LEO and LEOM plummeting: Time for accumulation

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(Edited)

Ever since the hack of WLEO on Uniswap, the Leofinance native token, LEO has been recording a downtrend and even did hit an all-time low on the chart. Though the price of the token kept dipping, the developments surrounding the token community has been quite impressive. Recently, the LEOInfra V1 was being launched which contained the integration of MetaMask. However, this new developments has really affected the price of Leo token yet.


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For a while now, LEO has between trading between 1.03 and 0.99 HIVE/ LEO but the sell orders are all above 1.03 Hive. With no one willing to sell at the buy orders below 1 HIVE/ LEO, Leo might just not go below 1 HIVE and this shows how strong and supportive the community is to the token.

Meanwhile some people are very eager to sell off at prices around 1.03 HIVE/ LEO, I choose to still hold on to my few LEO tokens while also staking some little volumes. This is not a time to sell rather I see this LEO dip as an opportunity to accumulate as many tokens as possible. People with funds must be taking advantage of the many sell orders on Leodex.


Soon, the pric of LEO will recover to around 1.5 HIVE looking at how strong its support is at 1.03 HIVE. Buying LEO now might just be a better option cause it doesn't look like, it'll fall lower.


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On the other hand, the Leo Miner, LEOM has also been hitting new bottoms on the chart. By September, the token was selling at an all-time high of 8?9 HIVE/ LEOM but we've seen it constantly falling to its current price of about 3 Hive/ LEOM. Now I'm wishing I had sold off the few I bought at 2 Hive at 8 HIVE/ LEOM. However, I still believe it will pump woon so, I'm HODL both my LEO and LEOM. Should they go any lower, it will be an opportunity for me to buy in.

What are your thoughts?

Posted Using LeoFinance Beta



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I still see LEOM trading for more than 4 ( between 4-5), I wish, I had bought at the price of 2 hive. It got sold in front of my eyes...

Posted Using LeoFinance Beta

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