I just posted about this earlier as well. When I looked at the daily volume numbers on LeoDex/TribalDex and also bLEO, pLEO, and wLEO, the dollar amounts were very small. As in less than $3000 combined. I wasn't able to figure out what the numbers were in the LPs but...they can't be very big either.
Once the ad revenue starts coming in, I don't think it's going to take very much to at least get the token moving the right direction. Whether that's 8 cents, 10 cents, 20 cents, who knows? But there will be positive pressure for a change.
Of course, I'm sure there are a LOT of tokens out there waiting for some liquidity to offload some chunks, so I don't see a massive runup happening any time soon. But I do think that at a certain point, that will start to dry up and if the revenues continue to grow, the price will rise. As long as the platform continues to build and grow, those numbers will just get stronger over time. Where that takes us I don't know, but as I posted about this morning, I'd rather get in now before that stuff starts happening.
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Agreed. It is impossible to guess when it will happen and how it will look in terms of the price.
What we can forecast is the impact of supply and demand. Without knowing what the revenue looks like, it is hard to have a starting point.
However, we do know we need to 10x.
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