Summary
- I found older price data of some Steem-Engine token prices.
- The picture is not bad, they overperformed Steem.
- Unfortunately, the “statistical sample” is very small.
I’m collecting Steem Engine token prices data from the 7th of July, 2019, and analyzing, charting them every couple of days, ultimately. (The last one is here.). But what happened before?
Some good news
Steem-Engine is much older than six weeks, some tokens were created months before. Could token prices evolve on a positive path, or at least, perform better than their “forefather”, Steem? I fund some data posted by Chinese Steemian @m18207319997 regularly. The first ones are dating on the 22nd of May.
I gladly calculated the yield of these prices between May and August. My good news is that it is not impossible to overperform Steem, actually, these nine tokens, on average, did. Unfortunately,
Average, top, flop
The average yield of the 9 tokens was –36 percent, they lost some more than a third of its value. But Steem fell more, its yield was approximately 54 percent in negative. One token, SCT (Steemcoinpan) surged, DEC (Dark Energy Cristal) fell only 10 percent. The worst yield has WeedCash, it lost most of its value (–78 percent).
So, with the small sample, that is not a very accurate analysis, I know. But better than nothing. It is positive, it gives some hope people who are concerned about the Steem and Steem-Engine token prices. Even if some prices fall, the big picture is better than the fall of Steem.
(Click to view in higher resolution.)
Patient, but careful
Let’s say, again, that tribe-founders, leaders or developers are not necessarily responsible for the price falls. The overall sentiment with Steem and HF21, the selling pressure from the part of airdrop receivers, selling pressure from people who are only seeking short-term income… there are many factors. I know many of them are trying to stabilize the price. So maybe we should be patient (but also careful, avoid investing too much).
Is it the supply?
In the table, you see also the columns “Supply May 22” and Supply Aug. 17”. Is there a link between the supply change (sometimes also called inflation) and the price falls? Seemingly, not. SCT price could surge with growing supply, other coins fell with a stable amount of tokens. As I said the “statistical sample” is small in this case. I will try to analyze this with a broader set of tokens in the future...
I come back soon with another analysis. If you won’t see my posts because of HF 21 flag wars, for example… You will find some hint on my profile, “website” link, where to find me and my analysis. (See the picture.) I’ll never stop blogging.
Series Steem-Engine tokens reports
9. More Tribes, More Tokens, Lower Prices
8. Light At The End Of The Tunnel?
7. Are Tokens Underperforming? Introducing The SETX Index
6. Losses, Losses, And More Losses
5. How To Be Rich, Quickly!
4. A Costly Hobby For Rich People?
3. Which Was The Most Traded Coin?
2. Which Token Fell 80 Percent In A Single Day?
1. Do You Still Believe In Your Tokens?
About the data:
I’m collecting all token prices from July the 7th on, once a day, approximately at 4-5 p. m. UTC (Coordinated Universal Time). I’m not a robot or developer and I’m not always online, so some delays can happen. The data is so more estimation than an exact recording. Data on July 9 and 15 are completely missing. If somebody knows how to regain this information more precisely from the blockchain please message me.)
If you want to message me in private you can find me in various popular Discord channels (Palnet, Steemleo, Steempeak, Neoxian, dPoll, etc.)
(Cover photo: Pixabay.com)