Tokens on the Move - What I am watching

in LeoFinance28 days ago

There have been a lot of tokens on the price move lately. Here are a few that have caught my eye recently:

$DEC

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With the impending release of lands and the pre-sale taking place on 7th November, $DEC has seen a steady increase. Raising to 0.0663 HIVE/DEC (0.00088c) this is still under the theoretical peg of 0.001c per DEC. I expect this to increase as people buy to purchase land. The DEC spent to purchase land will also be burnt so the total DEC circulating will drop significantly as well. Are you looking at spending DEC on lands for Splinterlands?


$LEO

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After the shock of the wLEO hack and investors dumping $LEO like madmen and madwomen, the price has held steady is is seeing another bump in price. I am suggesting this is because the team continues to move forward and learn from the mistakes of the wLEO hack and have plans in place for wLEO v2. There have a been a few big investors stake large amounts lately which is exciting.


$WEED

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The $WEED token continues to hold its highs over the past two weeks. After an initial investment from a big purchase, the token price is holding up well. The team at #WEEDCASH are also planning to launch $wWEED and provide another market in addition to Hive-Engine and EOS that they currently have. The $WEED token also has some functionality to purchase items through the weedcash.store.


$SPORTS

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The sportstalksocial token has a large token supply but and saw a small rise. There has been some hype around this token with a lot of shilling happening, though there is still some circle-jerking happening and the trending feed is dominated by a lot of actifit posts making it somewhat similar.

Thanks for reading.



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The DEC spent to purchase land will also be burnt so the total DEC circulating will drop significantly as well.

Are you sure about this? I think that I have heard in AMA with SL guys that they will NOT burn tokens, as they need money to build the lands part of the game...

Can you please confirm about this?