The Price of the SNAKE (SNK) Game Token Is Growing as We Approach November 30. Wait for a Dump or Buy Now?
November 29 2021 - 3:34AM
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Less than two weeks are left before the start of one of the most
anticipated blockchain games of 2021 — Cryptosnake. Now the project
already has more than 60 thousand active community members who are
waiting for the start of the game. Two whales even bought two game
NFT Artifacts for 100,000 BUSD each. The total amount of sales of
game artifacts even before the start of the game is over 500,000
BUSD. Info: Cryptosnake is a play-to-earn game with DeFi and NFT,
the first blockchain game on the BEP-1155 standard. The gameplay is
based on the nostalgic “Snake”. The release is scheduled for
November 30th. Meanwhile, the SNAKE (SNK) token continues to grow,
increasing the threshold for entering the game. The starting price
was 0.01 BUSD for 1 SNK. Then the cost of the base playable
character (the Dasypeltis snake) was $22. Now, this same character
costs about $800. The SNK token rate has grown significantly
immediately after the start of sales. The demand for in-game
currency turned out to be even higher than expected. In total, more
than 280 million tokens have been sold to date (about $95 million
at today’s rate). The listing on Coinmarketcap and the burning of
the liquidity pool were also strong shocks. Further, there are
three possible scenarios. The first (pessimistic) — the rate will
continue to grow until the publication of the audit results of
smart contracts, or until the planned release date of November 30,
but the game will not come out (or it will turn out to be worse
than many expected). This will be a disappointment for the
community and will lead to a gradual collapse of the course.
However, a pessimistic forecast is unlikely given the marketing
budget and the size of the project’s live community. In addition,
the first screenshots of the game have already appeared in the
chat. The second — the rate will continue to grow until November
30, but many holders will not be able or will not want to buy a
character at that price. According to a poll in the official
Telegram chat, only 45% of holders bought more than 500 SNK, and
only 21% — more than 5000 SNK. This can lead to a course correction
and a bounce to an acceptable price for most. And the third
scenario — the rate will continue to grow until November 30. This
is the start date of the game. On this day, doubters will see that
the game is really out and that you can really earn money in
Cryptosnake. Then there will be even more people who want to start
playing — and SNK tokens will rise in price even more. There are
always risks in new projects, but such projects allow you to earn
more. Aside from the pessimistic forecast, the optimal strategy
would be to buy SNAKE tokens as early as possible and wait. A
strong drop in the rate until the end of November is unlikely, so
we can hold. Further, on the day the game is released, we can
decide what to do next: sell tokens at the peak, or buy a character
and start the game. In case of a successful start of the game, the
second option will be more profitable, because the first players
will be able to earn more than others on staking. APR for players
joining in the first six months will range from 60% to 115%
depending on the snake type and TVL balance. Also, the APR rate can
be increased by using artifacts, but now they can only be bought on
the secondary market. You can buy a SNAKE token on PancakeSwap
paired with BUSD. More details about the project can be found on
the official Telegram or on the website. These two weeks would be
crucial for the project. In any case, it will be interesting to
watch the development of Cryptosnake. What do you think?
#Bitcoin #gameFI #Bep-1155 #CryptoGame
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