XV tokens by SPinvest offer a groundbreaking investment opportunity on HIVE. Investors purchased XV tokens during a 10-week sale and become owners in a diversified portfolio of carefully selected top-ranked cryptocurrencies.
SPinvest manages the portfolio, providing weekly reports for transparency. After a two-year holding period, investors can sell their XV tokens back to SPinvest for potential profits.
Backed by SPinvest's experience and reputation, XV tokens provide a simple and transparent way to participate in the crypto market's growth.
Basket of 15 Cryptos as of 07/11/2023
some really nice action this week. Cardanszo has mooned 17% and become our top holding for the first time. XRP performed even better and increased 18% this week and Solanszo is up 11%. I will need to convert some SOL cause it is currently over 30% over allocation and we need to top up ETH. The problem have ETH is getting it from Binance is easy but transferring it into our holding wallet is expensive. Other way, needs done. Oh and meme tokens have not done great this week, not down but bottom our gainers.
You can that SOL is currently worth more than everything in the tier (BNB,XRP,DOCE) above it. SOL has been on a hell of a ride the past 2-3 months and im almost tempted to just HODL it instead of rebalancing but rules are rules and they are there to reduce risk. SOL could be mooning, it probably will but by rebalancing, we're taking profit in a way and it's good insurance for if SOL pulls back 20-25% when this mooning is over. The $ value of our basket increased by around $600, about 10% from last week. A few more weeks like this and we'll be set up nicely.
HIVE increased by around 3% this past week which is cool but the big markets are pushing the market again and outperforming HIVE resulting in the basket being worth more HIVE. This has pushed up the current book price of XV tokens at 1.15 HIVE each, up from 1.09 last week. Ou peak was 1.16 so we're very close to a new time-high token value.
Up over 1000 HIVE in value this week, theres nothing wrong with that and i pray we dont see a massive pullback like we did starting week 18. I am hoping we are taking 5 steps forward and 4 back as we see-saw in profit/loss each week. With over weeks left, we have plenty of time to get into a solid profit.
Round Up
What a week! The market is going crazy and I have no idea why cause I've been busy with other stuff. I'd assume alot of people will think this is the start of the new bull cycle but I would bet against it and say it is still too early. Being wrong here is profitable so all good. I dont want to say fake pump with a correction coming toward the end of the year but I just did so...😂
With that said, it is exciting to see things pop off for a while and see the basket value moon. If we have another week like the past, i'd say that lower capped tokens will start to catch up and moon. When BTC increases 10%, HIVE could increase 30% but after a few weeks. Sadly the same is in reverse and if BTC loses 10%, HIVE could tank 30%. Its just because HIVE is a lower marketcap and its prices is easier to move. Throwing $1 billion into HIVE with its $130 million marketcap would send it to the moon like never before. Throwing a bill-ski into BTC's $675 billion marketcap, not so much, it would have no impact good or bad. We see this in traditional markets as well with gold and silver being an example where silver is more volatile cause its marketcap is 10x smaller than gold.
Anyways, we smashed it this week. Well the market increased a bunch and we are invested, good enough. Lets hope we see many more weeks last this.
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| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDS |
| EDS mini miners | @eddie-earner | EDSM |
| EDS micro miners | @eddie-earner | EDSMM |
| CUBlife | @lbi-token | CL |
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@dbooster, @eikejanssen, @thatcryptodave, @curatorcat.leo, @siddhartaz, @ammonite, @hoosie, @cryptosimplify, @shanibeer, @samsemilia7 toward the end of the year