The Snowball Effect on CUB | How it Retraces Back to $0.50+
In order for CUB to take off, there needs to be momentum and the stakeholders can provide support to that momentum by depositing HIVE and HBD into bHIVE and bHBD, that basic pack mentality but, there is more to a potentially exponential CUB price.
I believe that we've flipped the speculative metric of escape velocity - where the DAO is buying back and burning more CUB than is sold on a daily basis - this can be seen as CUB has remained the same price despite the rest of crypto dropping nearly 20% in the last 2 weeks.
Basically, once the amount of CUB burned flips the amount of tokens created, the price will start gaining momentum and at the same time, the APY on all bHIVE & bHBD farms will start increasing because the liquidity pools’ incentives are paid in CUB, this will - in turn - increase how attractive CUB is as an asset to stake and earn income by providing liquidity.
That’s basically it, but it is obviously not that simple, there is much, much more to learn of how this snowball effect can affect the price of Cub and gain traction on our way to the moon. Click this video to learn more about this topic!
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▶️ 3Speak
Is it possible this increase that will affect the bhbd and bhive to have effect on the real hbd and hive??
Absolutely! If the CUB price starts to increase, the APY in the bHIVE and bHBD vaults will increase, driving more liquidity into those vaults.
If we achieve a large % of circulating liquidity then bHBD and bHIVE’s impact on market pricing will increase
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Ohhh! That's a nice one tho, I just wish it happens so soon
https://twitter.com/noadvice3/status/1574043997479309313
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I like snow. And SNOWBALLS !
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Yessir!
Parking my BHBD in the BHBD-BUSD farm and earning 32% in CUB right now.
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