Stability in cryptocurrency is determined by actions of the different wallets that hold a particular token. It's apparent that whenever the buying pressure exceeds selling pressure the next line of action will be a bull trend. Peradventure the selling pressure exceeds buying pressure, a bear trend should be expected. However, the case isn't different with the status quo in hive ecosystem and other Dex and Cex where the hive token is being traded.
The bull market is here and everyone is glamorously clamoring for the pretty signals it has displayed so far with a few individuals keeping to wit that after the sun comes rain. On the other hand, we have also observed that the BTC has an important role to play for a more effective bull run where every bit of its signal Impacts consequentially on almost all the tokens.
Lately, the Inleo community took on the routes of premium upgrade for every blogger of interest and lover of the hive web3 ecosystem. However, a closer scrutiny into the impact and effect of the selfless premium membership upgrade has shown that the inleo community is sincerely committed for the wellbeing of hive and every concerned bloggero and investor in here but Let's not see this as being sycophantic, that's not the game as the nitty-gritty is all about my genuine findings so far.
It is apparent that the received funds from premium are swapped to hive and then used in holding both Leo token and hive simultaneously. Consequently, given this call for action, the price of Leo and hive have traded competitively without a significant decrease whenever BTC makes a bullish reversal. Although hive does not create a very significant price impact whenever it goes bullish given to the fact that the little contribution from premium cannot equate the high volume of sell from other investors in hive.
However, let's examine some of my findings from the premium membership upgrade.
Effect of premium membership upgrade.
From the current happening, we will observe a reasonable increase in the prices of Leo and hive simultaneously, although the trend has more significant impact on leo than hive given the fact that the price Leo token is still very diminutive when compared to hive which has five times value to Leo. Prior to this time, the price of Leo went down to an approximated value of $0.02 but currently trading at $0.05 creating a value twice of its previous price.
Consequently, everyone knows it's a bull market period but there is yet an impact of this scenario on both coins. For instance, each time BTC makes a bullish reversal to the bear side, it doesn't affect the hive token greatly when compared to its impact on other tokens that respond late in stabilizing. I also observed that most times, a percentage increase or decrease in the BTC doesn't affect the hive token so much, meaning there is a good sense of intrinsic stability in the token.
Added advantage to Threaders.
Prior to now, everyone in the thread interface of Inleo had been threading on the same pace and level. On the other hand, premium subscribers have the advantage of streamlining at most 240 characters in a single thread box which is an added advantage to them. Furthermore, as a premium subscriber, you have the advantage of using different markdown styles for your threads and also being added by default to the community's multi thread container which further makes it possible for your thread to get supported by the community although not on a consistent basis.
Reduction in Leo power-up participation by bloggers.
We all know that every business has a strategy but gaining substantial success in business fully depends on how one strategizes his objectives. Nonetheless, from my observation so far, many bloggers now find it difficult to participate in the monthly Leo power up day held on the 15th of every month. Although the premium strategy isn't bad for the entire ecosystem but just that many peoples strategy have failed for now given their inability to maintain the monthly subscription and also participate in the regular power up of hive and Leo.
It ushers curation advantage to subscribers.
It's understandable that the Inleo community has different means of remunerating bloggers in the community which ranges from stake base to quality publication to Twitter promotion and now to premium subscription. Hence, Premium subscription gives a blogger the advantage of his post being curated outside of the three measures enumerated above. Finally, I must say that with the advantage of premium subscription and other community criteria for publication, one has the privilege for all his publications to be visited by Leo.voter which is quite an incredible advantage to everyone.
Conclusion.