BRO has been the Hive Engine token that everyone's wanted these past few years, but that no one's bought due to it being so expensive. For at least the past 2-3 years, it has been hovering around 7-9 HIVE per BRO. All things considered, that's not really a crazy amount for a share of something, but when compared to the plethora of other H-E tokens going for fractions of a penny, it proved a tough swallow for most users.
Acknowledging this, @raymondspeaks released LGN a couple years ago. This was designed to be a cheaper alternative to BRO, the silver to BRO's gold. He airdropped this one to many people, but people are funny. While they want and try to buy BRO because it's expensive, they dumped LGN because it was cheap. But at the same time, you can't blame people. Everyone in the crypto space is almost conditioned to instantly sell any airdrop they receive without even looking at what they are actually dumping. Anyway, accepting the challenge, Ray started buying all the LGN being dumped and then burned most of the supply, so much fewer remain. The price started going up.
But now for various reasons, some BRO and LGN whales have started dumping both coins. You can currently find BRO going on the market for around 4 HIVE and LGN for around 0.27 HIVE.
If you believe in Ray or in either of these two tokens, these are incredible sale prices. Even if you don't want either coin, if you think they might recover as soon as the whales dump everything they have, well this is a great flipping opportunity. Buy BRO for 4 HIVE then flip it for 8 when the price recovers, or buy LGN for 0.25 HIVEthen flip it for 1 HIVE after it recovers.
I think both will recover. I think Ray's ideas are good and I think the prices are going back up to what they were if not higher. I'm buying and various other believers are too, but just saying... if you believe in these two tokens enough to think they could recover, and if you have some patience to wait for their recovery, this is a great chance to turn a profit.
Anyway, just wanted to put this out there for everyone. I am taking advantage of the dumps, and wanted to inform all of you so you can as well. Yeah, informing you guys might make it harder for me to take advantage, but oh well—I think HIVE works best when we all help each other, so I'm happy to spread word of this chance.
Happy buying!
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David is an American teacher and translator lost in Japan, trying to capture the beauty of this country one photo at a time and searching for the perfect haiku. He blogs here and at laspina.org. Write him on Twitter or Mastodon. |