AskLeo - Who's Eating LEO's Lunch?

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Since the WLEO liquidity pool has been launched there hasn't been too much time LEO has underperformed HIVE in terms of dollar valuations. If I remember correctly, about a few months ago we've almost had one LEO being worth 3X HIVE, but those days seem to be gone now.

HIVE is close to $0.7 at the moment of writing and it had quite a pump today. It's correction that has occurred along with the whole market has been a steep one, falling from around $1 to as low as $0.4. LEO hasn't had such a dramatic one, but it doesn't seem to be keeping the pace with HIVE either.

There was a time when LEO was sitting comfortably at $1 per token and the sky was pretty much the limit. Than the CUB Finance has been launched and some have probably powered down a bit to invest in CUB and start farming into Hive's first DeFi project, and for a couple of months I see LEO not quite in its best shape.

From what I remember, when I joined this community back in October 2020 and got fired up about it, there were some members saying that LEO being wrapped around ETH is going to perform in tandem with ETH. It hasn't showed that lately as ETH is doing fantastic.

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Looks like I was right.

There's also a lot of liquidity for LEO lately as the percentage of locked(staked) tokens is of around 63%. If I remember correctly "back in the days" it used to sit at a bit under 80%.

I wouldn't blame CUB Finance for incentivizing users to power down and get into CUB thus tanking LEO, but instead I believe the quite poor performance of LEO lately is due to competition and by competition I'm actually looking at #proofofbrain. It's a new tribe in town that has managed to garner quite some attention and it's having a token that's performing very well on the market.

I guess it was something like equal to 1 HIVE about a week ago, starting probably from a few cents per token same as LEO. @onealfa is on his way to become "the alfa dog" over there as well, but I doubt he's dumping LEO for POB. Even if he does it, it's none of my business. I'm trying to figure out though why LEO is no longer roaring that loud anymore.

The only lunch thief for LEO I see right now is this new community that I've mentioned above which seems to be attracting a lot of users, attention and funds lately. In the middle of all that we might be dealing with a lack of interest towards LEO from investors and so the price's leveling for a bit. This tribe(Leofinance) is still my favorite one and proof of that is my activity.

100% of my posts created on this blockchain go live via the Leofinance interface and most of my interaction with Hive users is also done through the same app. I've become an addict a few months back and I'm hard to cure. I might be wrong though and some other catalysts might be behind LEO's recent price performance.

Hence, I'm #askingleo to engage on this post and share your views on why would Leofinance's main token underperform in comparison with HIVE and especially with its past performance. Who's Eating LEO's Lunch? Or should I say, is it anyone actually doing that?

Thanks for attention,
Adrian

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20 comments
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I know that all the tokens belong to the HIVE blockchain and are like body parts, but which one do you think will reach the dollar and stay there? LEO, HIVE or POB.

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I'm sure it would have been LEO if the team behind it would have continued to update us like they did before. Now, I'm not sure.. POB seems to have taken up a lot of the hype that LeoFinance basically gave away.

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Right, I can see that too.

In fact at the moment the POB is trading a bit higher than the LEO, so I think these 2 currencies will be on par.

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I think lack of communication from the team is a big part of the reduced interest in LEO. They used to keep us updated and motivated but there has been no news for ages now.

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Bullseye. A lot of the hype has vanished due to the lack of communication. It's a shame. I hope they'll start to update us regularly as before.

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I still think it is all a positive sum game. I think that if one tribe becomes successful it will bring more people to the platform where they will eventually find their niche. I think we are all growing together whether the price reflects that yet or not is not for me to say

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I'm trying to figure out though why LEO is no longer roaring that loud anymore.

Overpromise and underdeliver is the reason. Just check what junkyard the Discord become.

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(Edited)

One of the reasons I was so excited about LEO a few months ago before Cubfinance was Project Blank hype and airdrop. Now Project Blank's release date is unknown.

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I think is normal about HIVE because is the parent currency.

What I observed over the last month is a lot of power down, probably some went to CUB as you said. This is something only the Leofinance team could tell us better because they should have data about transfers from Hive to BSC.

Anywhere else, I don’t know where all that LEO is going on. I will keep powering up my leo and delegate my HP no matter what.

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Leofinance is still in a good spot and still holds higher value than it did 3-4 months ago. CUB really doesn't however tie into HIVE price much if at all other than if someone buys LEO with hive so there's not much going for it there.

It really just comes down to hype. Projectblank is delayed for a long time, CUB is cool and all but it's underperforming in my opinion. It's just because there's not much going on. When you have constant development and movement it gets people excited and investing. Without it you start to become stagnate and you'll see that reflective in the price.

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In my estimation Wrapped tokens of all sorts are going to be key for gateways and to stabilize and recognize legitimacy of various tokens. Take for example Wrapped BTC I have seen several days where those in the know sheltered losses from the front BTC market by being in WBTC and using other gateway tokens as a shelter until the dip and the next rally. Wrapped tokens are a nice value store, backing, and shelter all in one. They are the true crucial next wave in crypto, before we can get back to Mooning and HODLing.

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Will you define what a lunch thief is?

(My theory: another token that inspires people to use x coin to purchase y)

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