Last Week October What's New With Hive
Every week I like to do a recap of my own goals but also expand on that to bring news of new things going on in the Hive ecosystem.
So far I've had no luck getting my own node up and running. While I could most likely automate it with Privix server I really wanted to learn how to do it on my own. Docs on this are either 7 years old or are so non step by step it's kind of ridiculous how hidden it is. A part of me feels like this is done on purpose so there's less competition of node running and you really have to fish out people who are willing to teach you how to do it.
Anyways let's take a look at the price action of hive over the last week as I notice I forgot to do this last which I was pumped about my Zing Alpha Vial I picked up lol
Price action here has been bad. Touching $0.20 and then falling all the way back to $0.18. To some this might not seem like a lot but it means that hive fell 10% in just this week alone. It's really struggled for a while now and really has a hard time hitting above $0.20.
This is happening for a number of reasons right now in which the DHF and core hive node operators need to figure out. However I don't think there is much care to be honest with you and I don't expect changes.
The first is a hyper inflation of HBD at 15% which pays out MORE then if you actully actively use the platform. This 15% inflation is also being heavily converted into Hive which is starting to create an over inflation of Hive which will only get worse the longer it continues on.
We also have crazy amounts of over spending by the DHF right now on projects that are contributing NOTHING to hive. In particular rally car is extremely expensive and is doing nothing for hive besides being a complete drain on the economy. There's others we could do without as well but that's the most glaring thing that we should be addressing right now. I know people will say but what about Splinterlands or what about this or that. Sure, but let's focus on removing at least one of these major sinks right now otherwise we are not going to get anywhere.
Goals
$HIVE
Goal: 250,000 Current: 119,674
Week over week we added in another 471 hive which is a solid move for the week putting me at a little over 67 hive per day that was powered up. The goal here is still to be a 100 hive powered up per day at least which is actully not that much at current prices $18 - $20 daily would be that contribution so it's pretty wild we are only at half that $9 - $10 a day through everything I currently do on hive. That's a big reason why people are not sticking around. I spend HOURS on hive every day and have a decent stake in the game and earn what I make in about 5 minutes or less with my business so yeah lol.
HBD
HBD is more of a passive nature beats for me at the moment. I don't care to dump 100k into it at 15% just to have the price of HBD fall to $0.95 or lower like it has been doing or a number of other reasons. For not I'm primarily focused on just passively building it from rewards in which that APR then will help offset nodes that I run.
$LEO
Goal: 150,000 Current: 148,465
Week over week we pushed another 403 LEO which is a little lower than last week. At that rate we would be looking at roughly three or four more weeks until
we hit the goal. That's still pretty good as that puts me ahead of end of year goal. After I hit 150,000 I'll most likely stop and instead put it into DeFi on a weekly basis. The reason is even at these decent earnings with leo only being about $0.02 - $0.03 at the moment I'm lucky for a full week to convert into $10 fiat at the moment.
IMO LEO needs to seriously start getting some revenue flows in here. There's always so much talk about it but still to this day we are not running ads it just blows my mind. At times I'll hear well it only made us $250. Well $250 at $0.03 is still 8,333 LEO that could have been bought and burned or something to push prices. There's simply not much going on with LEO in terms of tokenomics right now and to me it feels like they have really lost their way. No NFTs with perks from like over a year ago which pushed LEO price to $0.10. No ads which also go people excited to start building that and pushed LEO to $0.06 etc. All of these things that actully pushed the price of LEO has been tossed to the side for massive expensive projects that are producing next to nothing. My confidence in LEO right now is extremely low and I bet a vast majority of the old school leo holders feel the same. Let's get focused in building value in the token again leo team.
Splinterlands
Ah Splinterlands while it might not seem like there is much going on there actully is. For one my card asset prices are now up roughly 40% SPS is up about 30% from when I told you all to buy it at half a cent lol
Not only that but I've actully kick started a lot more land. I'm now pumping out roughly 24 of my 142 plots now which might not seem like a lot but that's around 5 plots up and running now and nearing almost 1 million DEC staked into land.
So growth here on Splinterlands is now moving and my plan is to get all if not most of my plots up and running by land 1.75 some time in Q1 of 2025 but I'm not holding my breath lol.
Posted Using InLeo Alpha
I'm glad to see some positive movements on Splinterlands. The next period won't be easy, but if they go over it, there is a chance to see some growth. If that happens, the confidence will return. With higher confidence from existing players and a reversal of the trends for assets, new players will be much easier to attract.
It does feel like Splinterlands is starting to have a more positive outlook. As long as expenses can be kept under control and at least some amount of growth it should be promising.
I feel you, I cant complain tbh because never thought my account would grow this much but watching the price sometimes just hurts, do feel that HBD interest should be lower than average gains for
I like your positivity about Splinterlands.
I am trying to figure out how to sell my land.
I tried registering it, and it failed, but now seems to be in limbo between registered and unregistered. Support at SPS Discord requires KYC which I am unwilling to do at this time. It's pretty disappointing.
Also, I don't like the new fee to play wild so I am not playing.
2000 DEC is unfair. I don't earn that much dec or sps to afford the price of entry.
Blamming it on the bots is a waste of time. The bots have always been here, nothing disuades them and penalizing the players is not fair. The leadership is out of touch, miniscule rewards and high fees to play.
This sucks.
Big moneied interests can pay anything, they are just hurting the little guys who have been with Splinterlands for a long time and like using our old cards.
Disappointing again.
I am also disappointed in the Hive price, and the DHF system appears to be paying for projects with no track record of improving engagement on Hive. It all seems like a HBD grab. Again disappointing.
I am waiting to see what this Dash Integration does for Inleo
Fingers crossed, but so far not a lot happening content wise from Dash Community.
October has been interesting, but so far no cigar.
Good Luck achieb=ving your goals, today I am a bit down.
Hoping for a better Monday
I don't think the DASH integration will do much of anything. Have you seen the track record of the LEO team in terms of under performance and non delivery over the last three years?
I can understand your feelings.
I have supported the project since Steemleo days on Steemit, and it has been a lot of good ideas, but so far, limited successes.
I was hoping that Inleo's multiple formats for posting and cross chain integration with Dash might be a winner.
But I have seen very little activity from Dash Content creators, and now that Dash has a second blockchain and user friendly names, they are creating their own path to a social media platform within their community.
So I am worried, this will also fail.
But...fingers crossed.