It didn't take for LEO to take the lead in price appreciation
Hive is an inflationary token. That means new tokens are created out of thin air used to reward posters and curators
LEO also used to do this.
But the moment LEO went deflationary, it changed the game
The difference between minting new tokens out of thin air to reward users VS buying coins off the market to give as rewards can be seen on the chart
The moment LEO went deflationary it made an over 10x move up
This move is in some part FOMO of people getting in early knowing what this change will do to price.
But really its the new reality settling in that is causing this price rise
The fun fact is that this price will continue to go up every time there is a new LEO premium user and as volume across at the DEX's picks up
I believe there is also AD revenue and soon a bunch of AI agents who will be eating up all the supply
This price should in theory continue to go up until someone says "ok, that's it, I can't take it anymore" and sells down the price
Anytime you see a red candle its someone letting go of their bags.
We shouldn't make fun or shame anyone for selling. This is crypto btw, most are here to yes build things but to make money
But when someone sells today it removes their ability to sell tomorrow
if you only have 10,000 LEO then you can only sell 10,000 LEO
When you run out of LEO then you can no longer negatively affect the price.
If you want to get your bag back you need to most likely buy back higher and cause those beautiful green candles we all love so much
Imagine that
LEO price goes up
I post about LEO price going up
I get some Hive
I use Hive to buy up LEO
LEO's price rises
Repeat forever haha
Posted Using INLEO