In this post we will take a look at Zing token - "BIG Z" and try to determine "real" price for it.
Before we dive into tokenomics, market cap and other shenanigans, let us think about undetermined factors.
- Game is in pre-alpha stage, that means we cannot really know future demand!
- Investors vs gamers (it goes for every project - but we cannot be sure who is here for quick return vs who is here for the game).
- Crypto is volatile. We may be in for another bullrun or ... bears are not asleep yet.
But what do we know?
- Current price is around 0,034$ or 0,095 Hive. (5.11.2023).
- Current marketcap is 340,270$. (Note: actual marketcap may be around 105.000$ according to: https://holozing.com/rewards)
- There is already big discrepancy in buy/sell orders, which is reasonable due to small amount of liquidity + people speculating on both sides.
- In one year we can expect around 110 million tokens to be distributed.
- Top 20 wallets (excluding zingtoken adress) are in process of unstaking ZING, which means their ZING will become liquid in 28 days (1/4 of total amount every 7 days).
- They are either trying to sell their ZING while prices are still hot or they just wanna be ready for whatever and are willing to stake it again.
What can we expect?
- Market cap will (at least in short-term) drop a little.
- It should stay lower than both of Splinterlands main tokens (dec, sps) for a foreseeable future (under 2,8 millions).
- It could stay higher than part and scrap (both are Hive native games).
- It is not impossible for ZING to outperform even WOO (stay higher based on marketcap) in a long run since both projects are in similar stages. Also keep in mind that WOO token supply is and will stay a lot higher.
Conclusion!
I would expect ZING token to drop in price significantly as more and more tokens are getting distributed and unstaked. On the other hand even staked tokens will start to soak more and more staking rewards - lowering APR for staking and impacting price even further.
Even with that in mind I can see ZING marketcap reaching/staying anywhere from 100.000$ to 1 million $, which would ultimately mean ZING price in 6-12 months (assuming around 100-110 millions of ZING are in circulation) being something in between 0,001$ - 0,01$.
Personally, I would be happy with that price, since I know I can keep staking till then. 😌😜
But what about you? Feel free to share your strategy in comments!
BTW! There are currently multiple options to earn sweet sweet ZING!
Check them out for ourselves at https://holozing.com/rewards and get exciteeeeeeeeeed!
Yours truly, yours creepily - creeptor
genial hermano. yo no tenia idea de lo que comentabas gracias por alumbrarme, si sabia que debía bajar pero bueno no hasta dónde para completar tu post estoy subiendo uno de como pueden ganar o comprar el tokeen los que deseen. ya que me han llegado preguntas de este tema de usuarios interesados.
!hueso
Yeah, I have seen many projects follow same pattern ... Which does not mean price wont start to climb again once game is live ;)
!hueso
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I like your honest analysis of ZING. Every game I have joined in on early seems to go the same. We HODL until the end of the airdrop in hopes that the value is worth the time holding. Over the past few months I have taken a different approach. Staking is becoming less and less attracting to me as a HODL method. I like accumulating tokens but do not like having to wait 4 weeks to release them all. I am taking the LP approach so that I can hopefully accumulate more tokens in the long run but also if I need to sell i can easily exit my position. Good luck to everyone.