XV Token Weekly Update | 73 Weeks Remaining
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.
Basket of 15 Cryptos as of 02/01/2024
I was looking at the markets yesterday and just had a feeling that it was time to rebalance the basket so that's what I did and now things are backish in order. Please check out "Starting Position" and compare it with "Current Position". Checking this out can show you how well or how badly that crypto is doing compared to the others in the basket with a 2-second glance. You can see we started with 19.42 SOL and now we hold 8.72 so we know it has performed very well because we've had to sell some. On the flip side, we can see we started with 45k SHIB and now we hold closer to 61k SHIB so we know this has not performed well and we've had to buy more.
Ohh 2 more things quickly. I swapped BNB with SOL so now SOL is a 2nd tier token and BNB is a 3rd tier token. Lastly, I never rebalanced Optimism because it's been running hot and I can't help to not take a punt with it and let it run.
You can see the above chart is looking tidier this week and you can almost see the 4 tiers running BTC>ADA, SOL>DOGE, MATIC>SHIB, QNT>LINK. The basket was worth $10,700 pre-rebalance, $10,750 after the rebalance (somehow) and today we popped our heads over the $11,000 mark. It feels good to have locked in the gains we got from SOL and ADA. We'll maybe go back into 4 figures again but im not too worried cause it'll be short-term.
The liquidation value of XV tokens this week is down 0.008 HIVE to 1.67 HIVE. We've had a good run the past 10-11 weeks so it's possible we'll soon see a dip, it really depends on what HIVE does. HIVE's not really pumped in a long time so its due a wee 10-15%+ day, maybe im just hopeful 😝
We take a small hit of 160 HIVE value this week. The basket has grown in value by 7000 HIVE since we had our last negative week on week 30 so dropping 160 out of a 7000 gain is a cheap tax in my eyes. It will be interesting to see how we finish next week.
Round Up
A productive week with getting the rebalance done. It took me about 2 hours in total with alot of that waiting for transactions to complete. I have a nice system now and can get it done fairly easy and cheaply. I connected my Binanace account to the trust wallet and this lets me deposit to the trust wallet from my Binance wallet in the trust wallet app. I can not deposit to Binance from my trust wallet but being able to withdraw helps massively and removes human error of entering a wrong address or blockchain. Most cryptos have 3-4 versions (ETH, BNB, MATIC, SOL, ARB, etc) and you have to get the right one.
I have no idea what the cost was to be honest because I think I rebalanced during a small pump. The withdrawal fees from Binance to Trust were expensive for alot of tokens, BTC was like $20, ETH was the same, DOGE and SHIB were both around 20% of what I was looking to withdraw and SHIB had a tiny small 8 million transaction limit. I did both DOGE and SHIB as manual withdraws which saved about 90% of the withdrawal draw for DOGE, SHIB was the same cause its ERC-20 so around $20 again.
Could our basket hit $20,000 in 2024?
It's possible, im already eyeing up a few new tokens that have entered the top 50 over the past few months just incase something falls in the basket falls out of the top 50 and needs replaced. New tokens will pump much harder than older tokens. SOL is pumping like crazy but this is its 2nd market cycle and it could 10x but it'll not 100x cause it's an old token by crypto standards.
I expect the markets to dip for a few months before the BTC halving happens. When I say dip, I mean maybe $37-38k BTC and maybe 30-cent HIVE. I'd guess after 1 decent dip/correction, it would be time to take your seat and strap yourself into the rocket ship, the time to prepare will be over, time to enjoy to ride.
This BTC ETF with institutional money buying BTC and holding it for decades, sucking up all of BTC's liquidity will change the game. Consider this event to be equivalent to an IPO where we are the angel investors of Crytpo and the IPO is Blackrock releasing a BTC ETF. There will be plenty of money spilling over into other cryptos that create ETF's. ETH I think would be next so buying some now before the sheeple might be a good idea. Which ones? Thats the trillion-dollar question. In 5-10 years, people will talk about pre-EFT BTC holders in the same way we talk about pre-2011 BTC holders today.
Thank you for taking the time to check this report and stay up to date with your investment.
| 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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