Based on a interview with Bungie yesterday. It has been said the level cap is 30. [b]How do yall feel about that? And how long do you think it will take you to reach it?[/b]
Update: I thought it was common knowledge that the soft level cap is 20, I was wrong. So to clarify soft level cap is 20 and a max level of 30.
Check the article [url=http://www.eurogamer.net/articles/2014-08-21-bungie-on-the-destiny-level-cap-raids-and-game-size]here[/url]
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It depends how exponential the levels are, you could find the higher levels become really hard (slow) to obtain. Less dings than some of the more recent games, but just as much work to get there, and just as much relative power when you get there.