Seasonal Tokens Weekly Price Analysis

By Heater

The token prices fell over the course of the last week, following the broader crypto market lower. All four prices rose over the course of the previous week, reaching highs on Monday and then retreating as the week came to an end. Winter reached a high of 1.58 cents on Monday and then fell back to close the week at a low of 1.15 cents. Summer’s price peaked at 1.07 cents and declined to .74 cents over the following days. Spring and Autumn have closely tracked each other, with Spring ending the week at .98 cents, and Autumn at .96 cents.

Summer has consolidated its position as the cheapest of the four tokens, with the price staying significantly below the other three. There are signs that Spring is continuing to rise in price in comparison to the other tokens as the market adjusts to the lower rate of supply caused by the halving in June. Spring has stayed above Autumn for the entire week, while Autumn was more expensive than Spring two weeks ago.

The rise of Spring appears to be occurring in stages, with Spring tracking Summer’s price during July, and tracking Autumn’s price this month. This could be an indication that psychological factors are playing an important role in the process of price discovery, with the other token prices acting as benchmarks or psychological barriers for traders and miners trying to estimate a fair price for Spring.

Over the next few months, the upwards pressure on the price of Spring can be expected to continue, as Spring is now produced at the slowest rate of the four tokens. At some point in the coming weeks and months, Spring may separate from Autumn and begin to track the price of Winter, continuing the pattern observed so far.