I know many people holding big stack of leocoins. Average price they bought it was around 0,4 usd per leo. The price went one day up to 2 usd but it is not real you could not sell your leocoins for that price. For now we can be happy that price is stable, we didn´t have big rise. Maybe we will have in 2017.
A few remarks:
a) in the first week of July 2016, also shortly after moving to a sole PoS coin creation mechanism, we had a price below 0,25€
b) in the first week of September 2016 we had a 6-month high of above 0,80€
c) this shows there is volatility, but as such price surges can arise when demand and supply differ and accordingly much or many coins are offered for trading, these surges can occur on low volume, which makes it pretty much incidental. The LEOcoin Foundation does not operate exchanges, so we cannot check what happened with that 2$ surge, but as just explained, surges in prices can occur naturally too, given a particular market situation.
d) a certain stability centering in the 0,45€-0,50€ range can be seen, which is good, as increasing your value - coins as store of value - with LEOcoin is not solely dependent on price rally's. The reason you already stated yourself, people are holding a stack of LEOcoin, in order to get stake reward
e) As stated earlier, not that many users will have the big stacks you speak about, but it is still possible to get a good number with current prices
f) those getting a decent stake reward, will likely not sell much, as this would lower their own value
g) simply staking at stable prices is thus not just 'parking' your cash, but a way to get more LEOcoin and thus more value
Anyone can calculate and see that LEOcoin indeed considerably went up in price and market capital in 2016, which is nice, but the real deal is in getting a proper stake reward and see a gradual price increase over time. We are working on that!
LEOcoin Foundation is building a community and we are glad with stable prices, then for LEOcoin holders, stable prices means stable stake rewards from 10%-20% annually, depending on the amount of LEOcoin in your wallet. Meanwhile we are planning and testing to add useful innovations to the blockchain, which will be in detail shared with the LEOcoin community in the first quarter of 2017. All taken together (Foundation and third party initiatives), the upcoming technical novelties, the finalizing of the US exchange licence, the debit card on LEOcoin, the growth of the LEO memberbase, gives us a good outlook for 2017. Please stay with us.
