1 Week in Sphere Finance — Already 2x My Investment
My Private Discord &Gumroad Group🔐:
How I went from this
To this, in a week!
A week ago I invested $292 into Sphere Finance, purchasing a token amount of 5,200 $sphere.
The daily ROI on Sphere is 1.91%, so I was making roughly 100 $sphere per day. The token price was around 0.05 then.
Now I have doubled my investment and making $11 per day.
So what happened, how did we go from 0.05 to 0.1 in 7 days?
Short answers; Hype.
Let me explain…
Jesse Eckel, 4 days ago made a video about the project explaining why he loves it and how much he has made from it.
Jesse has a great reputation, plus a huge youtube following of over 10k subscribers.
I tweeted this when I saw the video.
At around 11:00 am I saw the video. I recalled that the last time he made a video about another autostaking project (titano), it went parabolic in less than a week, 0.13c to 0.20c in a matter of days.
The same thing happened with Sphere. In less than 12 hours we gained 40%, and after 3 days the price has now doubled.
What’s next for me?
I sold around 40% of my position for $235 just to be safe and get back my ROI. Now I will feel more comfortable with compounding and taking profits here and there.
And because of the token price increase, I am making the same amount per day as last week, but with a $235 already cashed out.
I still like the project a lot, but I know that this pump was all due to hype. So anybody that is sitting on a massive 10–20x might start taking some profits.
We might see some resistance around the 0.10. If that happens we might see a small correction to the 7–8 cents, then we continue back up as the buying pressure remains.
Tips on selling
Because the project is so new and might be lacking liquidity, you might encounter some issues when buying or selling.
1- Set your slippage to 20%
2- Before confirming the transaction click on “site suggested”, and click on “aggressive”. Or just click on “speed up” after confirming, to have your transaction being first on the line.
Take a look at my spreadsheet! 😊 If you are into Defi and Passive Income, this might be the best tracker out there for you.
Check the docs and all the features 👇https://www.craft.do/s/B2aqlQL4FWrlt6
Link to buy the spreadsheet 👇https://defichronicles.gumroad.com/l/xwwln
Discord Group 🔐:
https://defichronicles.gumroad.com/l/nonayd
My youtube channel▶️:
https://www.youtube.com/watch?v=aurU-nghWLA
Let’s be friends on Twitter🐥.
@Defichronicles
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Disclaimer: This is not financial advice, I am just a guy with a laptop sharing his opinions and experience. This is for entertainment purposes only. Always Do your own research before investing.
