It's coming folks.
Looking at the market on Hive engine shows that $LEO is about to flip $HIVE in price.
Not today but in the very near future judging by the remaining liquidity on the charts.
It's only 27.6K LEO left before the price reaches parity and todays trading volume was 41K so that tells it's own story. Obviously as price goes up people will add more sales, you will get less LEO for your money and the list of people willing to pay that price goes down but we have leodex and leostrategy with a lot of ammo left to put in the market by September.
It's going to get very interesting over the next few weeks. We will get to see who has diamond hands and who is going to cash out quickly. There is a nice profit to be made right now for people stacking over the past few years but that could get 100 times more interesting if external money gets involved from other chains on Arb and BSC.
I did write a post last month after the team changed to leo 2.0 tokenomics and called a big win for it's holders. I will admit that i didn't see this level of interest coming so quickly but i did like their tokenomics for the future.
An actual product, deflationary token and external revenue. The holy grail of crypto.
1 year of Inleo premium + a 10K LEO top up.
Back at the end of June you could still buy tokens at 0.1 Hive per token. Now it's over 0.5.
It really wouldn't take much to move the price since the majority of the tokens are staked right now and even since the announcement people have been making some moves and driving up the token price. When i was buying last week the price was 0.90 Hive per LEO while now it has gone up to 0.12 on my last buy. That's a 25% increase in terms of hive to leo.
And that's with just a $240 daily volume. If the team can generate anything like that in revenue it will spike the price quickly.
At the moment that looks exactly like what is happening with $LSTR selling quickly and fueling this price push. They have another $30K left for sale on the market with $13k selling just today. If all that money hit's the LEO market this week plus other buyers then the price is going to spike hard since liquidity is almost nothing left on the markets.
I've been buying all month and still have FOMO on the token. I just wish that i had gone in harder a month ago and would really be enjoying these next few weeks but I can't complain too much. I have been part of the project for a long while and had plenty chance to stack.
A big question will be if this price increase is sustainable but if leodex keeps turning over a decent volume then money will keep buying LEO tokens and with a 30M hardcap these will become extremely valuable...
Again, a fun few weeks ahead.