LeoAlpha weekly curation digest 2
The LeoAlpha project's aim is to spotlight the best content posted to Leofinance, and promote these posts to external audiences. It's been a massive week for Hive, with the token price booming, and excitement in the community flowing over.
Here is a look at some of the great content we have put the spotlight onto over the last week.
Image Source: Pixabay
The first post I'd like to spotlight is this excellent post by @roleerob. It is a very detailed guide to Rabby wallet, which is linked to Debank. The post looks at how to set up and use Rabby wallet, as a valid alternative to Metamask.
Rabby makes no pretense about its objective. It wants to become your "go to" wallet and replace Metamask. As you are about to read, they have already made an outstanding start in reaching their objective.
This article has caught the attention of the founder of Debank, and the Rabby team, both of whom have retweeted this tweet. The Debank founder also commented that he felt it is probably the best guide to Rabby he has seen. High praise indeed - well done @roleerob.
This week was characterized by numerous posts celebrating and analyzing the rising price of Hive. A pump up over $3 was exciting, and I'm sure all of us will be delighted if Hive settles in with $2 becoming a solid support. Let's hope this holds. This post by @tarazkp took an interesting look into how the rewards pool for Hive, and importantly HBD reacts to significantly higher Hive prices.
That is the current rewards fund and its value at the $2 feed price. At the start of the year, that was about the same amount of HIVE, but the fund was worth less than 100K in total, because HIVE was sitting at around 11 cents.
There is a stark reminder of how far Hive, and crypto in general has progressed over the year. Maybe with plenty of HBD available to be earnt from great content, now is the time to stash some away to buffer for the bear market likely to come at some point. Personally, I (@jk6276) am starting this now, making my first HBD savings deposits, changing directions partly as a result of reading this post by Tarazkp.
Andrei Jikh has been a subject of fascination for a number of Leofinance authors. Traffic to Leo from people searching for info on Andrei Jikh has been fairly consistent. This post by @forexbrokr looks in depth into Andrei, his history and progression to becoming the Personal finance YouTube influencer that he is today.
In his first year, he earned over $100,000 in ad revenue just from YouTube, while picking up over 300K subscribers. That number has since ballooned to 1.61M, highlighting just how popular his content has become.
With that kind of performance for his YouTube channel, Andrei certainly has his fans, and this post is a nice insight into how he got started and how his "brand" has developed thus far. The Leofinance communities fascination with Andrei Jikh roles on.
Invictus DAO
The goal of LeoAlpha is to seek out and promote the Alpha available in the Leo community. This week we saw a couple of community members post about a project called Invictus DAO. Modeled on the Olympus DAO project, Invictus lives on Solana. First highlighted last week in this post by @rmsadkri, and then also posted about here by @myfreebtc.
A new Solana based DAO launched it's staking yesterday and the current return is around that figure. Invictus is a new DAO that forked Olympus DAO on ethereum which is wildly successful and popular for its new features such as staking and rebasing. The Solana fork Invictus was launched earlier this month and the staking and bonding went live yesterday. Quote from @rmsadkri
It looks very risky but the possible returns are insanely high. Losing $100 would have very little to no impact on my life so I would rather lose them than miss out on this opportunity. Quote from @myfreebtc
Definitely not financial advice here, Invictus DAO is obviously a high risk play. Maybe it will be a big success, and be a high return investment. Or maybe it will tank, or get rugged, or who knows. Do your own research on this one.
The final article I'd like to highlight this week, is this post by @fredrikaa. It looks at the shifting dynamic of market forces for Bitcoin. In the past, Bitcoin was seen by many as a hedge against many of the legacy markets. Simply, when major markets crashed, Bitcoin went up as a kind of "safe haven". This inverse relationship seems to be no longer the case, as @fredrikaa examines in detail in this post.
It was then assumed that when traditional financial markets performed poorly, Bitcoin would either be unaffected or potentially even go up in value in the face of financial uncertainty. Today, however, Bitcoin plunged down ~7.5% within the same hour of the European markets opening up in the same negative direction.
I personally found this article fascinating reading. A real shift for Bitcoin from being seen as an alternative asset, countercyclical to the major markets, into an asset that follows along with other markets seems to be happening. Fredrikaa posits that this is a result of the increasing mainstream institutional involvement with Bitcoin.
So there you have it, this weeks selection of highlights, as chosen by @jk6276 for the @leoalpha project. Of course there were a number of other great posts, which have been featured through re-blogs and tweets shared out. Check our profile page or our Twitter account to see what posts we spotlight each day.
Thanks for reading,
JK.
Posted Using LeoFinance Beta
