This article will analyze the TLM Token according to www.coinmarketcap.com data. First, we will discuss the TLM Token and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.
What is TLM Token?
Alien Worlds (TLM) is a cryptocurrency token on the blockchain of the popular virtual world game called “Alien Worlds.” The game utilizes blockchain technology and decentralized finance (DeFi) principles to create a gaming experience where players can own, trade, and play with NFTs (Non-Fungible Tokens) representing virtual land , characters , and resources .
What are the projects of TLM?
Projects of Alien Worlds (TLM) Token :
Virtual World Gaming : The main project of Alien Worlds is the virtual world game itself. Players can explore different planets , mine resources, and engage in battles. The in-game assets are represented as NFTs on the blockchain , and players can trade , buy , and sell these virtual assets .
Land Ownership : Players can own virtual land within the game. Owning land allows players to participate in the game’s governance and earn TLM token rewards from the gameplay on their land
DeFi and Staking : Alien Worlds incorporates DeFi elements, allowing players to stake their TLM tokens to earn additional rewards or participate in yield farming to enhance their gameplay experience .
Factors Influencing TLM Price
Factors Influencing Alien Worlds (TLM) Token Price :
Game Popularity : The popularity of the Alien Worlds game can directly impact the demand for the TLM token. If more players join the game and start trading, buying, and staking TLM tokens , it could increase the token’s price .
NFT Market Trends : The NFT market’s overall sentiment and trends can influence the price of Alien Worlds’ NFTs , as the game heavily relies on these assets for gameplay and trading .
Blockchain and DeFi Trends : The overall trends in the blockchain and DeFi space can also impact TLM’s price. If there’s a surge in interest or activity in blockchain-based gaming or DeFi, it could positively affect the value of the TLM token
Development Progress : Any updates , improvements , or new features introduced by the Alien Worlds development team can affect the token’s price. Positive developments that enhance the gaming experience or add new utility to the token may attract more users and investors
Market Sentiment : Like any other cryptocurrency, the price of TLM can be influenced by general market sentiment and cryptocurrency market trends .
Token Supply : The token’s supply and distribution can also play a role. If the token’s supply is limited and demand increases , it could drive up the price .
It’s essential to remember that cryptocurrency markets are highly speculative and volatile. Therefore, investing in any cryptocurrency , including TLM , carries significant risk , and it’s crucial to conduct thorough research and understand the associated risks before making any investment decisions. For the most up-to-date information on Alien Worlds (TLM) and its projects , I recommend checking official sources and the latest news in the cryptocurrency space.
TLM TOKEN TECHNICAL ANALYSIS
After seeing its historical high of $ 64.900 in March 2021, TLM dropped 96.75% by the end of 2022, down to $ 2.11. Although it went up to $ 4.434 with the purchases in the market in February 2023, it is currently trading at $ 2.150. According to www.coinmarketcap.com data, TLM has a size of $41,485,478 and a volume of $4,535,308 in the last twenty-four hours .
TLM Token Chart Analysis
After seeing $5,9500 in April 2021, the TLM token entered a downtrend, falling to $0.0118 by the end of 2022, losing 99.80% of its value. TLM, which started to rise at the beginning of 2023, rose to $ 0.0295 in February but could not maintain this rise and fell again and is currently trading at $ 0.0114. When we examine the weekly chart, the TLM token is trading below the opening price of 2023, so TLM, which I look at negatively, should go above the opening price of 2023 to start an upward trend again. A new bottom may come if it cannot make a weekly close above $0.0118.
This article does not certain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.
