Though much of the hype surrounding trading is focused on securities — think stocks from companies like Tesla Inc. (NASDAQ: NASDAQ:TSLA), Amazon.com Inc. (NASDAQ: NASDAQ:AMZN) or GameStop Corp . (NYSE: NYSE:GME) — another challenging but potentially lucrative market for traders to operate in is the forex market.
Forex is the global market of currencies investors trade hoping to stay ahead of the movements of each currency.
Currency values are all relative to each other. They rise and fall in relation to one another based on global macroeconomic factors and daily events around the world.
This is famously hard to predict as so many factors are at play. Some traders prefer to stick with a specific pair of currencies, attempting to predict when one will rise in value relative to the other. Take the USD-EUR pair. Both currencies represent massively complex economies affected by dizzying amounts of internal and external influences.
However, their relative values will always be moving up and down — one gaining value, the other losing. If traders can get on the right side of these movements, exchanging back and forth, they can continue to amass wealth — whatever currency they may use at home. The impossible dream of many in the space is to be able to accurately and consistently predict these movements, ensuring they always come out on top.
This may be a possibility thanks to the blockchain.
Seasonal Tokens has created an ecosystem in which the relative prices of its tokens — Summer (CRYPTO: SUMMER), Autumn (CRYPTO: AUTUMN), Winter (CRYPTO: WINTER) and Spring (CRYPTO: SPRING) — may be possible to consistently predict.
These tokens are designed to rise and fall in value cyclically relative to each other based on the mechanics the project has put in place. These mechanics influence the relative supply and demand of each.
The supply and demand is cyclically influenced by adjustments to mining difficulties and farming rewards. These adjustments are known and may allow traders to predict the rising and falling of values relative to each other.
This has seemed to play out so far — SPRING was produced at the fastest rate until this June, and the market reflected that. It was the cheapest until, in June, its rate of production was cut in half.
In the time since, it has risen in value in relation to all the other tokens, especially SUMMER, which has seen a steady drop as it is now the most-produced token.
If you are interested in learning more about the project, check out https://seasonaltokens.org/.
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