RE: Leo Ecosystem Analysis - LeoDex, LeoStrategy (SURGE, LSTR), INLEO
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I say this because there are few other words I can use - fantastic analysis.
The outflows may be what is responsible for the recent decline in the value of HIVE - and the decreased activity illustrated by the chart may be a reflection of this.
On another note, I do not know why people conduct technical analysis on HIVE, when it would be (as I said on snaps the other day) trivial to quantitively analyse power down trends, historical patterns of hive outflows, and be able to predict the price within a small margin of error based on those activities.
This of course does not remove external factors such as the inevitable "value in satoshis" that every interconnected crypto has, but it would be one very strong measure at predicting where hive would be going based on flow.
I do not have the energy or motivation to do such an analysis, but I would wager that a fantastic picture of stakeholder's intent and use-cases for hive would be drawn should someone embark on such an exercise.
That's not necessarily, this Leo action has had an effect but it's not directly responsible, at its root hive is an inflationary token and the only way it can maintain or grow in value is if more people buy in us getting more people onboarded = more people likely to buy in... Hive has not been growing because we can't onboard people shit quite the opposite many on chain are actively pushing people away
I don't disagree, but every variable is a factor.
Totally but with this simple fact and Leo moving to a model that at least appears more sustainable and price starts going crazy it's only natural people are going to move their funds over and it's only going to get worse don't get we wrong Leo is far from perfect I'm just talking about basic market shit people are liable to do