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Hive Breakout, Tribal Dex, and getting more packs

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Belemo
@belemo
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For a wile now, hive has held its ground around $0.8 and it's starting to seem like we've normalised this level. Frankly speaking, an asset like Hive really should be doing a lot better than that, considering the value it brings to stakeholders.

Based on the aforementioned premise and the fact that numbers don't lie, it's easy to see why one may believe that we're at the cusp of a potential breakout.

On top of the chart, there's also the SPK network's plans to gobble up a decent chunk of Hive during the airdrop. The official date for the snapshot hasn't been published but it does feel like there's something big on the horizon.

When the Hive bull eventually hits, I'd like to be in a position where I can take profit and add to my growing HBD savings. I can't speculate where Hive would actually reach but can optimistically say that somewhere around $3-5 would be possible.

The Tribe

Tribal DEX is one of the relatively newer projects on hive but in reality, they've been around for a while. The Tribaldex site runs on BEE, the token that powers Hive-engine.

I started using the tag in my posts and so far, I've accumulated about 19 tokens that are staked.

From my observation, Tribaldex blog is a general blogging front-end, so you can publish virtually everything there. Alternatively, you can just add "hive-engine" tag to your posts on other front-ends and your content will pop up on Tribaldex.

The BEE token is one of the lesser known tokens, so the price has held its ground quite well. At the moment, it's trading at almost the same price with Hive at $0.8 but I wonder how long it will stay there.

I've accumulated about 19 tokens from blogging and it's all been staked for curation. I'm not setting any specific targets for this one but I hope I'll be able to earn decent curation earnings from it in the long run.

Considering how small the supply is, getting up to 1k tokens staked will put anybody in a decent position, so that's something you should be looking at. If you want to buy from the market though, I can or cannot say if this current price is a safe buy.

What I can say is that in the event of a Hive pump, I reckon BEE will move along with it.

In terms of utility, the last time I checked, you need 100 BEE tokens to create a token on Hive-engine. The token is also found on a number of Liquidity pools on Tribaldex, so that's pretty cool.

I think these pools need a lot more coverage to ensure more people know about them. Hive is rife with opportunities, and exploring the platform is the best way to meet them.

More Chaos

At the time of writing, I'm at 13 Chaos Legion packs, but with the event ending in about 21 days, that leaves me with 21 more packs to add to my collection. Statistically speaking, there's going to be a couple of badass monsters.

This reminds me of last year March, when I bought about 40 untamed packs with my post rewards. I'm still benefitting from that decision until today. A lot of the monsters in those packs mooned and I also got a Mimosa Nightshade that was one of my highest sales.

I'm hoping Chaos Legion packs will come with a similar promise. The only issue is I'm wondering if I should open them now or wait till the sometime close to the end of the SPS airdrop.

Each Chaos Legion pack adds 300 SPS points, so assuming I buy a pack every single day, until the end of the presale event, I'll have 10200 points from just holding the packs.

Opening the packs is a hit or miss situation, considering most of them will commons and rares that don't add much to the SPS airdrop points. However, selling some cards could also add to the SPS points.

There's still so much to process but for now at lest, I'll just continue enjoying the extra SPS from holding the packs. I'll handle the future when we get there.


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