Sunflower Land's main token is called Flower, and is widely used within the game to buy VIP, Resources, SFTs and much more. For a long time the token traded around $0.08 in a very stable manner, until it began to gradually fall to 7 cents in the last few days and then reached close to $0.06 cents.
With the price of the main crypto, Bitcoin trading at around $60k, which is half the all-time high it reached, users begin to have uncertainty regarding the projects. The worst of all is not even because it fell all at once like what happened in the past with BTC, it had the impact of October and since then it has been falling constantly and now with this rise and fall of $60K no one knows for sure if it will fight for this resistance and rise again or if it will fall even more and seek new resistance.
Amid this uncertainty, it is very likely that what has happened with the Flower token is that players who had the token accumulated or in liquidity ended up selling the tokens for fear of falling even further. Furthermore, since there were already many NFTs in the game, they may end up getting rid of some at this time to avoid a greater impact on the token's even worse decline.
Understanding the reasons that affect the price and how liquidity and token flow is behaving is essential to get a sense of where the game is going.
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Sunflower Land Token's Price
Regarding the price of Flower, there is both a point that can contribute to the idea of the token rising again and another that contributes to the issue of the token falling. First about the token rising again, we have a history that the token for a long period traded at around $0.08 and even reached values much higher than that.
We are currently at a minimum value of the token, while development continues, with Ascension coming in the next season which could generate a demand for resources to level up islands and levels and consequently for the token. Additionally, Project II, a new game from the Sunflower team is in development and I believe it will also use the flower token. Additionally, some mini-games are being created within the Sunflower ecosystem also using the game token. I still need to check out these mini-games more closely, but they look interesting.
Now regarding the token drop, I was watching a recent video of a player talking about the token and he gave a very relevant insight to the topic. He recalled that before the Flower token existed the SFL, which was converted into Flower. When we look at the SFl tokens we can notice that it is well below Flower currently, that is, making a logical leap, we could expect Flower to one day reach a value close to what SFL was previously.
It's something to consider, but it's worth remembering that it's a new token, with a different tokenomics and there are currently other possible demands for the token coming, such as Project II, mini-games and Ascension updates.
Sunflower Land Token's Liquidity (Dashboard)
Within Sunflower Land itself, going to the marketplace, you will see an option written "FLOWER DASHBOARD". When you click, you will be redirected to a page with a lot of information about the token and the flow of Flower in Sunflower.
The first information we can observe is that even at the low of the token, players spent 7d, an amount above $2.3M, I think considering the sales of resources and NFTs within the game. The most incredible thing is that the movement of this value came from 18861 players. A curious detail that other web3 games tend to complain about is the difficulty in connecting players to web3, crypto, etc., but if you look in the last 7 days there was an entry of more than 1M flower tokens I think and of that value 74.55 went into the game.
Another detail that many games have difficulty finding is a sustainable system for the team to continue working, note that in the last 7 days the team has earned more than 158 thousand flower tokens, which is worth more than $10k dollars in fees alone. There are not many devs, which is another mistake of other projects hiring several employees without having the sustainable income to maintain the project. This already shows that marketfee is a great strategy, depending only on making a game and products that are in demand.
Finally, we have liquidity which is around 260k in the token's liquidity pools. Most of this liquidity is in the Flower pool with USDC on Uniswap on the base network if I'm not mistaken, with a current TVL of 244 thousand dollars, half in flower and half in USDC, which gives a very significant input and output capacity for a web3 project. One detail is that the pool rewards around 3% APR.
Come and discover Sunflower Lands!
Sunflower Lands is a blockchain-style farming game where players can plant crops, raise animals, and much more. The unique feature is that the game's token is a cryptocurrency, and the items are NFTs (Network Tokens) that provide buffs or serve as cosmetics.
If you're looking for a more casual NFT game, without so much pressure, but still maintaining the use of blockchain technology with NFTs and Tokens, check out Sunflower Lands at the link! (referral)
