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