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Effects of Leo external Listing

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Belemo
@belemo
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3 min read

Well, yeah, let me start by saying that if you're a Leo holder, then you're about to get a tad bit richer. However, don't take my word for it, since I'm not much of a punter, take the word platforms like Coingecko, Coinpapricka, Blockfolio and the others who have put listed Wleo as a tradable token on their sites.

Now, getting listed doesn't translate to bull run but what it does is increase the chance of a bull run. Getting listed increase the chance of a bull run because more eyes start looking our way and when they do, they start throwing money into the project and then, of course, the bullishness begins.

Leo is a low cap token and while a token price of say $1 is very feasible in the short run, that price isn't actually the ceiling. If things go well and outside investors recognise this potential, there will be some serious price movement in the coming days.

Internal Competition

The success of Leo will invariably rub off on other projects around the area and I'm pretty certain that they'd be thinking they can also get listed. It may not be immediate, but I expect some other hive-engine token to go through the wrapping route, and do some rounds on Uniswap.

The knock on effect of internal competition between projects will, of course, be good for Hive as a whole. It will fit well with the "fork of steem overshadows Steem" narrative quite well and inavriably bring more people to Hive.

None of this is financial advice though, I'm just airing my thoughts. You should always do your own research.




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