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CIB: Crypto I Bought #10 - Algorand, Helium, Polycub, Waves, Staking Polycub, pHIVE-Polycub, Listnerds, CTP

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Mark Carrington
@carrinm
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PolyCUB airdrop is coming to an end. The early harvest penalty date is shifted down to 30 days - will this bring in the sellers? I am voting NO

Portfolio News

Airdrop has come to an end but I have not seen the formal announcement - should I harvest the CUB earned? Good to see both Staked CUB and pending airdrop balances went up - something must be set to auto-staking

Investment is modest and we could do with seeing prices rise.

Bought

PolyCUB I read a post about the chances of a change in PolyCUB as the airdrop reaches its 60 days. Two drivers for potential demand for PolyCUB - the end of the airdrop and the start of pHIVE and pSPS farms. I got ready and bought some PolyCUB using ETH

The chart shows that PolyCUB has dropped 81% in the last month but appears to have reversed relative to ETH. [Note: Chart is ETH-POLYCUB = not the normal way around => rising chart = falling PolyCUB price]

I am figuring that the pHIVE staking opportunity will drive demand for PolyCUB which could be bigger than the flow of airdrop coins onto the market.

Also ran my regular screen on Top 10 and Rising 10 coins to identify reversals. Found two.

Algorand (ALGOBTC): Chart shows a steady decline, a levelling out and a higher high above the consolidation zone. I averaged down my entry price 45% below the initial entry.

Good to see price keep moving with a 50% move from the May 2 lows. Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world.

Helium (HNTBTC): Helium is a decentralized blockchain-powered network for Internet of Things (IoT) devices. Price made a reversal off the Q4 2021 lows. I scaled in my position - maybe this time I will not miss out on closing out should price go back 175% to the 2021 highs.

New Rising 10 Analysis

6 months ago, I did an analysis of the fast risers in the Top 200 crypto coins. Time to do it again. The process is simple enough. Take the list of Top 200 coins from Coinmarketcap.com now and put them in a spreadsheet. Take the Top 200 from a date 6 months back from the historical snapshots. As I had done the analysis in December 2021, I already had a snapshot in the right format. Calculate the number of positions a coin has moved in the last 6 months and sort in descending order. I use 6 months as it shakes out a few fly-by-night coins that boom and bust. I want risers that are shown to be stayers.

Then I strip out all the stablecoins - they are by definition not designed to grow. This is the list of 10.

Then I look at the charts and look for reversals relative to BTC or ETH. I already hold GT and KCS in this list. I will probably invest in PAXGold as it is will track the gold price. I would rather hold that asset in a form I know I can get my hands on the gold without counterparty risk.

First off the rank was WAVES.

Waves (WAVESETH): Price has fallen after the last move up which looked like a pump and dump from the small consolidation zone in March and has now made a reversal. I bought using ETH.

Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts.

Sold

Sold BTC and ETH to make the other purchases.

Staking

PolyCUB Staked a portion of the PolyCUB purchased and also claimed next airdrop of PolyCUB and staked at 84.84% APR

CAKE I noticed very high farm APR (322%) for CAKE staking on Cubdefi. Bought some CAKE with ETH on PancakeSwap

and staked that for 2413% APY.

pHIVE - Polycub I have some HIVE sitting in my wallet not powered up. Staked that at 126% APR

Process steps:

  1. Buy Polycub - done on Paraswap. I already have Polycub token contract in Metamask

  2. Wrap HIVE - done on wleo.io. Simple process of entering Polygon mainnet address and Hive user name and confirm in Keychain

  3. Import pHIVE token to Metamask - use this contract 0x456320e9b87a7c84a53b8ab300067f3a29aab301

  4. Enable pHIVE-Polycub farm on Polycub

  5. Create pHIVE-Polycub LP - done from Polycub using SushiSwap - need to approve pHIVE and then confirm supply

  6. Stake on Polycub Farm

  7. Staked at 126% APR

Listnerds Visited the site and claimed and staked all the CTP and LISTNERDS. I will get back to using the mailer when I get on top of my Internet Marketing stuff.

Key Links

Polycub Farms For staking pHIVE and PolyCUB. https://polycub.com/farms

Buying Polycub Buy them on Paraswap. https://app.paraswap.io/#/?network=polygon. Be sure to be signed into Polygon mainnet. This is the contract address for PolyCUBif you have not already got it set up 0x7cc15fef543f205bf21018f038f591c6bada941c

Buying Cake Buy them on Pancake.Swap.
https://pancakeswap.finance/swap

Converting HIVE HIVE can be farmed on Polycub. https://wleo.io/hive/. Make sure you are on Polygon mainnet. Clue P for Polygon mainnet

Cautions: This is not financial advice. You need to consider your own financial position and take your own advice before you follow any of my ideas

Images: Trade/Stake image is based on royalty free photo under CCO public domain licence from piqsels.com. CubFinance logos come from CubDefi media kit. All other images are created using my various trading and charting platforms. They are all my own work

Tickers: Crypto tickers come from TradingView

Charts: http://mymark.mx/TradingView - this is a free charting package. I have a Pro subscription to get access to real time forex prices

Trading: Binance offers a wide range of coins to trade, tight spreads and low fees if you use BNB to pay https://mymark.mx/Binance

Kucoin offers a wider range of altcoins than many of the other exchanges. I do like to diversify my holdings in case an exchange gets knocked over. Grab 15% discount on your trades whn you open an account on this link https://mclnks.com/kucoin15

Tracking: Keeping track of your crypto trades is a whole lot easier with CoinTracking.info. Get 10% off all your account upgrades https://mymark.mx/CoinTracking

May 3-9, 2022

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