I don't know if you've noticed but ever since LPUD started, the price of $LEO has held pretty nicely against the overall market, and it only lost a big chunk of value with the LUNA collapse that affected all of crypto and brought BTC down from 30k to the current value.
Compared to the $HIVE price, $LEO has held its ground pretty nicely, and it has actually increased in value from the recent 10:1 ratio and so far it's been holding the 5c price despite the market shitting itself and lots of projects dropping like flies.
Yeah, I know that $LEO was once valued over $1 and all that.
I'm talking about the most recent price action and everything that has been going on within the LeoVerse. Since @leogrowth became an active account and the Leo Finance team started focusing on growing the social side of Leo, it's been only bullish sentiment, at least for me and the other 600 Monthly active users that have been active through this year - yep, we haven't lost a lot of users.
Compared to the overall market that is amazing. A lot of projects are dead now, if not in price they are in active users.
The cool thing about social platforms built on top of the blockchain is that it is very easy to measure user engagement and activity: If they post, comment and vote, then they are still active whereas in other projects in the crypto space you have to measure wallet activity and even then, it's not easy to track how active they are within the community.
Defending the Price of Leo
Now, I also don't know if you have noticed this, but we are slowly establishing newer price floors every month after LPUD, but we are still seeing significant pumps before LPUD and then we see a bit of a drop in price from people who take advantage of the pre Leo Power Up Day pump.
In crypto there's a concept that most of us might not be familiar with: Defending a price.
Defending a price is simple - once the price of a token reaches a certain level, bullish holders have to keep buying whenever they see a negative trend that might have a snowball effect or that bearish holders (or just opportunistic holders) will want to take advantage of.
Once LPUD ends, there are some sellers who take advantage of the recent price action to dump their tokens at a higher price, drop the value, and then buy cheap again in the middle of the month when the dust settles, only to sell again after the next LPUD.
But this can be avoided
There are many ways of doing this.
One of them could be to build a massive buy wall above the price where $LEO was at before LPUD.
Another one could be for Lions to just keep buying $LEO after LPUD with whatever little amounts they can and keep the price of the token hold steady.
Either of these two options help the goal of not letting sellers push the price of $LEO too low compared to where it was before LPUD, and it also avoids having big price pumps during the few days before the Leo Power Up Day.
Avoiding patterns
Since LPUD has a set date, it is pretty easy for people to time the market and buy during the month, wait for the pump on the 13th-15th, sell the tokens, and then buy again once the price goes back to pre-LPUD prices.
But if we don't allow the price of $LEO drop too much compared to the pre-LPUD price, then these sellers either re-buy at a loss, or they decide to completely stop playing the market a) they stop buying and obviously stop selling cause they have no stack or b) they buy again but with a bullish mindset awaiting for an eventual 10x or something.
Take me for example. I already placed a buy order of 1950 $leo to defend the price:
If you want to join me on building this wall a-la-Trump, set your buy order at 0.153 - this means we will be defending the price of $leo against $hive at a ~6:1 ratio, which is not bad at all.
Best case scenario, new buyers start setting buy orders above that price and we bring the price up.
Worst case scenario, bearish sellers get rid of their tokens without bringing the price down.
Either way, I consider both of them a win. But this can only be achieved as a Lion pride, if we all join forces to defend the price of $leo.
This scenario is obviously dumbed down, of course it is not that simple.
But what it is simple as hell to understand is that if we defend the price of the $leo token right after LPUD, we will turn this crab scenario - which is good considering how shitty the market is right now - and we can turn Leo into a bullish scenario in terms of price action.
I mention bullish in terms of price action because in terms of development, Monthly active users, and the social side of the LeoVerse, we've been bullish as fuck over the past 7 months, and LPUD is the best example of this.
And man, 2023 is coming full force
If you don't believe me, ask @trumpman. Even he is turning bullish on the LeoVerse as of late. What is next, Tony the permabear becoming a permabull on Leo?
Perhaps that's too much to ask, all I'm saying is, man, I am so bullish on Leo.
Today I had a short meeting with @khaleelkazi to talk about what he has in mind for 2023 and all I can say is, I'm incredibly glad I've been stacking $leo like crazy over the past 7 months.