It's been sometime since I shared a analysis of price for golem overlord tokens. It was sometime back when I was praising about the performance of these two tokens named Part and Shard which both belongs to Golem Overlord ecosystem from Hive games. Today when I headed over to the market on hive-engine / tribaldex then I saw something shocking. The price for both shard as well as part token saw a major decline. I am sharing the chart for shard token below so that you can see it as well.
After analysing the chart I can say that the price for shard token was not so great in March but since March the price improved and in April and in last two one week as well the price was above 0.01 hive per shard token. Now the price has started to come down again and it is testing the levels of where it was in March. I hope it is just a manipulation and whales from this game are just trying to make quick profit.
I also saw the chart of part tokens which is even more important token for this game with a burning rule and to no surprise this token was also down by more than 50%. you can see in the screenshot below.
Unlike shard, part token has performed well in last few months. These numbers we see now are new lows for this token. I saw the market orders for both these tokens and realized that even a buying of less than 100 hive can pump their price back to where it was few days back. I don't know if that will happen but I am not going to sell and wait a little more to understand why this dump actually happened and then will see if I want to sell at current price or not.
Thank you