Cub Performs well despite dip in market after CPI report

Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, finally much awaited Consumer Price Index report has been rolled out. Current number is 8.3% which is less than last month but pretty higher from the expected 8.1%.

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One of the reason of slight dip in CPI from the last month is due to continuous dip observed in oil prices. However, dip is not enough considering the dip in oil prices. Almost 10% dip observed in oil prices during the month of August.

Crypto market stumbled just before publishing of CPI report. Crypto market observed almost 5.15% dip in last 24 hours. At the time of writing global crypto market cap is around $1.01 Trillion. Almost $50 Billion wiped out from the market in less than 4 hours.

Red color dominance observed in market. Majority of coins observed dip today. Top Notch coin like BTC and ETH observed 6.33% and 6.15% dip respectively. On such big dip, Cub performed well.

Cub coin observed just 1.23% dip in last 24 hours. One of the reason of Cub low dip is due to its attractive farming pool which are offering decent reward on providing liquidity.

BHBD-BHIVE new pair on Cub farming has surpassed $55,000 liquidity. It is just the beginning of Cub. The other reason of stability in Cub worth is that it has already observed massive dip of more than 99.5% dip from its all time high worth of $4.73. Such a big dip make the coin a gem which has massive potential.

Features like buy back, burning and other upcoming feature will definitely help to give coin strength. Good time for investment in Cub.

Overall, the cub showed stability despite high inflation rate and interest. one can say good buying opportunity. What is your opinion? Do you believe it is a good time of buying?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.

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