Leo - My best investment so far!
Just about a week ago, Leo has started pumping to the tune of 60%++ and it has been doing well in LeoDex in terms of Hive:Leo swap rate. I personally can attest that Leo has been my best investment so far; considering the short span of a month.
It feels awesome that I bought about 1460 Leo about 28 days ago and then stack more to complete my 1500 Leopower about 18 days ago. The swap rate during the time when I bought was still 2:1 (Hive:Leo). I spent about $390 worth of Hive and exchange for a total of 1500 Leo stakes.
Now, looking at my Leo wallet...
My initial investment of $390 has grown to a total of $597; that's an amazing 53% growth in USD value. Another way to look at it is that my 3000 Hive investment has grown to about 5100 Hive. A net profit of 2100 Hive tokens; easily earned by holding Leo in a span of 1 month.
Now an important question...
Is it time to take profit?
At this point, I could powerdown and sell-off a portion of my Leo stake and invest that money to something else or simply cash-out.
However...
I feel that Leo hasn't reached its top price yet.
There more development coming to this Tribe which is yet to be released so that's something to hold on to. Aside from that, there will be the upcoming airdrop that will consider the amount of Leopower that you hold which could build the hype even further.
Even price prediction websites say that Leo (wLeo) will reach an unprecedented height that will make your investment today to double or even triple in the next months to come.
Is Leo a good investment at this point?
You might think that the current price of Leo is a steep price to pay considering the current price of Hive was stuck at 10-12 cents per token. But if we really think about it, Leo Finance is bringing more innovation to this network beyond our expectations. The Team behind it is the kind of people that can deliver a great product.
The tokenomics is also looking very healthy and as mentioned in some prediction websites, the Leo (wLeo) token will crash in the near future.
Taking all things that are happening into consideration, I firmly believe that Leo is a good investment to take. And it's still in its early stage which makes it easier to take part to.
As a last note, please don't take my post as financial advice. What I mentioned here is just a journal of my Leo investment. If you decide to take part in Leo Finance then please do your own research before you press the buy button.
Posted Using LeoFinance Beta