It's shaping up to be a great weekend here in southern California. I started off my day early enjoying my backyard. Normally I enjoy a few cups of coffee out there, but today I only had one. My doctor is having me cut back on the caffeine, so I savored every drop this morning. I suppose I could switch to decaf, but it just isn't the same...
This week has been an exiting one on the cryptocurrency front. BTC reached a new all time high and has been flirting with the $120,000 mark. So far no push through it yet, but I don't think this rally has run out of steam yet. I think it's now above $110,000 for the foreseeable future, and that will likely be the new support level. I'm hoping that as it continues up that it will start to pull the alts, especially Hive, along for the ride. Just look at the BTC chart for the last seven days, impressive to say the least!
Hive's chart look a little bit different. It has has some slow and steady price increases this week, with a nice push through $0.24. It wasn't sustainable at that price yet, but maybe in the coming days? My only worry is that if Bitcoin has a pullback, Hive may have an even bigger pullback. I'm hoping for the best though! The chart over the last week looks really good.
Charts from coingecko.com, BTC and HIVE over the last seven days
Most of the other alts have been enjoying gains as well. I think XRP may be ready for a bigger push as their approval for ETF's is pretty much a lock at this point. This should be interesting to watch!
Next up is my Saturday Savers portion of the post, this is where I analyze my weekly progress toward my goals in Hive Power and second layer tokens. I haven't found any new projects that I'm really exited about this week, but I'm always on the prowl. If you have a project you are excited about please feel free to tell me about it, I would love hear from you!
Hive Power
This year's primary goal is to reach 10,000 staked HP. I'm slowly getting there, this week was a weak one.
Current HP: 9,447 (94% complete)
Goal HP: 10,000
I increased my HP by 44 this week, an anemic performance all around. I was down with COVID for about a week two weeks ago and really didn't post, thus I didn't earn. Moral of the story being: post or you will not earn! I have been posting daily this past week even on the days I haven't felt great. It makes a huge difference and next week I should be back on track earning around 140 HP per week. Hopefully I'll be done with this goal in three to four weeks. Hive prices are going up again so that could potentially slow me down a little bit.
Once I pass that 10K mark, then I will have to think about the next goal...
Completed Goals so far in 2025
PIMP
My secondary goal of the year. It's a great token that is backed by both BTC and physical silver. I'm slowly heading for 100K!
PIMP: 57,000 (114% complete)
Goal: 50,000
I'm going to be taking some more PIMP I earn and put more into liquidity pools over the coming weeks. It's a great way to earn extra PIMP!
LEO
I finished this goal up some time back, and I'm glad I did before the prices surged on LEO. I will continue to earn on my posting and keep it towards power up days, but don't have plans to purchase more LEO at this time.
LEO: 5,335 (106.7% complete)
Goal: 5,000
PIZZA
This was nice to finish up. I get 15 tips a day to use as a bonus and occasionally a curation as well!
PIZZA: 1,569 (104% complete)
Goal: 1,500
DUO
DUO: 2,037 (102% complete)
Gol: 2,000
I expect to pick up much more DUO in the coming six months, but picked up only a few this past week to cover what I give away on my Sunday giveaway. The next section will get you more info on DUO, it a great token to invest in!
Coming up on a year ago now, I started a token project with @bulliontools and @bitcoinman called DUO token. If you stake 200 DUO you receive daily Hive dividends and a curation on your quality posts once a day. For those who stake 500 or more you are able to tip someone else's post with some DUO, in return you receive the same amount of the tip in your account as well. The more DUO you stake, the higher your daily dividends.
My current holdings: 2,036
Goal completed as seen above!
We are preparing to launch our onboarding campaign in Venezuela shortly, growing Hive with new members who remain active is at the heart of DUO. It's going to be exciting, hopefully we get a great response and we will keep you posted.
If you haven't started to invest in DUO, you can use these links to get started:
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
PAKX
I really like this project, and it's one I only recently discovered. The token is backed by actual Hive which is important. It offers daily liquid Hive dividends once you hold more than ten. It also gives you the ability to tip and receive curations on your quality posts as well.
This is a growing project and more PAKX is produced only as there are at least two Hive to back one new PAKX. In the future the number of Hive backing each one will increase as well. I am currently delegating to @pakx to earn more tokens daily, it's slow growth but that's OK with me! To reach my goal I will need to buy some more in the coming months when the price is right.
Goal: 100
Currently held: 66.283 (66.3% complete)
EDSI
I have made a big strategy shift here, instead of buying tokens I'm delegating 2500 HP the @eds-vote . I made this move to maximize my rewards, plus it pays out some EDS tokens as well so my stack will continue to build. I should make this goal much more easily now!
EDSI: 155.9 (77% complete)
Goal: 200
The team that created this token have a strong history of success and stability. Plus you get liquid Hive dividends once you hold more that 100!
CCD
I have over 500K CCD staked and am slowly increasing that number. For holding the 500K I can claim two free HSBI every week which is a nice perk. Those with one million staked can claim a free HSBI daily, I do plan to get there but I'm not sticking to any schedule right now. I will likely make buys when the price is right. Also those who hold 100K can claim a free HSBI every month. I do delegate HP to @cryptocompany to earn free CCD tokens as well.
CCD currently held: 531,000 roughly
@powerpaul who runs the @cryptocompany is putting together a new tool that looks really nice, it's called FLEXNet. It will allow users access to some powerful tools to manage their accounts and create as well. I can't give out details yet as I'm sworn to secrecy, but it looks awesome!
Precious Metals
Things are very exciting for those of us who invest in precious metals. The most exciting metal currently is platinum, and unfortunately, I don't own a whole lot of it. There is a large market shortage that doesn't look like it will be resolved any time soon, and prices just keep climbing up the charts. Just look at the the last five days on the chart below:
The year to date is even more impressive. I'm going to start looking to invest some more in this metal!
Another metal doing well is silver. It is poised to pass through $40 per Troy ounce very soon. To think it wasn't long ago it was only $16 per Troy ounce... I wouldn't be surprised to see silver at $50 come New Year's. Demand continues to surge as more governments invest in metal stocks and it's also used industrially. This is a great place to invest, I have been since I was a kid!
Silver over the last five days:
Gold is another great place to invest. I still think it is headed for $4,000 per Troy ounce by the end of the year. I've seen some people claim it's headed for $25,000 by the end of the decade. I'm not sure I buy into that claim, but it's interesting that it's even being discussed. Gold is a safe haven for investors and will always have value, and with the world being as messy as it is right now this is a pretty safe bet.
Charts from kitco.com
Each week I like to showcase some good deals on metals, I've only done silver and gold so far. But with platinum performing as well as it is I decided to choose a product made with platinum. This is the Valcambi one gram bar of .9995 pure platinum.
From APMEX.com
Right now they are priced as low as $72.51 at the time of writing. Buying individually they are $74.51, it's a great way to get started investing in platinum if you don't own any. Valcambi is a very well known and trusted precious metal producer, and these are nice little bars!
Investing in precious metals is a great way to build wealth and has been for thousands of years.
That will wrap up this edition of #saturdaysavers . Please feel free to leave any questions or comments below. I want to thank each and every one of you for all of your support, I greatly appreciate it. Have a great weekend everyone!
References:
https://www.coingecko.com/en/coins/hive
https://www.coingecko.com/en/coins/bitcoin
https://www.apmex.com/product/85345/1-gram-platinum-bar-valcambi?19782942=4
https://www.kitco.com/charts/silver
https://www.kitco.com/charts/gold
https://www.kitco.com/charts/platinum
Disclaimer:
I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!
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