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It's time to DCA into CUB while Hive stabilizes

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Hey Leos,

How are you today? I am gonna shill you into buying, or at least persuade you that you should seriously consider buying, some CUBs in this post. Yeah, I'll be honest with you right from the beginning. And I own some CUBs too, for sure. Not enough to be a whale though. ๐Ÿ˜†

Why would I do this? Because that is genuinely what I think right now and here is the place, yeah, the Leofinance on Hive, that I can speak what I think freely. Whether this is financial advice to you or not, hey, that's your call, not mine. ๐Ÿ˜Ž

I talk about CUB for Cubdefi only. Not about Leo, not about PolyCub (which is doing ... urrrr... ๐Ÿ™ˆ), but also indirectly about Hive, as for now, CUB wants to be HIVE's sidekick badly!

Ok! First let's look at CUB's price movement over the past year.

CUB price - One Year

Oh... doesn't look good. At all. Actually looks terrible to be honest. I wouldn't be surprised if you tell me that this is an abandoned project. ๐Ÿ™ˆ

Why would I tell everyone to buy such a ...

Oh oh, hang on... see where the cat is... that was when Cubdefi started a renovation that profoundly changed the game thereafter...

Let's zoom in!!

CUB price - Three Months

Wow! Things look much better in this graph. Actually we should say it looks WONDERFUL if you know what happened during the past three months... Especially the infamous FTX incident recently that I marked with an EYE...

The CUB has been holding quite well!!! Hold steadily above the 2-cent line with the power injected from the volatility of Hive assets. Until now, the protocol has burnt more than 1.5 MILLION tokens! Imagine if we had that kind of force when the general trend is going UUUUUUUP! ๐Ÿ™ˆ

Risks. Always consider risks. Not the moons that we can never reach. Yes! Good thinking!

b-HBD price - Three Months

My personal opinion is that you can detect the confidence toward the Hive system from observing HBD. In the graph below, we take the even more relevant asset, the BSC-wrapped version of HBD, the b-HBD.

Oh, did it do well! Most of the time above the $0.98 only down to $0.92-96 when panic spread. I would say it's excellent!

One direct implication is that you can have more confident for putting your stablecoins here to earn and indirectly it says that people are confident that Hive can hold against bad weather in general which is definitely a must for Cubdefi to thrive!

HIVE price - Three Months

Or we can also look at HIVE price directly for the past three months. I think it did ok. Down 30% similarly to ETH, but not better than BTC... Hey BTC is like the mother of all so we should compare with other alts and HIVE did alright, echoing the trend in HBD.

So this is what I did. Just bought 10,000 CUBs before this post and a DCA strategy might be considered or just buy more when price drops given the above trends are not damaged.

There are some grand plans by the @leofinance team that are soon to be deployed, but I will let you check the official blog for those. I have enough facts here, anything better will only make the argument stronger.

Stay SAFU though, but also stay clever!

Posted Using LeoFinance Beta