This will either make or break me for 2025.
LEO went on a crazy run a few weeks ago but I don't think that it's done yet. Not even close. I know that the price has dropped form 1.08 Hive down to 0.5 Hive since then but I did take some profits at the top. I took them and powered up some Hive to my account and then used the rest to buy back my original stake in Leo a short while later at almost half the price. It was just too big or a run not to cash out some and wait.
That was just some old holders powering down and taking their profits. It's a four week powerdown for the accounts that wanted to get out of the token so give it another week or so to shake out the weak hands and we should hopefully see some positive momentum again.
I'm still buying alongside some other diamond hands who see the future potential of the token and with @leostrategy all in generating funds and buying as much as they can I see a future where supply gets very tight and demand is constant.
Look at their wallet and the 17K Hive still left to be deployed onto the market with more coming every day.
It's constant and has been for quite a while.
All of the funds provided by the Leo community are taking tokens off the market, plus the majority of revenue from leodex will soon be added to that pot once they get their leo staked on Arbitrium and hold the lions share of revenue generating stake.
If leodex can continue to generate profits every week, then leostrategy will continue to buy tokens, every week.
I was on Solana for the memecoin madness last year and you can see how a small group of buyers that are fanatic about a token can drive it to the moon. Leo has that feel about it right now but it actually has a proper dev team, real products and a long history in the crypto space to make it last rather than a pump and dump.
THey have also built a nice little flywheel for us to grow.
- I powered up another 15K Hive yesterday and upped my delegation to leo.voter to 60K.
- That is paying me about 20 LEO per day at current prices.
- I've powered up that LEO and delegated half to lstr.voter.
- That pays me out in LEO as well.
- All of this is getting powered up and compounding.
- I have also added my entire LSTR balance to the liquidity pool and matched it with more LEO.
- That is earning me swapping fees and growing daily.
Then I can post about it all and earn some Hive and HBD. Guess where thos liquid rewards are going?? You guessed it. Buying LEO from the market and staking it.
That is just one medium sized account accumulating a scarce hard capped asset. If we get 100 people doing that daily combined with leostrategy buying daily it will have a serious effect. I know that the team is also bridging to base hoping to attract external funds for buying even more LEO but I'll hold my breath on that one. It's hard to gain attention on other chains but it could lead to more buy pressure. We'll see.
Either way I think that the sellers are running out of juice but the buyers are still slowly eating away at the markets making me bullish about LEO breaking past 1 Hive again soon.
Posted Using INLEO