LEOM experiment update 8 - wen bearmarket?

This experiment has been going on for 8 months now. Previous update - month 7.

The original miners cost was 2144 HIVE (2HIVE=1LEOM). So far about 950 LEO has been mined during the experiment. If we would convert it into HIVE now we would get about 1130 HIVE. Same amount almost like last month since LEO is down against HIVE :D, so it seems HIVE has been performing a bit better than leo in last months. That means about 53% of the original cost (in HIVE). Let's just keep rolling.

The current prices of HIVE and LEO. HIVE is down about 23% since the last months update and LEO is DOWN about 38%. Is this a bearmarket? :D Not possible, right? Hmm. For example Ethereum has made huuge gains recently.

LEOM amount now exactly 1000. Growth of LEO - 2350 LEO staked now, and 72 in balance. About 189 more LEO in balance and staked than last month - still growing nice.

As seen on the Hive Engine table from hivestats.io, there was 166.64 new LEO in the last 30 days. Most of those LEO-s were mined by the Leominer. 166 LEO at current prices is about 197 HIVE. A bit more LEO mined than in an average month.

The price graph of LEO on LeoDEX. Slowly trying to move up again. 1.19 HIVE per 1 LEO, less than last month.

The price graph of LEOM on LeoDEX. Lower in HIVE compared to last month. Currently at 7.6-8 HIVE per 1 LEOM. Almost same than last month.

The graph of the staked LEO since the beginning of this experiment. The goal is to collect 5000 LEO by the end of 2021 mostly by mining. Still about half way to go.

Prices not the best, but community and things are developing. Let's keep going! Thanks for reading :)

Posted Using LeoFinance ^Beta