Can Someone Explain SteemLeo's Price Increase?

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Screenshot of Steem Engine - Smart Contracts on the STEEM blockchain.jpg

I was hoping that someone in the @steemleo community could explain why the price is gradually moving up. And, explain it in simple terms.

I love the token but I am not an expert in the niche so I rarely write posts there. So to me, it seems that is not the tribe for me although I hold 1,000 tokens.

I try to load up on tokens for tribes that I feel comfortable posting in. For example I am a Reggae Music nut so I often post in @reggaesteem because I feel I'm somewhat of an expert in the niche.

I read and curate at SteemLeo because that's where I go to learn more about steem. But, if the token is a good investment I'd like to understand why and what is causing the price to rise. I don't feel like I will earn a lot of Leo but I am willing to exchange tokens from other tribes into Leo if I feel there is value there.

I hold several tokes either through airdrops or posting and if Leo is the best place to hold them, then I will buy more.

So I guess I'm asking for a little tribe guidance here for someone who doesn't necessarily understand the technical reasons why tokens move up and down.

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The token will keep increasing because of the scarcity in place.

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Better than the other tribes? Is it worth selling and buying more leo now? I would hold them because I don't post much here.

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The token is moving up because this is one of the more aggressive communities at burning tokens and making sure the supply of it is tight.

There were only 4.7M to start and we are now close to 4M. The community keeps growing with over 4,000 accounts holding LEO. This is one of the tokens that seeks to move up in price simply because the team behind it is focusing upon expanding the usage on the tribe while supporting the token.

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good to know. I've always like the tribe and the team. I'm thinking about cashing out some other tokens and buying more to stake. Have a !BEER for your comment

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Hi @cflclosers!

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As @taskmaster4450le said, the LEO founders are one of the most focused into increasing the scarcity of the token & usability of the tribe by providing the users a lot of sinks for it.

In addition to it, the 'smart' distribution of the beginning, the fact that we are 'investment related' and the low and measured supply that we have helps a lot.

If Steemleo as a hole keep pushing like it's been already doing, I don't see reason for not reaching parity with Steem (Even more when the sell wall of 1,4M being burned in a few months).

In the meanwhile, let's keep burning and rewarding the good content.

Regards!

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