Yesterday I shared the golem overlord in game tokens price analysis and today I am here to do the same with terracore in game token named scrap. As the token is only listed on hive-engine / tribaldex we can not get data for more than last three months and so our analysis will be for last three months. I am sharing the chart for the scrap token with Daily timeframe option from tribaldex where we will see the data for last three months below.
There was a immediate candle that pushed the price to 0.0013 in the month of February and since then we saw a downfall in price for the entire month of march after which the market started acting in the bullish pattern as you can see in the screenshot above. In this time the lowest recorded price was 0.00026 hive per 1 scrap token. Since then the price has not returned there and the range where it traded for the majority of the time is 0.0003-0.0004 hive per token.
We will now have a look at the chart with hourly time frame as that will help us analyze the price for last two weeks of time.
In the month of May that is this month itself we saw the price of scrap token pumping again and it pumped till 0.0006 which is more than twice the lowest level recorded in last three months. If someone invested in scrap at that time then the money would have been more than 2X already but that time is gone and we are here with the current situation and let us see if this is actually opportunity or not.
I personally think that one can sell at 0.00055 or above and buy back below 0.00045 as that is where the token has came many times in last three months. It can help you multiply your scrap tokens or earn some free hive tokens but remember that I am not a financial adviser and I am just sharing a analysis here and what I think can be beneficial for me and something that I might do as well but anyways, Do your own research.
Thank you
