Hello everyone! It's the 15th of the month again and today is the Leo Power Up Day (#lpud). Last month, I increased my Leo Power to 2000 LP. Today I will be staking 150 LEO.
BTC and Altcoins
$BTC:$101,904.00 price is currently holding at around $100k due to accumulation by Microstrategy who continue to buy BTC. The altcoins on the other hand have not recovered yet from last week's highs. $HIVE:$0.31 is hovering around 30 cents from a high of 44 cents last week.
LEO PRICE and LSTR
$LEO:$0.07 has been doing great and is at $0.07 right now. There is a new initiative called LSTR which aims to mirror Microstrategy only that LSTR will be buying $LEO:$0.07 instead of $BTC:$101,904.00. This has helped stabilize Leo's price, provided support and eased selling pressure.
$LSTR also has a token in hive-engine and currently trading at $ 1.31.
InLeo Welcomes New Users to Hive and InLeo
Due to the collaboration with Dash and continuous promotion, InLeo has attracted a lot of new users to both Hive and Inleo. This is a welcome news since more users would mean more adoption and price increase of the LEO token.
Conclusion
If you are an InLeo member then it's a good idea to stake LEO tokens build your Leo Power. This will not only help support LEO but it will also increase your curation leading to more LEO earnings.
Thank you for reading and Happy LPUD!
