It's been a long time since I shared an analysis related to terracore scrap token which is the in-game token for terracore. It has been a lot of time since I even watched the market for that token as I hardly sell them but today I just head over to the tribaldex portal to see how scrap was performing so let us talk about that in this blog to see why new comers are at a huge risk on joining in the game at this moment.
On 29th February that is almost two weeks back the price of scrap token was 0.00085 and on there just three days later the price came near to that point again but as you can see clearly that after that we saw a continuous downfall for the token such that by 13th March which is today we are almost 50% down in price for this token.
I also checked the data for last few months and this was something which made me write this blog today. You can see the chart for last 3 months below,
In December the price was above 0.0016 and that means it took three months to have this impact on scrap pricing. Also it also means that scrap token has seen a 50% downfall from this price already when it was trading at 0.0008 at tribaldex. If this patterns continues to follow then in near future we will see the price coming down to 0.0002 and that is why new comers who are willing to join this game should learn about this very well.
It's bull run, hive will go up with time but these tokens might not do the same and rather people might sell their tokens for hive for more returns. That is simple mathematics for anyone who wants to make more profit in the bull run. Do you think it is good to join the game at this point? I think that the early adopters are good to go with the game even at this moment but for new comers, I think they can see for a different game for them.
Thank you