![palcoinreport9.png](https://files.steempeak.com/file/steempeak/gerber/acJ7tUKv-palcoinreport9.png)

I remember few months ago i checked steem-engine, and total volume there was very low, like few hundreds $. Now single tokens are traded with volume above 1000$. Interesting how tokenization on steem accelerate.

Price of palcoins spike up to **0.3**, then drop to **0.14**. There was very strong support on that level, and from that moment price is slowly raising. Buyers are preparing to fight over **0.2 resistance level**. We can expect price raising every day now. Volume increased to **3300$**.

support levels: **0.014**, 0.09
resistance levels: **0.2**, 0.3

And released just now, redeeming pal for upvotes:
https://www.palnet.io/minnowsupport/@minnowsupport/introducing-the-minnowsupport-tokenized-bid-system-for-community-upvotes

I just tested it on that post, 1 pal vote is worth **0.12 $**, price of palcoin now is at **0.076$**. I wonder if i will use more palcoins for a vote, average worth of vote per 1 pal will raise. I will try it tomorrow.

Incoming:
- decimals bit longer, maybe weeks

![24h chart 2.png](https://files.steempeak.com/file/steempeak/gerber/5bFZzTbi-24h20chart202.png)


If u know nothing about about palnet and palcoins read this post:
https://steemit.com/palnet/@juliakponsford/palnet-the-dazed-and-confused-user-guide


**Contest #5 - results** :

Looks like our average prediction is very close to the actual price. U can also win throwing random numbers, but reading text above will help u win for sure :)

number of entries: 11
average predicted price: 0.20
lowest predicted price: 0.069
highest predicted price: 0.77

**actual price: 0.18**

Winners:
> @axeman - 0.3 steem - with 0.2 pick
@florino - 0.25 steem - with 0.15 pick
@blog-beginner - 0.20 steem - with 0.124 pick
@guruvaj 0.05 steem + 0,5 PLKN - lucky random one
0.02 steem for next 10 best picks: all of the rest

Contest costs: **2.376**
To be clear from the beginning when that number reach 3 i will just stop making contests

**Contest #6 [ OPEN ]**

Predict palcoin price!

Nothing required...
How much palcoin will be worth after 24h? Just guess the price in steem. **Simply pick a number between 0.001 and 0.999** and put that in comment. Would be nice if u tag someone to try it too :)

U have 17 hours to entry contest, till 12AM UTC. I will check the price randomly between 7PM and 8PM UTC.

Prizes:
0.2 steem best pick
0.10 steem second best pick
0.05 steem third best pick
0.01 steem for next 15 best picks
0.5 PLKN for the lucky one sponsored by @plankton.token
0.5 steem total, 18 people wins

In case of 2 or more people picking same number, time is main factor deciding who wins. 

**Good luck!**