It has been around a month since the new tokenomics for Leo went live and it the impact on the price is impressive. We are closing in over $0.1 today which is more then 5X I believe. I think it is really hard now to get an actual valuation of the token and the market is trying to price it correctly, it might have been mispriced up to now even before the new tokenomics and I think it is even harder with the change because the effect is still in progress. There is buy pressure from the SIRP and other investors on the token and as price rise and news spread around the cryptoverse, we could see some more impact.
This was definitely an amazing strategic decision taken by the team which make inleo even more integrated with other chains. I believe this will have a positive effect on Hive has it also shows the power of the tech under it and that it can help power succeffull app/business in the future. Inleo show that you don't have to be 100% committed to a blockchain but that you can use the advantages of multiples techs to build your product. For me it is a climpse into the future of worldwide collobroation between communities accross multiple countries and the world.
That being said, I have no idea where the price of Leo could go and selling now seems a bit strange sinceI can't evaluate the full impact and the price properly. Never the less I am trying to follow my plan that was set during the last year and I decided to put a sell order of 2k LEO at 1 for 1 to the Hive price(independent of the USD price). My plan when investing in other side coin on Hive was to get some of the money back in hive terms at some point because I want to increase my Hive holding going forward and I still aim for over 100k in HP.
Of course this 2k leo is only a small fraction of my leo holding so I have no regrets putting that order and I will be happy to get some more Hive, for me it is already insane to see that parity in term of price (not market cap) is now becoming a potential reality, for me it wasn't for years. I have accumulated a similar amount in terms of token in both Hive and LEO so it is crazy that both holdings will be value similarly or that LEO my actually surpass my Hive holdings in USD terms.
Since I delegated over 40k HP for a long time before reducing this year, I got a lot of LEO through that and that is actually paying off now so its like reinvesting revenue from that into Hive and maybe some cash (HBD) when price does reach >$1. Part of my plan was to power down some HP to have some liquid Hive before the summer because I thought price was going to rise and wanted to be ready to take some HBD profits in case of alt bull run.
Again amazing job by the team, I feel we are right on the timing as well as more people are becoming aware and paying attention to alt projects since bitcoin went over $100k
Good luck to everyone following their own strategy. Bullish on the future.