SIM (Play-to-earn) token market movements
The current bull trends in HIVE made lots of panic markets & bear trends in the Hive-Engine / Tribaldex token markets.
Original Source
When you refer to the SIM market price against HIVE, you can notify SIM price to fluctuate between 0.0008 - 0.0014 in recent days. 0.0014 resistance level can break with the upcoming HIVE price drop & based on the newcomers to the game.
When you look at the Volume-based SIM chart, you can see higher trading volumes of SIM in recent days. This might affect on SIM price surge in the upcoming weeks.
Original Source
SIM is a play-to-earn token. Therefore, the market can change with gamers' interest in the DCity Game & game news. Therefore, it's better to buy at Dip (0.0008 supportive level) & sell with price bounce (at the moment 0.0014 is the resistance level).
Original Source
When you refer to the SIM market price against HIVE, you can notify SIM price to fluctuate between 0.0008 - 0.0014 in recent days. 0.0014 resistance level can break with the upcoming HIVE price drop & based on the newcomers to the game.
When you look at the Volume-based SIM chart, you can see higher trading volumes of SIM in recent days. This might affect on SIM price surge in the upcoming weeks.
Original Source
SIM is a play-to-earn token. Therefore, the market can change with gamers' interest in the DCity Game & game news. Therefore, it's better to buy at Dip (0.0008 supportive level) & sell with price bounce (at the moment 0.0014 is the resistance level).
Appreciate your contribution!
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The principal difference is that dCity assets earn you Hive from the game reward pools so a spike in Hive/USD also spikes the USD value of reward pools, while most Hive-Engine tokens do not have such a tight connection to Hive and the "panic sell" was actually a rational adjustment based on USD values not spiking that hard.
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