Welcome back,
It's been almost a week since i wrote something here. It was because i was busy with some house work and also there was a festival so i had to give time to my family.
In today's blog we will analyze the market of scrap token. Scrap is the in game rewarding token for the game we know as Terracore.
Let us first look at the present chart of scrap token.
Now seeing the chart for scrap token, anyone can easily identify the downfall of this token since may end that is followed until now that is july 2023. To understand whether this is a opportunity or a sign to stay away from the project, let us try to understand the downfall of this token.
Sell vs Buy Orders
Terracore has lived for quite sometime now and that is why the downfall is expected. The game is well known to people among hive but still it lacks the global recognisation. The investors are not always here to stay and so we see more sell orders getting excuted compared to the buy orders.
There comes a point when people start to take some money back because at the end of the day that is the motive of every investor (To make profit).
I still think that the game is capable if we consider it for long run. We must understand that good things take time and we should not always think of taking things from a project. Sometimes we have to give our time and money to a project in order to enjoy good returns.
Terracore is a long term game
There is a point in every successful game where the market of the in game token get almost stable or when the market starts following bitcoin and other crypto currencies. This means we see upsurge as well as downtrend in the token.
Take example of dec token, the splinterland is producing the token every battle as that is the rewarding token for the game. Still the dec token manages to stay in safe zone where people are not afraid of it getting dumped.
There are people who are happy with current situation of dec token and you will find people who are complaining about it because of the price.
Build yourself in the game you are playing and there will come a day when even the market fluctuation will not bother you.
Conclusion
If you are starting playing any game and thinking to gain profits in initial days then you will fail miserable. These play to earn are long term thing and one must stay with the project throughout to have a happy moment in future.
Yes, do research about the people working on that game and also see if the game is getting regular updates or not. If a game is recieving regular updates it means the team is working on it to make it better with each day.
Rest it all needs patience, so practice that and then only you will find yourself satisfied. Atleast in the end you will be satisfied.
Thank You
Posted Using LeoFinance Alpha
Yes the $SCRAP token has declined considerably in the last few months. The problem is that it's so easy to earn SCRAP in the game, especially for the biggest investors into Terracore (whales). Some ideas to help @terracore with their Token Price :
@enginewitty anything to add?
Anyway those are a few suggestions of mine. Happy 4th of July!
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