HIVE Keeps Falling While LEO Forges Ahead

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One user after another has announced having powered up. One only has to be aware of the pace at which things are moving forward to recognize that sort of enthusiasm as fully warranted. The hack is now a thing of the past. It was dealt with swiftly, fully transparently and as a damage control measure, the liquidity providers who lost funds in the attack were made whole! It is hardly surprising that many users are enthusiastic about the project.

My subjective belief is that HIVE may keep falling further until it's closer to 10 cents. I'm pretty sure some of HIVE's loss of market cap may have taken place because of users selling HIVE for LEO on Hive-Engine and LeoDex.

LeoInfra's Metamask signups are in full swing and the first batch new users have been onboarded. Judging by some of their questions, these are people from outside the Hive ecosystem.

I have to say that leadership is important when it comes to projects like LeoFinance. But perhaps a year from now it will be clearer that second-layer projects will be at the forefront of onboarding. Resource Credits being as cheap as they are, it will probably still take a lot longer for organic appreciation of Hive Power through growing demand for Resource Credits. What a wonderful problem would it be for the cost of transacting to rise on Hive due to new users rushing in through every opening like the vampire beings occupying Manhattan into the protagonist's house in the movie Legend starred by Will Smith.

HIVE Keeps Falling While LEO Forges Ahead | Ecency