Sometime in Nov 2022, I bought in 2001 $WOO and have them staked. You can read about it here.
WOO is associated with a wrestling game which can be found at https://play.wrestlingorganizationonline.com/.
Today I claimed my staking rewards, after slightly over 2 months. It is about 793 WOO.
That gives me a total of 2,793 WOO.
(2793 - 2001) / 2001 x 100% = 39.32%
So there is a 39.32% increase from $2001 to $2793!
39% over 2 over months! That's fantastic!
But wait!
Let's check out the HBD worth of it.
My check at the Hive-engine.com exchange site today suggests the following if I were to sell all my WOO:
I will get back 3.35 HIVE!
In HBD terms, it is about $1.18.
Checking my previous post feels like I am already on the ground.
When I bought it, it costs me 5 Hive, or $2.44 in HBD terms.
Ok, I have made a loss, though I have more WOO now.
Nay, the amount is small and inconsequential. I take it as a tax I pay to support new game development in Hive.
In case you are interested to know how the price action looks like, I have provided a view for you below.
It's looking pretty depressing. I don't play the game, so I don't know what's the development like there now. Just happy to support them by staking my stash of WOO.
Join me?
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
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