I think that it's going to flip it permanently and very very soon.
Looking just at the $LEO chart it's very healthy with a crazy run up from 2c to 20c with an expected correction. I managed to sell near the top and took a profit before the fall from 1.2 Hive per token and started buying back all the way up from 0.5 Hive per token.
Since the expected dump from power downs we have seen a lot of old token holders take their profit and move on happily.
No fault there. A lot of people have been holding for a long long time and don't love the community so no harm and a win for both sides.
Meanwhile Leostategy have been soaking up all buy pressure and moving the price steadily back up as they get as much supply as possible while the money is flowing in from LSTR and SURGE.
That is where it should get interesting this week. SURGE is almost sold out and there should be the usual last second panic to buy before it's gone form H-E at the discounted price.
373451 HIVE might seem like a big number to get through but that is just until you see that the volume for today alone is 166000 which should see the end of the discounted price in the next two to three days.
What that also means is another 500,000 HIVE set to buy LEO from the market.
LEO that simply isn't there at the moment. A lot of the sellers have sold and a leostrategy have cleared a lot of the liquidity from the market leaving a supply shortage and a lot of buy pressure on the way.
That's only one source of income with others on the way that should increase buy pressure combined with Leodex revenues.
I don't know whether the whole group of leo projects will stand the test of time or not. I don't know whether i will lose all my money following the team.
What i do know is that they are generating revenue and reducing the supply as of today and there is a lot more to come this year. That's why I've been loading up every week and think that a supply squeeze is on the way very soon.
I'm going to bet on it anyway.
And enjoy the ride up to 2025.
