Is this the time to buy DRIP?
Things keep happening, and we keep watching the same indicators. Maybe the alt squeeze is starting, I'm watching LTC over ETH, which seems to be performing outside the "alt" space and as such I am not particularly interested in gaining additional exposure to ETH.
But we can watch these same "ratios" in hive-engine - what are the tokens that you think have some sort of "fixed value" in HIVE terms?
DRIP cheaper than ever
Of course their incredible first year staking rewards are over, so maybe it makes some sense that DRIP is effectively "half-price". They sold some NFTs, but generally it seems the market is questioning if DRIP really should be "pegged" to HIVE price, or if it was only a convenient fiction of the bear market.
I'll remind you all that DRIP was sold in "tranches" and the next tranche is priced at 2 HIVE.
So if it ever reaches that point again, its a +150% increase from here, plus any yield you can manage to earn along the way. And there are several options with DRIP, in the LP or staking.
But is this a good risk? We could also be seeing the project have its HIVE-based pricing scheme go haywire and completely get away from them. In this case, which we have seen before, we will get "USD cope", but that doesn't mean much for investors who track in HIVE terms.
Welcome back to the bull run!
Just the fact that we are now talking about "which token will go up more", means we are, officially, in the bull run. Welcome. Now don't get me wrong, this could still be early days; "the first wave". As I often say, I don't have a crystal ball, but I am maneuvering based on the information and indicators I have. And if you were to look over my blog over a long enough period of time, you would probably find nearly all my secrets revealed.
Its probably not that I am smarter than anyone else, but there are plenty of cool trades to think about in this "small pond" of HIVE.
Is it time to be fearful, or greedy, when it comes to DRIP? I'm not sure, let me know what you think below.
They are now launching a new token "Yolo" that invests in the meme market.
Is this for real?
I think so. I haven't bought it yet.
https://hive-engine.com/trade/YOLO
https://hivedrip.com/index.php/yolo/
You only live once.
That you remember...!LOLZ
lolztoken.com
Because they have two left feet.
Credit: marshmellowman
@yeckingo1, I sent you an $LOLZ on behalf of fjworld
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haha the secret is about out. Yes it will be launching this week, stay tuned! We're already $32k funded from investors to start with as well.
My first impression,
it's an oversold situation.
On second thought,
it's weakness on the buy side.
...and could just be a large holder dumping to buy SWAP.HBD
Hint: konvik
!LOLZ
Who knows for sure but it will be fun to partake in the volatility. I am ok with Hive dropping and recalibrating for a long term trend upward.
lolztoken.com
It gets toad.
Credit: reddit
@ecoinstant, I sent you an $LOLZ on behalf of fjworld
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Yes if you can nail down a good ratio to play with, volatility can be very fun!
Btw i love that you looked, konvik is an arb bot meaning some holder was dumping in the pool.
I have been noticing many trading patterns from many bots, including human bots. !LOLZ
Is there a way to learn more about the person behind these bots?
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I bought my bag of Drip back when rewards were high, around $100 or so and reached somewhere around 350 tokens and even been buying for 1.75 Hive. Now I'm selling but price is going down even as Hive raises. When I calculate everything I'm at zero, no profits, no loss. Rewards are now lower. Also they introduced some SPS rewards besides Hive and Drip recently. If they come to another trench it will be profitable. Off course always dyor.
If you are selling, can I assume your base case is that the peg gets away from them?
I'm selling for other priority reasons. If there are buyers for 2 Hive trench the price will hold, even rise, but I'm not sure they are enough convincing. As I just checked, even their website is down ...
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I made a substantial investment into DRIP several months ago, just before the higher staking rewards ended, and I'm still glad that I jumped in, I just wish it were sooner. I've got 335.6 staked on this account, and 2,243.3 staked on my trading/utility account, and the daily SWAP.HIVE payouts really come in handy. I'm still buying as much DRIP as I can, especially with the price so low. The project is also run in an exceptional manner, with issues being resolved quickly and often with more than is expected. 😁 🙏 💚 ✨ 🤙
!DIY
!HOPE
!INDEED
Here I would like to say that the market may take a little dip here, if it does, then you should still buy, otherwise, if you buy here, you may lose, just like the way Bitcoin went down a little while ago. If so, it may once again see us rising to 91,000
good point, but did you take profits at 98?
Some of the trades I have profited from are for long term.
I'm not necessarily going to get more DRIP for myself, but I will keep compound staking what my staked DRIP tokens earn me.
This is tsnaks on hive-engine:
Hey thanks for the article! NFA but I believe It's absolutely a deal right now. Yes we are heavy in Splinterlands with over 1M SPS, 20 validator licenses and 30k+ in cards but we're also in other projects including a sizeable position in Boomland Hunters on Chain which is on the new Immutable ZkEVM. We've done some recent sales of NFT's and more than doubled our entry points. We have exposure to several games on other chains as well in addition to sitting on over 34k worth of HP/Hive/Swap.hive. We are also now paying out a small portion of sps in addition to swap.hive and staking rewards of more DRIP. The LP is VERY well funded and has a nice APR currently as well. Hive has gone up in value but we continue paying out more Hive. Everyone do your own due diligence. Cheers!
I also forgot to mention just two days ago we added $6k in assets via on OTC deal at 2.0 swap.hive tranche pricing. So we're still selling in the 2.0 tranche, it's just not shown on hive-engine because we can accept direct asset swaps as well. Hope that helps!
Interesting insights.
The dynamics around DRIP and its pricing relative to HIVE are definitely something to ponder.
The "half-price" situation could be an opportunity, but as you mentioned, the risk of the project losing its HIVE-based pricing stability is very real.
It's always tricky navigating these shifts, especially when market sentiment plays such a big role.
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