CTP Token to the Moon and the Dolphin Swarm Project

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(Edited)

CTP Token to the Moon and 1.png

Over time I have become committed more and more with the CTP tribe and I really like the way it is developing. Not only is there a deep sense of helping and supporting each other, there are also other mechanisms in place that are very interesting...

The price development

A couple of weeks ago I managed to buy CTP token for 0.02 Hive. Now the price on Hive-Engine is somewhere above 0.06 Hive. Which is an increase of around 300%!

Is this increase sustainable?

When I look at CTP talk, I see that almost 89% of the token is staked. Only around 11% of the token is in circulation. This means that the offer is quite limited. At the same time I see a rise in demand for several reasons:

Epic Firewall Giveaway by @elianaicgomes

With prices worth around 250$, this has generated quite a lot of demand for the token. Since the prices will be paid in CTP tokens, these have first to be earned or bought. In addition to that, these tokens have to be hold in liquid form till the end of the contest. This means that some of the liquid tokens will be blocked until August 1st. Since the people competing for the prices are quite committed to the CTP tribe, I believe that these tokens will be staked after that.

Myhivegoals pushes people to stake CTP tokens

Thanks to the challenge of @robwillmann, a lot of people started to actively set goals to reach and many are setting goals for the CTP tokens. This is increasing the demand for buying and the staking rate of the token.

Burning CTP tokens

I'm not totally sure about the modalities of it but I believe that I heard somewhere that @jongolson is using some of the proceeds of the sales on his websites to buy and burn CTP tokens. This decreases the liquidity of the token and additionally increases the demand.

Increase of awareness for the CTP token

It's interesting to see how the more and more people on Hive are getting interested in the CTP community. I've seen a post by @uyobong where he declares that he ads the ctp token into his portfolio. Then I believe that @flaxz and @bradleyarrow are doing a tremendous job with the #Iamalivechallenge. Many users of this challenge are starting to use the CTP tag in their posts. All this means that the token is starting to be spread more and more which is really positive. Probably the awareness is also encouraged by the fact that the token price is developing so nicely.

How do I see the token in the future?

When I look at all the reasons above, I believe that there are many ingredients that tend to stabilize the price of the token. I even believe that the price might develop positively even further. For me it's clear that I will try to continue to build my stake in CTP.

Even if @jongolson is trapped with a low speed internet connection at the moment, I believe that the community is doing great. The minnows are slowly but surely growing into dolphins:

The Dolphin Swarm Project Ranking (03.07.2020)

Orca

UserHP
@jongolson63'688

The Dolphin Swarm

UserHP
@ph110213'826
@iamraincrystal5'753

Candidates for the Dolphin Swarm

UserHP
@flaxz4'726
@achim034'273
@rezoanulvibes3'524
@blainjones3'249
@pixiepost3'027
@bradleyarrow1'479
@globetrottergcc1'147
@elianaicgomes1'026
@howyf2988
@russellstockley820
@r1s2g3806
@robwillmann513
@lisamgentile1961467
@rcaine440
@maddogmike410

For the Dolphin Swarm Project Ranking, I've ranked the users that regularly post on CTPtalk and that have at least 400 HP. I probably forgot some people and I'm sorry about that. Please write a comment so that I can include you into further rankings.




Let's connect on Hive, Lbry or on Publish0x

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28 comments
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Fantastic post and analysis. Look forward to reading more of these posts.

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Thanks a lot for your kind feed-back! I will try to make more of these post in the future to see how this Dolphin Swarm evolves ;-)

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Amazing feature! 🙌🙌 I'm happy to be part of such a supportive community 😉👍 happy weekend!

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Thanks a lot for stopping by! A nice week-end to you too.

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Nice evaluation and the community is united and proceeding together that chat makes it awesome. You missed in the list of Dolphin Swarm ;)

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I'm terribly sorry for not including you in the first place. I've updated the ranking ;-)

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Really great post about the CTP token and tribe Achim, and there is also one more thing that drives up the price, the #LukeIsAlive contest, I am actively buying tokens to cover part of the prize payouts, and most of the winners are also staking their tokens.

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Nice, prize increase will attract more people and further help to strengthen the community.

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Thanks a lot for this piece of information. I believe that the developement of the price is fueled by all these factors combined.

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Yeah I fully agree about that.

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Congratulations @achim03.ctp! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 400 upvotes. Your next target is to reach 500 upvotes.

You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

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I think that we are doing even better when @jongolson is around... :P
Just joking... lol...

But, I think that you have done an interesting "investigation" about the price development in the near future... After the "staking" phase, people will surely go to spend some of their tokens, and they do have places where to do it!

Thanks for sharing this interesting CTP token re-cap!



Made in Canva

@thisisawesome Moderator


This is Awesome Content, and it will be manually curated with an upvote of 65% from @thisisawesome (will be done today), and it will also be included in our Awesome Daily Curation report in category Awesome CTP Curation for more visibility.

The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem and the CTPtalk tribe by rewarding it".


Source

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I think that we are doing even better when @jongolson is around... :P

Especially when he can make his videos. They are the additional motivational fuel to grow even faster ;-)

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I just completed my 33% goal in CTP and I think should pay further more attention to CTP.

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I think the CTP token is among the ones with the biggest potential. Thanks for your comment!

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Great post even if i am not that far.

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Thanks a lot for your comment. In this community you will grow faster than anywhere else. The beginning is always difficult but little by little, things will develop faster. Just don't give up :-)

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lol dude this is awesome!!!!

thanks for the support for ctp, but the dolphin dreamin' rankings are epic!!

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The Dolphin Swarm is not that far away I believe ;-)

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What an awesome post! I love how you highlighted all of the benefits of the CTP token as well as the amazing community. Thank you for doing this. It gets me even fired up to pursue my goals and support the others!

Let's see CTP token go to the moon! 🚀 Stay blessed, my friend 💗🧚‍♂️

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Thank you very much for your kind words! Let's work together to get to our goals and to the dolphin swarm ;-)

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You're so welcome! And yes, absolutely...we got this! :) 🙌 💚

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It is posts like yours that make the community as great as it is. I am just approaching minnow status. I should make it this month. That leaves me a long way from dolphin but minnows do swim faster than red fish.

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To achieve the minnow status is actually the greatest achievment here on Hive. It can only be done with a lot of dedication and hard work. Once you are a minow, your account will start to grow quite organically. It still takes time but it gets easier in my opinion.

Thanks a lot for your comment!

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Thanks for the mention, I have it as a major goal I am shooting for the reach dolphin status. I have a long way to go but I will be putting much effort into achieving this at the same time building CTP Tokens to get over 100k staked.

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The first steps are always the most difficult on this blockchain but the way you collect CTP, you will quickly start to grow much faster with Hive as well. Thanks a lot for your comment!

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