Posts

Nice CTP price bump thanks to CTPSB

0 views
·
2 min read

Lately the price of CTP has been dropping continuously in a market with very little movement. Today it was time to pay the dividends for the CTPSB delegators. Let's say that this had quite some influence on the market...

When we pay dividends we are actually buying CTP tokens for the dividends on the market. Since the market is lacking liquidity, this buying activity had a very notable effect.

The last transaction before our activity was a sell order for 0.012 Hive per CTP. We have then purchased all orders in the book that we needed for the dividends and the price went up to 0.041 Hive per CTP. This is an increase of 241%!

Keeping in mind that we will have the power up challenge in August, profit from cheap CTP tokens!

The price will probably drop again but I think it could be a good idea to put some low buy orders now. If you can buy CTP around 0.015 Hive, this will give you a huge edge for the CTP Power up challenge coming in August. Just don't power the tokens up yet ;-)

15.15% APR for delegators

We have put a very big amount of CTP tokens to the delegators. In spite of low CTP prices, this represented an APR of 15.15% which is almost at par with what you would get for delegating to leo.voter.

77.2% ARP for CTPSB holders

The return on CTPSB tokens is still very high. It cam down a little bit from 77.7 to 77.2% mainly because of the reduced curation rewards during the transition phase related to HF25.

Learn more about the CTP Swarm Booster: