Legit LEO has lost so much damn value. Even with Hive going up 3x LEO token stayed the same and is now pricing in even LOWER than it was before. The team needs a serious wake up call in generating value to their token.
No that's not what I am saying... They are trying to bring in people that want to get paid in DASH and not LEO. I get the idea of trying to bring other ecosystems in to the mix to try and grow the user base, but it takes value away from their token when people choose to dump it and get paid in another token. IMO they need more reasons to stake LEO instead of selling it. But it is what it is.
Well, we have to look beyond a second layer token on a lower capped blockchain. This dip is at a macroeconomic level and it's really just driven out of fear. Most risk assets sold off and the DXY (Dollar Index) pumped, which generally makes most assets take a dip. Means people are into the dollar. Look at the USDT.D chart which is the USDT dominance chart. Says the same thing basically. But if you didn't sell before, I wouldn't now, lol. Let's be more logical about it and think about what the smart money is trying to do...
Legit LEO has lost so much damn value. Even with Hive going up 3x LEO token stayed the same and is now pricing in even LOWER than it was before. The team needs a serious wake up call in generating value to their token.
Instead they want to pay people in tokens that are not in the Hive ecosystem. I don’t get it myself.
are you saying, Leo is not a second layer hive crypto?
I'm not following
No that's not what I am saying... They are trying to bring in people that want to get paid in DASH and not LEO. I get the idea of trying to bring other ecosystems in to the mix to try and grow the user base, but it takes value away from their token when people choose to dump it and get paid in another token. IMO they need more reasons to stake LEO instead of selling it. But it is what it is.
very good point. Yet, I don't think the amount of selling pressure through people who came in recently and blogged is enough to cause this huge dip.
Well, we have to look beyond a second layer token on a lower capped blockchain. This dip is at a macroeconomic level and it's really just driven out of fear. Most risk assets sold off and the DXY (Dollar Index) pumped, which generally makes most assets take a dip. Means people are into the dollar. Look at the USDT.D chart which is the USDT dominance chart. Says the same thing basically. But if you didn't sell before, I wouldn't now, lol. Let's be more logical about it and think about what the smart money is trying to do...
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Scariest shit I've seen today but I'll stay strong
this is the lowest I've ever seen it at
Saw it this morning, I was stunned