Ignore the Marketcap because volume tells more.

I am really happy for LEO holders! It's doing some great stuff for HIVE and as well the emotions around here. I would be even more ecstatic if my charting abilities go through the roof because of all the volume! To be honest, charting is pretty easy with a crayon. Just find some support lines and draw away!

Here we have a VERY amateurish wedge. You guessed it! If LEO goes past that trend line; it's off to the races.. OR IS IT?

The first Big RED circle with a question mark is Marketcap! Hive Engine say's LEO has a market cap of 1,071,683 $USD. The second circle is VOLUME.
2,189 USD is pretty damn good for HIVE ENGINE tokens!

LEO is actually in second place in terms of the 24 hour market volume. I will humbly say in terms of HIVE ENGINE this is probably the biggest marker on Tribe / HIVE layer 2.0 activity. I am sure everyone wants to see more activity and the more there is volume; the more people are involved in trading and exchanging. This is probably one of the biggest litmus tests on how active the tribes really are.

During my time on Steem-Engine I was part of some pretty shitty shit-coin projects. I knew something was up when the 'founder' was buying his own token to make it seem like there was more activity, liquidity, and volume. He would take the STEEM purchased by us and FOMO.. and then use it to buy his own token. I told him this wasn't real volume, and he needs real PEOPLE! Suffice it to say he is still up to his old antics and I have abandoned that shit-coin.

Another pathetic practise of this so called individual was to trash STEEM as it's inflation is what would kill it. SO he would go onto other chains; create a token much like you can on Steem / Hive engine and try to suck money from those other chains acting as if these tokens were some-how all one unit (sort of what SMT is supposed to do).

Market Cap means nothing on HIVE-ENGINE. You can print as many tokens as you like; but the 24 hour volume speaks a hell of a lot more than virtual funds. If HIVE is successful, it won't be how much HIVE is traded on the main exchanges; it will be the internal activity of these tribe tokens. That is assuming of course SMT doesn't happen. I would then say HIVE trading on main exchanges would certainly take a much different spin than how it remains right now.

Yes of course Hive's market cap right now is important! It's even more important to on-board more crypto-peeps so that HIVE can up with it's inflation pool.

Posted Using LeoFinance ^Beta