Didn't I just post about LEO being like 13 cents?
Now its over 20 cents and basically 1 to 1 with hive
This is not something that should slow down anytime soon
Who can dump the price? People who hold LEO
Who holds LEO?
Well, a lot of people earned LEO through posting and curating
But all of these people can sell and it will be good for price
These people got their tokens through inflation
Now that the rewards need to be bought off the market we have seen what the new reality can do to price
Who else can sell LEO?
People who bought it
If they bought it recently and they sell we have to tip our hats that that
Hive is up over 10x in a not so long period of time. We cannot blame anyone for selling
Actually, when you think about it, half of all volume are sells right? I know technically no but still, selling creates volume and depending on where that volume is happening its actually really good for total metrics
When will you realizer that this is the new reality? The price of LEO will keep going up because that is how it is designed right now
Where is this buy pressure coming from?
For one, me, I will be using pretty much all of my hive rewards to buy up LEO
10 HBD of my rewards every month will go into premium, which is used to buy up more LEO
So by saying goodbye to 10 of my HBD I am saying hello to buy pressure which is good for my LEO bag
What is my LEO price target?
Funny enough, I do not have one. I can imagine people selling a lot of LEO at certain key levels, like 50 cents, 75 cents, 90 cents...
A lot of people will most likely want to front run the $1 milestone
I know for a fact a lot of you will sell some LEO at $1 which is why a lot of people might want to sell at 95 cents and 90 cents.. but then there are those who know about the front runners so they might front run the front runners at 85 cents... 80 cents..
This is why most tokens stall a bit before hitting certain milestones.
But one thing that isn't stalling is the system being grown from within, the buy pressure from certain activities will not stall and will keep going up, assuming volumes don't dry up to nothing
But once that $1 milestone is surpassed, the sky is the limit
Personally, I do not have any particular need to sell any.
I might sell 100 Leo for $100 just so I can buy an oz of silver and a nice big pizza.
But other than that my goal is to stack up 30K Leo power
I probably will end up getting more. I want to delegate more to @leovoter I think I have 100 hive delegated, I want to outpace some of my hive goals and keep growing everything everywhere
one thing that is for sure is posting consistently and engaging with everyone genuinely is the name of the game
I was watching Leo founders on YouTube in the background and very impressed with how everyone is sounding and maturing as the years go on. Truly a great team that is gonna stick around to build something genuine and legit that should carry on for long long time.
I do not see rug pull I see slow and steady organic growth and with these new deflationary tokenomics not only will everyone on Hive need to wake up to what LEO is about but its when crypto markets in general start taking notice.
Gains are the best marketing. Green candles, people sharing their success, will be able to draw a lot of attention to have. How many of these people turn into full time users is something to keep an eye on. Seems like we should attract a type on user who wants to have a platform to create content, share their thoughts and grow a nice little bag of crypto.
Posted Using INLEO