Can LEO be a $1 TOKEN--- one day?

People who bought LTC at $1.5, BTC $75, DASH $2, or Steem 7 cents will tell you that they did not feel euphoria on that time. They were tremendously doubtful and fearful. They also thought that after their purchase, coin's price can go further down.

How do I know? I have bought all those coins at the above said price except Steem. However, I did not became filthy rich but still have $30K loss. It is different story that how to sell your coins at close to peak.

TLDR: don't do day trade or margin trading if are not tremendously skillful on that. HODL for couple of years for mega bull trend to begin.

We are probably at the through of the bear market. Bear market for altcoins can run for another year until BTC breaks all time high and settles. However, there is not enough rooms for altcoins to fall. Therefore, it could be the high time to accumulate your favorite coins.

However, you have to be careful about the next bullrun. Investors could be savvy this time. In the last mega altcoin bullrun, all the junk coins hit very high valuation such as smartcash at $1.9 which has high inflated emission rate and nothing to backup its value. There were hundreds of them.

In the coming altcoin bull run, coins that has monetizing policy behind it may flourish. The days of speculation are drying quickly. Even Ethereum co-founder Vitalik thinks that 1500X gain days are gone. ETH went from $1 to $1500.

Coin like Steem, derivative tribe token like LEO may have chance to run high in the next bull run. It is all about supply and demand. The coins that have high inflation rate but nothing to back them up other than speculation, could be there for trouble.

All the PoW and PoS based coins are competing for transaction currencies. Interestingly, stable coins have better chance to fill this niche. On the other hands, coins like EOS, TRON, Cardano or Steem provides many utilities on top of being transaction currencies. If the demand from the utilities can supplant the supply from inflation, then their price not only can stabilize but also can appreciate in the long run.

For example, 50 to 500 Steem power (SP) is required to transact and interact freely on Steem blockchain based DApps. Moreover, to create, earn, curate, interact and influence on DApps, significant amount of SP or tokens (e.g. LEO) are required. These utilities provide intrinsic values to Steem or LEO. Moreover, if the DApp founders buy back tokens to burn them from the earnings from their DApp, then it create another sink. According to LEO founders, they have 9 sinks to burn LEO. It is no surprise that LEO is holding its value compared to other top SE tokens.

Now question is that can a LEO be $1 one day. Assuming Steem will reach $5 in the next bull run, then LEO at 0.2 Steem can reach $1 easily. At $1 a LEO, it will have marketcap of $4.25M which is few drops in the world of high finance. Also, considering junk coin such as ABBCoin or Mona holding marketcap around $60-70M says a lots of about the possibilities.

However, for that to happen LEO has to look externally. It could be possible that LEO can be bound with an SMT in future. SMTs can easily be added to top exchanges where Steem is traded since they will require same setup. Another way is to increase profit from the DApp through better advertising or consultancy (e.g. Steemleo LABS).

Buying LEO even at this price 0.09 Steem (and Steem at 16.5 cents) can put doubt similar to the time buying LTC at $1.5 and BTC at $75. However, it is the timing and making right decision (to select the coins with strong fundamentals) that can make wealth. Fortune favors who are prepared and can see light through the darkness.

Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.

Thanks for reading.
@dtrade
Cryptominer since 2013, trader and tech blogger