Dips are in the game
What goes up must come down
For some this might be a nightmare scenario but for me I am happy to be able to get more LEO per hive since I am still in accumulation phase when it comes to LEO
I need to do some reading on about SURGE if anyone has any good posts they want to suggest go ahead I am down to learn
I am thinking about making some posts this week about a lot of different projects and their respective tokenomics and how LEO is doing a bit of everything
I have a feeling September is when things really pick up and get hot and heavy in the crypto world
Its weird how it simultaneously feels like we are a few months away from the top of the bull but also feels like we are 1 year into a 3-4 year bull run
If you ask me when coins like BTC and ETH start making all time highs you are safe to start taking some profit here and there
One thing that can accelerate LEO price growth is if Hive was to pick up and start making moves
Takes a lot though to get Hive to $3 again, that is a 15x from here. LEO has showed us this can happen but of course Hive is much heavier in terms of liquidity needed to be injected to push prices up. Like anything else, massive green candles promotes selling so not only do we need to go up but we need to stay up
Personally, at least with current inflation rates, I do not see growth outpacing people selling down inflation, at least not at rates that will sustain us over a few bucks
Some core changes are needed for LEO type growth to come to Hive
But lots of smart people on Hive so maybe eventually witness' can agree to some great upgrades that will pump everyone's bags
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Tokens in the LEOverse are seeking their fair valuation. It has been a good ride so far!
The SURGE Intro post is good.
https://inleo.io/@leostrategy/introducing-surge-earn-stable-and-reliable-1667-yield-cdc
Main points, according to me. 😄
Since the yield is fixed per token, people may BUY the token if it dips in price because the Yield per token is fixed in terms of amount so therefore rises in percent terms as the price of SURGE drops. For example, if SURGE sells for 50 cents, then it yields 30% APR. This higher yield might tend to make people buy SURGE at any price lower than $1 since it would be yielding over 15% which is a benchmark in HIVE due to HBD yielding 15%.
IF LSTR goes above $50 then folks can BUY LSTR with 50 SURGE regardless of the price of $SURGE. So if LSTR is $60 and SURGE is $1 then one can convert 50 SURGE to 1 LSTR and sell it for $10 profit. Or, since this conversion is built-in, the price of SURGE might surge to $1.20 in this scenario so you could just sell 50 SURGE for the same $10 profit.
Seems like I need to be really good at EXCEL to make all these different metrics profitable haahaha.... orrrr I can just focus on getting more ptgc ;) lol
Ha, right? But really, no one need to excel at EXCEL anymore; just chat with your favorite AI and they can make a spreadsheet and then graph the data!
I think I have enough in risky tokens with no yield but some possibility of 10X or more. So I am adding to yielding assets like HBD, SURGE and maybe STRC. They are still risky, just less so.
But of course everyone needs to do what feels right for them. No one knows a person's appetite for risk except for that person. So NFA, DYOR! Standard Disclaimer :)
Best wishes in everything you do!
P.S. pTGC is interesting and worth looking into, imho. Still near highs but just had a pullback.
https://gopulse.com/token/pTGC
Also, and at almost the same exact price, pDAI is interesting and fun. Lots of YouTube videos about it. It started out free if you had DAI on Ethereum. Went to 3 cents, went to basically 0, then back to about half a cent. It has kind of been a stablecoin since the beginning of July! Worth having a moon bag because it has a clear target of 200X if it pegs. Any thoughts on pDAI?
https://gopulse.com/token/pDAI
I think pdai has had the most interesting narratives for the longest times and some of the biggest gains.
Not sure what is going to happen to it long term or if anyone can ever make it peg to $1
Also not sure what to believe in terms of what happened to the forked version of makerdao and all the minting drama