We are all
waiting for the first STO but what is the chance of a “buy the rumor, sell the
news” event?
I would say
it’s quite high, allot of expectations were built up in November and December
and many new holders came in. I see a chance of few new SLT holders stepping in
for the STO, Smartlands might already have set up the underwriters SLT accounts
and the retail investors already have their holdings. If there is a lack of immediate
increase in price there is a risk of drop in price in disappointment.
But I think
the STO will create a buzz in the crypto and investment world and this will attract
new SLT holders, first the traders and later the HODLers. So, it might be a
question of time frames, even if the price drops initially it’s overall very positive
with the STO.
Last, some
words about why I’m doing this.
By detail studying
SLT, I hope to find a way to value crypto tokens and understand the price movements.
I think there is a chance crypto will play a role as an investment in the near future
(within 5 years?) and somewhere there is a new Microsoft starting up right now.
By increasing my knowledge, I will have a better chance to find them when looking
around at other projects.
And
of course, I like the Smartlands project and I think they will succeed.
Total new assets holders per week
Large wallet analyzes
Index calculated as weekly wallet change quantity divided over unchanged quantity, e.g. this week change (New 20.000 + Buy more 69.913 + Sold parts 18.747+ sold all 74.121) divided by Unchanged 6.144.236 = 2,74%.
Top 10 wallets & key individual wallet changes
- No movements in the top 10 this week, first top ranked wallet with movement on rank 24, adding 7,6k ending up with 20k
- The 20k SLT movements continues, this week a 40k was sold out but two wallets added 20k.
- Largest seller (beside the -40k above) was the sell out from rank 57 & 58, -11k in both ending up with 0.
- Largest buy was 20,2k, adding to the one-week old wallet containing 4k.
Changes in large wallets from December 10 to January 28
Price and volume analyze
Upper and
lower bounders calculated as 95% probability to be within this range, based on
the standard deviation for the period. Current standard deviation 0,34 (last week
0,32). Actual trend indicates that price is dropping $0,024 per day.
Graph below
shows the 30 day trend value since September, trend above 0 indicates higher
trend, below decreasing price trend.
SLT velocity calculated as Weekly trading volume/average weekly SLT price (to express the trading volume in SLTs) * 52 (to annualize the volume) divided by Total SLT and Non HODL quantity.
SLT velocity calculated as Weekly trading volume/average weekly SLT price (to express the trading volume in SLTs) * 52 (to annualize the volume) divided by Total SLT and Non HODL quantity.
Data
sources:
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