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Topic
Board Announcements (Altcoins)
Re: ANN - LEOcoin - Official LEOcoin thread (moderated by LEOcoin Foundation)
by
crytotrader
on 26/10/2016, 14:10:10 UTC
good topic =) but what happening with price for one Leocoin?? IS this just a storm before growth?

The price of LEOcoin is a result of the market mechanism. After the huge rise since LEOcoin switched to a sole POS coin creation mechanism, a break where people take some profits or simply re-allocate some of their digital savings, is quite normal. As most LEOcoin trades are paired to BTC, price changes on some exchanges occur in steps of 10K sat - about 6 Eurocents. In percentages this is however a jump of 10%. Beside that, on the low volumes we see today, a storm it cannot be called ...

LEOcoin Foundation cannot predict the future, but as price fluctuations form a naturally occurring phenomenon, we seen no reason to worry at all. Only the last few weeks, we saw great activity for LEOcoin; Sir Danny Alexander of the AIB joining us at the Chinese Wall, two apps from external developers supporting LEOcoin, a good talk last week with Craig Williams MP in the UK Houses of Parliament and so on. Add to that the upcoming VISA card, the US trading licence and the new LEO app to introduce the masses to digital cash, like LEOcoin - and your skepticism appears in a particular light. The future will indeed show, what storm will make us grow.
 


thank you for your explanation. Is there any of date when visa card come to us, when us trading licence come and i really want to know when i can download new app leo smart 3.0.

Afterall i thing that you miss the core of my question. Sometimes price go down just before there is massive jump up (because of speculant that sell leo cheap in that case) =)