On August 19, I bought 30 SURGE to test how this token performs in terms of providing passive income. After 27 days, on 17 September, I added 60 more. Two days later, I added another 60 SURGE. Currently, I hold $111.59 worth of SURGE.
Holding 150 SURGE gives me a weekly passive income of 0.432 HBD. With the current market price of HIVE, that is equivalent to 2.308 HIVE. How about if I make it double, from 150 to 300 SURGE? That would be a weekly passive income of 4.616 HIVE. This amount of HIVE is more stable than the curation reward I am receiving from my posts, which, without the support of @leo.voter, would be fortunate if I received even 2 HIVE.
I am still holding 490 liquid LEO and 3,000 LEO power. The 3,000 staked LEO is for long-term play, whereas the 490 liquid LEO aims to capitalize on the token's price volatility. I am just waiting for the unsold SURGE on Hive Engine to fall below 200,000 and also for LEO to bounce back near 1 HIVE. Once I see that, I am thinking of using the HIVE from selling LEO to add 150 more SURGE.
Posted Using INLEO
Let's see if surge price holds or pump or dump
No one can crash the price because everyone bought at 4 SWAP.HIVE. If the top four holders of SURGE, equivalent to 23% of the total 500,000, will "crash" the price, that would mean they are willing to sell SURGE at a loss. The crucial question for me is that once the 500,000 has been bought, what will the LEO team do next? I think they will issue another batch of SURGE until they reach the maximum supply of 2M.
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