Here I will tell you a little bit about my view of the current #WNCG price situation. Whoever knows what that is, feel free to skip to the introductory paragraph.
WNCG & Nine Chronicles?
For those who don't know what WNCG is: it's a token from the Nine Chronicles game, which is different from most GameFi growing out of all the cracks today. Here's how it's different
- The game offers not only a whitepaper and IDO, but the game is playable right now! The number of players is limited by the developers, but new players will be available soon due to the start of the arena season.
- The game is a true free2play from the start. You don't have to buy any eggs or NFT boxes. Download, get access, play. You can play without paying a penny.
- The game is beautiful. Imagine, beautiful #p2e! The figures are nice!
Behind the game is an experienced team and good investors (Ubisoft, hashed - early investors in Axie)
The game is autoplay, the task of the player is to create clothes with good parameters. The higher the level, the better clothes can be created and sold on the game market. And the money can be withdrawn to exchanges (sushiswap, OKEx, gate.io).
If you want to play, you need a Twitter account. Then click on this link (my referral is there, when you reach level 20, we both get some game coins).
Next will be the hardest part - getting an access code. The developers aren't giving them out at the moment, but they promised to give them out when the arena season starts, and it starts today.
So reload the page several times a day.
Finally, about the money.
#WNCG, as I see the situation now:
- It's been almost 20 hours since the bridge opened.
- The market added 10m coins (+22%).
- The main drop in price was when the first 3m appeared. Perhaps the main role in the fall played not sellers, but short positions.
- The coin found the first support at the level of 1.20, where it was held for about 10 hours. It is a good sign.
- From the support at 1.20, it made a swing high at 1.288, which is a good sign.
- Next, support was broken and the price fell below $1, which is a bad sign.
- The price rebounded above $1 and is determining the further direction
- Interested in the levels of 0.925, 1.17 and 1.205
- Technically, indicators suggest a slight increase in price in the next few hours.
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Important - you can withdraw a maximum of 0.1m coins from the game per day. That is, the game whales will not be able to manipulate the price.
- UPDATE!!! Daily maximum withdrawal has been set to 5,000 NCG (temporarily)
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In-game coin price 10 days before the opening of the bridge has stabilized at around $1. It makes no sense for players to sell cheaper. Those who wanted to sell have already sold.
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Today the new arena season opens and, according to the developers, there will be new access codes
To avoid making panicky decisions, have a plan for different scenarios. What will you do if the price drops to, say, 70 cents? Hodl? Buy more? Sell?
Feel free to revisit the plan. But you should always have a few hours between the decision and the action. This is a defense against emotional decisions.
I wish everyone good trades, investments and games!