Sudden Spike: BeeSwap BXT token trading at 2.128 HIVE
BeeSwap is a DEX within the Hive-Engine ecosystem and its token is BXT.
BXT is currently yielding 45.8% as staking rewards as shown below.
What I want to draw everyone's attention to is the sudden spike of the BXT price, to about 2.1 Hive. Check out the end of the chart.
The spike is new. I am not sure what caused it. Let's see if its a sign of climb from here on.
The figure above is taken from this site (details in this post): https://cryptothesis.github.io/SMA_JS/LEO_SMA_v2.html.
P/S: This is not financial advice, and please do your own due diligence before investing.
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You might be interested in this post, @jacoalberts, @young-kedar, @vickvan, and @hankanon!
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I saw i nice spike in BXT yesterday, the only stopping me to convert to HIVE is the big gap (Ask was more than 3 HIVE and BID was only 2 HIVE). If the gap were not that big I would try to take it.
Right now it is:
Ask 3.6659
Bid: 2.1111
Better to wait when the gap is less wide... and the price is better. In the meantime rewards continue to drop from my BXT staking.
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Thanks for commenting. Did the APY for staking just go up recently?
!PIZZA
I began my staking recently, ending October, I saw it around 40% APY. I saw how the rewards were going up every time I re-staking BXT, so I am keeping growing up it.
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I gifted $PIZZA slices here:
cryptothesis tipped aljif7 (x1)
@cryptothesis(1/15) tipped @jfang003 (x1)
Please vote for pizza.witness!
BXT tokens are quite nice and I don't really purchase them off the market. Instead, I have some liquidity and they provide me some BXT tokens. I think at the current prices, staking it for the Hive dividends daily doesn't sound like such a bad idea.
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Yes indeed.
One unknown factor is whether the project has any advancing plans. Do you know?
!PIZZA
!PIZZA
I don't think BXT will be getting any advancing plans. From what I know, it's just sharing part of the fee generated from Beeswap.
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