I had an #askleo post a few months ago asking the community when you guys think we would hit $1 per LEO and from what I remember my answer was somewhere by the end of the year, back then LEO being valued at around $0.3. That forecast got off by two months and it doesn't matter at all.
It's pointless to even think of a $1 LEO right now as the Leofinance community token is inches close to that threshold. It's a matter of hours until we reach that target, if we haven't done that already while I was away shopping. So...
When $10 LEO?
My take is that we will live to celebrate that somewhere in mid summer, right before we will have a correction to cool down, before the mega rally preceding the volcano blows off stage. That's my take and I have a bit of reasoning for that, it's not just wishful thinking and a dry target that I don't even believe in.
I do believe we will have a $10 LEO, it will go probably even higher by the end of the bull market, and I'd say the road from $1 to $10 will be eaten way faster than 10 to 100 cents. If STEEM managed to reach $7 or whatever it has got to back in 2017, why wouldn't LEO hit $10? I'd say that fundamental wise Leofinance is kicking the ass of what Steemit was.
One of my reasonings behind the $10 LEO price target for mid summer is the FOMO which we haven't seen yet. Remember we're just having test pumps and warm ups in the market for now. The total market capitalization for the altcoins has just got past its previous ATH so we're in uncharted twrritory now.
The main reasons for LEO going from $1 to $10 in around four or five months from now, or even less, it's what's being baked by the Leofinance team. The project blank that we're all waiting for, LEOFI and a major exchange listing. Those three imo are going to be the major catalysts for LEO reaching $10.
My take is that all cryptos will pump this year and we haven't got yet to the point where fundamentals do weigh hard in a crypto's price appreciation, maybe in the next cycle, but the ones delivering are definitely gonna do great this bull market and LEO will be one of them.
Leofinance has managed to create a liquidity pool, got alive and well after a WLEO hack, is in works in releasing a great alternative for twitter and for sure a way better one, and there's talks of LEOFI, all of them weighing heavy on the token's price. My take is that we will have at least one exchange listing as well for this year and here's your roadmap for a $10 LEO.
It won't be a rocket hit show, and honestly I don't even want that. I'm wishing to see LEO appreciating, rather than pumping, same as it did so far, claiming ATH after ATH and gradually conquering $10 per token. For some it's hard to believe probably that this thing will get to that high dollar valuation and I don't want to sound like dobartim, back in 2018, who was full of crap about his $30 and $100 STEEM.
No, I really believe all the above I wrote about, and if you don't find my post inspiring enough or having any meaning in any way I'd suggest you to follow @taskmaster4450 as he's way more convincing than I am, do the same with Khal(
@khaleelkazi) and the
@leofinance account. See the developments, try to envision, have a look at the overall market and where the industry is heading...
... what the tendencies are and what humanity craves for and maybe you'll then believe me that $10 LEO is more than achievable and that'll happen sooner that you might think. It took BTC years to finally claim $10,000 back and just a few months to get to $50,000, why would LEO not be able to replicate such exponential growth. This is the year of the bull, remember that.
Thanks for attention,
Adrian