AskLeo - Who's Eating LEO's Lunch?

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.

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

Posted Using LeoFinance ^Beta