The LEO rocket has been sitting on the launch pad fueling for a couple months now. Every LEO locked away here is one more LEO that doesn't have to get bought off the market at higher prices. It feels like once SURGE is done, there isn't going to be a lot of selling left to weed through in order for LEO to make a jump.
Honestly, do you think LEO is worth the same now as it was 2 months ago?!? Not only are we approaching 5M tokens locked or burned forever (actually, we may have already passed that number), but LeoDex continues to ramp up volume, perps have been implemented, market-makers are now generating revenue, SURGE and LSTR are about to tap into Base, and there's been a couple more months of Khal & Co under the hood working on AI. This is NOT a 13 cent token. Not even close.
When LS implements collateralized lending and LEO can be borrowed against without being sold, not only will that add another lucrative revenue stream, it will bring in even more buying. Blast-off is near...
what are your thoughts on how the flywheel will manage in a bear market. I'm trying to figure out if I will just hold leo like last time, move into surge or take some profits during the bull run into my bank account.
It all depends on where LEO is when it starts. If it's still sitting below $1 then I'll probably just hold. If it runs to $3-$5, then maybe some profits into SURGE (depending on price), maybe use perps to cover downside risk, maybe just outright sell some and move into cash. The flywheel is going to flywheel and if LeoDex continues to gain strength, then a "bear" market isn't going to affect LEO too much. All it will do is allow LS and the POL to keep locking away LEO at cheaper prices. The roadmap to $10B is a very real thing. While nobody ever went broke taking profits, micromanaging and trying to trade the market have been proven time and time again to be risky strategies at best, and more often than not, a losing strategy.
Personally, when LEO hits $1000 in 10 years, I still want to own 40% of my stack. Still figuring out my plans for the other 60%. 😁
!vote I definitely want to keep this conversation going. It is going to be a fascinating subject moving forward. Flywheel benefits in a bear market could be a huge Leo selling point.
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The first thing after surge presale is convert some SURGE into LEO. I don't want to miss the rocket.
Latest Leostrategy post mentioned tokenized real world assets.