What a crazy wild week in crypto and I guess the world. This week we had the USA presidential election of which Trump won and things seriously are not only going to get wild on the crypto front but across the board. Personally I feel like it's a lot but it's much over due.
Price action on $HIVE
While the price of hive has climbed from $0.16 to $0.20 it's nothing to get excited about I don't think. The price of hive was $0.20 back in October 20th just 21 days ago and one year ago it was $0.38 showing us clearly that hive has not been doing well in terms of the price action. If hive some how manages to ever get back to $0.50 a token and hold there for a while I'll consider that very bullish for hive at this point. It's just not doing well for a number of reasons.
Goals
$HIVE
Goal: 250,000 Current: 120,683
Week over week we added in a massive 634 hive that was powered up or just a little over 90 hive per day. That's almost on target for where I want to be which is 100 hive a day. What's crazy is at these prices that isn't even that much 100 hive a day is only $20 daily at these prices and that's locked up funds I can't touch.
I'm also going to start building liquid hive funds in preparation of a rally of the token just in case. I rather be prepared for it than not.
I personally think we need to get HBD interest down to 7% right now and focus on hive itself. Will that happen? Most likely not because now that interest rate is so high that it's looked at negatively and a reason not to vote those witnesses lol It' a seriously flawed system as that APR should not be something witnesses set.
$HBD
HBD again is not a priority for me at all instead it's just slowly building for the time being but at these rates it's never really going to amount of anything noticeable. For now it just continues to grow and at times I'll dump it into Hive. Which sure is causing high inflation numbers and people are saying don't do it. But guess what big players are and they are stacking some mind blowing hive at the moment which is crazy.
$LEO
Goal: 150,000 Current: 149,210
Week over week I powered up a nice amount of LEO of 361. That seems to be the going rate for me lately there which is a under performance compared to before.
At this rate that's putting me a little over two more weeks until I hit my goal. However I'm going to focus towards brining in some affiliates again and cashing in on that as I should pop a solid 300 or so leo with just one more active affiliate which will put me well on target.
Splinterlands
I've been doing pretty good at stacking on Splinterlands as of late. More lands are online but the current bottleneck is I simply refuse to rent out my SPS for lower than a 2 which it's been a 1 across the board lol Because of that I really haven't been building any DEC which as slowed my progress in terms of getting more lands online. Maybe I suck it up and just rent it out? but it legit hardly adds up to anything.
All I know is that there's certain things I want in place by years end or very early 2025 before I even think about taking profits again. I want to be in a solid spot rolling forward on this game again.
I think a important factor that plays into all of this though is we have clearly been in a bull run and are now headed into what should be at least a massive 2 years bull run for crypto. If hive continues to under perform like this it might be time to write it off as a lost project. Time will tell though for now we just continue to stack and hope that the ones with most of the hive power start making some better choices in voting and decisions. I hold what I feel is a decent amount of hive so please understand the things that I say are directed towards increasing the value of hive over time.
Posted Using InLeo Alpha
