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Only a matter of time before whales appear out of the Hive engine.
What Leo has achieved in such a short period of time is literally incredible. This only goes to show how things can turnaround in the blink of an eye opening up so many possibilities. Looking at Hive engine today we can see there is some sort of movement happening as everyone is eyeing out what could be the next big thing or getting themselves in a favorable position just incase.
I do believe the next Hive whales are going to pop out of the Hive engine at some point and are probably there already unknowingly what they are sitting on. What I like is everything is backed by Hive similar to the ERC20 tokens on Etherium. There is some sort of value no matter what you stake and time will tell how much value you have.
Sports as a prime example has a ridiculous amount of tokens (10 trillion) yet it wouldn't take much to create a value worth having. I can recall the price being at 0.1 in the early day which is the same as 10 percent of the value of Hive. The price doesn't need to go anywhere near there in the future and don't expect it to unless some miracle happens. 10 trillion divided by 1 million accounts means everyone would have 10 million sports which is not very much really. We know how many sports enthusiasts are out there and 1 million is absolutely nothing in the big picture.
I believe that accounts staking will not be in the 10's of millions but will be in the 100's of millions over the next few years as that is where it is heading looking at the rich list. This is without any mass adoption which obviously everyone is hoping and expecting at some point.
In my mind sports can easily achieve 0.001 which is 1000th of the price of Hive. 1000 sports = 1 Hive in other words so an account theoretically staking 100 Million sports would have the value of 100 000 Hive. This in my opinion is very realistic and why I am so optimistic about sports over every other coin on the Hive engine.
I have heard there is a game being developed which will not only bring more eyes onto sports and Hive ,but also will help burn tokens. It literally doesn't take much to turn things around generating a sound investment. tribes that may seem to have a worthless token today could be the ones holding the fortunes on the Hive block chain.
This did cross my mind today as users who have very little Hive and their votes are more like shrapnel are actually holding some value elsewhere. A post on sports may make 1 Hive, but actually be making 6 Hive in sports tokens. Over time with staking this will be more like 20 or 30 Hive increasing as the tribes grow.
Today the token went from under 0.00005 right up until 0.0002 and back down to the 0.00006 region. Any growth is good growth and this will be investors staking sports looking long term as I can't see it being anything else.
That would be awesome if they can build some other utility for the token. I look forward to seeing what they can come up with. I need to hop back over into that Discord more often. I have been quite the slacker when it comes to that sort of thing. Covid really messed everything up on so many levels.
That would be great to see sports token have more value!
Posted Using LeoFinance Beta
I was talking to a friend about sports token. He said he's hoping for it to reach .03 cents. I immediately told that was going to be impossible in the near future considering how much the circulating supply. However, I'm accumulating as much sports as I can should incase a pump comes like that of leo
Reading this post, my endorphin is released more.. 😁
I have to admit that I still don't really understand how any of these tokens work but since you are so involved with the sports token, I'm happy to see it is doing well!