Love the article and still very bullish on hive, I have been buying most of my hive in the past 6 months despite being here for years. The opportunity that came in 2020 with those low price was too good to miss and is still ongoing. I believe it is now or never to get to where you want to be in terms of hive and hive power. We probably won't have the same opportunity in 2025.
In my mind Leo is just a way to prove the concept that a decentralized crypto community is working with POS and can get be profitable. I believe this 2nd layer model has the potential to spread exponentially and I believe the price will eventually do the same, but once the market realize it it will be too late to maximize this opportunity, it will be hard to catch this train afterwards.
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That is how I see it too.
As @theycallmedan says, we need 100 LEO on Hive. If we have that, the sinks will eat up many of the liquid tokens out there.
People want to separate the technology from the token which, on one level, makes sense since they really have little to do with each other. However, long term, to believe the blockchain will be very successful without the token excelling just doesnt make sense.
Ethereum is the best example of how it works. That is a utility token that provides a use case.
When Hive reaches that point, it will have little choice but to run higher.
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It reminds me of when Defi blew up, YFI went from a few cents to 40k and ETH barely budged. People actually thought that this was bad for ETH somehow. You can’t have a successful blockchain without successful apps. What us Hivers have been seeing for years is coming to play. Leo is the largest most successful tokenized community on the planet. Splinterlands is the most successful blockchain game on the planet.
Resource credits are gold, and we are just getting started. What happens when we have a dozen more highly successful tokenized communities and games? Think big players won’t take notice? They are on the hunt and Hive is what they are all looking for
I agree completely.
It is easy to see the trend that is in place. We are seeing the transition away from what happened on Steem to an ecosystem that is multi-faceted with a lot of development at the second layer. That is what will draw the attention.
But one cannot get away from the base layer being the foundation. People believe in "hive the technology" but question the prospects of the token.
People think I am insane when I say Hive will hit a liquidity crisis. There will come a day when the 150 million or whatever Hive is available will see eaten up.
With the way the year is starting, it might not be too far into the future, within 6 months perhaps.
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