Interesting to add that LEO is also well below 1:1 with HIVE too.
I've been changing all of my (small) liquid HIVE rewards to LEO since we went below 1:1.
95% of the time, I sell to 'enginemaker' which I assume is a bot who's arbing with the wLEO price?
I wonder how much they can influence price in what's obviously a highly illiquid LEO market.
Probably quite a lot, making looking at price charts sort of irrelevant for now?
It all comes down to whether you believe LEO will have enough of a use case to create true demand on its own.
Posted Using LeoFinance Beta