August 05, 2021: PRV Token Weekly Recap

The observable price stabilization is a sign of recovery!

PRV closes the week at $3.74 (Aug-05, 00:01), and we’re starting to see some stabilization!

If you’ve been following the PRV Weekly Token Recap [1] [2] you would know how PRV is courageously fighting the bearish weeks. The whole PRVArmy holds their breath as they huddle and hodl for every dip and minor bumps encountered on the way.

But hey, all storms pass and we could definitely tell you that the sun is about to break!

Still some jitters, but the dips are not that deep

The most recent steepest price dip recorded was in a span of 2 hours last Friday; $6.02 to $5.05. A day after that, PRV again dropped to $4.33 wherein it maintained status quo until Monday, at approximately +- 1.91% deviation.

In fact, for about three days, even if the price is decreasing, there are no sharp dips recorded. It would seem that the community is biding their time, hibernating, and keeping their cool in the bearish season.

We would also like to think that our announcement of power utilities lined up, started to work its magic. This includes the release of Early-Access PrivacyCards, collaborations with YouTube crypto gurus, and of course, the long-awaited PrivacyGames set to launch anytime now!

On Wednesday (0:05), the PRV price finally closed at exactly $4.00 and dropped again a little over $3.71 12 hours after. From there, up to Thursday 0:05, there had been no recorded significant dip and the price had been deviating to about +- 1.07%.

So although there is still an observable decrease, it is one which is steady and not drastic. The PRV Token’s price, as we can say, is starting to stabilize.

This might be what you were just waiting for!

As many of our PRVeterans know, in the world of trading, a basic investment strategy can be phrased as “buying the dips”.

However, despite the name, this does not necessarily mean to go all in while an asset’s price is going down, it means average in as it goes down and/or buy after it settles.

Now we suppose this is what’s happening.

Could the stabilization of PRV be the sign of its recovery? Most possibly. For the past years, a cryptos’s lull in wild swings for consecutive days can be taken as a tentative sign that the fragile digital currency is beginning to recover.

With PRV’s 5-day volatility falling back to 19.2% from a high of nearly 66% last week, we are hopeful to say that we are nearing the end of this challenging season!

Here’s what we advise you to do

Hodl, hodl, hodl! If you are not yet doing it. Or as the community would love to call it, be one of those with diamond hands.

But if you are one of the PRVArmy vanguards, always ready and courageous to charge into battle, now is the best time to buy!

By investing at a point wherein PRV stabilizes, you are playing on the safer side, so to speak. You stand to see higher earnings when the price bounces back (which we guarantee!) from the ground and finally shoots to the moon!

Cheers to a community where everybody’s doing their part!

We can’t thank the PRVArmy enough for their never ending support of the PrivacySwap defi project. In just a couple of months, we already have our fair share of ups and downs. And we believe that those just made the community stronger than ever!

With the upcoming deployment of the first installation of PrivacyGames, Hack The Vault would definitely create an impact on the PRV dynamics. This game is expected to increase the numbers of users who love to earn while playing.

Fun, strategic, and high-rewarding, Hack The Vault is not for the faint of hearts!

We are confident that the next days hereon would be full of milestones on our roadmap and rewards to be given back to the community.

After all, you are the very thing that keeps us going!

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
PrivacySwap

PrivacySwap

677 Followers

Be a part of PrivacySwap, be a part of a better DeFi.