Arcadecolony: COLONY Token Price Surges Over 40% Amid Growing Player Confidence, and My Race to 1 Million Stake.
It is quite usual that once the price of a token surges, it goes down, especially when the token supply is getting increased daily by airdrop and players are also earning the token as part of the play2earn rewards.
Interestingly, the COLOLONY token price surged again by 7.23% on top of the last week's price surge. Interestingly, the current price of token has made an overall gain of more than 40% if it is compared with its low in the current month and the current token price.
I am not sure what the exact reason for this surge is, but I can say the confidence of the current player base is high in the game's future. I am making this claim based on my personal chat with one of the game whales as per the screenshot below.
[Discord DM]
As you are already aware that I started newly in this game, so I keep buying cards at regular intervals. I do the card dealing with one of the whale player instead of the market as they beat the price offered in the game marketplace. But in the recent case, the player decided not to sale any of his inventory and keep all of it safe as he is expecting positive changes in the game ecosystem in the coming days.
Maybe same is true for COLONY token, that nobody is selling cheap and whoever is purchasing the token is pushing the price further up.
My Leaderboards prize claim.
For the recently concluded Season 25, I have earned 2782 COLONY tokens in the Orbital Leaderboards and earned 6557 COLONY tokens in the Ranked Leaderboard. It makes my overall earnings of the 9339 COLONY token. At current price, these earnings are above $3. Though it might look a little less at first glance but actually it is quite good considering my overall expenditure in this game till now is less than $100 than includes buying cards and buying SCRIPTS tokens. SCRIPT tokens are need to stake along with cards to generate the FUEL token that is required to burned to take part in the multiplayer race. Another good thing is that my asset value in the market did not depreciate, so it means I am able to recoup my initial investment without loss. Overall it is enjoyable to to take part in kart racing and I am planning to buy more cards in future to continue my Mponkarts journey.
I claimed all of my COLONY tokens and staked them as part of my 1 million COLONY stake journey.
Race to 1 MILLION COLONY stake.
So I staked all 9339 COLONY earned, and I am able to cross the 50K stake token milestone. I am still too far away from 1 million mark, but eventually I will reach there. I would like to complete this goal before the end of this year. Now new season started, so it will be interesting to see that how the staking of these tokens will be going to modify my "stake multiplier" in the rewards earned.
I hope you enjoyed the post! If you'd like to read more of my Moonkart's updates, feel free to check out the links below.
My other Publications in Moonkarts
Arcadecolony: I invite you to play MoonKarts.
Getting More COLONY in Airdrop
Arcade Colony: Steps to buy credits, and completed my purchase using credits to scoop a cheap card.
It is time to accumulate SPS,GLX and COLONY.
Moonkarts: Having a FUEL market will enhance the player activity.
Arcade colony: Passive ways to earn.
Moonkarts: Gameplay looks fantastic.
Step-by-Step Guide: How to use Market in Arcade Colony's Moonkarts.
Arcade Colony: Step by step process to generate FUEL in Moonkarts
Moonkarts: Let burn FUEL and rule the COLONY.
Arcade Colony: My thoughts on buying more SCRIPT token.
Moonkarts: Let's get the excitement of pack opening with me.
Arcade Colony: Progressing in the Game Leaderboards and witnessing market appreciation of my assets.
Need to know more?
If you like to know more about the game then you can read the official Help guide in the below link.
https://support.arcadecolony.com/hc/en-us/categories/23984105765140-Moonkarts-MK
In case you need to talk to the fellow players and like to interact with the game developers or like to further deep dive into the game, then I will say you will surely check the Game Discord
Need Support in the Game.
If help articles and hanging out in discord did not help you in resolving your query and issue then feel free to log the official Support Ticket