Welcome to The Daily Leo! We pull the best articles in Finance, Crypto news, and Hive/Leo into one condensed information-packed space. Be sure to follow @thedailyleo so you never miss the Daily LEO. You can also subscribe to the newsletter here Subscribe to the Daily LEO
HIVE in Crypto Cycle
The worst may be over for the crypto market, as brighter days lie ahead regardless of the U.S. presidential election outcome. Following a harsh bear market, Bitcoin has been rising since November 2022, though altcoins are yet to see significant gains. With inflation receding and central banks cutting interest rates, funds may flow from traditional investments back into crypto, potentially driving prices higher.
Bitcoin dominance remains around 60%, limiting altcoin growth, but the TOTAL3 chart indicates altcoins might soon break out of their downtrend. HIVE, resilient above its lows, may test higher levels in the next bull cycle.
Blockchain Creativity Is Carving Out The Future
Tokenization is transforming the financial landscape, evolving from a niche concept in 2016 to a cornerstone of modern finance. While early adopters were primarily crypto enthusiasts, major institutions like BlackRock are now exploring tokenizing real-world assets. This shift will soon permeate everyday life, making blockchain technology integral to daily transactions, even for those resistant to crypto.
SocialFi (SoFi) is also expected to grow, integrating payments and token-based rewards. Current institutional moves signal that blockchain is here to stay, presenting a unique investment opportunity with long-term potential, despite short-term volatility.
Gifu has kicked off November with major updates: they’ve partnered with top play-to-earn game Splinterlands to create themed GIFs, boosting brand engagement. Swap.gifu has quickly gained traction on Hive Engine, ranking second for traded volume. In addition, Gifu has powered up 500 Hive to support blockchain curation and strengthen the project, bringing their total recent Hive power-up to over 1000.
To further boost the token’s value and holder confidence, they burned 4.438% of all Gifu tokens. Gifu continues to offer affordable community engagement tools through custom GIFs and tokenomic enhancements.
Splinterlands NFT Discount Now Available
Many Splinterlands users are unaware of the potential benefits of long-term investments, partly due to the platform’s decentralization. Buying NFT cards at discounted prices can significantly benefit smaller investors, with some users finding valuable deals that enhance their collections.
Researching the best prices and monitoring price drops, like a 20% discount, can help users grow their collections affordably. The post encourages users to explore informative content on Splinterlands, such as a featured article on price drops, to optimize their investment strategies and build confidence in the game’s ecosystem.
InLEO is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Posted Using InLeo Alpha
