Hello Hive and Leo Fam!
Hope life is treating you well wherever you are in this part of the world.
The price chart I shared below is for the LEO token, which is a valuable layer two token on the Hive ecosystem. Leo itself is an ecosystem because it has a couple of projects working under Leo. We have a microblogging website along with our blogging website. We also have the decentralised exchange called Leodex, and they are adding more coins there. So it's like a good package that we have from the LEO team, and this is why I called it an ecosystem, which is trying to add more value to the hive overall.
Their native token is called, and if I am not mistaken, then last month they made big changes to the LEO token economy. Now I think that because of that change LEO price is growing. as an investor it is always good to see the value appreciation happening on coins that we are invested on and I believe Leo must have made its investors happy this time but the potential is huge I believe and possibly because of that whales are not selling their LEO Tokens. The market is unpredictable, and we don't know how things are going to be in the future, but if we look at the overall potential that the LEO token is showing, then we can expect a very nice growth, which can happen this year or maybe next year.
Currently, the price for the LEO Token is about 12 cents, and it's like half of the value of the Hive. I am expecting that it will go further. I don't think it will be a surprise for the people when we see the price of the LEO token equal to the hive while you are in the market.
This order book is a good example where you can see the majority of people are buying the token, and very few are selling. In every order group, we get to see two types of transactions, including the sell and buy, so when the majority of people buy, it shows that the demand for the coin is higher, and similarly, when it is low, then demand is low, which can take the price down. This is a basic fundamental applicable in every market, so no matter whether it is the crypto market or the stock market but this fundamental remains the same.
I have delegated HP to @leo.voter, and it pays me a Leo reward every day. I noticed that with the price increase, my reward is reduced because I was getting more tokens as part of the reward when the price was low, so it's OK because, in a way, I'm getting a good value as a delegation reward, and whatever I earn is powered up. Whatever tokens I earn through any means are powered up, and my balance is 430 Leo power currently. I think by the end of this month it will reach 500, or maybe it can surpass that. I don't know, but all I am trying to do is increase my LEO power balance. Whales are holding in big quantities of Leo power, which I think whatever I can do is also good for me.
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For the first time, I have also subscribed to the LEO Premium, and it is going to end in the next 12 days. And I enjoy the experience over there. I will renew the subscription after its expiry, and I was also looking for an advanced renewal option, but it's not there. So now I need to do it only when it's ended, and I will do it. Thank you!
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Images courtesy- Inleo.io and tribaldex.com website