SEED Holdings Report #41 - Slowly pivoting from 'neutral' to 'bullish'.
It felt like ages since we had a +10-20% week overall! And I more than welcome it. Charts are telling me that bottom could easily be in and some indicators are turning 'quietly bullish'. Let's recap.
- Main change for this week is that I swapped some stables (again!) for ETH and ORN. Both of these have been pooled for a sweety APR of +16% paid in ORN. I don't know when, but when the ORN beast gets released and some starts get aligned, fireworks will shine around the place. At current prices (around 1$/token) even a modest return to the mean will yield an x4-x5 return. I def want to be exposed when this happens as Orion developed a lot his flagship during these months of bear.
In the meanwhile, another 12K CUB have been added only from LP rewards and re-pooling some farmed gains. All of our CUB (180K) is pooled with the bHBD equivalent (+4200$) which will be enough to suffice the few presales we have these days. In the meanwhile, we keep farming this +30% APR.
Our most successful presale, Step.App or the FITFI token started its release recently. For our allocation It's a DAILY drop of +700 FITFI tokens, which account for approx 40$ daily if prices hold (I said DAILY!?). This comes at a great moment to keep accumulating.
I bought 220 Riftwatchers packs (200+20 from the 10% bonus) to qualify for the upcoming airdrops and keep improving our Splinterlands deck. 100 Have already been opened and the remaining will be once enough potions accumulate.
Our deck is able to maintain easily in Gold I, Hopefully, I'll be able to keep improving it to sustain ourselves in the mid-Diamond league in a few months.
This is how we are standing regarding assets:
I'm thinking about removing a lot of small dead assets from accountability. We have +15 coins from old presales with less than 100$ in balance which isn't even worth reclaiming especially those on Ethereum). But meh, it's only annoying visually, not a prio.
Regarding the market situation, I would like to share the monthly chart for Bitcoin. Although we don't own any, they're like an index for the overall market:
As you already might know, I'm always looking for overall macro confluence. And the recent price action and the MONTHLY chart is telling me that we will have a reversal soon (in 2-4 months). This theory coincides with the end of the winter (around Feb-march) and I believe we could see BTC returning to the 40K$ next year if this scenario plays out.
Can you see how the MACD gives us the signal? The increasing histogram means that we bottomed out in sell pressure. THIS DOESN'T MEAN WE CANNOT GO DOWN. It means we already stabilized from the 2021 bull mania.
Time will tell, But this means we could be around or near the point if max opportunity. Load up in coins that you like if you're brave! (not financial advice, but is what I'm doing; DYOR).
Current SEED Stats
- Circulating supply: 100K (full released)
- Total value of AUM: 134048$
- Backed value of each SEED: 1,34$
Say hello to November. 2022 Is almost away. Incredible how time flies.
50% of blogging rewards paid to @seed-treasury.
Remember you can follow the portfolio in real-time here:
https://cointracking.info/portfolio/seedtreasury
You can join us on Telegram and follow me on Twitter.
Vote for My Witness!
If you like what I do consider voting for my witness:
Witness account: @empo.witness
https://vote.hive.uno/@empo.witness
Posted Using LeoFinance Beta
your posts motivate me to start a hive token index fund for @poshtoken. Could be a cool way to bring some profits to the project to incentivize more sharing while investing in cool projects on hive. Not sure where to find the time, though
hm, I'd like to hear what you have in mind.
maybe I can help you, do you dare to send me a message thru discord, or I shall do it myself?
Cheers bud,
Send me one so I'll remember it in the morning, about to fall asleep atm:D
Said and done. Gnight!
Thanks for the update. I am happy to hear the current price is 1.34. And I look forward to the profits when the bull comes. Did you previously do articles on the ORN system? I want to start researching it.
Thanks
Posted Using LeoFinance Beta
I didn't write that much, since it's not an easy piece of tech; better check his site:
https://www.orionprotocol.io/
In a few words, they're building a liquidity aggregator which not only combines DEXE's, but also CEXE's.
I see, thanks for the link. I am beginning to appreciate that there are advantages in combining both decentralization and centralization into projects and products.
Hi Empo, I thought no one is playing SL account and we were renting careds.
Did we resumed playing.
SEED look strong .
Posted Using LeoFinance Beta
We are doing both.
We have a mid level deck playing through splex and the remaining cards (cards which we don't need in the playing deck) are being rented through the main SEED acc.
Cheers!
Thanks for the update. Just wondering about the dead assets, but did the profit from selling off some of the tokens in the start offset the cost? Just wondering how that looks on the DAOMaker front.
Posted Using LeoFinance Beta
We have a bit of everything in that sense, I worked in an excel combining pieces of information from multiple sides (DAO maker and coin tracking, mainly) and grossly the stats are the following:
a) Invested in presales: 38.900$
b) Realized profit: 57.843$
Net amount (b-a) = 18.943$ (this is pure profit already realized).
c) value in USD of vested tokens: 33.023$
This (c) means that if all the locked tokens were unlocked today, the extractable value would be around 33K$ more which added to the realized profit would sum a bit more than 90K$.
So yes, we can conclude that DAO Maker presales are very profitable (even more if we account for the fact that the majors are overall -70% down and shitcoins -90% minimum).
I'll try to write a more detailed article with this information soon, but you get the point :)
Cheers!
I was hoping for 10k bitcoin for loading up. Oh well ...
I wouldn't count with that tbh
😊🌈🎃👻🤖👽🧙♀️🦸♂️ HAPPY HOLLOWEEN!
ORN sounds poised to take off! and wow! $40 per day is really really good. :)
Have been growing my ORN bag ever since and even though one can never have enough, I'm happy with it.
Things are looking great for seed. Thanks for the update and all the work you do for us.
This is an interesting update and always bullish on what we have going on here. The $40 daily rewards is fantastic and not chump change as this adds up quickly.
Posted Using LeoFinance Beta
Wen divs? Wen nfts? Wen discord? Wen moon? Wen more gayness?
divs: we need a bit more TVL for that, don't want to start paying these yet (although a middle ground will be found).
nfts: As I research more on that matter more and more flaws I find. At the moment is completely discarded.
moon:
discord: I've been a bit lazy regarding that, I agree.
🙌🏽
Posted Using LeoFinance Beta