Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. FTX collapse badly hit the crypto market. Crypto market which was above $1020 Billion before FTX collapsed fell as low as $790 Billion. Currently global crypto market cap is around $830 Billion.
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Red color dominated the market and majority of coins observed massive dip. There are few coins which maintained its worth despite market dip. One of such coin is Cubdefi native coin CUB.
Cub which was trading around $0.022 a month ago is currently trading at the same price. Coin show stability where majority of coins observed big dip. Maintaining stability is itself an achievement considering that $190 Billion wiped out from the market but it is good to see that Cub maintain its worth.
One of the main reason of stability in price is the introduction of multichain bridge which helped to burn more Cub from routine. As a result coin maintained worth. Another reason of stability is that coin has already more than 99% down from its all time high worth of $4.73. This make coin a gem which has great potential to rise again.
Cub has ability to achieve 50x in next bull run. So, it is good to accumulate as many Cub as we can. Bullish run will help to transform earlier investors loss into profit. Time to hold Cub to recover loss if you bought Cub at higher price.
After the introduction of buying and burning mechanism, multichain bridge and the way leofinance team is working hard on introducing new feature one can say Cub has bright future. Time to accumulate more Cub as keep your holding intact for the next bullish run. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.