After the recent market bleed that happened, bitcoin tend to sustain at that level but CUB did not, we first had a little pump which was around +5% on a single day although this is not something usual for CUB, and if you check the candle that where it closed then the number is not that high anit closed with making a small body and long wikis, a little similar to dogi. Anyways, it is good that we received such an amount of volume in CUB and that is so because, for a developing project, such a great increase in the volume is a very good thing.
$37k is not much comparatively but again as I earlier said, we are still in the developing phase for CUB and there are many more things to come ahead featuring new let finance UI and arb bot 2.0 which can completely change the CUB's story, as per the data shared in the CUB's recent monthly report, arb bot 2.0 can increase revenue generation by 2-3x which is just going to be insane. The more revenue the more burning of CUB and ultimately more volume and price increment.
On the other hand, Polycub did not get any volume, as per coinmarketcap, it only received a total of $14 volume on December 18th which is not good at all but it is ok still because the day before that we did receive $1000+ volume. This can be covered as the usual amount of volume for CUB is less than 500 bucks so one day it had a lot more than that and the other day a lot less, it happens. Currently, the main focus is on cub due to the new changes we will b receiving by the end of December.
CUB, despite due the great volume also received the lowest NVT ratio of the month with an astonishing number of 10 which is better than the top coins in the whole crypto industry. Compared with BNB which gets around 60+ on daily basis, we are getting good and it will be heaven for CUB if we keep receiving Suchan's enormous amount of volume. Let's see when these times will come.
I feel we will be getting a little more downward movement very soon because bitcoin is currently sustaining at a thin-air position at which there is no support present noether some major levels and the major support level is at a little lower level which is around $15500, and if that happens there are chances for further price decline in CUB. I was having a dia with some support at $0.019 due to psychological support but if you look into technical major support, then it is around $0.018. I did share why that is so in one of my previous posts and it will be great if you check them out for further details.
Thank you everyone for your continuous support. Everything shared here are my personal views/opinions and should never be taken as financial advice. Everything here is just for entertainment purposes. You will be responsible for your happening. Be Safe, Be a Lion.
Posted Using LeoFinance Beta
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