XV Token Weekly Update | 97 Weeks Remaining - First manual Basket Rebalance

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.

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Basket of 15 Cryptos as of //2023

Been a crazy week for crypto this week with XRP mooning and bringing the rest of the market with it. I have done 2 rebalances this week, more details at the bottom.

You can see that things are looking a little more even this week compared to last week. Fees for swapping on the trust wallet are expensive, to say the least. I'll be needing to connect the Binance account and withdraw out, do whatever swaps I need and then deposit again. More work but way less fees and 100% worth the time. 20-30 mins transferring crypto around to save $50-80 to do a few trades is well worth it.

BOOM, back to 1.08 HIVE per token, just like last week never even happened. It's like we have been floating around at this range between 1.02-1.10 HIVE from launch. I guess it's only been 11 weeks so far and were just over 10% the way there so lots of time left and a BTC halving before cash out.

Same as the token price chart, we've pretty much pulled back everything we lost last week. If you look, you'll that weeks 7,9 and 11 are the same. Weeks 8 and 10 seen big drops so maybe next week will not be great. Lets break the cycle!!

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Round Up

Did a bunch of swaps and rebalanced the basket as best as I could. Using the Trust wallet is....not great. As mentioned above, it's expensive. We're not able to swap any token with any other token. We can swap erc-20 tokens with other erc-20 tokens for about $5 per swap but can't bridge between tokens. This means crypto holdings like ADA, BNB are MATIC need to be transferred to Binance and be swapped and then sent back. I was going to buy $37 of ETH but the fee was $51 so I just left it.

With that all said, all our basket allocations are within range and the basket is balanced once again 😏

Im going to predict we take a small hit next week, what do you think?

Thank you for taking the time to check this report and stay up to date with your investment.

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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