This week we are going to dive into what's new on the hive blockchain and then also touch a bit on my own goals I have and were we are coming with those so far.
$HIVE
Hive had a very small bump in price from it's lows of $0.19 early this week to now $0.21. However this still puts it drastically in the dumps over the course of the entire bull market in which we saw it peak this cycle at just a little over $0.40.
Price action on hive has been rough which most likely stems from many MANY things currently happening in the hive ecosystem. From massive amounts of DHF money being paid on out projects that are not cycling value back into hive.
This has caused of the the biggest sell outs of the hive token and it's stable coin counterpart HBD for the last about year and is only getting worse as of late in terms of the funds being paid out.
This is what a so called "decentralized" system gets you where a few that hold a vast amount of the hive vote on things and just keep forking money out of the system like it's a pay day around here. There's legit no plans into how any of these projects return funds and value back into the hive ecosystem and a vast majority of users simply don't understand this or simply don't care.
Outside of that there's really no big news coming out of Hive once again. No real game updates or anything like that. The only real headliner I got was from Golem Overlards in which they are expanding the NFT series and building out the game more. I have to say from what the game was to what it is today has seen a rather large change and introduced some complexity to it.
Goals
$HIVE
Goal: 250,000 Current: 112,067
Week over week we pushed pretty hard to power up as much hive as possible with prices being so low. That ended up being another 564 Hive that got powered up in 7 days or roughly 80 hive per day which is one of my highest weeks with the first goal being getting to 100 hive powered up per day ever day. So we are making progress there for sure. This is due to a combination of general APR which is earning me about 10 hive per day along with surprised hive value which is causing large hive payouts. The biggest issue is my votes coming in are not what they used to be that's for sure which is mainly making me convert other assets into hive over the rewards pool. If the rewards pool was still there for me from votes I'd be sitting well over that 100 a day mark.
$LEO
Goal: 150,000 Current: 140,471
Week over week we are looking ok. This week came in at 336 Leo powered up or roughly 48 per day. That's still below where I need to be to hit the end of the year goal. This has mainly been from issues of nothing being able to post of Leo, lower leo votes and a crazy curation which seems to never really be clear or presented as to what's being earned in curation rewards.
I also did stake a bit more into the LEO:Swap.Hive pool which I don't count into this figure. I think my goal here is to hit $100 in pool value and then I'll most likely hold back at that point. I did make a few recent moves which should be bumping us back up in this area to hit the target before end of year.
Splinterlands
Man oh Man has splinterlands been under fire and sell pressure that seems like it's just not letting off. The goal here is still to hit 1 million SPS and while that's the core focus I'm also going to start focusing on getting other assets in the game. NFT cards, more land, getting more land up and running and so on. At these prices the risk to reward ratio is crazy low.
Posted Using InLeo Alpha