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Daily CUB Report | CUB Reaches a New APEX by cubdaily

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hive-167922 · @cubdaily · (edited)
$22.13
Daily CUB Report | CUB Reaches a New APEX
![image.png](https://images.hive.blog/DQmeqKVcy3r9cJWM7LMfE38mLQBXFXgVWAFS4KZTs7JxsUE/image.png)

CUB is outperforming the crypto market. We're seeing volatility spike once again in crypto - BTC hit $20k and then quickly dropped to $18k and has leveled off once again at $19k. 

What does this mean for the market? Nobody really knows. We're at the mercy of the global economy.

One thing that I have grown to love about CUB is that CUB don't care what the market does. The CUB Price does not seem to have any direct correlation to the price of BTC and the broader crypto market.

Instead, CUB benefits from - as the team calls it - **volatility harvesting** - this is what I find fascinating and a game changer for CUB. Read the Focus of the Day to Learn More about my thoughts on CUB.

Follow along as I report daily on @cubdaily 🙏🏽

## Focus of the Day

My unfiltered thoughts on CUB and the broader market: I think CUB has reached a new apex. We're seeing volatility hit the crypto markets and this is leading to a lot of Multi-Token Bridge revenue. This bridge revenue quite simply means that more and more CUB is getting burned as the markets become more volatile. 

This is fantastic! It means that in any environment, CUB is getting burned. If the markets go down, more CUB gets bought and burned which means the CUB price goes up.

If the markets go up, more CUB gets bought and burned since trading volume increases drastically. 

If the markets trade sideways, then less CUB is getting bought and burned but there is still enough getting bought and burned for the CUB price to slowly grind upwards - provided escape velocity is in place and enough MTB revenue is coming in to outpace selling pressures.

Right now, it seems that is the case. More MTB revenue than CUB getting sold each month = a higher average CUB price from month to month.

If we keep this pace of growth, the Multi-Token Bridge will continue to accumulate HBD and HIVE which means that the revenue will continue to increase

## P/E Analysis of CUB

Here's a new section I'm trying out. I decided to run a P/E analysis of CUB using data from each Monthly Burn Report posted by @leofinance. Check out the first analysis I ran and leave a comment below with your thoughts.

Keep in mind that a low P/E ratio is good. It means that the revenue that CUB is generating each month is increasing faster than the CUB price is increasing (more revenues earned per share of CUB). 

![image.png](https://images.hive.blog/DQmbbKShfgUz2UeNemCe3EZjNC5Kcgnb89CpNNwnRv4cgXi/image.png)

## CUB Token

![image.png](https://images.hive.blog/DQmRhMdYBZo8Dd3zxiLe5cVj4pECXQ7YDyqvKSD6LEdi8yi/image.png)

- **Price:** $0.02278
- **Total CUB Supply:** 18,008,964
- **Total CUB Burned:** 1,143,549
- **Total Market Cap:** $407,424
- **Total Value Locked:** $1,442,674.86

[Data Sourced On-Chain](https://bscscan.com/token/0x50d809c74e0b8e49e7b4c65bb3109abe3ff4c1c1)

## Multi-Token Bridge Stats

![image.png](https://images.hive.blog/DQmajXoJZGiKooDMo24cACC2L6NWaEz8eDB4Rw8vJ9A42W2/image.png)

- **bHBD-bHIVE:** $103k
- **bHBD-BUSD:** $257k
- **bHBD-CUB:** $123k
- **bHIVE-CUB:** $123k
- **Total**: $606k

[Data Sourced On CubFinance](https://cubdefi.com/farms)

## CUB Burns

![CUB Token 2.png](https://images.hive.blog/DQmQ8MJUi25CTCoEgqipzXeFHyCVcyYVsW5PQzxNMw51Gkg/CUB%20Token%20(2).png)

The CUB Burns are quickly approaching 1.5M CUB! 3x as much CUB as was burned in the first 18 months burned in the first 3 months of the Multi-Token Bridge Going Live!

![image.png](https://images.hive.blog/DQmSzydGdqfsjk3H4bqKFa7Ph94XbVhWfbtLTta1hUA6MuU/image.png)

## Further Reading:

- **Latest Reports From this Account**: @cubdaily
- **Latest CUB Burn Report From the LeoTeam**: https://leofinance.io/@leofinance/cub-monthly-burn-report-or-september-2022-317k-cub-bought-and-burned-45-yield-on-hbd-and-hive

## About CubDaily

I'll be using this account to report on the CUB stats each and every morning. Together we'll track the growth of CUB under the completely revamped ecosystem that LeoTeam has built called the Multi-Token Bridge.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cubdaily/daily-cub-report-or-text)
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vote details (342)
@abu78 · 
This is a great report and analysis from you, yes as BTC being the dominance currency, anytime it spikes the altcoins do follow as well, so in as much there is a bullish in BTC price then we hope for a significant rise of the CUB token. Thanks for this update.
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@claudio83 · 
@tipu curate
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@tipu · 
<a href="https://tipu.online/hive_curator?claudio83" target="_blank">Upvoted  &#128076;</a> (Mana: 6/36) <a href="https://peakd.com/hive/@reward.app/reward-app-quick-guide-updated" target="_blank">Liquid rewards</a>.
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@hivebuzz · 
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