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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