Last night in a post I mentioned that I did believe that there was roughly 3 million COTI in liquidations and today this is starting to reflect in the APR rate we are now seeing reflecting in the COTI Treasury. Free coins for being staked in a no risk level is the winning formula in this case. This is an unexpected outcome as who would have thought people would be liquidated at these prices and were trying to earn the extras thinking they were outsmarting the market.
The APR I am now receiving on most of my stake is 20.53%,18.54% and 18.63% which is far more than yesterday. 3 days ago my stake was averaging around a 15.37% APR so an extra 4-5% is very welcome and an extra unexpected bonus. This in real terms relates to around an extra 34-35 COTI being earned daily and accumulation is what is important right now. I could earn an extra 19.68% if I had the extra GCOTI staked staking with COTI at 1/1. That will come over the next month or two adding an extra 90-100 COTI to the daily rewards.
The initial target has always been trying to get to the 100 daily COTI rewards which is not that easy to achieve and this stake has been grown over this entire cycle of 4 years. We all know crypto is not an over night rags to riches story which many believe it is and this takes time and commitment to achieve. 4 years is not that long and the time does fly quickly so one has to stay consistent in order to make the small difference each day. The small gains add up fast and the stake does evolve over time the bigger it becomes.
The two cycle financially changing your life is still very much in play and it may now be between 2 and 3 cycles which is roughly 10 years depending on what the cycle time is now. The amount of dollar value that can be earned over that time period is unmatched in the real world considering this is part time and in many ways a side hustle hobby.
My current COTI stake is close to 244K and on target for achieving 250K within the next month. If looking at the last ATH this would be valued in the region of $165K and even though we are so far away from that point do believe this will be surpassed once we see ATH's again. This is hard to fathom especially as where the current market is sitting and so much needs to happen before ATH's are seen again.
The positive part having been in crypto for close to 8 years is that I know what is possible and this is not wishful thinking. Markets can turn within a few days replacing doom and gloom by euphoria so this needs to keep on growing at a consistent pace with no time to let up and relax. When you have stake earning daily rewards this is already half the battle won as the stake earns more stake. Nothing could be simpler once you have done the work in setting things up and all that has to happen is to farm the rewards and accumulate wherever possible.