I agree that people are holding and staking Leo like they Hodl and stack Bitcoin. I didn’t think of it as a store of value per se as it’s sole purpose, but I see what your getting to here.
Bitcoin is hodled due to speculation. I agree many people here hodl Leo for the same reason. I never saw it as a speculative store of value because of its utility, it is used to generate more Leo visa vie upvotes, content curation, etc
But the chart of WLEO and thus LEO shows a beautiful ascending channel and the speculative rewards of holding are apparent there. So I agree that Leo is a store of value.
I also think it may also facilitate utility one day like Ethereum does on the Hive-engine or it’s own DEX with DeFi strategies like liquidity pools an lending with Hive and Leo being acceptable deposits.
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