Wondering what will happen. Will it continue to rise without major pullbacks?
Wish I knew that to :)
Markets gp up and down, cant go just in one direction.
One thing that is for sure with wLEO is that it provides a large liquidity and you can buy and sell bigger amounts without changing the price much.
This gives a stability in the price.
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That is at least something; With about 250k$ in the pool already, its for wLEO/LEO already a major achievement. I believe, the LEO team provided the first 50k$, which means others provide the 80%, all within a single day. Thats super!
BUT, this will not say anything how strong or weak LEO will be in the near to longer future. Though I'm optimistic for the short term and semi-optimistic for the longer term. Why semi-optimistic: Well, after being with Steem/HIVE for 4 years, I still have my doubts regarding sustainability of crypto rewarded blogging as we have it implemented. Maybe the Patreon model is the future model, ie tipping like instead of rewards from inflation.
From what we have seen, blogging can be a nice mechanism for token distribution. There needs to me more things on top of it.
Hive is more than blogging now, leo as well.
Still cant tell what the future hold :)
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100% agree... blogging alone is not suffcient for the underlying chain to become a success.