Hello everyone, Happy Thursday to you. I visit the hive-engine quite often to check the price of glx because this is the token that is dropped more than others. There are several reasons behind it and we have talked about it many times in my previous posts. This is quite disappointing in the short term. I am not worried because I have a long-term goal but we have to talk about it so that we keep inspiring ourselves.

It is obvious that the cryptocurrency market is going in the wrong direction and the main reason behind it is the exchange collapse. I am expecting some positive news for the crypto market. I am raising funds to increase the glx token staking because this is the time to hit the sixer. I am raising funds by withdrawing from different types of applications where I have earned some money. Jump.trade is one of them and I am going to withdraw $100 from that platform.

I have purchased jump.trade nfts in $21 and now it is worth $209 I already sold some of them but still $100 NFTs is remaining so now it is time to sell them and invest that amount in the glx. Many users feel that they want to get out of the glx because the price hitting low because they investing from the beginning so because of this specific reason it is not easy to tolerate this but they have to think with a long-term perspective.

Let's say you have bought tokens at 0.05 and now it is below 1 cent so if you sell your all tokens then you are losing an extra 4x here. You don't need to do that because keeping patience is toleratable but if you lose your money then you will regret your whole life. It is better to wait for more. Now come to the main question which is where is the bottom?

Where is the bottom?

No one can answer this question perfectly but we can speculate. Let's say there will be more bad news in the crypto market then we will see another blood bath and this will badly affect the price of glx as well because crypto will harm the hive price and because of the hive price dump we will see more dumps in the glx price as well. You can't say that glx is completely independent and not a part of the crypto economy.

You also can't expect a solid upside move in the glx but there will be little relief if the market starts moving up. Why we can't expect a good move in the glx because there is no game and no update. We need more things on the genesis league platform which will increase the transactions and use cases of the token. It will increase the demand for the glx token. Just based on the staking use case, we can't expect a solid move because this is not a potato coin. There are lots of pump-and-dump coins where whales do this which is similar to gambling. Do you think that glx is that type of coin? Obviously not because this token runs on the use cases.

So ya we can see little relief if the market starts moving up but if you are expecting a big jump then this is not possible now. Instead of finding a bottom price keep this in your mind. This is a kind of fundamental analysis that you need to keep in mind. So I hope you found this post helpful. If you agree with me then just share and reblog this post. I will meet you in my next vlog with another great topic.

Have a good day

Lucky Ali

Image source

○__________________○____________________○

👇
		Hi I am lucky ali from gujarat, india. I am crypto enthusiast, blogger and SEO developer. I always interested to learn new things and getting new experience. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥

Posted Using LeoFinance Alpha