Centralized Tokens Value .:. #MyHiveGoals 2022
The last week on HIVE and its layer-2 (on Hive-Engine) was very interesting... There was some major news regarding the tokens that I accumulate and have inside these weekly reports! We still didn't have the HIVE blockchain hard fork and we will probably wait for some time more for that, but it was turbulent on other levels...
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Before I dive into #myhivegoals, I just want to comment on one thing regarding specific projects that I follow... You see if you have invested (time or money) into some blockchain game, you have to be aware that that kind of investment is very risky... Especially as almost ALL of them are run by centralized entities... That can be good, but also, that can be bad as well as you never know what could happen tomorrow if owners decide to drop the game, for example...
On the other side, blockchain game development can be very dynamic... One of the major characteristics of crypto games is that they do have a beginning (sometimes many times in alpha or beta test periods), but they don't have an end! The development never stops, if stops, the game usually dies... We always can see different things added to games, built on the top of the game, tweaked gameplay, etc...
As we have tokens attached to games, all these "perks" usually cause price changes on it... So, even if we think that the game token is going down (or it looks to us that it will go down forever), we can't know what will developers add to the game... New additions can bring new value, new use cases, and prices could rise... It happened with Splinterlands many times, and also with Rising Star, and it could happen again...
Let's get back to the #myhivegoals and numbers for the last week... The chase to my monthly HivePower goal continues... :)
screenshot from hivestats.io
Counting this post, I have done 4 posts during this week and it's kind of a place where I would like to be... It's hard to create daily posts and still be original, unique, and interesting to read... I know that many of you can do that, but I can't... Maybe it's because of the years that I have... Just kidding... Anyways, more posts mean more author rewards in the future, and that means more HivePower! As you can see by the numbers in the table under, I have continued with my weekly power-ups... The magic number is 200-250 HP growth per week... If I don't get there with author and curation rewards, I'm adding the rest from my layer-2 earnings...
In the last 7 days, I have staked 253 additional HIVE! I would like to skip 42K at the #hivepud, but we will see if I will get there... 43K would be a nice number to hit on September 1st!
My LEO Power monthly goal is already colored in green, so every additional stake will be a headstart for the next month's goal... I have staked almost 90 LEO tokens during the last 7 days...
The price of the WORKERBEE tokens stopped falling during this week and you can notice a lot more buy orders for a (relatively) higher number of tokens... Yes, we still have 2-3 big whales selling tokens, but maybe we are close to the bottom price... This is just my opinion and not financial advice... I had some tokens that I keep liquid, but I will probably stake them during the next week...
Now, the other token that is connected to WORKERBEEs is the BEE token... It is a token that you can "mine" by staking WB tokens... As they are connected, their value is also connected... If one goes down, there is a big probability that the other one will follow... As the BEE token is going down faster, I have some concerns about it, but there can be some future use cases for it, so I can't know what will happen... In any case, I have continued with staking my tokens, and my BEE POWER has grown by 18...
GAMING GOALS
My yearly RISING STAR goal is already filled, but I have continued with collecting cards... I have almost 6700 NFTs in my collection at the moment and new cards are coming on September 2nd... Also, there is some news regarding the tokenomics of the game as the STARBITS token went a bit down... As RISING STAR is just the game, I'm not worried too much about it... I have fun playing it, developing different strategies, and earning additional income that helps me reach my other goals!
Regarding SPS tokens, we have finally got the big changes inside the game and particularly, the rewards system... DEC tokens aren't anymore present inside rewards chests and that will remove the huge pressure that was on that token... On the other side, we are getting SPS tokens as rewards, and all those tokens are directly staked inside the game... I didn't calculate them in this report as I have started unstake of some tokens that I want to put inside the pools, but I will do that probably the next week... In any case, I will not go under 65555 staked tokens which was my initial goal for this year!
It's time to update the numbers and put them into the spreadsheet until the next week! So, freshly updated numbers for #myhivegoals, on August 28th, 2022 are:
Join us in this awesome #myhivegoals and let's grow together! You can find the original post about the challenge by @robwillmann here.
Thank you for your time,
ph
The link to my initial 2022 Goals Edition is here...
These are my initial goals for 2022 created on January 2nd, 2022:
Update 06.02.2022. BEE POWER 2500 --> 3500 RISING STAR NFTs 5555 --> 6000
If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
You can also find me on LEO Finance .:. Twitter .:. LBRY
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