous week, as detailed in my previous post.
Similarly, consider the liquidity pool. If you contribute liquidity in the zing:swap.hive pool, you will be rewarded with 47.48% APR.
Let us now analyze the price analysis of the Zing token, which I gathered from Hive Engine. As of today, the price is around 0.004, and we are seeing four to five massive increases in the price, taking it to 0.02 according to the one-hour time frame.
This suggests that someone is stockpiling Zing tokens, as shown in the chart, and if you look at the daily time frame, you will notice a single large spike that pushes the price up to 0.02.
During this bull run, several altcoins, including hive, will undoubtedly rise and I predict zing token to do the same. I hope you will find this content informative.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
