Well after taking a look at Leo i'm seeing the circulating supply 5.848 M / 6.241. Something like that a total of a billion coins. My evaluation would be along the lines of about $1-$4, with a more than likely possibility of it trading around $2. provided success continues as it is.
One issue i'm seeing with many of these projects in the social media area is they have trouble growing for some reason. I don't know why but after looking at comparative data they seemingly stop around the $10-30 million mark. Now in retrospect with the early good distribution that Leo will certainly gain alot more value from Hive. So it wouldn't surprise me if Leo gained 20% of the value of hive. Hive now is ranked 165 only about $43 million in value.
As far as Ethereum is concerned and the liquidity pools. I'm not sure if i'm sold on that story or not but if that's what happens then we'd certainly wanna add that data. What i do see is Leo creating a better product on Hive that makes Hivers wanna use it. So probably will be some value extraction.
So i'd on the modest end break it down to about $2. I don't think Leo will value more than Hive anytime soon but it will certainly possibly be worth $10 million.
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To start, this presumes HIVE stays at the level it is at which many of us think it will move up. It is not outrageous for Hive to move up to 20 cents over the course of a couple weeks, which would just about double its market cap.
Leo is obviously a long term situation. You are right that most social media has a tough time attracting newer users. That is where the rubber meets the road as they say. Can it attract the new users to push the marketcap through that $30 million level you mentioned.
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I think the Bitcoin versus the rest of coins comes down to development. Bitcoin has the financial basis where price is what matters most. To me, to locked up that store of value which I do not think it will lose. Thus, people will flock to it on speculation.
As for the payments, agree 100%. Stablecoins are truly the only way to operate. How can merchants (or any business owner) run a business if the price of the currency is apt to go up or down 10% in a day? It is impossible. That much volatility is not good for pricing of products or services. And lets be honest, is a token has any speculation value, then it is going to be volatile.
Hive, as most of the other blockchains that are technology based cryptocurrencies, required development, and lots of it. This is what is putting Ethereum, in spite of a substandard technological blockchain, at the front of the clase. Even though it has flaws, developers are still drawn to it. This keeps the process expanding.
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