Serious Buy Pressure on STARBITS. Why? I have a hint.

avatar

A little over two weeks ago, I was talking about Rising Star and news about its explosive growth on the short term from the dev.

Today I went over to TribalDex to do my daily tasks and noticed STARBITS was up 100% in the last 24 hours, down from over 250% at the high.

Ok, I said to myself, that happens on Hive-Engine tokens, liquidity is not so high.

At the same time, STARBITS is one of the more liquid tokens on Hive-Engine. So that doesn't happen regularly with STARBITS.

Let's take a look at the candlestick chart for STARBITS for the last 30 days:

image.png

Looks like someone big might have accumulated for a while, but grew impatient starting yesterday. We will see what's the most likely reason for that.

At the time of writing there is still a buy wall of over 4mil STARBITS at 0.0003 HIVE / STARBITS.

Here's how the buying pressure looks like, in-depth:

image.png

And today's volume, by comparison with the rest of the month:

image.png

So why does this happen, you wonder? Here's your hint:

image.png

Looks like new Rising Star set of cards are coming soon, from the message above from discord... That means new unique cards to add to your collection, as opposed to doubles, if you already have a lot of cards, which top players do.

This is a two-way opportunity, in my opinion. Those who want to sell some STARBITS can catch a great price pump. Those who want to load up on STARBITS to buy packs when they'll be added, are also happy to pay extra, to remain or become competitive in the game.

Personally I sold a bit. I won't get the new cards right out of the gate and I found the price enticing. Plus, there's always time to get the new cards later on. At least I hope so, I don't have a ton of experience with Rising Star on the long term.

Posted Using LeoFinance Beta

risingstar buy-pressure new-cards play2earn oneup ctp proofofbrain vyb hive-engine cent archon leofinance
0
0
0.000
14 comments
avatar

This is a great news. I have been constantly and slowly investing into @risingstargame I have seen steady development from the developers. Although I'm not expecting anything on the level of @splinterlands I am still very bullish and ready to HODL and even buy more into the game. I honestly love how the developers kept building and ading new things during the last bear market. Overall there is a very good community too.
!PIZZA

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

One of my regrets is that I joined kind of late, even though I knew about the game from the start. Didn't think it was for me, but fortunately, I believe it is for anyone who is consistent and it's mostly passive. So, I don't know much about how the game was early on, but I'm glad I finally joined and started to build up my account.

0
0
0.000
Reply
avatar

The game was very bare bones at the time. It was basically Standard Missions, Special Missions (some of them) and Music Lessons from what I could remember. I joined after few months from launch thanks to some giveaways from @battlegames.
!PIZZA

0
0
0.000
Reply
avatar
(Edited)

PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
vimukthi tipped gadrian (x1)
@steem82868(7/10) tipped @gadrian (x1)

Join us in Discord!

0
0
0.000
Reply
avatar

Have a !PIZZA

0
0
0.000
Reply
avatar

Thanks! I don't have one to share as well... They are in diesel pools...

0
0
0.000
Reply
avatar

That is really interesting. Depending on the cards they could rise in price. All though I find card values fall a bit in price a few days after release, and some skyrocket. Hope you made a great profit :-D P.S. I found your article in ListNerds :-D

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I'm at the first new packs release on Rising Star as far as I remember, so I don't know the dynamics. But what you said seems reasonable.

0
0
0.000
Reply
avatar

I saw that price jump as well and was wondering what was going on. I own some of the token just because its a game on HIVE, but I know basically nothing about the game. I may have to look into it a little if they're coming out with a new round of packs.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Yep, that would be a good timing to join, I believe. I own quite a bit of STARBITS, because there is a requirement to have 1mil of them liquid to be able to play a certain mission.

0
0
0.000
Reply
avatar

This is great information to know. Thanks for sharing. Good luck in the game. Take care.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

You're welcome! And thanks, I'm still behind in the rankings, since I started late. But with consistency, on the long term, I believe I can catch up at least top 100.

0
0
0.000
Reply