NFT: Alien Worlds (TLM) Fundamental & Technical Analysis
This is the second newsletter in the NFT coin series! Written by Gaurav and myself, you will find an FA & TA analysis.
Summary
Introduction
Fundamental Analysis
2.1 Token Metrics
2.2 Partners
2.3 Few Key Notes
2.4 ConclusionTechnical Analysis
3.1 Global View
3.2 Fibonacci Levels
3.3 Daily Range
3.4 Weekly Plan
3.4.1 First scenario
3.4.2 Second scenario
3.5 BTC PairOverall
Bonus
Introduction
What is TML Alien Worlds?
Alien Worlds is an NFT DeFi Metaverse where people compete and collaborate to earn Trilium (TLM). Trilium (TLM) is the currency which governs the universe which consists of 7 planets. Not giving away much about the game as we are here to discuss the fundamentals, players can acquire in-game NFTs which can be used to mine TLM, engage in battle, and complete game quests. Players can also elect the councillors of the seven Planets DAO and influence the direction of the game, so if you feel in a dictator mood for the week, Alien World is the game for you.
Now let's talk about the functionality of Alien Worlds and what gets its ticking as that it counts in a dictionary of an investor. TLM can be used for
Planet DAO Governance: To participate in the planet governance, which takes place weekly.
Mining Opportunity: Using different NFTs in the game players can mine TLM from a different planet.
Staking Rewards: Players can stake their TLM on different planets in the Metaverse to generate yield or NFT mining.
Trade NFTs: Players can trade their earned NFTs on Binance Smart Chain and Wax.
Cross-Chain Bridge: You can port TLM on Ethereum, BSC and WAX.
Fundamental Analysis
Token metrics
If we talk about token allocation with the current circulating supply, it looks something like this:
But the picture changes with the maximum current circulating supply:
But token will be released gradually till 2024.
If you look at the above pie chart you can see that the highest tokens distribution lies with the participation rewards which are great in terms of players earning TLM but can also lead to continuous sell press from the players who have the earned TLM through mining and minting NFT.
Partners
Few Key Notes
The big price drop from the token was caused due to the Binance listing as it caused the initial price hike and then many holders taking profits. We have seen this again and again with many tokens so this should not cast a doubt on the performance of the project.
The popularity of the tokens would completely depend upon the number of users who come on the platform and for this team will have to work hard on marketing the token and incentivising the new players.
We can’t ignore the maximum supply of the token. If we have learned anything in crypto is that a rare asset is a valuable asset, but it needs to have strong fundamentals.
The team has to work on the burn of the token as the Alien Worlds meta worse expands to more and more users.
Well the good news is that the team would implement a burning target of 50% to 60% as TLM fee to Landowners which would be implemented in Phase 3 and Phase 4.
Conclusion
TLM is an interesting project but still have a long way to go. The interesting thing to see would be how the team markets the project and onboards new users on their platform. If we can see new features in the metaverse and with a high burn rate of the token, things can kick up.
Gaurav Tripathi ⎜@CryptoTripathi
Reminder
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Technical Analysis
Global View
It’s a flip! Last dip on TLM confirmed the flip of the previous resistance in support imo. While I’m writing theses lines, this H12 candle is still open (2h30 left) but I’m confident. Furthermore, if TLM is able to close this candle at this level, that’s mean RSI is also back above 50. That’s good.
Fibonacci Levels
Last h’ candle printed a breakout of the 0.236 fib level at $0.3333. Now, TLM tries to hold it as support and if this support holds, I think TLM can go for the 50% retracement at $0.36.
Daily Range
For more than a month and half, TLM is in a range between $0.3743 and $0.2618. This consolidation phase could bring us a giga pump (or giga dump if we break down but tbh, with this market and NFT momentum, I don’t think it’ll happen).
Also, as you can see EMA 100 (D) act as support for more than a week in this range. After five red candles in a row, today, TLM start the day in green with a potential new local bottom after the flip i talked above.
Weekly Plan
Yes, with the breakout of the fib level, there is also a breakout of the diagonal resistance. Is not confirmed yet as the next H4 candle just started but if the retest is successful, I really think TLM is ready for big green candle.
First scenario:
Breakout confirmed and retested
Next leg up to 0.5 fib at $0.36
Consolidation at this level followed by a range breakout (next is parabolic mode)
Second scenario:
Fake breakout and next H4 close below diagonal resistance
Bearish retest and further correction toward previous low at $0.3082
Bounce back and breakout with first scenario attempt again
BTC Pair
What a big pennant! TLM is in this bullish pennant for more than four month. Last daily candle hold near the pennant’s support and it looks like we’re going to retest the daily EMA 100 who’s acting as strong resistance.
Indeed, four previous attempts have failed with fairly violent rejections. Looking at the chart, the next breakout attempt of the EMA 100 also seems to be on a level close to a breakout of the bull pennant current.
Overall,
TLM is a hyped project right now and one of the best around.
Let's be honest, it' s playing with the patience of many of us but it will pay off in the end. Currently in a consolidation phase, I'm pretty confident that the next breakout attempt will lead us into a parabolic session where FOMO will push the price over $1.
Also, I would like to thank Gaurav again for helping me to complete this analysis with the fundamental part.
Anthony ⎜@AnthoXBT
Bonus
More great things are coming! We will be shooting a video/interview with Gaurav in the coming weeks which you can find on his Think BIG YouTube channel.
Also, stay tuned as four more NFT newsletters are coming in the next few days. Thanks for reading and supporting us!
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