Terracore Scrap Token Market Analysis in last 10 days

The scrap token is the in game token for terracore that user earns while playing the game. In today's blog i will share the data from last 10 days i.e we will do an analysis of the scrap token over the period of last ten days so stay with me in this blog in case you are interest in finding out about the market performance od scrap token. I am sharing this to show how scrap has been maintaining itself in a particular price range but will it be able to continue trading in this area ? Lets find out !

From the above chart we get to know that scrap price came below 0.006 for the first time on 15th august 2023 and since then it has maintained itself between 0.005-0.006 though trading mostly near to 0.005 in last four to five days. Now there is something that is good about this performance and to know that we will have to see the performace between 9-15 August.

From 9th August to 15th August the fall was heart breaking. From 0.01 to 0.005 and that is half the price where scrap was trading so in just six days we saw scrap coming half it's original price.

We see a line at 0.005 that was not crossed in the last 10 days and that is really good for the players involved with this game but will the token be able to manage and keep itself above the resistance of 0.005 ? Well that is a big question for which the answer for me is sadly a big No.

The selling pressure is quite high compared to the buying pressure and that's why i think the price won't hold where it is currently holding itself. There are few new players joining the game while there are already so many big players ready to sell everyday but i am still shocked with this price performance.

I did not expected scrap token to hold itself here specially as i said after the selling pressure on it. Is there a page where we can see how many new players joined the game recently ? I would like to know that as that will help us know the exact reason of this stabe range in the price of scrap token.

Anyways, enjoy this time and play this game as long as it gives you the reason to play it. We might see players leaving this game in near future just because of the price performance of the token. People will stop playing if the token goes down further, maybe terracore team should think of doing something about it if they really want to save this game for the future.

I will now stop writing and catch you all up in my next blog, stay tunes and write what you feel like about this blog in the comment section below.

Thank You