Okay, so this is a click bait title, but now that I got your attention, let me show you what I mean...
I am currently getting passive income from Hive, CAKE and Cub. While the current income flow does not amount to 540$, I suspect that it will at the bull cycle top. So how is this working?
With 77k Hive staked it's currently possible to earn about 30 Hive off of curation rewards per day. Part of this stake is also delegated through dlease which is a great way of earning Hive.
I also have about 80 LP staked in pancake swap by providing liquidity to the BNB-CAKE pair. By the way, this is in my opinion one of the best pairs currently to provide liquidity into. Why? Because there is currently no impermanent loss as both coins rise and fall almost exactly by the same percentage amount. This gives me about 2 Cake a day.
Last but not least I have a small amount of CUB in the CUB den which provides about 2 CUB a day as well.
So at the current price this amounts to ~20$ from Hive, 40$ from CAKE and 7$ from CUB. Or 67$ a day. Not bad!
But it is logical to assume that this value will increase with the coming bull cycle top. I expect Hive to hit at least 10$, Cake to be at 100$ and CUB to reach at least 20$. This would mean roughly a 18x for Hive a 5x for Cake and a 7x for CUB. This is obviously an assumption, but I am fairly confident of these targets.
So, if I would sell at these nominal levels (which is not something I will manage or would even want to), this would mean that the current income stream would add up to roughly 540$... a day or about 16k a month! And this doesn't even factor in the price increase of the currently held coins...
It's easy to see why so much money is flowing into defi and blockchain projects. It's "easy" to make a lot of money. But of course this doesn't come with quite some risk, as one can simply never know where things are headings definitively. However, I would still argue that it is possible to identify (long term) trends which makes market predictions a lot more confident. And currently, the direction of the market is very clear: up! This bull cycle will most likely last until the end of this year, so there is still plenty of time to get involved.
However, I think that it is also important to stress that being involved in cryptos should not be all about money. Hive has been my first interaction with blockchain technology and it has been quite a ride. I think it is clear that there is potential to change society for the better with this technology and where else could this happen than at a place where the community is so strong and innovative such as Hive?!
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