The crypto market in general has been bleeding of recent although there are signs of a recovery currently. We have watched before our eyes how many coins/ tokens did hit new all-time lows. While this current market trend is a good and golden opportunity for making some solid investments that'll could yield tangible profits, it is bad news for those who bought before now like myself. It's even more disastrous to some futures traders who pay less attention to stop loss or those who fail to follow the trend. As a result, the number of liquidations this past weeks are on a serious high.
Times like this shows the importance of trading with caution and the need to always consider stop loss. I know of a friend who got seriously rekt this period on futures. You know, some newbie traders just want to make quick money when they do not even understand the dynamics of futures trading. They let greediness take the best part of them thereby causing them learn by losing their capital. We all know that there's nothing as bad as losing your working capital in any business.
HIVE hasn't been left out in this market dipping. Hive which seemed rather stagnant in terms of price movement got to hit new lows amid expectations for it to moon. We saw it drop from about $0.19 to $0.14. This price seems very discomforting to some of us that live on our Hive earnings. It could be very painful selling off your hard-earned Hive at low prices. We hope it pumps to some meaning high price.
Source: Leo dex
A different story for LEO...
However, things have been very different for the Leofinance native token lately. LEO has gotten to reach new all-time high even greater than the value of Hive. At some points, 1 LEO was equal to 1.6 HIVE. The Leofinance community has equally made some serious achievements. On 23rd September, Wrapped LEO was launched implying that LEO can now be traded on the Ethereum blockchain.
Currently, LEO can be traded on the Uniswap decentralized protocol. And I'm of the opinion that this led to the price surge of LEO but not enough to sustain it. Early investors in LEO and bloggers in the Leofinance community would be rather excited on the turn out of events.
Posted Using LeoFinance Beta
Whatever the strategy, it's my desire to see every of the tribes grow. Just asking, what kind of contents, those lassecash support?
Cryptocurrency and business?
Are cryptocurrency-related posts not welcomed in the community?