October 6th 2021 - CUB Is Now Where HIVE Used to Be

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HIVE has made one of those spectacular upward moves that makes life in the cryptosphere so special with HIVE hodlers having the value of their bags nearly doubled overnight. This event coincided with Bitcoin again crossing psychologically important price barrier of 50000 US$, making the idea of Christmas with six-digits price of Bitcoin more likely than short time ago. Consequently, altcoins are widely expected to follow suit and move upwards, perhaps even more spectacularly than they did at the end of 2017.

Current euphoria represents sharp contrasts to months of stagnation caused by well-coordinated FUD. Yet, hodlers of certain bags are going to have their positive feelings about crypto market tempered by their own negative experience. That includes CUB, which in few months of its existence performed like the altcoins perform during the bear market. CUB was steadily going down in value and behaved like the upward trends don’t exists. When great-grandaddy Bitcoin went down, CUB sank with it. When Bitcoin went up, CUB stayed at the same level or even continued to sink.

Although this doesn’t appear to be something uncommon to DeFi tokens, performance of CUB is very frustrating. Yet, it isn’t something that unfamiliar to HIVE hodlers. For much of its existence, HIVE was going down in value or staying the same while Bitcoin and other major cryptocurrencies went up. This is the same pattern that CUB shows right now and it isn’t beyond reasonable expectations that CUB would one day make surprises as pleasant as HIVE is doing now.

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