Why some Hive layer 2s are good investment option?
Another brief and random post from me.
What I expect to see in the bull market is this.
More interests on Hive and people will pour money into Hive. And they will discover Hive layer 2s such as $LEO and $LARYNX.
They will also find that they are lower in market cap and worthy of investing for the long term, if one sees that there are potential for growth as folks in the projects are still building these projects.
It's always good to scoop up some cheap LEO or LARYNX when there is potential for growth.
Furthermore, trading them takes little trouble and no complicated gas fees on Hive.
I think investment into LEO tends to stay in the system as people will power it up. Likewise LARYNX are staked and delegated for earning SPK tokens.
In short, most people will not liquidate these tokens. This is the crux, sometimes because liquidity is quite bad, and the spread is crazy wide.
Still, when the price goes very high, the advantage goes to people who have a huge stash of it and are willing to sell them to take profits. They may sell a part of it and still have skin in the game in actuality.
Investors in good layer 2 are like angel investors, if you get what I mean... and some Hive layer 2s are good investment option to consider.
What is the Brief Random Posts about?
Disclaimer: This is not financial advice, and you should always do your own due diligence before investing!
Posted Using InLeo Alpha
Layer 2 based Hive and LEO or LARYNX can be very profitable in the future especially in the bull market. These will bring good profit.
This reminds me to check the current pricing for LEO and LARYNX. I have some but may look to get more. My current hive-engine obsession is with the #PEPE family of tokens: PEPE, RPEPE and PEPECASH. I'm in them for the fun of it. Just collecting them and getting to the top of their Rich List.
Have a nice day! :)
I can tell you are having lots of fun with those! :)
Have a great weekend.
I think LEO and LARYNX are fairly good as level 2 tokens. I do think that liquidity needs to be there though and I know LEO is building that up. Is LARYNX doing the same?
Liquidity not as good as Leo definitely
theres jsut so much to invest but not money
ye for sure!
I'll definitely need to take a new deep dive into LEO !WEED
https://twitter.com/jewellery_all/status/1733581573474140290
I guess I am the only one thinking that way but glad i can see someone who think my way
i am a lot about LARYNX, i will look into it.
Great!
It is true that within all these projects we are seeing a lot of interest and we will see a lot of growth in their prices in the near future and if this is where we put our money. If there are, we will also be able to earn a good profit in the coming time.
I have some LARYNX in my wallet , ... sorry I ask it, but I have never used it.
So where I can use this ? sell or buy more ? ... or I can put it work .
Try this
https://spk.dlux.io/
I am not sure how else to use it except to stake and delegate it. You can gain SPK tokens in return.
ok .. I look in this .... thanx
https://twitter.com/lee19389/status/1734546680987738264
#hive #posh
LARYNX Could be a good investment for sure. thanks for sharing it with us.
Your reminders about due diligence and strategic investing are spot-on, ensuring a cautious yet opportunistic approach. Cheers to informed decisons and fruitful investments!