Seasonal Tokens Weekly Price Analysis
By Heater
Two weeks after the Spring halving, the token prices have returned to their natural order, with Spring briefly trading above Summer on Sunday and Tuesday, and Summer reaching parity with Autumn on Friday and Saturday. The prices declined throughout the week, as falling Ethereum prices brought the entire token economy lower. Apart from a bout of heavy buying of all four tokens on Sunday, and a rally in Summer and Autumn on Thursday, the tokens have followed the broader market downwards, with fallout from the Terra/Luna and Celsius failures dragging every crypto price lower as investors seek to protect themselves from exposure to further losses.
Spring dropped 0.4 cents over the week, to end Saturday at a low of 0.86 cents, while Summer fell by the same amount, starting the week at 1.33 cents and ending at 0.95 cents. Autumn has shown support at the one-penny mark, falling from 1.37 to 1.06 cents over the course of the week. Winter rose to a high of 1.88 cents from its starting price of 1.73 cents, before falling back to 1.14 cents as the week unfolded.
Volatility was highest on Sunday and Thursday, with the prices mostly moving sideways or drifting lower midweek and at the start of the weekend. The prices have converged over the two weeks since the Spring halving, as cyclical traders have pushed the prices closer together by trading other tokens for Spring.
It’s been only a few weeks since the halving occurred, and the economic consequences have yet to play out. Despite that, the effect of traders anticipating the coming economic changes is already visible, with Spring regularly exceeding the price of Summer, and Winter clearly remaining the most expensive token. Traders are likely to exchange other tokens for a greater number of Spring tokens while they still can.
Spring tokens are still the most plentiful of the four, but in the coming months, Summer tokens will become more plentiful than Spring, as well as being more expensive to produce. The price charts will be interesting to watch during this time as the relative scarcity and the cost of production both exert their effects on the relative prices, while traders look for opportunities to get the best deals.
