LEO having a massive pump in the last one month
Everybody is talking about LEO tokens now. I already saw a lot of articles. I had a look at the chart on Hive Engine, and I was surprised. Ever since 2.0 was launched, LEO has been having a very good time. They stopped inflation, and they have been buying heavily from the market. The liquidity is decreasing as most people have it staked. There may be some people who are booking profits right now, but it can be wise to hold off for a bit longer.
The team believes that the price can even surpass the price of Hive, as there is a huge demand right now for the tokens. I don't know if people are buying out of FOMO or if the buyback strategy is working. They had mentioned that the revenue from leodex is being used to purchase the tokens of the market. This also means that the exposure is going to other changes from Hive. I don't know if this will bring more users to Hive or not, but there is a high chance that the value of LEO can increase thus increasing the value of Hive too.
To be very honest, LEO is one of the sidechain projects that lasted for a very long time. There have been so many Up and down situations in the last 5 years. In spite of all those things LEO is still standing, and they continue to keep building, ignoring all the negativities and focusing more on giving something good to the community. We should also talk about the failure projects that LEO had. So many failures but today by looking at the market on Hive Engine, I'm very happy that LEO is finally having a very good time.
I wouldn't say that this is the right time to invest for people who are just getting started on LEO or people who would like to make use of the opportunity but I can say one thing that the long time investors might soon have the best time to book their profits. We don't know when this massive pump will end or whether it will end or keep going but as far as I know when the value becomes good, it is good to book some profits and when people start booking profits, there will be a short dip in the price but looking at the current demand, I think it shouldn't matter much.
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Posted Using INLEO
It would probaby continue for a bit
Obviously it can't keep going up forever, but it's indeed a big pump for now, unexpected
Why do you say unexpected? Everyone following Leo news saw this coming.
It has been huge, I expected some pump but that's a lot
Seems like it is getting stable now. Not bad for first pump.
This is great. That means the coin will still perform much more very soon
If the team keeps up the momentum and demand stays high, this could just be the beginning.
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May be it will recover our losses....
If you feel that way, might be a good opportunity to sell some LEO and recoup some money for you :)
Yes hopefully.
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leo will grow a lot in the next days :D
Looks like it is stabilizing.
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It may do well in the long run due to the deflation, but like you said it's always best to book some profit. DCA In and DCA Out always
actually this will not help the Hive price at all.
Leo has moved to native on Arb.
LeoDex has no support for Hive bridging that it once had.
You can believe all the hype of the team for the price and the large stake holders.
But I would advise anyone that has even 10 Leo sitting idle. Take some profits now.
Tokens are being unwrapped from Hive Engine as we speak and moved back to the native Arb chain.
This does nothing for Hive.
Only way it can help Hive is more people from outside the chain realize the value of LEO and onboard to Hive.
yeah not going to happen.
Need collective effort. Can happen if 1 post is made everyday by 1 user each everyday on platforms like X.
7 years of failure proves this will never happen
Wow, this is great news, the hive blockchain has many potentials and investment pipes, I pray the Leo token gains more value
Personally, I feel the price of Leo will continue to grow. I know the pumping marathon will soon settle but it will be followed by a gradual stamina growth. Still an open opportunity for new investors, the idea is thinking long term especially when rewards are also added up
Well said. I am sure this will happen. Not only 100+ users who understand the potential but also Accounts like @leostrategy continuously buying from market will help LEO increase in price.
Yeah, that does look pretty impressive. I haven't looked on Hive engine for a while so didn't notice the rise.
There is one thing that is both a negative and a positive of the #inleo management team is that they pivoted MANY times both successfully and unsuccessfully (Defi, etc..).
But they stick around and keep trying to find use cases for the $LEO token and I appreciate that.
I believe they could have built a better platform than #Hive if they stayed only focused on that mission but who knows!
I have a problem understanding leodex. Before I saw my Hive wallet. How can I transfer my LEO on the Inleo wallet to LeoDex?
this is very interesting