👉 Disclaimer: I am not a financial adviser and contents in this blog should not be taken as financial advise. These are purely for educational and informational purposes.I just want to give my thoughts and insights using simple technical analysis and also as part of my weekly article for splinterlands social media challenge
Forecasting and Analysis
My day job involves analyzing, forecasting and interpreting data, while what i've done for this articles uses only the simplest of methods (simple linear regression) I wanted to get that general feel on current trends and price movements.
Dark Energy Crystal
OK, so before we get any reactions, and before we celebrate the predicted DEC price, let me again reinstate that this graph only uses trends it can pick up from the past 90 days. DEC price, same with all other crypto prices, would fluctuate and continue to be volatile. what this graphs gives us is a though, very positive outlook where DEC would quadruple in value in the months to come. More realistically, i expect this to happen around the second half of next year, there will be strong market influences which would affect dec price like the upcoming legion packs, the new reward cards as well as future patches. All in all i could see this happening but when it will happen is a lot bigger question.
Splintershards
Again, everyone can chill for a moment, let me start by saying that this is not a very strong forecast, 1. this governance token has only been in the market for less than 3 months and 2. it's utility hasn't really been realized and is not in effect yet. However, what this graph shows us, is that (and if you're in it for the long run) the next days or weeks can be good for getting a long position. while the sps token remains low it's definitely a good time to buy. I strongly believe that this token has the highest upside potential and, If i am to invest some money, this is the token i would definitely be looking into. I will be cost averaging by buying small portions like every 3 days or so. Plus i wouldn't be surprised once this token suddenly goes up in value. Splinter shards is expected to play a huge role in upcoming releases.
HIVE
Chances are if you are cash out and sell off your dark energy crystals, it will have to be converted to hive first. The graph shows us a strong positive outlook for this token, the upward trend is most useful as it provides stability and counter acts effects for example if DEC value goes down. Inversely, it is true that if Hive Value goes down, it can cancel out positive increase in value of DEC. Hive is one of the most useful tokens not only for splinterlands but within the hive network as well. It's multiple uses gives it a lot of value, and will continue to do so for the months and years to come.
HIVE Dollars (HBD)
Hive dollar or HBD is another tradeable cryptocurrency in the hive network, this can be converted to Hive which you can then sell to the market, or use it to convert to hive and then to hive power to increase influence in the blogging community. I expect it's value to just continue laterally, neither going up or down significantly. It's a bit more stable as historical data has shown and it's good to keep this tokens as projected hive token value will increase
I have a cash out strategy where you won't need to time markets and relieve yourself from stresses of speculation and market volatility. You can check it out here:
https://hive.blog/hive-13323/@beerbod/cashing-out-earnings-in-splinterlands-and-hive
Play splinterlands and use my code below for my referral link.
https://splinterlands.com?ref=beerbod
Thanks for reading, you can leave any comments or feedback on the comments section below. Feel free to add suggestions and recommendations. I also welcome healthy discussions so don't hesitate to contradict anything i've written here
Thanks for sharing! - @alokkumar121
I find your predictions flawed as DEC has a soft-pegged value at 0.001, 1k DEC = $1 is what the network always aims for. At the moment the network prints more DEC in rewards to compensate. Sure, there are many users soaking up DEC for the SPS airdrop, but I can't agree on the linear upwards trend.
HBD going up from the peg at $1 is a failure, and should not be considered a good prediction...
Thanks. Thats some valuable and very realistic insights. The 1k dec to 1$ peg i havent heard of yet but if that would be the case then its linear upward trend is definitely skewed and only influenced by the drastic increase in players.
Maybe his prediction is good, and the Hive Dollars (HBD) will indeed go up to $1.52 USD, but it should not. The Hive Dollars (HBD) is (or at least supposed to be) a stablecoin.
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The Hive Dollars (HBD) should not go to $1.52 USD. It should stay close to $1 USD. It is (supposed to be) a stablecoin.
This is similar to my assumption. I read an article that hbd is a representation of the dollar.