I took a screenshot of the prices but it didn't make a nice thumbnail so here is our LEO lion chilling by some green candles
Look at the almost 25% jump!
The best part is, this is just the beginning
There is base level demand, no new user needs to come in, there are various different "income streams" that can be thought of Mr Buy Pressure who loves LEO for life
Hive can learn from LEO, look what happens when you stop inflating the token to pay out yield.
Funny enough, inflating the currency to pay yield is the exact opposite of forever buying up a deflationary token
Isn't that funny, LEO and Hive are now facing complete different directions in terms of how their tokenomics effect the buy and sell orders across the board
What can someone do with their hive inflation? either they keep it, power it up, sell it, or send it to someone who can do 1 of the 3 things I just mentioned..
So, assuming a couple of people keep their inflation, a couple power it up, and a couple of people sell, the sellers are the ones creating red candles
Since Hive is relatively low liquidity, that sell pressure REALLY does make a difference..
Now, if there were a bunch of THICK
Hive/BTC
Hive/ETH
Hive/Stablecoin pools then this selling down the inflation wouldn't matter so much
But we all live in reality and we must deal with reality and the reality is Hive is NOT a token you buy if you are hoping to make massive crypto life changing gains
It's for powering up and participating. Even the yield for max curating and the base HP inflation isn't enough to offset the opportunity cost
LEO flips this on its head and I think even $1 is bearish...
Give this Lion another 5-6 years to cook..
Think about it, how many LEO will be left over? can it run out
here's how it works
Leo being bought off the market will push up the price
Everyone has a price
Doesn't matter who you are, at one point, you will look at your LEO wallet and think, wow, that is a lot, let me skim some of this
For some its 10 cents, for others $1, and some might say they will never sell, but what if it goes to $1000 each token, you reallllllllly think it you won't sell some?
How can it go that high?
well, what if there is only 1,000,000 tokens left?
What if 29 million get burnt?
All it takes is for all the metrics to 20x + and will see volatility to the upside
I was debating eventually skimming some Leo and hive to buy some ETH and other tokens... but now that LEO is taking tokenomics super seriously and benevolently, all my hive bags are staying here and going into LEO
For some people, they won't even know about LEO until we pass $1.
Hive is a big world, and LEO is growing its presence big time
When people say "Hive needs something big on it" LEO might be that thing and we might be in the "old ol times" for the future. Don't let hindsight bite you later take charge now. Even if its just 2,100 LEO, buy up before it becomes too expensive :)