It's been a fun week on Hive and on Leo. Money always brings hype and fun to the platform and this has been a week full of both. Anybody holding Leo tokens is happy and anybody that bought into LSTR is very happy as well since both tokens are tied together and both are pumping this week since the changeover to leo 2.0 and the announcement that LSTR would be sucking up a huge amount of the available LEO to stake on arbitrum.
The FOMO is very strong right now across the community which always worries me when holding a token. I've never once seen a token just go straight up and continue to go straight up consistently. The jumps made by LEO this week have been outstanding but the pace has slowed significantly over the past couple of days.
I'm thinking about that while looking at how scarce liquidity is on H-E for the token and the fact the LSTR still has some ammo left in the tank as well as the Leodex revenue still to come........ Will people power down and take the current price or lower for their stake? Or will the whole community hold the line and watch the price keep going up until the end of September and the end of the Leodex fees??
With the current token price it's a lot harder to stack Leo and you hive isn't going very far anymore. I can pump $1,000 into the token which would have been a huge buy not too long ago and would have returned 60K tokens that now only gets you 5K roughly. It's going to take a little while longer to soak up the market especially if people start adding sell orders.
With all of that in mind the long term outlook is very strong on the token even if we do have a bit of a pullback week ahead. That's not even considering if we can get some outside interest on Arb with the new tokenomics and the massive gains we have seen this week.
Under the new set of rules and the theory behind LSTR there should be constant buying pressure on a fixed asset which all going well means a slow but constant rise in price. The only way this changes is if some larger existing stakeholders decide that they have hit their price point and want out with larger stakes. The ones selling right now are very small but if somebody wants to offload 100K LEO there isn't huge buy pressure there either.
This is entering a new stage in the leo life cycle and one that i've seen before with cub, dec, sps, hive and steem. All of which looked like they were going to keep going up until they didn't anymore.
I won't be selling the bulk of my stake but i would like to take some profits on the way up if possible. Just in case history repeats itself....again.....and again..... in the crypto world.
The real question isn't if it will take a massive dip but when. The real trick will be to take some funds out near the top and be ready to jump in when it happens.