The liquid supply of LEO tokens is already small, and getting smaller

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The liquid supply of LEO tokens is likely smaller than you think...

In order for the price of something to go up, you need one of two things to happen, you either need increasing demand or you need shrinking liquid supply (all other things being equal).

If you get both at the same time, well you get moon time then.

Interestingly enough, LEO may be on the verge of just that.

As you may or may not know there is only a shade over 5 million LEO tokens out there in circulation currently.

That is a very small number compared to other crypto projects, HIVE by comparison has roughly 400 million coins in circulation.

This means that LEO currently has a market cap of roughly $700k with the current $.14 token price.

The current supply numbers can be seen here btw:

image.png

(Source: https://www.steemleo.com/hive-167922/@leo.stats/leofinance-weekly-stats-10-12-2020-to-10-18-2020)

Here's where things get really exciting...

Based on the above, you can already tell that LEO has an extremely small market cap currently, but that isn't really my point.

The really interesting thing is what is going on with the supply vs. the liquid supply.

As you can see on that chart above, the overall supply has been steadily going up, but what I want you to pay attention to is the liquid supply...

The liquid supply has actually decreased from what it was just a couple weeks ago.

Based on the chart above, it looks like the liquid supply of LEO has basically been cut in half over the last couple weeks.

This was due to the wLEO pool on Uniswap and then subsequent hack.

People initially powered down LEO and added it to the liquidity pool thus increasing the liquid supply, and then when the hack happened and the pool was disabled, people powered their LEO back up, cutting the liquid supply.

image.png

(Source: https://www.steemleo.com/hive-167922/@leo.stats/leofinance-weekly-stats-10-12-2020-to-10-18-2020)

Here's where things get really really exciting...

As it stands right now, there is only 18% of the 5 million coins liquid.

For those doing that math, that comes out to a little less than 1 million coins liquid currently.

Which means the current liquid supply is a far cry from the total circulating supply and roughly half of what it was just a few weeks ago.

As I mentioned earlier, when you combine this fact with increasing demand like what could be on the way due to the integration of metamask and LeoFinance, we could have the grand slam scenario of dwindling liquid supply in the face of rising demand.

https://hive.blog/hive-167922/@jrcornel/you-can-now-use-metamask-to-sign-in-to-leofinance-io

When you get a setup like that, that's when moon trips happen.

And we have all the right ingredients for a moon trip with LEO in the coming months.

Stay informed my friends.

-Doc

Posted Using LeoFinance Beta



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14 comments
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There's a lot of positivity about the atmosphere. Daddy Bitcoin is on a steady climb up, and if alts start to climb, I reckon it will have a positive effect on Leo as well.

Anyways, a key ingredient in Leo's success is the fact that the key/major Hodlers aren't "dump friendly". Not many projects would survive that uniswap hack but here we are, even more excited about the future.

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You deserve a cold one for this analysis.
#leo is sitting well to grow and help #hive
in the meantime.

!BEER

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thanks for this information, I will pay attention to LEO from now on

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Two things we need for Leo to moon and we're nicely getting it. I think your analysis is brilliant thanks for bringing it to light, we're not too far behind anymore

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Hmmm, seems we are all well "on track" 😀
Manual curation is true fun here. No more "bot race" , and not so many shit posts.
Maybe my warnings + ocational downvotes are bringing some results. People start to realise that "leo" tag is not just one more addition for their tag-spam affairs.

Posted Using LeoFinance Beta

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So you telling me something like $150 000 coming in to LEO by ads or investors and all the other burning and tax eating into the supply clears the entire liquid supply? Lol what a joke, I love it, LEO is going to catch a lot of people off guard as this thing continues to play out and I can't wait

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Thanks for this explanation, I've been asking around how the dwindling supply of liquid leo will result to a moon, it all falls back to the law of demand and supply, while the ad revenue buy back program is only one part that constitutes demand in the token, the wleo v2 will do so much more, looking back at how much people were making and how interested they were, the v2 will be a x2 of everything. So yes once again we are back to the give away prices

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(Edited)

Great analysis, getting more and more enthusiastic about LEO with every bit of information i am soaking up.
At first i felt i missed the boat, but it seems we have only barely left the harbor.

Posted Using LeoFinance Beta

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Lower liquid will increase in price if there is high demands. More members more demand that what I think. How to boost leo new active holders or members

Posted Using LeoFinance Beta

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I really do love simple explanations. Being a small investor and not very smart about finances, your commentary on the current situation with LeoFinance helps me a great deal!

A little a while ago I filled my LEO bag and currently have over 1,000 LEO staked. I foresee LEO doing very well obviously. Hopefully I can get more before it really moons!

Posted Using LeoFinance Beta

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And we have all the right ingredients for a moon trip with LEO in the coming months.

I have always wanted to go to the moon and people like you seem to be good company ( not only would it be an awesome trip, I would learn about crypto on the way too - 2 birds with 1 stone )

Thanks for keeping us informed. Much appreciated!

Posted Using LeoFinance Beta

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I think this is quite interesting to see how far can LEO token go. Some time ago it was way below the price of a single HIVE token and look at it now.

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