The LEO Token Continues To Appreciate - A Hive Flippening On The Horizon?
Today Is The Anniversary Of LPUD
Today marks yet another LPUD and is in fact the one-year anniversary of LPUD. The past month has been an extraordinary month for Leofinance, and Threads, especially. The restructuring of the ad revenue model has had an enormous effect in terms of how it has been received by the community. Furthermore, the actual outworking of this adjustment is likely to produce even further appreciation, in terms of the LEO token. A number of positive catalysts are busy impacting the price of LEO at a time when many Crypto assets are experiencing depreciation, or at best, a level of moderate stability.
In a little over a month, the price of LEO has surged from below $0.04 to just above $0.08. If the powering up of LEO remains strong, along with further buying support, as well as ad revenue buybacks, this token could experience a rather extended period of growth before dynamics of an increased market cap, as well as others begin to weigh on further growth. This does not imply the absence of healthy corrections along the way. Nothing goes up in a straight line. Multiple factors are pointing toward a high likelihood that this trend continues. There is of course the elephant in the room.
BTC really needs to hold onto the $25K level. It’s an extremely critical level. A deep correction is likely to have an effect, even though the recent SEC drama had little to no effect in terms of being able to drag the value down. If the entire altcoin market continues to experience a modest decline, while LEO holds or continues appreciating, a flippening in regard to HIVE is a probable scenario down the line.
Let me just clarify, this would be a flippening in terms of price and not actual market cap. In other words, it’s not out of the question that in time to come, 1 LEO could become more expensive than 1 HIVE. This would have to unfold within the next six months, in my opinion. Once the broader Crypto market begins appreciating, HIVE will no longer be within LEO’s reach. That’s how I see it, anyway.
A Window Of Opportunity
In short, if the tokenomics and adjustments within the LEOverse continue to produce favorable results, I believe there is a window of opportunity for LEO to overtake HIVE, even if briefly, in terms of token price, not market cap. Such an event has the likelihood of drawing significant attention to the project. Monumental occurrences have a way of producing frenzies. Often, overexaggerated. However, that’s inconsequential.
What really makes this such a probable outcome is the enormous chasm, in terms of the market cap of these two particular tokens, and for obvious reasons. Leofinance is layer 2, while Hive is the base layer of so many dApps and multiple second-layer communities. However, with LEO sitting under a million-dollar market cap, there is scope to at least hit a few million, at this stage of the game… and it’s this type of move that would make this idea a reality.
The SEC, however, continues to try and introduce “fragility” into the market. The market needs to absorb the recent FED release, as well as the contemporary SEC drama, in order to shake off the FUD and continue pushing for higher levels, toward $30K. There has been a substantial maturation in regard to the bear market. However, there continue to be attempts of reintroducing this phase, despite there being a valid journey and progression.
Final Thoughts
The next couple of months should be pretty interesting to keep an eye on and are likely to give an indication as to whether or not we are likely to see a flippening event, even if briefly. Either way, the recent appreciation of LEO has been a cause for celebration for the community. It’s been a tough bear market for altcoins, especially micro-caps. LEO holders are now also further incentivized to hold and accumulate LEO, as ad revenue will now be paid to wallets holding LEO (LP) in the form of LEO tokens.
Exciting times, even in the midst of current challenges within the market. There is always something happening within this space. It’s never all bad. Even when prices take a beating, development, and pioneering are still unfolding. Anyway, for now… all eyes are on LEO! Catch you in the next one! All the best!
Disclaimer
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This article was first published on Sapphire Crypto.
