Historically, whenever you get a free coin, it plummets in value.
Just look at:
-Bcash (bitcoin cash)
-Ethereum classic
-Every single other bitcoin fork
Uni token (its way down in btc and eth value although USD value is up)
-1Inch token
And so on, sure we might get a temporary pump if there is super low supply and a moment of increased buyers, but unless there is incentives to keep buying the token then most people will cash out some or all of their airdrops.
Posted Using LeoFinance Beta
Spot on! That's what I see as well, what usually happens.
My take: Better not to change plans (in case a plan exists) just because of a free airdrop. Continue as if the free airdrop is not gonna happen. Or take short term profits when the pump is happening and rebuy after the airdrop :)
Posted Using LeoFinance Beta
There are exceptions. LEO was an airdrop for Steem holders (before Hive split) and so far LEO is doing pretty good. But yeah, most airdrops don't do too well.
Posted Using LeoFinance Beta
Do you realise why LEO is doing well?
And foremost:
And maybe the most important:
However, the above is not a guaranteed LEO will continue to do very well. Not saying Leo doesn't deserve to do well, but we all know how crypto-based social media is performing.
Posted Using LeoFinance Beta
Thats true, and LEO + Hive will be bigger than Steem so there’s that too
Posted Using LeoFinance Beta