Second layer tokens are feeling the heat

I'm coasting through life one day at a time, as I always do, and consistently chasing the good things to improve my lifestyle. That journey led me to hive and life has become much better than it used to be.

A major reason for this growth is my investments and earnings from second-layer tokens on Hive. These tokens within the platform have grown into my major source of income and even as the market hasn't been kind to them, they've still been pretty helpful.

The year of tokens

2021 was undoubtedly the year of tokens for me. I realised a decent chunk of gains from holding numerous second layer tokens across different networks.

Outside of Hive, I have benefitted immensely from holding Cub tokens on Binance Smart Chain. In some way, it's a hive project but it runs outside hive, so it isn't.

Anyway, when the project kicked off, I was able to pull out decent gains that were then reinvested back into other areas. One area that greatly benefitted from this move was my Leo stake that I got on Binance smart chain.

I wanted to get more Leo state than I have now but things have gotten in the way. In the main time, I've been accumulating through posting and curating.

The amount of Leo stake I have now was largely due to purchases I made on Cubfinance. The purchases were facilitated by my farming activities.

At the time of writing, cub tokens haven't really been hitting the highs I honestly expected it to be in by this time. However, I have to at least be grateful that for the most part, I've been able to earn consistently throughout the year.

At this time of the year, I had hoped that we'll see Cub tokens trading over $2 at least and bringing home the goods for daddy. Sadly, it wasn't the case and we're hovering around 40 cents.

When $5 Leo?

As I mentioned earlier, I stacked a lot of Leo tokens from my farming activities. I'm currently curating with approximately 11K leo power and that number rises every day.

Leo has been stagnant for quite some time now. It has sustained an average rate of anywhere between 25 cents and 35 cents for most of the year.

I had high hopes for the token this year but things haven't gone to plan yet.

Splinterlands is being cooked

Leo and cubfinance have been largely rewarding but nothing comes close to the amount of money I've made from Splinterlands this year.

The meteoric rise in the value of assets across the game has actually spoilt me.

At the time of writing, we have DEC trading around $0.005 and I'm bearish. Around this time last year, this value was the stuff of dreams.

Sadly the damage has been done and now we have to live with the situation. We're now trading at numbers not seen in months and it's making a lot of investors uneasy.

DEC has been excellent so far but SPS tokens that many thoughts had a ceiling of 18 cents is trading at 20 cents and that's quite depressing.

For me, the problem is not where we are right now, the problem is the potential of falling even lower.

I guess we could say that on one hand, it's an opportunity to stack more tokens. This is huge for anyone that's looking to take advantage of price and also earn more vouchers in the last couple of days left in the double bill voucher airdrop.

Finally, we've also seen SPT price tank since the previous highs it set. However, just like DEC, it's just about perspective.

In Summary

Generally speaking, all the assets are taking a beating and it's not really nice to look at.

The NFTs in my portfolio have lower floor prices, numerous tokens have lows unseen for months, and it kind of feels like a reason to panic. However, there's a silver lining for the long sufferers.

If you've been around for a couple of months, then you'll know that this is all part of the process. However, you'll also be in green because you've experienced worse times than now.

Tokens are taking a beating and that sucks but it's not the end of the world. There's still hope for an 11th hour miracle and this might just be the final window of opportunity to get some tokens before the spaceship heads for the moon.

Contact & Support

• Discord: belemo#9593
• Twitter: https://twitter.com/belemo__
• Hive.vote page

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