Steem-Engine Tokens Report 6: Losses, Losses, And More Losses

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Summary

  • Steem declined another ten percent in one week, 44 percent in a month.
  • Many Steem-Engine tokens fell even more.
  • I added six tokens more to the report.
  • No turning point in sight, but curating is funny.

SteemEngine Tokens Report 6 1.jpg
(Click to view in higher resolution.)

Since my last Steem-Engine (SE) token price report things got far worse: USD/Steem declined further. Many SE-tokens, even more. I broadened my research by six new tokens mostly recommended by readers. (But didn’t include joke coins.)

70-90 percent price falls

In a month, from 7. July to 8. August, Steem fell 44 percent in USD terms. Popular SE-tokens like PAL, LEO, NEOXAG or CCC fell 69, 67, 77 and 71 percent, respectively. The average fall of the 25 tokens in this research was 51 percent in a month.

SteemEngine Tokens Report 6 2.jpg
(Click to view in higher resolution.)

Many people are happy with these tokens, their tribes, and are counting the high rewards they provide. Some tokens can gift you various percent of weekly return, only for curating, what can be hundreds of percent in a year. (Per annum.) But this is all futile if the price of the token doesn’t recover, falls more than what you earned.

We can hope that all this is only a symptom of the STEEM price fall, of the altcoin-struggle, the effect of the free tokens (airdrops). And later, with the upcoming new altcoin hype, all will change, an uptrend will begin. I don’t know really, don’t ask me if and when this happens. But I wish so be it.

Some thoughts about arts

For the meantime, I think, curating is fun. I’m not an artist and I only share some photos sometimes, but I like to view photos, paintings of others. If they are indeed nice. Sincerely, it is now and then hard to find ten truly nice ones a day on CreativeCoin.xyz.

SteemEngine Tokens Report 6 3.jpg
(Click to view in higher resolution.)

But I have also the satisfaction that maybe, someday, some novices I support could become valuable artists. (No flowers from the garden, no ugly insects from the woods, no more common pets, please.)

Self-hate speech

I know you hate me now for this sad information so I make the hate speech myself, to help you. Old kings, rulers had sometimes killed couriers who brought bad news. I am only a messenger, not the cause of the news. It hurts me too, I have various hundred dollars invested in these coins. Maybe that’s why I also cry so much.

SteemEngine Tokens Report 6 4.jpg
(Click to view in higher resolution.)

Series Steem-Engine tokens reports

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.)



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5 comments
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A hundred million of nothing is still nothing. An empire of dirt is still dirt.

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This should be a haiku.

Cg

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WARNING: IF YOU REPLY TO THIS ACCOUNT YOU WILL BE FLAGGED, YOUR REP HARMED AND ALL OF YOUR REWARDS REMOVED. DO NOT ENGAGE WITH THE TRASH. YOU HAVE BEEN WARNED

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With the massive airdrop most community did its obvious that the price will face south, but hopefully when the price of steem recover some tokens will recoverwhile other dump harder.

Posted using Partiko Android

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