I find it interesting when I realise that Wleo is sort of pegged to Ethereum, so Ethereum goes up, Wleo will have more potential of going up. Ethereum still looks like it has a long way to go during this bull run, fundamentally, technically and sentimentally, and if it plays out as so, it will incredibly impact the price of Wleo, pushing it up, or at least that's how I understand it.
What Wleo is to Ethereum, Leo is to Hive, so Hive goes up, Leo will have more potential of going up. Hive has sat out the past crazy runs, perhaps the real crazy run is just about to be upon us, if anyone has been watching the charts, Hive seems like it just passed all the other coins that have been doing x100..... smoked them and has been mooning. Certainly, this move also impacted the Leo token as we saw it reach a new high of 0.7$.
So, in a case where both Ethereum and Hive are simultaneously mooning, Wleo and Leo will also be mooning, perhaps hard. If Ethereum is mooning and Hive is not, it provides arbitrage opportunity for traders/holders to make some profit which ultimately balances out both tokens.
If Hive is mooning and Ether is not, it provides arbitrage opportunity for traders/holders to make some profit which ultimately balances out both tokens.
If both Hive and Ethereum now decide to not moon, Leofinance has its economic model which has been generating demand for Leo tokens even during the bear period, enough to sustain and keep a healthy price.
Leofinance is also about to launch a new project or series of projects which has the potential to skyrocket the demand for Leo tokens, directly impacting the value of the token.
Today I bought 160$ worth of Leo tokens via Hive engine, it took such a long time to fill, it was either that or Leodex(which I havent really used) or Uniswap where I'd have to pay transaction fees. On Hive engine, Leo's sell wall was like this (......), while the buy wall was like this (................................................), what does that tell you?
However, let's say both Ethereum and Hive begin mooning simultaneously and Leo/Wleo are following right behind, then the whitepaper for Leofinance drops and the airdrop stats for the projectblank is released. With the potential success of projectblank, the launch of other branches of Leofinance, I believe these circumstances will together trigger a skyrocketing demand of Leo tokens taking it from $0.6/0.7 - 10$ and beyond.
These days, I spend a lot of time in charts, sometimes I try to give myself reasons as to why I think what I'm holding is what's right, for me, this is it as far as Leofinance is concerned, It'll be the first thing I say if I'm woken up suddenly from a sleep.
Ofcourse there are chances that this won't play out as imagined, Elon Musk is fond of saying, "the most entertaining outcome is the best outcome", it'll definitely be entertaining as heck to see Leo token go above 10$. And if it happens otherwise, I mean a worst case scenario, where Hive and Ethereum plummet simultaneously for no good reason. It only means one thing, BUY THE FUCKEEEN DIIIIIP!
Thanks for reading.
This is not a financial advice, sometimes I drink and know things....dyor.
