So I have been using https://beeswap.dcity.io/swap?input=SWAP.HIVE&output=LEO to swap some hive into LEO ever since the tokenomics play went into works
I know it would have an effect on the price
You must understand, LEO is COMPLETELY different now
It went from an inflation dump token like hive, into a pump machine just waiting to blow minds
The low liquidity is a good and bad thing depending on who you are. If you are a massive whale just dying to cash out, you might find as soon as you start clipping out you will crash the price on yourself
However, even with the current income going into buying LEO, there isn't much left to push the price nice and high
I wanted to make a longer post today but maybe tomorrow I will go into it more properly
I want to show you examples of tokens that have 0 inflation and a buy and burn mechanism
Buying and putting into LP is a good play too. It can use some thickening up, it will take some time before the thickness of the liquidity has a strong enough effect to slow down the price rise.
LEO already at 3.3 cents. a huge move, but its not something where someone can through $30,000 into it without creating a massive green candle that will get everyone on hive talking
Now, referring to the title
I was on beeswap and I noticed I had a lot of airdrop tokens
I started to go through and swaping a lot of them for hive, I think I got like 15 hive in all :) was able to get over 100 LEO... who know maybe that can be $500 one day
