Hey, everyone! The price of LEO is not dependent on the price of Hive. They are related, but LEO is tied to more pools, so it follows more of the overall altcoin market. Inleo also has a value proposition and revenue models that go beyond the Hive price action.
In this clip:
- $LEO price is not tied to the $HIVE price
- Multiple pools tie $LEO to the rest of the altcoin market
- The performance of the token can drive in more users
The price of Hive has gone up and corrected over the last weeks. Similarly, the LEO price went up, but during Hive's correction, it kept going up, so LEO is not directly tied to Hive's dynamics. This is because it's paired against other altcoins, and its price moves in relation to general market movements.
Inleo also has a revenue model with Premium subscriptions, Creator subscriptions, fees coming from LeoDex, and more. These factors also influence the price. LEO is well-positioned to grow.
The price dynamics can drive in more users, as we have seen with Hive in general when the price goes up. Naturally, a similar case happens with LEO. Keeping organic growth and retaining new users is one of our goals.
Posted Using InLeo Alpha
It needed saying! So, thank you.
!BBH
@khaleelkazi! @keithtaylor likes your content! so I just sent 1 BBH to your account on behalf of @keithtaylor. (1/50)
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It's high time people knew about this so they can stop tying Leo's price to Hive.
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Thanks for the update. It inspired me to create a blog on the token comparison.
May Positive pepEntropy be with you.
A community is a large-scale solidarity, and we LEO price action is an affirmation that this community is growing and with th kind of revenue model it has to sustain the tokenomics, it has got all the boxes ticked to fly to moon, mars.
It's an interesting dynamic. In some respects the parent overtook the child for $DOGE overtaking $LTC and staying above it. I could see something like that occurring as you onboarded more and more chains and communities from over locations. The future is multichain!