Market Fears: Is There Hope In Crypto?

Gone is the euphoria of earlier this year. 

Bitcoin BTC/USD over $40,000 and Ethereum ETH/USD over $3,000 seem like faint memories. BTC and ETH are now trading at less than half those values, and there does not seem to be a turnaround in sight.

This has largely been fueled by macro forces much larger than the crypto market itself. Inflation has been hammering American homes, and to fight this, the Federal Reserve has continued to raise interest rates higher and higher. Recession looms. And this is to say nothing of the instability abroad and political unrest here at home. All this makes for weary investors.

Much of the previous bull cycle was spurred by billions of dollars flowing in from institutional investors. Much of this money is now out of the market, sitting on the sidelines as dry powder waiting to be deployed when things eventually turn around. Retail investors have also left in droves. 

For those who remain, it can be hard to identify the right projects and the right tokens to back. It would not be unreasonable for the market to slide much further down before it makes a real turnaround.

The project Seasonal Tokens may provide an answer for some traders. The project is an ecosystem of four interconnected tokens — Summer SUMMER/USD, Autumn AUTUMN/USD, Winter WINTER/USD and Spring SPRING/USD — that are designed to rise and fall in value in relation to one another. The project may provide an opportunity for traders to somewhat reliably predict when to move their tokens around, always coming out on top within the ecosystem.

Predictability can be a salve in a turbulent market. The ability to watch your portfolio grow, at least in the number of tokens, can be a respite in a broader downward slump.

And it seems as though the project has delivered, at least thus far, on its promise. The SPRING token was the cheapest earlier this year. A SUMMER token, for instance, was worth about 1.2 SPRING tokens. The mining difficulty was adjusted for each of the tokens and over the course of the next few months, SPRING rose in value relative to SUMMER. Today, a SPRING is worth about 1.5 SUMMER tokens. 

A trader could have started with one SUMMER token, trading it for SPRING and back for SUMMER after each predictable move, and today would have 1.8 SUMMER tokens, an 80% increase.

If you are interested in learning more about the project, check out https://seasonaltokens.org/.

Featured photo by Ishant Mishra on Unsplash

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