Farming some of my ZK airdrop from the main drop and from a suprise drop i got on pancake swap and everyone who is staking CAKE gets a allocation of ZK as well as a few other things can get you more like provided liquidity in the past etc but everyone who has CAKE locked up will get some part of the drop so go claim that shit. I decided to sell 1/3 of the drop for USDC so I could have 1/3 for the other side of the LP on PCS and 1/3 to hold for pure appreciation without any LP as I think ZK will go up from here and if we get a nice bull run from btc I can see it hitting a dollar or so on a huge rip. Not sure if that would be sustainable but based on the mkt cap it looks like it would be in comparison to others like ARB with much higher market caps. I think ZRO and ZK will end up in the range of where ARB and OP are etc after a year or so now that they have done there airdrops and as long as they offer a good product there will be revenue that comes in and that will make the token prices go up and as long as there is more coming in than tokens being printed the price will rise on fundamentals and then there is hype so if there is some hype announcement it is probably a good idea to sell a good chunk into the pump on that an wait for it to come back down to buy back in and if it doesn't you still have your core position but just smaller than you planned to ride out instead. Layer Zero I see more promis in than ZK and its token price has also come out of its airdrop gate much stronger than the other two airdrops ZK and ZERO that I received recently as will as some ARB, RDNT and ZERO on going as well. Arb looks like it oversold with the sell off and will be correcting to the upside as BTC climbs up. If BTC can resume its trend past 60-65K it will likely hit 70K plus again and hopefully if it does this time it will take off and lead a bull run that takes everything and hopefully even SPS with it this time as it has been declining even though BTC has been on the rise again. It seems like we get the downside but not the upside of BTC and the overall market effect. We need to get the DAO validators done so we can try and list on a exchange and maybe on some different chains to get people over or consider leaving hive as there are other chains that have many more users especially solana with a lot of gamers and people who would likely bring in demand just bc the coin is down which would be good for people in the red to size there positions a bit better as well as get good prices for some of there collections as new demand comes in and some capital can be freed up not at rock bottom prices and then you can take that capital invest out side of SPL and use the returns to fund future purchases rather than try and fund it with SPLs own LPs etc that have assets that are completely correlated with how the games is doing so in a bear market for SPL you could actually be building more instead of building much more slowly with reduced cash flow by a lot over the year as SPS has gone from above .03 to .005 which is like a 6X decline or the returns are 1/6 of what they were earlier this year and even earlier this month as it seems each time I harvest and sell a portion of SPS from land its less an less and the same for grain and DEC. It started out as a couple hundred dollars a week now its down to like 50 dollars a month but that can all change if SPS recovers with some demand for it and it doesn't even take that much demand all it takes is say a couple thousand players to move the needle and buy up a bunch of SPS to play as well as cards and then if they like it they tell there friends so we need that marketing push ready at some point to really get some players in here and then the selling will be absorbed and the new players will get assets cheap which will keep them around longer if they see the assets go up or not go down much more since the selling will stop at some point if there is new demand. If there is enough the selling may even reign in to raise prices which would be a welcome thing that has not happened in a while but I think my deck is basically near burn value for a lot of cards or really low priced the only expensive cards I have are on land now. Hopefully the income I get from delegating my HP to splinterboost continues to be 1-2 hive a day which does better than me at curation so ill let it do its thing and just use the 1-2 hive to buy a pack or two a day or a rift pack ever couple days with that and get some of the rift packs before conflicts end and people may turn there attention back toward them and CL packs priced so low and for land so I may alternate picking up CL and RIFT and maybe if rebellion dumps a bit grab some of those but I don't want to buy to much when hive is this low either but I will need to check the market cap of hive and see how much that is up or down to determine whether hive is over or undervalued right now bc if the market cap is close to the same and the units have just increased then no value has been added and HIVE is not likely to explode up in that case but if it had a real decline then it may have a chance if btc rally's to have a nice pump that you can sell into if you can unstake fast enough which is the one problem with HIVE you cant take advantage of many short term moves and have your hive staked as it takes a quarter of a year to unstake all the hive and it would be nice if that was like even a month so people can unstake a bit quicker and it would probably lead to more people locking up HIVE as they would be able to remove it faster if needed. Even using my HIVE to buy HBD right now might not be a bad idea if it has a pop but use the market instead so that you don't lose any fees to the stablizer and you just need to wait for the bid to hit which will give you a higher APR on your HBD if you get it at say .95 or something vs 1.02 which is where it usually sits on the internal markets on hive engine. Any of that extra yield can be used to set up a funding stream for your deck and let it perpetually fund purchases into the future and be able to take advantage of down turns like right now and likely over the next few months as well so I am in no rush so i will let the income from the game and from my hive delegations and lp rewards fund my purchases over time that way i will really dca back into things getting hopefully good deals to make up for the really crappy prices i got right before they crashed on some cards.
