RE: My CENT Story in Time of Crypto Crash
You are viewing a single comment's thread:
Hello. Thanks for sharing. And we wish you success in your investment journey. We wanted to fix one thing: Cent management did not sell any Cent. On the contrary, we bought some from the Hive/Cent liquidity pool and added more liquidity to the Cent/CentG liquidity pool. During this period, Cent did not lose any value against Hive. However, with the Hive depreciating rapidly in a few days, Cent also lost value against the dollar. Cent is not an algorithmically stabilized token. Adjustments in the prize pool can be close to $0.01 with the strategies in the liquidity pool. This way it will take some time to adjust to the abnormal volatility change. However, do not consider the above mentioned as investment advice. Please spread the risk by diversifying your portfolio.
That is good to know that the CENT management is doing its best to stabilize CENT's price. I understand the impact on CENT of the decline in the market price of HIVE. No problem with me. My concern now is for me to start my comparative analysis of the tokens in my list in terms of their monthly yield. The $100.00 micro-investment per token will be my starting point. I also wish the success of the CENT project.