Today, I am going to discuss the #LEO token, primarily because it has delivered investors a remarkable return of 1700% over the last three months, and it is still holding at higher levels. It is a layer 2 token on the Hive platform. You must have seen many Layer 2 tokens on this platform. Just as every token comes under a specific project, similarly, the LEO token also falls under the Leofinance blogging platform and LEO Threads. Both of these are great projects for blogging and microblogging. Apart from this, LEO also provides a decentralized exchange to the users, named #LeoDex . This is a kind of ecosystem in the Hive universe, all the platforms of which together make the Hive journey of the users easy and fun.
Apart from all this, their team has recently made major changes in the LEO token economy, after which it is especially seen that most of the big investors are holding their positions. But is it right to create a position in an asset based only on the holdings of big investors? Well, my understanding of this is that the purchase and position holding of big investors play an important role in making investment decisions, but apart from this, you should also look at the projects, community, their activity and the strength of the token. And according to all those parameters, I feel that the LEO token is so undervalued, even though it is equal to almost 1 hive today.
I am not saying this just to magnify this token, but based on the knowledge I have gained from my journey on Hive so far. I am still a novice in understanding cryptos and making investment decisions based on simple fundamentals. I have seen many layer 2 tokens on this platform whose price is 5-10 hive or even more but when I compare the projects of those tokens with the projects of LEO token or the projects/games of #ArcadeColony , what I understand in simple language is that these (Leo and Arcade Colony) projects are fundamentally many times more grounded, solid and futuristic, so obviously the appreciated prices of Leo and Arcade Colony tokens that you are seeing today can be understood from the returns of #Bitcoin in 2010-2011 which was a huge price jump for the investors of that time but who knew that Bitcoin would be above 100,000 in the next 10-15 years. I am not saying that these tokens will give returns equal to that of Bitcoins, but I do feel that these tokens are available today at much cheaper rates than in any big sale held once in a year, and I am betting on their future.
So for this, although according to a trader mindset, one should not buy at the highs in rising prices, but investor mindset says that under SIP, buy whenever you understand fundamentally, if there is some fall in the prices then make another systematic investment, but even if the price rises further, FOMO will not overpower you and you will feel good.
Here, the new easy swapping feature of my hive keychain made my work easy. I would say you should also use this hive keychain, as it makes your daily tasks so easy that you can enjoy blogging and engaging on the platform without any stress. I often use the #hive-keychain extension to buy Arcade Colony tokens Such as #Colony , #SPS , #DEC , and #scripts , and it really completes the whole transaction very smoothly in a few moments.
This process is so simple that there is nothing to explain. As soon as you click on SWAP from the home page, you will be directed to the swapping window where you have to select your tokens from the dropdown, enter the amount in the amount section, and after which, in a few seconds, the amount of your desired token will appear in its amount section. You can adjust the slippage from the Advanced Parameters section, after which you just have to click on the big red SWAP Button.
Of course, it has your keys stored, but you just have to confirm it once before the final transaction, and that's it, your swap is successful. See how easy it is. That's why I always use the Hive Keychain Extension; it's really an awesome app!
In the end, I would just like to say that in my trading journey, I have learnt that the simpler you keep things, the better the results you get. Hence, in investing also, a simple analysis which tells what and how the project of an asset is working is a very big factor to understand what could be the future value of that asset. And based on this simple analysis, I think that the future of the LEO token can be very, very bright. But this does not mean at all that there will be no fluctuations in the prices of this token. When the price of an asset increases, people take exits on the targets set on the basis of their own analysis. And whenever there is a large volume trade, the fluctuations in prices also increase, but assets with good strong fundamentals like LEO hold strong levels despite all that volatility and make investors rich in the long term.
But still this is not any investment advice. I am sharing what I have learned and understood. You must do your own analysis before investing in any asset. Your own analysis is also very important because by doing self analysis you feel more confident, which creates a calm vibe that helps you to take the right decision by keeping calm in volatile markets.
Thank you for visiting and reading my blog. Generally, I keep writing blogs on life, nature, gardening, photography, and Hive Gaming. If you like any of these topics, then you can also follow me. I deeply appreciate your comments and votes. 馃檹
Note:
English is not my first language. So sometimes I use 'Google Translate'. Please don't think that anything I have written in this blog has been copied from somewhere or is AI-generated.
All the photos are the screenshots from Hive Engine and Hive Keychain .
All the other content images and words are mine unless otherwise stated.
