Catch 22 - $CUB Price and my CUB Tokens

Do you remember the fanfare when Cub defi launched? The Leo-finance discord went crazy and the dedicated members were super excited in experiencing their first ever (well, for most of them) DeFi experience. Of course, there were the original DeFi gurus who helped others in figuring out metamask, trust wallet, contract address, BNB fees and so many other minor technicalities.

The price went up and created euphoria. I was also super surprised that the initial interest on the platform was that high. Having experience of aping into anonymous project certainly helped me at that point. I had the comfort of knowing the team behind the most talked about DeFi on Binance Smart Chain.

I was not a whale. But, I invested on Cub finance wholeheartedly with whatever fund I had back then. I brought cake-bnb pair and my cake pot into Cub finance to join the bandwagon.

After the initial pump the price started to drop. The discussion dried up. At point, I even remember readers were fed up of reading articles about Cub defi. Well, the crypto cycle is real. What went up will come down and the cub token price plummeted.

The drop in price has not recovered until now. The initial price pump was because of the investors who wanted to reap the early benefit. They did that and once they discovered great APY in some other defi game, they left. The price bottom, in my opinion, has been maintained by the diamond hands on Hive who don't know how to let go of the tokens they have.

I am not an old HIVE soul but I think I have acquired some of that qualities in spending time with other Hive members for more than a year now. I am holding all the cub that I farmed using the platform.

CATCH 22 - CUB Price

Here's a funny scenario. Any time my $CUB pot is about to reach or reaches $1000 mark, the $CUB price plummets. It is happening when the price of CUB was stable around $2.50. I am accumulating more Cub tokens but the dollar value is constant at $1000. I am not there is divine intervention but I am beginning to think there is an ongoing ultimate conspiracy to not let me have $1000 worth of Cub tokens. I need to confess that I swapped Cub for BUSD to increase my LP bag and that may have done its part in reducing my CUB pot.

I wish this Catch 22 spiral stops. I want new investors in and pump the price. I know the team is working hard but it takes time to translate all the work into success and to the price action. So, what do I do until then? I will first wait for my dollar bag to reach $1000 in $CUB terms. And, we will see what next.

BTW, did you pool BNB and SPS? A new Kingdom is live on Cubdefi.

Posted Using LeoFinance ^Beta