GLX is in the 1 cent below club again

I'm not sure if the state of GLX token is a result of the general crypto market or just a reaction to the launch of the game but it looks like the token is trading below 1 cent again. This is a trading zone that I never thought we'd see again after the soft launch of the game but it looks like I was wrong.

I want to avoid making sweeping assumptions without any verification and with internet reception so bad at my Parents', it's hard to do any proper research. However, I can at least, look at the raw data without drawing any inference.

So, like I said at the beginning, the price of GLX tokens has dropped significantly from 1.1 cents to 0.8 cent. Trading at only a fraction of 1 cent is far from ideal but at the same time, it means there's still an opportunity to get your paws on some cheap tokens.

At the time of writing, the staking APR is still around 74% and if I'm not mistaken, the closest asset offering anything remotely close to this value is HBD savings that offers 20% APR. Obviously, with HBD there's less risk of volatility influencing the price, making it a much safer asset but also an asset with a lower chance of a pump.

Up and above

Genesis League Goals hasn't hit the highs I hoped it would but I won't say it's a hopeless situation. For me, the fact that the token reacted positively to the minor relief in the wider crypto market is a sign of good things to come.

I believe there's a minor pump or two on the horizon, so we could actually see GLX token picking up pace in the coming weeks. The question is how high will the token go as I continue to pray for the day that it reaches 10 cents.

On the flip side, I also worry about the fact that it doesn't seem like the soft launch had much of an impact on the price of the token. I have to add that it is harder to gauge the impact that the launch had on GLX token because it took place at about the same time that there was relief in the crypto market.

Again, just looking at the numbers on the surface, it doesn't seem like the pump was due to the soft launch because the minor pump to 1.1 cent range was similar to the pumps in most other Hive second layer tokens.

I don't think the soft launch and main launch will carry the same weight since the game will now be open to the general public and an aggressive marketing campaign will take place. However, I fear that if the soft launch is anything to go by, the full launch may not have the dramatic effect that I've been hoping for.

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