In this post, I am going to share some Hive Engine Layer 2 tokens that have made significant moves lately, especially over the past month as well. Unsurprisingly, these tokens have caught my attention because I have been involved and have been following the projects for quite some time.
Of course, I do hold some of them at the moment, and for those who are curious, I believe the figures in my Hive wallet are public information. I do trade them occasionally as I strike a balance between my exposure to these Hive Engine Layer 2 tokens and my personal Hive Power as well.
Before I start, I should always reiterate that this is not financial advice. This is just my personal viewpoint and one should ALWAYS do your own due diligence for anything you want to put your money in.
SBT: +77% in the past 3 months
| Price | 29 Jul | 27 Oct | % Change |
|---|---|---|---|
| Close/Last Price | 0.00002617 | 0.00004631 | +77% |
SBT stands from Splinterlands Battle Token and it's run by @itzninjafool. You can refer to my latest monthly update about SBT over here. The past 3 months have seen an amazing 77% increase in price of SBT, thanks to the improvement of weekly drips, partnerships with PEPE and a chill yet supportive community on Discord. Of course, there is always a risk for every token or project. For SBT, in my view, the key risk would be key man risk. It's mainly run and supported by one person, and members would know, there was a halt in the project for some time as things happened in real life and other commitments took priority (and understandably and rightfully so).
THGAMING: 44% in the past 3 months
| Price | 29 Jul | 27 Oct | % Change |
|---|---|---|---|
| Close/Last Price | 0.000225 | 0.000325 | +44% |
I realised I haven't really talked about this project on Hive formally even though I have been following this project for a short while. It's run by @jim-crypto and so far my short exposure has been pretty positive. I enjoyed tuning to the weekly shows that they do at PIMP Discord as well as analysis of price actions in the Discord. It's very educational and I am always keen to level up and improve on my financial knowledge. Through THGAMING, I also got to try out Neon Strike, which you could read about it over here. As for the risk of THGAMING, once again in my view, is that I am not fully sure of the underlying assets that back the price of the token, so it's hard to pin a "reasonable" value of the token. That said, I think the team is knowledgeable, and one testament to this is that they have gone through crypto winter and are still around.
LEN: +17% in the past 3 months
| Price | 29 Jul | 27 Oct | % Change |
|---|---|---|---|
| Close/Last Price | 0.12399 | 0.14520 | +17% |
The LEN token is the token that is either mined by holding LENM or by delegating HP to @liotes.voter. These two concepts should be familiar to most people on Hive and there are many projects which employ similar strategies too. But I think this project stood out because of the people behind, which are @achim03 and @ph1102. Their consistency week in week out, to run this project, even when they were on vacations, just amazes me. There might be projects out there with better whitepapers or more ambitious targets, but what's more important is the ability to execute and implement to turn these ideas into reality, and Liotes has been able to do so over the years, and the price of LEN reflects that. If I had to highlight a risk of LEN, it would be the price volatility and the lack of utility, as holders of LEN are more likely to sell this curation reward token.
ZING: +77% in the past 3 months
| Price | 29 Jul | 27 Oct | % Change |
|---|---|---|---|
| Close/Last Price | 0.00298746 | 0.00529980 | +77% |
I was supposed to share 3 tokens, but I just couldn't resist to include ZING because the price movement in the past week has been quite crazy. In case you are wondering what happened, they have launched their Alpha Vials, and at time of writing, they have sold 640 Alpha Vials that are priced at 20 HBD (over 8 days so far). You can read more about it in the latest post here. That said, the price of ZING has been quite depressed for most of the year as the hype died down after the initial launch of ZING about one year ago. And for ZING, the obvious risk would be the execution of the HoloZing game and whether the game will live up to everyone's (high) expectations. Another risk would be the supply of ZING tokens, because the airdrops are very fluid and are often adjusted with each development.
And that's it for the list of Layer 2 tokens that have done well recently! It's the first time I am writing something like this, and other than this being a sharing, it made me reflected on why I am holding these tokens and my impression of the respective projects. Of course, just like my disclaimer at the start the post, this is NOT financial advice, price appreciation is NOT guaranteed and token prices can be EXTREMELY VOLATILE too, which I think most readers would understand as well.
Feel free to share with me if there's anything on your radar too, as we are all here to learn!
Thanks for the shout out. The $THGAMING Token has certainly been growing well this year, up 45% in 2024. To answer your question about underlying assets, the Guild account @thgaming owns about $2000 in $HIVE, Layer 2 Tokens and Gaming NFTs. Our strength (value) is also derived from our Community (Hive and Discord), Liquidity Pools, Smart Contracts, Partnerships with like minded Hive Tribes / Games and the fact that we've been Tokenized since February 2022 but are still going strong.
The current Marketcap of $THGAMING is $4115.
Have a great day, and see you at the next @tokenpimp meeting!
Ah thanks for dropping by! Thanks for sharing this info! Have a great day too!
Thanks for the mention of @Liotes and thanks for sharing other tokens that did well in these circumstances when many tokens are going south!! It looks like LEN has the lowest APR for the last 3 months, but it has steadily grown in the long run. Liotes is a get-slow-rich scheme... 😃
It's always nice to check out these kinds of posts in a year or two... That's why it's a great idea to create them, to keep yourself (and others accountable)!
I have picked this post on behalf of the @OurPick project! Check out our Reading Suggestions Posts!
Please consider voting for our Liotes HIVE Witness. Thank you!
Hahaha! It's the first time I hear someone say get slow rich scheme! Indeed it's slow and steady. Agree that it's very common for Layer 2 tokens to fade over time, and I just happened to realise these tokens in my wallet have been doing well recently! Each project has its strengths and weaknesses so the numbers are just meant for reference and not meant to rank which token is better than which (prices are volatile anyway).
Yeah I should take note to check back in the future hehe! Great suggestion!
Thanks for the pick! Appreciate it as always!
All the good stuff.
!PIZZA
!LUV
!LOLZ
@relf87, @vaynard86(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
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Pretty soon he would be bacon.
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@relf87, I sent you an $LOLZ on behalf of vaynard86
(2/10)
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Hehe! Thanks!
Nice share.
!PIZZA
!LUV
!LOLZ
@relf87, @houhou(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
lolztoken.com
Life is pointless.
Credit: reddit
@relf87, I sent you an $LOLZ on behalf of houhou
(3/10)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ
Thanks!
!LOLZ
lolztoken.com
And the son says, “dad, can’t you use a sponge?”
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@relf87, I sent you an $LOLZ on behalf of bossingclint
(3/6)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ
Thanks!
!PIZZA
Nice gif there! Thanks for dropping by!
🍷 Cheers!
$PIZZA slices delivered:
@sgt-dan(1/10) tipped @relf87
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🍕 Thank you @relf87 for the pizza! 🍕