Palcoin report #14 - Daily updates

gerber(63)
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7y

palcoinreport9.png

I add a chart that shows stake distribution among top99 accounts now and 7 days ago.
Meantime rise in the usage of the bidding system, price going down, top99 domination decreasing, amount of liquid palcoins in-game increasing.

The post is divided into 5 parts: PAL bidding system, Claimdrop, Stake allocation, Circulating supply & liquid PAL, Price. Everything will be daily updated, and we will see how it changes over time. If u have any idea for some stats, let me know :)

PAL bidding system

PAL bidding system was used 307 times in total for the total amount of 1871 PAL.
In the last 24 hours used 70 times, for 547 PAL.
Average value per day: 233 PAL

bidbot4.png

Claimdrop

In the last 24 hours, 101 accounts claimed 32K PAL. The total claimed amount is 1.22M PAL, which is 29.26% of claimdrop.

2639claimdrop7.png

Stake Allocation

From now, on top 1 is an account created to downvote spam on palnet, with 100K PAL in stake. I will include that in total stake but ignore for allocation chart.

Total staked pal: 1.51 M PAL 0.6% drop in 24 hours
Top 99 accounts: 66.12%
Top 100-200 accounts: 10,35%
Rest: 0,274 M - 23.35%

Minimal changes here in the last 24 hours, but it looks like top99 accounts domination is going down.

stakeallocation7.png

How it looks among the top 99 accounts. U can see here at positions 80-70, accounts which claimed 2500 palcoins, powered up and leaved it. At positions 18-14 u can see a few MSP mod's accounts sitting at 30k stake. Rest of the accounts powering up.

top99_4.png

To be in the top 100 u need to stake 2234 PAL, for the top 200 u need to stake 1090 PAL.

Circulating Supply & Liquid PAL

I am going to ignore token sale order as it is out of the game, for now, to calculate liquid PAL.

circulating supply: 14.66 M
token sale order: 12.610 M
staked PAL: 1.527 M - 63.1 %
Powered down PAL: 91K 3,8 %
liquid PAL: 0.8 M - 33.1 %

With every next day, there is more liquid PAL in the game.

liqmil2.png

liq6.png

That may be a very important factor for future price development

Price

Volume the same as yesterday - 3200$. The price goes down to 0.24 then bounce back to 0.36. Now it's in 0.34 -0.36 frame. I was lucky to sell some of my palcoins yesterday to buy splinterlands starter pack, and now I am discovering one of the most popular games on steem :)

The last candle on the chart means something, but I am out of the business for so long I don't remember what :)

chartcandle8.png

Is there any reason for the price to go up? Supply is rising really fast, the bidding system is not used enough to burn high amounts of palcoins, people not powering up anymore, probably just waiting for the price to go up, to sell their tokens.

*Disclaimer: I’m not a financial advisor. The content in my post only serves as information about PAL. Any information in this article is not an advice nor recommendation to either buy or sell. :) *