Daily CUB Report | CUB's Price is Grinding Steadily Upwards... The Moon is Coming?
The name of the game is up and to the right... We're seeing up and to the right action all across CUB Finance at the moment. The multi-token bridge is surging upwards in terms of total value locked.
We just surpassed $675k, this marks yet another milestone increase for the MTB.
Additionally, bHIVE & bHBD total liquidity continues to climb closer and closer to that $750k target that the team has set for the interim. I'm very excited to see us grow the MTB to those levels and beyond.
The October Monthly Burn report is set to release tomorrow, November 1st. This will give us insight into wrapping volumes, arbitrage volumes and oracle staking rewards.
So far, this is set to be the biggest month yet in terms of revenue for the CUB DAO. I can tell this by simply watching the daily burns - they've increased dramatically from September to October.
Follow along as I report daily on @cubdaily 🙏🏽
Focus of the Day
Here's something crazy: the CUB price, actually increasing!!!
CUB is holding steady and we've all long-awaited a day when CUB is increasing steadily in value. Not only is the price increasing, but market cap is steadily rising.
This is a very healthy sign. Combine this with the P/E ratio and CUB screams value stock. Buying CUB at these prices is an absolute steal.
CUB has literally turned itself into a blue-chip value dividend stock overnight since the release of the Multi-Token Bridge. The revenue to market cap ratio rivals even the steadiest of companies on the S&P500.
P/E Analysis of CUB
Here's a new section I'm trying out. I decided to run a P/E analysis of CUB using data from each Monthly Burn Report posted by @leofinance. Check out the first analysis I ran and leave a comment below with your thoughts.
Keep in mind that a low P/E ratio is good. It means that the revenue that CUB is generating each month is increasing faster than the CUB price is increasing (more revenues earned per share of CUB).
CUB Token
- Price: $0.02432
- Total CUB Supply: 18,250,184
- Total CUB Burned: 1,379,799
- Total Market Cap: $445,705
- Total Value Locked: $1,546,122.27
Note the TVL Growth: nearly 50k growth in just 5 days!
Multi-Token Bridge Stats
- bHBD-bHIVE: $164k
- bHBD-BUSD: $247k
- bHBD-CUB: $127k
- bHIVE-CUB: $142k
- Total: $680k
The MTB TVL has skyrocketed lately! We're nearing that $750k milestone... Very quickly!
CUB Burns
.png)
Some massive up and to the right action on these burns. Chalk this up as things you love to see. We're seeing the DAO soak up the incoming CUB supply. These burns have grown exponentially in recent weeks as the Bridge continues to mature. Watch @leofinance as they should be posting the full monthly burn report tomorrow, November 1st.
Further Reading:
- Latest Reports From this Account: @cubdaily
- Latest CUB Burn Report From the LeoTeam: https://leofinance.io/@leofinance/cub-monthly-burn-report-or-september-2022-317k-cub-bought-and-burned-45-yield-on-hbd-and-hive
About CubDaily
I'll be using this account to report on the CUB stats each and every morning. Together we'll track the growth of CUB under the completely revamped ecosystem that LeoTeam has built called the Multi-Token Bridge.
Posted Using LeoFinance Beta
Congratulations @cubdaily! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 3000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
that slow climb grind but at least it's moving in the right direction 🙌