Ah tis the season of when no work gets done lol. But seriously for about 2-3 weeks in December everything comes to a halt in terms of people taking off devs etc and well there's never much to report around this time. I guess the one thing we can report on like always is the price action of hive let's have a look!
Hive's price action has seen some weird things going on. A steady decline all week long from $0.32 to $0.21 and then a massive buy back in to push it over $0.40 for a quick moment.
Now personally I'm still trying to figure out what the plan here is and why people inject millions into the token only to in theory from the charts lose about half the value within 24 hours. There has to be a play in there somewhere for the person or persons doing this are making profit otherwise it legit makes no sense at all.
We will have to see how long hive holds over this $0.30 range again or if 24 hours later the price starts to slowly tank once again. I'm personally not very optimistic.
Development wise really no updates it's the slow season and we most likely wont start getting any until the end of Jan. 2025. For now it's stacking season!
Goals
$HIVE
Goal: 300,000 Current: 123,042
Week over week we added in another 390 hive that was powered up or roughly 55 hive per day which is a small increase. Still a bit of a ways off of our 100 hive a day target which will come naturally when we hit 300k hive. That also means that we are only earning about 17 hive from active daily posting and the rest is coming from curation and normal inflation rates which I thought was rather interesting.
HBD
HBD just keeps building up slowly. I guess if I did want to set a goal for this it would be to have enough HBD to earn 100HBD a day but we are so far away from that number right now and plus the APR could change at any point which I see it going lower instead of higher thus increasing the amount of HBD I would need to earn 100HBD per day.
$LEO
Our LEO goal has been hit and now we have a decent stack of LEO as liquid. However the price of LEO is so low at the moment that it takes weeks to build enough of it to make a push into a liquidity pool worth it. You see you'd need 1,428 LEO for roughly $100 in fiat value to stick into a liquidity pool so that's why those moves have been slow. I'm hoping we can see LEO push into at least $0.20 here early 2025.
Splinterlands
Splinterlands has seen rather steady growth again in terms of DEC I've been stacking for land. New land plots are slowly but surely coming online at about 1-4 per week. It's a bit of a slower pace then I wanted but brining all 142 plots of land online is no cheap endeavor!
I also now have over 1 million SPS staked and I'm starting to build a liquid pool of SPS now as well. As for actully playing battles I really haven't been doing much of that these days but I'm hopeful to get back into the swing of it here soon. Really you spend about 20 minutes a day doing your full battles so it's not that much of a time sink. I think I need to find a easy way to play in bed before I go to sleep lol.
Overall goals are warming up. We are invested into various projects and I'm currently stacking in three other key areas which I'm not ready to say where yet as I don't want the price to moonshot while I'm building lol.
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