Welcome Back,
The cryptocurrency market is filled with thousands of projects, but the reality is that most of them are here to trap or scam people. Still, if you manage to find one golden project among them, you can make multiple times your money and even build a path towards financial stability. In today’s blog, I want to talk about the Leo token, which I believe is one of those rare projects. I will also share why I believe in it so strongly. But before that, if you have not yet read the blog I published two days ago about the LSTR token, I recommend you go and read that one first. It will help you understand how that project is helping the Leo token grow even further.
Tokenomics
There are many things I could talk about related to the Leo token, but in this blog, I will focus mostly on the tokenomics. I personally believe the tokenomics of Leo are among the strongest I have seen in recent times. Tokenomics refers to the data related to how many tokens a particular project will ever have. It also gives us complete details such as how many tokens have been burned, how many are currently in circulation, what is the total supply, and what is the maximum supply. So we are going to explore the tokenomics of Leo and try to understand why I think it can become the next big thing in the cryptocurrency space.
I will also share my personal market cap prediction for the Leo token in the near future. And believe me, I always stay realistic. I am not one of those people who just randomly say something without logic or proof. If you have been reading my blogs, you already know that I always try to support my opinions with valid reasons.
Which category does Leo fall under?
First of all, let us understand what kind of category the Leo token falls into. If you check based on market cap, it currently belongs to the category of nano market cap cryptocurrencies. These are tokens that have a market cap of less than 50 million dollars. Leo token, as of now, is sitting at a market cap of less than 2 million dollars.
Now let me be completely honest with all of you. Nano market cap tokens are generally considered very risky. Their low market value makes them vulnerable, and many such tokens end up vanishing. But on the other side, high risk can also bring high reward. If you are able to find a gem in this category, it is possible to make one hundred times or even more on your investment. I personally believe Leo is one of those few projects where this 100X thing is actually possible in the near future.
Total Supply and Targets
Right now, the price of 1 Leo token is around $LEO ( $0.6). It has been pumping like crazy recently, so by the time you read this, it might even be seven cents or more. But at the time of writing this post, the price is 6 cents. So if we talk about a 100X gain, that means the price would become 6 dollars per Leo token. Now to know whether this is a realistic target or not, we need to check what the market cap would be if one Leo token is worth six dollars. For that, we need to know the total supply of Leo tokens, and based on the official information I have, the total supply is 30 million tokens which is also reducing as burning events are also taking place.
So let us do the simple math. 30 million tokens multiplied by 6 dollars gives us 180 million dollars. That is the market cap Leo token would need to reach if each token becomes six dollars and honestly, 180 million dollars is not a huge number in the crypto space. There are many projects which have no real use case and are still sitting at two hundred million dollars or more in market cap. So I believe Leo token has every reason to reach that level and even go beyond that. It is not an unrealistic target at all.
Comparing with Rival Blockchains
In fact, if I compare it with one of the earliest social blockchain projects called Steem blockchain, even that project used to sit at a market cap of 200 million dollars. But now I checked, and currently the market cap of Steem is close to 80 million dollars. Still, if we compare Steem with Leo, there are many clear differences.
The first big difference is the way whales behave on these platforms. On the Steem blockchain, whales are often seen just dumping their tokens in the market. On the other hand, on the Inleo platform, the whales are actually here to protect the project. They are not dumping tokens but are instead buying and even staking them for the long term. That is a huge difference. And I am not saying anything bad about the Steem blockchain, I know some people still use it, but I personally have my own preference, and that is InLeo.
Even though the Leo project came into existence because of the Hive blockchain, which itself was born from the Steem blockchain, I do not think we can give all the credit to Steem. Leo is now doing its own thing, and honestly, doing it better than any other social blockchain out there right now.
There are also some strong developments happening on Leo. There is an ongoing buyback initiative. There are multiple front end themes to choose from, unlike Steem where the front end still feels outdated and has not changed much in the last nine years. Leo is getting modern, while Steem is still looking the same as before. One more thing that makes Leo stand out is its limited supply. That is something unique in the world of social tokens. Don't believe? Check Coingecko.
My Prediction and Conclusion
So now it is time for my personal prediction. I think we should not aim for anything less than 500 million dollars of market cap for Leo token. If we reach that target, 1 Leo token would be worth 500/30 ( market cap divided by total tokens) . I will let you do that calculation and write the answer in the comments. That way, I might finally get some comments under my post, which I usually do not get.
But yes, that is my prediction. I am not giving any financial advice here, because at the end of the day, as I always say, it is your money and your responsibility to invest it wisely. Still, if I were to follow the rule of diversification and pick one token to be a part of my portfolio, I would definitely give that spot to Leo token.
Thank You and Happy trading everyone.
