Over 70K GLX staked and more to come
My quest for 100K GLX staked got a major boost as I added a bit over 8K GLX to my collection and got to 70K staked. I am moving at a much faster pace than I expected and I am quite pleased by the situation.
At the end of the day, the goal is to reach 100K GLX staked as soon as possible. Considering how fast the staking APR is dropping, getting to my target as fast as possible will enable me to earn more from staking.
My target was to reach 100K before the APR reaches 100% and if I continue at my current pace, I'm certainly going to reach. At 100K, I'll be farming a lot more GLX and boost my standing in the community.
Increasing my GLX collection also ensures that I'll benefit more from future price actions. Who doesn't love s good old fashion pump and take profit?
When I reach 100K GLX, I'll start keeping my staking reward liquid, as that's where I'll be taking any sort of profit from, in the near and distant future. If all goes according to plan, I'll have at least 100K staked for months and years to come, ensuring that I have decent standing in the community.
Naturally, if I see an opportunity to add more tokens to my collection, I'll definitely be jumping at it. A sudden hive pump, for example, could give me the necessary ammunition.
GLX dip and profit
I have been buying small amounts of GLX over the past couple of weeks at an average price of around 1.5 cents. So, at the time of writing, it is fair to say that I'm not in the green zone.
For what it's worth, I'm not actually bothered by the tiny moves in recent times. Moving at a fraction of 1 cent isn't really something to be worried about if you ask me.
I honestly consider every price below 10 cents to be in the dip zone and act accordingly. As long as I have spare cash, I'll be buying GLX tokens and staking into my wallet.
Today,the recent 8K GLX I added to my collection, for example, was at 1.5 cents per token and I reckon that's a good zone to invest. If you're looking in from the outside but looking to dive into the pool at some point, you should seriously consider the current price range.
Now, we know that these seemingly insignificant price variations(between 1cent and 2 cent) can amount to more when investing a lot of money. I don't think it will matter in the medium to long term because there will be some serious movement when the game launches and more products are introduced into the ecosystem.
Posted Using LeoFinance Beta
Curated and voted 100% by Selection of the best articles about Games and eSports in Hive
Enjoy the profit. :)
I'm already on the way to 80K. Made a small purchase.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
Very nice I should have picked up more myself when it was around that 0.013-0.014 range. Looks like price is maybe slowly falling again which might make it a good buying option again. 100k staked was my goal as well but at these prices I might consider moving towards that 500k to 1 million mark like with SPS.
Posted Using LeoFinance Beta
I wish I could cross 100k but I'm way to broke to do that. Even the 100K that I'm targeting is putting a strain on me.
How many do you have staked now?