May-June Crypto Holdings Review - Leo and Cub my Worst Performing Assets, Splinterlands Defies the Downtrend!
I'm not expecting massive LEO upvotes for this post because the truth belies the shill-bubble - that Leo and Cub have been my worst performing assets over the last month.
Who'd have thought that despite all the development with Cub Defi these two linked-assets have both fallen in value pretty much in tandem, suggesting that people haven't so much been selling Leo for Cub, they've been selling LEO for something else and then selling Cub as well!
With the exception of increasing my Stables holdings by 30% in the last month, In terms of the number of tokens of each asset my Portfolio has hardly changed at all since early May - I've got a little more Hive and a little more LEO, but everything is broadly the same.
However in terms of dollar value, the major changes are unfortunately the declining value of LEO and Cub, so the balance of my top 11 holdings now looks like this:
You can see that Hive and Bitcoin are roughly the same (a little misleading as I've picked up more Hive, and a tiny tad more BTC).
Leo has declined massively as a percentage, and Rune has increased as has Splinterlands - Rune was hit less hard by the market decline, Splinterlands assets have actually increased in value!
Eth has remained almost par for value but Cub has decreased in value as much as LEO!
Percentage value declines between May and June
On average I'm down just over 30% - most other things besides Cub and LEO protecting me.
The percent changes for May - June are below - positive = down
NB I've bought more stables, I've based the percentage declines above on the relative dollar values May to June, so that should clearly be 0 rather than plus one third.
Hive seems pegged to the value of Bitcoin
Once I factor in my Hive rewards for May, the low 30s percent decline of both Hive and BTC seem VERY similar - I'll take that you know, Hive acting like a crypto stable coin!
Splinterlands assets defy the downtrend
This is great news - so thanks @splinterlands - my investment is up 16% in a month, and that's without any more inward investment!
Eth and Rune only down 8% and 20% respectively
These have both held up fairly well - especially ETH, suggesting there is still a thirst for DEFI and smart contracts more generally, just not for BSC projects!
BNB hit hard, BSC defi tokens harder!
It seems mainly over the last month the market fell out of love with BNB - down 40%, with Cake down 52%
Leo and Cub very poor performers.....
What Can I say? We just have to face up the following fact:
People shilled the fuck out of Leo and Cub for the last 6 months and all along they planned to use Cub Defi as an out-ramp.
They bought the rumour and sold the news.
Truth hurts I guess.
Final thoughts - past performance doesn't necessarily indicate future performance
I actually have slightly more Leo and Cub NOW than he had at the beginning of May. Only a little more as I've been sticking to the stables stacking strategy I've been blogging about for month now.
I think the worst of the price decline is probably behind us and both LEO and Cub could bounce back as part of a wider rebound, however I think this is now more likely to follow a renewed interest in Hive.
Posted Using LeoFinance Beta
