There is something bigger at play that is going to make wLEO moon in the not too distant future
All the hype as of late has been surrounding getting wLEO listed on Uniswap.
Don't get me wrong, it's a big get.
Even bigger is the fact that the total liquidity in the wLEO pool on Uniswap is currently $167k and climbing.
Which is orders of magnitude higher than any liquidity LEO has ever seen on Hive-Engine.
This is what is going to help attract those defi traders and defi groups that love to pump them some micro cap tokens...
Which is sort of what leads me to my main point...
LEO has an ace in the hole...
Yes, getting listed on Uniswap was huge and yes there is the potential for a defi group to come in with a couple hundred grand worth of buying power and literally moon the price of wLEO in a matter of minutes, but that isn't the end game for wLEO.
The fact that that is even a possibility is all due to the minuscule market cap we are dealing with here. The total market cap of the token is roughly $700k at the current $.14 price.
This tiny micro cap is exactly what is going to make it moon in the not too distant future.
How is that going to happen exactly you may be wondering?
Well, it's all due to LEOs ace in the hole...
The ace in the hole being, ad revenue.
As it stands right now, https://leofinance.io/@jrcornel generates ad revenue. Well, not my blog specifically, but the entire leofinance.io platform.
This ad revenue is used to buy up LEO on the markets and send it to the null account, effectively burning it and reducing supply.
Currently that ad revenue is said to be getting up near (and potentially over) $20 per day.
That may not sound like much, but $20 per day is $140 per week in buying pressure in the LEO markets.
Markets that routinely do a couple thousand in dollar volume per day total.
Annualized, that would come out to roughly 1% of the current market cap being purchased and burned each year, not too shabby!
Here's where it gets really exciting though...
There are currently only a couple hundred leofinance users generating that $20 per day in ad revenue.
What do you think happens to those ad revenue totals when that number goes up to a couple thousand users, or ten thousand users?
That ad revenue is going to spike in tandem.
Imagine what kind of support the price of LEO is going to get when hundreds of dollars are supplied each and every day as buying pressure in the LEO markets directly from ad revenue.
That is the game changer for LEO compared to many other crypto projects.
When you combine this potential for growth as well as revenue generation with the tiny microscopic micro-cap and you literally have all the right ingredients for the price to go significantly higher in the future.
The neat thing in all this is that as the price goes up, it will pull more people into leofinance and that will cause an increase in ad revenue, which gets put right back into the LEO markets which helps push the price higher and causes more people to come get involved etc etc etc...
It's a viscous cycle of price gains that feeds on itself.
It's exactly what people were calling for steemit,inc to do back in the day and it's what people have been calling for hive to do as well. Neither of them thought it worthwhile to do, though. LEO does.
For that reason, I think LEO has a very bright future ahead of it and considering the market cap is currently $700k, we are at the very beginning of it.
Stay informed my friends.
Posted Using LeoFinance