What is Bitcoin's path forward?
Your guess is as good as mine. Bitcoin has been bouncing between $30K and $40K and at some point here it is going to decide if it is going to break the channel that it is in and start moving upwards or downwards. Only time will tell, I certainly won't tell you.
Why CUB looks so good!
The migration to CUB Kingdoms is nearly complete. There are 4 or 5 more farms that will be migrating to Kingdoms in the coming week (give or take... you know how these things go). Once the migration is complete, 15x(ish) more multipliers will be freed up for the CUB Kingdom, bumping it up from 15x to 30x. Currently the APR is 74%. This should (at least for a moment) double the APR of the Cub Kingdom.
On top of doubling the CUB rewards for the kingdom, there will also be BNB rewards distributed to the CUB Kingdom stakers.
Selling pressure reduction!
Many of the farmers that were not in on CUB were compounding the assets that they were farming. For example, ETH - BNB farmers would sell their CUB rewards back into the assets that they were farming, ETH and BNB. This would obviously put downward pressure on the CUB token. CUB's chart is telltale that there was too much sell pressure on it.
You can also see from this chart where Kingdoms started to influence the CUB chart in June.
Now, there is an ETH-BNB Kingdom that sells CAKE (as opposed to CUB) back to ETH and BNB. This means the farmers are still building their stake in their chosen assets and that CUB is not the asset being sold back into it. Instead of 6x, there is a 1.5x multiplier of CUB and ETH-BNB is autocompounded through the selling of the CAKE farmed on Pancake Swap. Now, there is far less CUB being rewarded to not CUB farms and far more incentive to stake CUB.
So, if farmers still want to sell their CUB into ETH-BNB, continuing the example, they are selling 3x less than what they would have been selling in the 6x farm and could stake the rewards for 30x Cub rewards and BNB. Sell pressure has been effectively reduced.
Kingdom incentivized
This is a major plus for CUB. With the current 15x Den, it makes a lot of sense to pool BNB or BUSD to get the 50x or 34x rewards as opposed to the 15x rewards. With the Kingdom bumping its rewards to 30x (ish - it remains to be seen where it ends up) and adding liquid BNB as a reward for staking CUB in the kingdom, there is a lot more incentive to stake the CUB in the kingdom.
What does that mean?
- Less CUB for sale.
What does that mean?
- Higher price for CUB.
- Higher APR's in the CUB - BNB and CUB - BUSD pool.
- A much more attractive investment wherever you choose to put it.
Where is the bottom?
I am not an expert nor one to give financial advice, but my take on this is fairly simple. The upward pressure will be too much for CUB once the kingdom migration is complete, once the extra multiplier has been shifted to the Cub kingdom and once BNB rewards are in place. Some of this will depend on where BTC decides to go whether CUB goes up against BTC and USD or if CUB just goes up against BTC but down in USD. Those are the two options I see. In my opinion, CUB is the most attractive asset to purchase at this time based on what is about to change.
This is just one guy speculating... don't forget that.
Also, don't forget the bonus!
CUB holders will be airdropped a token for the upcoming CUB-sister platform on the Polygon blockchain. So if everything listed above is not enough reason to be bullish on CUB, you will also get airdropped another token that should mimic the same tokenomics as CUB! To say this another way... holding CUB seems ultra bullish right now, and, you are going to get airdropped an equally (if not more, due to new Defi APR's) bullish token!!!
In the AMA on July 25, @khaleelkazi wouldn't divulge information on when the snapshot was coming. He did confirm that there will be an airdrop and that the Polygon DeFi Platform would be similar to CUB. This is another reason to be happy to be holding CUB.
Don't FOMO in just because I did
It is never a good idea to throw caution to the wind and sell everything and buy in on something. It might work out really well, but it might not. I have been wrong before and there is a pretty good chance that I will be wrong again. That being said, I have been buying CUB all the way down and am thinking about buying more in the next few days. I believe I would even be defined as a "whale" on CUB at this point (albeit a small one). I see too much opportunity on this one to play it safe. That said, I am holding positions in LEO, Hive, POB, BTC, Matic and a few others still as it is good to have eggs in different baskets. I have been, and may continue to increase CUB holdings in the coming days as I watch price as well as development.
I read an article by @taskmaster4450le where he mentioned one of Warren Buffet's suggestions for investing. Invest in stocks that you don't ever want to sell. CUB is that kind of project for me. APR's will come down as value locked goes up, but as value locked goes up, so does the trust in the platform, the buzz, and inevitably the price, which would help APR again. I see a lot of wealth being built in CUB and I want to be a part of that! Short term I could see CUB cracking that $1 mark it nearly hit when the Cub Kingdoms came out, and long term is anyone's guess. I could see $5 or $10 Cub as a baseline in the future. Again, just some guy with a keyboard speculating.
Longevity
Everything that I see going into this project is a long term vision. Defi platforms are popping up everywhere and it is tough to "compete" for investors in this market. Longevity ultimately will be the tell tale sign and everything DeFi is too early for that status to exist yet. That being said, in a year or 2, the platforms that are still standing, that still have investors trust and that still are a good place to park your crypto will stand out. The CUB family of DeFi platforms (because why stop with BSC and Polygon?) all connected by the LEO bridge will become, bit by bit, a real contender in this space, I can see it.
Conclusion
I missed the early days of Bitcoin. I watched the rise of ethereum from the sidelines thinking that it was "too hot" and was going to come down... nope. That was a lesson in the potential for gains in crypto projects. I feel that this is the very moment where there is huge potential for gain in CUB. Sure, bottoms are always maximum risk, maximum reward scenarios. I don't like calling bottoms as it could always go lower... but not much. With kingdom migration near complete, multipliers showing up on the CUB Kingdom and an airdrop coming to CUB holders for the Polygon DeFi platform, I am very excited to be positioned the way that I am. I am in the CUB elevator on the ground floor! I see only one direction.
This is not financial advice. This is me sharing my excitement for a project that I have been following since its inception. Please do your own research and make decisions that fit your own life circumstances and risk tolerance.
I look forward to your comments and to landing this elevator on the moon.