If you are still looking at crypto prices only, but not the marketcap, you are doing it wrong. The price as an indicator only, can be very confusing in crypto. Each coin has a different circulation.
Markectap is the real deal and the way to assess and compare cryptos.
These days it looks like its all about LEO on Hive with todays launch of the token on Uniswap. There are already some serious numbers about the incoming liquidity that should be added there, that will make the token more visible for people outside Hive. This should further increase adoption and integration in other projects.
I have been doing the @leo.stats report since the very beginning of the project. Way back from August 2019.
Here is a short overview of the overall LEO tokens in circulation, the price and the markecap.
LEO Tokens Supply
Here is the chart for the LEO tokens supply.
At first there was a 2M sell wall for LEO, set at 1:1 price for HIVE. PAL launched with a sell wall and this was copied from some other projects as well, since there are not many tokens in circulation in the first days.
It has become clear that the sell wall will not work as intended, and LEO started burning these tokens on a monthly level in a 200k batches, burning all of them in May 2020.
Apart from burring a 2M LEO tokens from the sell wall, there are also other ways that LEO was burned, that accounts somewhere around 150k tokens. (don’t take this as an exact number).
At the moment LEO supply is around 4.8M, with somewhere around 185k tokens printed per month. Note that there are tokens reserved for promotion and the team, that can be printed on occasions with great care 😊.
LEO Token Price
The chart for the average LEO price looks like this in dollar value.
This is an all time LEO price, with daily average. Its not a candle stick chart for visibility.
As we can see historically LEO has been trading in the range between 2 and 4 cents, with some spikes in between. In the last month the token has increased in value a lot reaching 14 cents.
LEO Marketcap
Finally the marketcap. Here it is.
It is following the price chart a lot, but look at the scale at left.
The LEO token marketcap has been around 100k for a long period of time. It has even dropped under 100k, when the Steem/Hive hardfork happened.
A 100k markecap is almost nothing. But in the last days the marketcap has passed the 500k and it looks it is heading for the 1M.
A token with a 1M marketcap can be considered as a startup and not just a joke.
These numbers for the marketcap gives clearer picture where we are and what is the potential. For a 1M markectap the LEO price will be around 0.2$. For a 5M marketcap at 1$. To reach Hive marketcap of around 60M at the moment, it will need to be above 10$ token.
All the best
@dalz
Posted Using LeoFinance
A million dollar market cap is a great psychological milestone for investors it’s the same with BTC since its not a trillion cap yet it’s not taken seriously!
Evaluations in this space are still very much fake it till you make it with chains like tron sitting in the billion range but doing not very much in my opinion to validate that valuation but okay that’s the market lol
Yea I know what you mean. When you look at the marketcap, the next thing you should check is token diatribution. A lot of the times these tokens have a major chunk owned by the founders, and only a small share on the free market, that they play with.
In the leo case, the founders share is not there at all... the marketcap is generated by the community share only.
I do respect that they don’t try to make a market and then dump into it just to take profits and not develop like we see with most crypto projects! The incentive to improve the product is aligned with the interest of the token holder and that’s a great footing to have to drive value for everyone
With Tron it helps when you have the right connections and bots bidding you ad infinite. Not to mention a direct knock off of Ethereum.
Posted Using LeoFinance
LOL to be fair he did at least change the token distribution so it’s not a TOTAL copy LOL! But that’s about it, ETH for China basically and super centralized
Congratulations @dalz! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @hivebuzz:
$LEO has huge potential
Posted Using LeoFinance
Thanks!
Yes it has :)
All the hive apps have!
I just learned. Thanks for this. Though, the price would always be the message for the common man out there.
Posted Using LeoFinance
It's true, I don't particularly care about the price, but the real potential of LEO. Today was the launch of yet another ambitious project and it will be very good to follow what the next days will be like.
I hope that this success is not limited only to LEO and that more other tokens from the Hive ecosystem can follow this evolution of LEO.
Posted Using LeoFinance Beta
These days, most people look at the prices of cryptos. Only a few percentage focus on the marketcap...
Leo is doing really well.
Posted Using LeoFinance
$10 LEO would almost be a shame, life just wouldn't be challenge anymore!
Posted Using LeoFinance
Lol ... what to do then :)
Posted Using LeoFinance