Sold my UTOPIS and wondering about LEO.
There was a time when so many projects were running in Hive-Engine and everyone was promising better returns than investing in Hive. So many projects actually delivered the better returns than Hive, but look like it was just a hype and returns were not sustainable. Even those returns were not sustainable, I will be happy to see those project live, building something each day and able to return some type of return to their investors, but instead they got shut down and caused the total loss of capital to their investor. With the latest BRO/BROFUND becoming rogue, I guess most of the trust is eroded in Hive-Engine projects.
UTOPSIS was started with Chronocrypto and I guess in peak, it was traded above of 4 SWAP.HIVE per utopis. I have no idea what exactly happened but dividend stop coming. I had already invested for more than 400+ UTOPIS. So I guess, it was close to 1600 Hive investment.
Tough even the projects has not so much updates, I have kept my UTOPIS. Just checking the Hive-Engine, it look like there was activity happening on the UTOPIS market and I checked posts and it look like, he is buying the UTOPIS and sending them to null. I sold my UTOPIS close to 1 SWAP.HIVE (0.99998989 SWAP.HIVE) and all my 400+ UTOPIS got sold (or purchased by Chronocryto.
It is still loss of more than 1000+ Hive and significant amount of time but it is still good to get something, specially when I concentrating too much on increasing my Hive power.
And the LEO monitoring.
A month ago, LEO was trading for almost 1 SWAP.HIVE per LEO, with Hive price went down from 13 cents to close to 11 cents now. On top of it LEO price is now below .80 Hive, so LEO is currently trading below 9 cents. So from 13 cents it went down to 9 cents, so it almost lost more than 30% of it's marketcap. So I am feeling that LEO has now not much demand (apart from Leostrategy buying). All the claims of $1 to $10 soon are still very far away.
In this downtrend, the positive thing I witness in Hive-Engine that it has healthy volume of over $1000 in a day.
With Bitcoin price crashed, HBD is losing peg multiple times in a day, Hive is trading close to its lowest mark, I am feeling uncertainty in the crypto markets. I wish all the best and will advice to be cautious.