HIVE keeps drifting lower while LEO continues to climb...

LEO is currently trading at $.11 while HIVE is barely clinging to $.17.

At this rate, the hive-engine darling may soon be trading higher than HIVE.

Check it out:

(Source: https://hive-engine.com/?p=market&t=LEO)

As you can see LEO just keeps moving in the right direction, mostly being driven by news out earlier in the week about work being done on a wrapped version of LEO that would open LEO up to the ethereum blockchain.

More on that can be seen here:

This is likely the beginning of LEO eventually getting listed on more exchanges and the market is started to price it as such. Though keep in mind that the dollar volume being traded on it each day pales in comparison to what HIVE does, which means LEO is still a long ways from anything close to HIVE.

Unfortunately for HIVE investors, it's been pretty much the opposite for HIVE these last several months, with today being some of the lowest it has been.

Currently barely clinging to $.17...

(Source: https://coinmarketcap.com/currencies/hive-blockchain/)

In HIVE's defense it is listed on many more exchanges that mostly control the price action of HIVE, and considering there has been a crypto-wide route these last few days, HIVE has been caught up in the selling.

Though, admittedly HIVE is still down more than most.

Which is a shame considering it went up less than most.

Not a good combination...

That being said, HIVE is trying to eventually be something similar to ethereum where lots of things are built upon it and if successful will likely be wildly more valuable than it is currently.

I also think the DAO has been part of the problem for HIVE. A lot of HBD has been doled out to projects over the last several months, most of which was dumped on the market, which eventually increases the supply of HIVE.

And that problem could potentially get worse with the next HF coming that will add millions more HBD over the coming months/years.

We need to make sure the all the proposals getting funded are held accountable during the entire length of the funding process going forward to make sure value is being added to the HIVE ecosystem.

Stay informed my friends.

-Doc

Posted Using LeoFinance