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RE: AskLeo: "The When, How and What" of a $1 LEO 🤔

in LeoFinance5 years ago

Actually, many factors would contribute to that growth. In my opinion, they are:

  • CEX listing. I can remember how listing HIVE on Huobi pomped the price from $0.18 to $0.97 in just one week. We can have similar price action with WLEO which has much more advantage than HIVE in terms of supply.

  • Onboarfing. Assuming we had 1k new users in the LeoFinance community and each of them desired to hold at least 1k LEO. That would place a demand for 1 million tokens and we don't have that much in liquid supply. That would lead to a drastic price action beyond $1.

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Definitely two factors that weigh a lot on the price growth to $1. Thanks for sharing you view.

Posted Using LeoFinance Beta