The launch of the new Leo Dex, which is integrated into the cross - chain mechanism of Maya Protocol, will open a new era for the whole Hive ecosystem. The investors in Hive ecosystem are some of the lucky groups of people as the working system of Hive blockchain is based on producing both HIVE, an altcoin, and HBD, a form of stablecoin for the chain if the debt ratio between HIVE and HBD is below the threshold.
Depending on the market sentiment, Hivers / Hivians adjust their HIVE, HIVE Power and HBD portfolio to secure their investment or increase the risk and collect cheap HIVE before the bull market starts. Now, the two - sided investment method is going to have another dimension with the help of Maya Protocol.
With some experience, hedging your investments against the risks will be easier.
Altcoin -> Stable -> BTC Transition
The first option will always be holding the coins during ups and downs till the top of bull market.
The second option is based on adjusting the balance of portfolio between HIVE and HBD according to the market.
The third and new method brings Bitcoin into the game with the help of Maya protocol.
After the approval of Bitcoin Spot ETFs, the dynamics of Bitcoin has changed drastically. Regardless of the performance of altcoins, the dominance of Bitcoin and the flow of money in spot Bitcoin has become an exceptional phenomenon.
The dominance of Bitcoin has been exponentially going up over the last 2 years. To be honest, testing 70% domination of Bitcoin would not surprise any crypto investors due to the growth of spot ETF purchases so far.
When the market turns red and Bitcoin loses 1% value, the reaction to a negative situation in altcoins has always been more volatile than the price actions in Bitcoin. To hedge your positions, converting your assets into Bitcoin may not be the worst action if we consider the popular phases of crypto market cycles.
Similarly, USDT domination, or USDT + USDC domination, chart can also help you confirm your trading strategy in the short term.
The most recent touch to the long - term uptrend in USDT domination chart was the time Bitcoin hit the all time high level we tested. Thus, confirmation charts may provide you a chance to transfer your funds from Bitcoin + altcoins to stablecoin portfolio to partially secure your investment in the bad scenario.
Apart from these super positive sides, the trading fees or the slippage in transactions are other factors that investors need to calculate before jumping into a new position. Since EIP 4844 update made Arbitrum transactions as cheap as $0.01 only, I have no concerns in terms of the layer 2 projects of Ethereum mainnet. Yet, the " veteran " chains may suffer from high transaction fees that can affect your decisions directly.
To handle that , WBTC, WETH forms on Arbitrum can be a good pick for LEO and HIVE trades on Maya Protocol. As the old saying stresses, where there is light, there is opportunity!
What are your investment plans for the cross - chain Hive ecosystem?
Share your thoughts below 👇
Hive On ✌️
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