Welcome to week 7 of #HumpDayChartDay
First we review our Weekly Bitcoin Guessing game.
@spinvest/the-weekly-bitcoin-guessing-game-rv1ukk
This week I am guessing $26,214
Last week I was thinking Bitcoin trend would be a steeper slope downward but surprisingly there is still lots of expectation towards another bull market in the near term. We are in a period where many can get fooled. Beware of hype during a down trend.
Let's continue with the chart series.
#btc swap continue to lag market sentiments and is still showing an uptrend while btc is on a down trend. Is this from Hiver Hype?
#bee continues to be a good place to build some liquidity. I am accumulating for future project development.
#alive is continuing a sideways trend. The 0.04 level is still a challenge, the buy side has not grown and still more sellers than buyers.
#buds second week on our chart series has not changed much. The play2earn game is not very exciting for me but I will continue for at least another week to see what unfolds. I am not pleased with the game interface and response. Sometimes it works well and other times I question if it is worth my time. Plots are over priced, rent is expensive and returns on harvest are low. Not looking like a good choice for someone that seeks entertainment with the by-product being a revenue stream.
#ctp continues it's downward slope. I will continue using #ctpx to pick up some ctp tokens but that activity needs to change as it is not the most effective use of my time. I am buying for staking and delegating. In the next few weeks I will have a better idea as per the value of holding versus trading. There is no clear indication of future growth. However, there has been a change in focus from the management team so we wait and see the impact from the change in priorities.
#lolz is looking good with signs of positioning for long term growth. In the next few weeks I will be looking for a strong link between management's future direction and net impact on price trend.
#leo has pulled back a bit from all the hype from recent service deliverables. The past week confirmed my belief that a pull back would occur. Now we wait and see if the new deliverables are widely accepted with strong growth from new Hive users and not just the same users being more active.
#stem is looking too erratic and not showing to be as good of a pick as I had hoped. Likely it will be removed from our chart series and I will start to divest.
No new charts for this week.
That's another week gone and our #pept philosophy to Learn Before You Earn continues. I have not yet finalized the book value for our traffic exchange community token. For now, I will say PEPT token will be more than one Canadian dollar.
Have an awesome #HumpDayChartDay
Disclaimer: You can do what you want with this information. It has nothing to do with me telling you what you should do with your own token holding. Your holding and trading activity is your decision. The purpose of sharing these charts is to give a perspective of perceived value based on trading data and to consider if there is alignment with deliverables associated with the purpose of the token.