Trend change for CTP ?
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We are lucky to have several markets for tokens like CTP. We can trade them on Leodex, Tribaldex or Hive-Enginge. These are different front-ends but in the end, it's the same market. The problem with these front-ends is that we can only get the price feed of the last two months. This makes chart analysis quite difficult for long term evolutions.
More data thanks to CTPSB
For the CTPSB project, we have been recording the data for CTP for a longer period of time. To be precise, we have a recorded a weekly price for CTP since 1.10.2020. If we look at this longer price evolution, interesting things can be seen.
Change of trend?
Together with most other crypto currencies, CTP has lost quite a lot of value since its all time high in February 2021, when it was traded at 0.35 Hive. There was a strong downwards trend first until a support was reached around 0.05 Hive. From then on, the token continued to lose value until in reached a low at 0.04 Hive about a week ago. Since then, the token seems to have found a new vigour and it's climbing slowly but steadily to reach 0.054 Hive today. If the price manages to break out of the corridor, it's possible that the price will develop positively in the near future.
Dividends paid
We have paid the dividends today to the delegators of the CTPSB project. A total of 2086 CTP tokens were distributed, which represents an APR of 15.9%
Also the token value of CTPSB is continuing to grow at a rate close to 80% APR!
Learn more about the CTP Swarm Booster:
Posted Using LeoFinance Beta
This is a very good update as regards the ctp token,as regards the fall in terms of price, this is no longer news as the crypto market right now is facing a huge hard time and I want to believed that things will fall in place while everything becomes normal again
It's indeed interesting to see that there is a certain stabilisation in price and I think this might be a basis for a reversal of trend. Thanks for stopping by!
!ENGAGE 20
Great analysis 👍
!BBH
Thanks and thanks for stopping by!
!ENGAGE 20
!BBH
Well from a point of view, I don't really think CTP has declined as much in terms of HIVE but more that it went back to normal.
Posted Using LeoFinance Beta
I kind of agree with you. Like with many other tokens there was a hype and then it when back to a fair price. I think it's good to see that there is a kind of support around 0.05 hive.
!ENGAGE 20
The trend looks promising, Achim! But then again I will continue to stake and hold as I have been doing all along. Thanks for all the hard work you do on these updates.
This is the best strategy. Accumulate, stake and not watch the prices :-). Thanks for stopping by!
!ENGAGE 20
You're welcome and Thank you, Achim! Appreciate the tokens. Have a great day!😀
Made in Canva
@lisamgentile1961
Made in Canva
@lisamgentile1961
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