RE: LeoThread 2025-04-28 15:13
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Serious Question....
The LEO token was once at $1 and surpassed the price of HIVE at the time. So my question is, how and why did it reach $1 (outside of it was during a bull market) cus it could be .25 now if it passed HIVE again.
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my unpopular opinion was that people were fired up because it was an actual #web3 platform. the community was buzzing, lots of activity and it was 'cool' to be active.
now it's all bots and AI. i think $LEO does best when it sticks to keeping things simple and being such a useful tool for people to use daily.
Yeah all the AI spam without posts you can engage with is maddening
it is....takes away from the core of what this platform was designed to be
Makes sense man!
Leo will surpass Hive price once and forever.
Inquiring minds...
I would like to know also!
low supply helped drive up the price along with bull market FOMO.
Supply and demand.
I think it was when the bull market was there and $CUB airdrop was coming. The site is much better now but needs revenue to fund the token price.
A token's worth is it's accepted buying value. If more people are willing to sell it at less than a dollar than are willing to buy it at less than a dollar, then it's value is less than a dollar. Also, the need for a token is key.
If there is no acceptable use to a token, save to store value in, then it will not have much value. If the token is required for a desired purchase, then it gives the token value and meaning, balanced by the price of the product or service
Why would I have a pocket full of US Dollars if there was nothing I could exchange them for that I wanted? I've always argued that token issuers need to produce a demand for their tokens.