Happy New Year everyone.
Today is the beginning of a new series to inform Hivers on some trading activities of select layer 2 tokens on Hive as well as some off chain tokens, coins as maybe some publicly traded stocks and commodities. The methodology used for the review aligns with Qualitative Investment Strategies developed by FJ World Inc. What you do with the information provided is your choice. Some of you may choose to use the review as additional information in your own decision process as to buying or selling the particular asset of interest. Do consider taking a closer look at buying and holding some pepEntropy tokens that provide monthly Return of Capital(ROC). This is one way to receive an income stream from the trading of assets without worrying about when to buy or sell. pepEntropy trading service is a way to profit at a lower risk.
About LEO
To learn more about LEO token, do visit their community. From there you can access content and links published by the project management team.
https://peakd.com/c/hive-167922/
Technical Analysis
What is the trading pattern saying? Do not expect overly detailed charting analysis. No need to perform a Fast Fourier Transform(FFT) on data when a simple indicator like Moving Average(MA) is more than adequate to point out the obvious.
From the most recent review,
https://peakd.com/hive-167922/@pepentropy/leo-token-not-looking-good-at-the-moment
... and several previous reviews, you would know of several cautious warning given on the declining value of a LEO token. Our pepEntropy trading account holds and will likely continue to hold, stake and trade depending on overall market conditions as well as project challenges. The account has also delegated to @leo.voter to evaluate curation earnings. So far, this effort has not provided expected returns and will be discontinued if voting rewards for our reviews are not fruitful.
At this time we can see that a LEO token is trading in the same range it was a year ago. The run-up in early December 2024 did not outperform the run-up in April 2024.
Risk Analysis
The LEO project(s) is vast with much complexity and dependent on third party deliverables. The more complexities the higher potential for something going off track if project risk management is not top notch. For example, the integration with DASH network does increase market access across blockchains for users and token holders but it can also have a negative impact on token pricing on Hive when overall market conditions change quickly. ie pump and dump trading activities often linked to hype of a new innovation and then realization that it can take a long time to fully appreciate the latest improvement to a product and service.
Conclusion
Beware that the price of LEO may continue with an overall decline with short periods of upward momentum followed by longer sell-off periods. There are lots of reason for LEO to go up in price, however, the real measure is in the quality of the project deliverables.
Again, Happy New Year and I hope you do consider taking a position in #pepEntropy and subscribe to our Peoject ePayTraffic(PEPT) community.
Thanks for the insight.
It's true that the long-term performance will heavily depend on the project's actual deliverables.
Let's see how it unfolds over time.
!BEER
!DOOK
!LOL
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I don’t know, but the flag is a big plus.
Credit: thales7
$LOLZ on behalf of holovision.cash
(5/10)
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