3 Dollar LEO? Possible or not?

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Of course

I have seen a few people lately posting about how high they expect $LEO to go, and I see a lot of people stating that 3 USD is the target for LEO. Now, with the current maximum number of tokens of 30 million, that would make a market capitalisation of 90 million dollars. Which isn’t really over the top…

So, of course 3 dollar LEO is possibility, but why stop there? Why isn’t 5 $ LEO a target, or 10 dollars? With the current way of distribution this should be really in the cards.

The only danger for $LEO is the huge holders, with over 500K or a million tokens in possession. Will they be able to HODL, or will they dump their tokens once LEO hits over 2 dollars?

That will be the real test!

Sincerely,

Pele23

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10 comments
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I think sell pressure would increase as the price climbs higher. But the demand probably outweighs the supply over time, so any dip could just be an opportunity to buy more at a discounted price :)

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Any number is possible especially when you look at the deflationary tokenomics and it does look as though a $3 would be the low end even with selling as what is sold will be consumed.

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This cycle will continue until December and we will see a pretty good pump in altcoins as money starts to flow down from Ethereum.

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There is enough money on the market, I don't think ETH will lose anything.

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I have been thinking a lot about this as well. What is possible and will there be enough liquidity for big holders to take any sizeable gains. A lot of it comes down to if the bridging works correctly to the other chains and if the InLeo platform can get enough traction to have advertising revenue to keep perpetuating it. Because if we are all throwing funds at it and it primarily ends up being a low liquidity circle jerk for a couple hundred people it would seem it could come down pretty fast and all these various other assets surrounding LEO 🦁 wouldn't do well either. It could do something insane but I'm trying to stay rational.

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Leo is a good buy too bad I didn't have any funds to buy while it was still low but we move ahead getting other index

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I think 1$ will see a lot of sales

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Yep, big accounts will definitely want to take profit. I think where the price can go will mostly depend on the success of LeoDex and LeoStrategy. If both keep rolling really hard, LEO price can actually explode.

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