Last time as one the beneficiaries large airdropped LEO have almost halted LEO's upward momentum. LEO went from 0.22 Steem to 0.108 Steem. Due to quick buying spree from the investors, LEO recovered quickly.
Moreover, on the announcement of SteemLeoDex LEO had a big positive spike initiated by a community member. LEO was trading between 0.18 and 0.205 Steem.
Since LEO's powered down is executed in four installments, yesterday LEO had 12K dumped from the couple of members. Interestingly, this time LEO held strong. Few investors and traders also got their desired LEO at a deal price.
Their will be another big dump in the next. I saw that one trader have miscalculated the buy orders and missed opportunity to catch some LEO. It means that getting cheap LEO has become competitive.
Looking into the pending unstake, the future sell pressure will diminish very shortly. Moreover, LEO is not seeing any sell wall below 0.205. It means that someone who wants to get LEO, either somebody has to be willing dump LEO in big numbers or he/she has to buy upwardly.
Overall, at current scenarios, given the number of sinks, 
However, LEO to see a super success it has to see outward. SMT may help! A switch to SMT or SMT-pegged LEO can help it to be enlisted bigger exchanges against fiat pairs. Then LEO will see lots of organic demand.
Moreover, being on sidechain,
On the other hand, Steem is struggling in recovery due to branding and exchange issues. For thought, I would ask to look at 0x, ABBCcoin or Nano or Dogecoin. These coins have little to no use, but excelling due to having better volumes or more number of exchanges. Steem may need market maker bots to be run exchanges to provide liquidity for better volumes. Buying Steem with fiat still a hassle.
STINC may be busy with SMT. But if they can't pursue proper rebranding and list steem in large number of exchanges (e.g. Coinbase, OKex, Bitfinex, DigiFinex), then Steem may continue to struggle.
Steem also has other structural issues: higher inflation rate (i.e. decease Steem for rewardpool to SMTs ), 13 weeks powerdown (i.e. 5 days), bad user experience (i.e. community), complex onboarding (i.e. long delays and fee) and misinformation about Steem in public space.
Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.
Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.
Thanks for reading.
Cryptominer , occasional trader and tech blogger since 2013
