So are you ready for Leo Power Up Day?
It is now just a week left for the Leo Power Up Day and Leo is able to retain much of its value as it is still trading around about .075 cents. It shows that the market still has little more selling pressure on the LEO than buying pressure currently but I think in this LPUD there is a high probability that LEO might reach and surpass the previous LPUD value.
If you look at the @leo.stats, there are still less than 16 million LEO and the daily emission rate is now around 5000 LEO, Calculating the market cap of LEO assuming 8 cents per LEO it comes to around 1.28 million USD and it is really nice market cap number for a tribe token. One of the reasons that LEO is able to sustain itself in such a valuation is because it liquid supply is very limited and locked.
Assuming 8 cents LEO and 5000 LEO emitted every day, it adds $400 to the market cap daily and it comes to around $12000 per month addition. I guess we need here LeoADS revenue and buyback numbers to understand the actual growth feasibility of the LEO token. If LeoADS are able to generate decent Ad revenues and content on the LEO is able to attract more users then it is definitely going to make a strong buy pressure and LEO price can see a more upward trend.
I am definitely seeing more activity in LeoFinance and the content presentation is also improved a lot which makes the platform more interesting. There are a lot of users in this world that wanted to be onboarded on the web3 platform but unfortunately, they are not aware at all. If Leofinance is able to break into the users that are searching for a decentralized and censorship-resistant medium, then LEO growth can be manifold within a couple of months.
I have a few ideas on my mind that I think if implemented along with the current ideas of the team, I feel that it will definitely become a game changer for Leofinance and I will definitely share my thoughts here. Overall my outlook is still Bullish on LEO and I am still accumulating my LEO to power up on Leo Power Up Day and I hope these powerup will definitely help me to keep accumulating more Leo and maybe if I have been
lucky, then I might be able to win some prizes in this LPUD.
Posted Using LeoFinance Alpha
