Hey All,
Today, the total market capitalization of cryptocurrencies worldwide hovers at approximately $1.68 trillion, experiencing a nearly 2.5% decrease in the past 24 hours, with a majority of coins displaying red indicators. And our favorite #HIVE is also down 3% and is trading around $0.31+ mark - will it go below $.30 cents or not that is the big question. I hope it does not, but you know how the market performs, and any negative impact can have repercussions.
Currently, I am providing liquidity for 3 pools which are ZING/HIVE SIM/HIVE and PKM/SPS and the above snapshot showcase that at the moment my total assets worth is $5K+ and at one point in time it was above $6K+. With all the recent downfall in crypto markets and specially the coins that I #HODL in liquidity has contributed to these losses. Here is the bifurcation of how my liquidity is spread and clearly SWAP.HIVE-SIM is the major with with $3K+ investment with 25+ Million #SIM LP.
The plan ahead that I have here is to continue to build my stake. And this time specially I would be increasing stake in SWAP.HIVE-ZING pool. At the moment I have around $200+ invested in this pool and the plan is to slowly bring this value to $2K+ Right now I am earning around 150+ #ZING tokens via liquidity pool rewards and to be honest all of them are being redirect back to the LP.
With crypto down overall its the best opportunity to build your stake. And I am doing the same but slowly and gradually. What is helping the most is the passive income source and then topping it up with some funds makes it some what easy to build the corpus. Directly pumping all the funds makes it a bit hard and therefore make small investments doesn't pinch your pocket that much. I started from no where and it feels like building a good amount of corpus here on the #HIVE Blockchain is a big achievement. The best part is that this is not only getting me an APR of above 20% but at the same time daily $HIVE earned is being used to powering up my HIVE account -- so its helping me to build my HIVE POWER stake as well. That's all about it on My Position in Liquidity Pools fall and the strategy to build it further there is no stoppage whatsoever... approaching $6K+ should be there pretty sooon.... cheers
Are you building your stake here on the HIVE platform? Selling Vs HOLD - second layers tokens #HIVE? Which is your favorite liquidity pool? What are your general thought around the platform #HIVE? Please let me know in the comment section below...
#hive #liquid #hodl #liquidhive #liquidity #lp #passive #defi, diselpools
Image Courtesy:: pro canva, peakd, tribeldex, beeswap, coingecko
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers
