Friends, finally crypto market showed some stability today after gaining 2.6% rise yesterday. Right now, global crypto market cap is $1 Trillion. Market is struggling to achieve bullish run. There was a time when market was about to touch $3 Trillion and now it is struggling to surpass $1 Trillion.
During the crunch situation, Cubdefi showed some momentum as the TVL locked across all farms and dens have surpassed $1.5 milion.
Cub observed massive up and down since it launching. Cub managed to achieve $4.73 at one stage but however, it observed as low as $0.0207 worth. Now from couple of weeks Cub showed some resistance at $0.023. This is good sign for the growth of Cub.
One of the main reason of growth in cubdefi is introduction of BHiVE and BHBD. The new addition helped coin to move Hive asset on Binance ecosystem and move asset from Binance to Hive ecosystem .
Stoppage of Hive trading on Binance platform after hardfork has already proved that we badly need such alternative where people can easily transfer their asset from one platform to another.
Another major reason of increase in Cub worth is increasing burning of Cub coin. Till date more than 1.3 million Cub have been burnt. Majority of Cub burning is carried out during last couple of month. The way the burning number is increasing it may make Cub a deflationary token. Deflationary token has huge probability to rise again.
Cub at current price of $0.023 is pretty cheap. It has potential to move high and high. Time to invest in Cubdefi platform. Cub is currently offering couple of farming pair which offers decent APR on staking coin.
I am unsure about the Cub halfing future on Cubdefi platform. If it lies on the plan of Cubdefi. Halving future will definitely give huge pump to Cub coin which has already more than 99.5% down from its all time high worth.
Early investors are unhappy due to dip in price. It is indeed not a good situation for people who bough Cub at $3 to $4. This is crypto world where pump and dump is part and parcel. Holding is the key. Time to grab as many Cub as we can at cheap price. Remember, even if Cub achieve $0.5 worth. It will turn our loss into profit.
Huge cheers for Leofinance team who are working hard on Cubdefi and other platform. Cub has huge potential. Idea like halving of Cub may help to Cub achieve higher worth. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.