Before predicting whether LEO should rise or fall in the near future, let’s retrace its price history over the past few months. Its performance in recent months can help us achieve the required context for the future. Let’s discuss:
The market price of the LEO coin a year ago was $3.7. So, there is a drop of about 1.06 times in its price in a year, considering its current price of $ 3.49.
In addition, there have been numerous ups and downs stating that the decrease was not really continuous. It also reached a maximum value of $7.5 during that time.
The price of UNUS SED LEO has decreased more than 1.16 times in three months (although the increase has not been consistent), keeping in mind that its price 3 months ago was $4.06. However, its price peaked at $4.67 during this period (as illustrated below).
LEO’s all-time highest value is $7.5 which it reached in February 2022. Subsequently, the price started to fall and is currently priced at $3.49 (again the decline has not been consistent throughout the entire period). Also, its market price a month ago was $3.7. It means that it has since increased by more than 1.06%.
Note that UNUS SED LEO is 2.14 times lower than its all-time highest price, meaning it has huge room for growth in the future.
Moreover, as the CPI is improving comparatively, this could bring a positive change to LEO prices. Note that reports say that the CPI index rose to 6.5% in December 2022. However, the data shows that the CPI index declined from June 2022 to December 2022.
This is probably why the price of LEO has increased by about 1.01 times in just one week. Although the increase is not very large, it is at least improving after the release of CPI data.
Is LEO a good investment?
Bitfinex is one of the first centralized crypto exchanges that provide a broad ecosystem for trading options such as spot trading, derivatives, paper trading, margin accounts etc.
However, Bitfinex is not the only large centralized crypto exchange. Its competitors include Binance, KuCoin, Coinbase Exchange, Gate.io etc. Binance is the leading cryptocurrency exchange in terms of trading volume. It has almost 384 coins listed on it and has BNB as its native currency (as we discussed earlier). Below are the BNB token use cases:
- BNB tokens can be used to pay to settle transaction fees on BSC.
- BNB holders can participate in exclusive token sale events.
- Users can pay for various goods and services on Binance Smart Chain using BNB.
- BNB coins are used to make payments on many online platforms such as Coingate, Coinpayments, Coinify, Monetha, Pundi X and HTC.
- Users can use BNB coins for entertainment platforms such as Decentraland, Loom Network, Vibe, Aeron and Axie Infinity.
- BNB tokens have application on travel platforms such as Travala.com, Trip.io and TravelByBit to book hotels and airline tickets.
In addition, his auto-blon. In addition, it is 2.14 times lower than its all-time high, leaving huge room for growth in the future.
UNUS SED LEO Price forecast 2023, 2025 and 2030
UNUS SED LEO Price Prediction 2023
According to the price forecast, the aggregate maximum and minimum price for 2023 is $6.8 and $4.0, respectively.
UNUS SED LEO Price Prediction 2025
UNUS SED LEO is expected to reach a maximum price level of $12.5 and a minimum price level of $10.2 by the end of 2025.
UNUS SED LEO Price Prediction 2030
According to the
forecast, UNUS SED LEO is expected to reach a maximum price level of $55.8 and a minimum price level of $48.5 by the end of 2030.
LEO Prediction Price: Will UNUS SED LEO reach $10?
To reach a price of $10, LEO needs to grow by just 2.86 times considering its current market price of $3.49.
After its launch, the
LEO token reached its all-time highest price of $7.5 in February 2022, where it grew 6.63 times in 13 months (from the lowest value of $1.13 in January 2021). Thus, it grew 0.51 times in a month.
LEO token takes less than 6 months to reach $10, according to the calculation.
However, it cannot even reach that value in the calculated time. Therefore, reaching $10 is definitely not a difficult goal for UNUS SED LEO, but it will definitely need much longer once market conditions ease.
LEO Price Prediction: Can UNUS SED LEO reach 100?
The LEO token needs to grow 28.65 times to reach $100, considering its current market price of $3.49.
Since it showed 0.51-fold growth in a month, it will need a minimum of 56 months (less than 5 years) to reach $100.
However, the LEO token definitely needs more time to reach that value.
UNUS SED LEO Price Forecast: Competitor Analysis
The main utility of LEO is that it is used to get discounts on Bitfinex (one of the leading centralized crypto exchange platforms). One of Bitfinex’s main competitors is Binance, whose BNB token is also used to get discounts on trading fees on the Binance platform.
Therefore, let’s make a brief comparison between LEO and BNB (especially in terms of price movements).
|What is it for?||LEO tokens offer discounts on trading fees at Bitfinex.||BNB tokens offer discounts on trading fees on Binance.|
|Blockchain on which it was issued||Ethereum and EOS||Ethereum|
|Performance in the last year||-1.06x||-1.52x|
|Performance of the last 3 months||-1.16x||+1.06x|
|Performance in the last month||+1.06x||+1.15x|
|Trend in the last week||+1.01x||No net change|
As we can see LEO tokens have failed to outperform BNB in the last 3 months.
In addition, LEO tokens were launched primarily to recover losses from the parent company and do not contain many use cases besides providing various discounts on iFinex’s exchange platforms.
On the other hand, BNB holds more use cases than LEO tokens. For example, BNB can be used for payments.
Coinbase, on the other hand, is the second largest cryptocurrency exchange in terms of trading volume that has around 239 coins listed on it. The Coinbase exchange is one of the secure platforms for selling, buying, and storing digital assets.
KuCoin has around 786 coins listed on the platform and therefore allows trading in a wide range of digital assets. It also has its own token, i.e. KuCoin Token (KCS) which offers discounts on trading fees. The following are the KCS token use cases:
- It is used to get special discounts on trading fees on the KuCoin exchange.
- KCS owners have special access to KuCoin Spotlight / BurningDrop.
- KCS token holders can get a daily bonus from Kucoin trading commission revenue if they hold at least 6 KCS tokens.
- Users can pay a transaction fee on KuCoin with KCS tokens.
Similarly, there are numerous other crypto exchanges that differ slightly in their use cases, making the market very competitive for Bitfinex (and therefore LEO).
In addition, UNUS SED LEO encryption is designed to be used on Bitfinex to reduce trading, exchange and lending fees, thus providing excellent use cases within the ecosystem.
In other words, the LEO token can help Bitfinex users get discounts on the platform. However, the token does not hold any specific utility outside the ecosystem, making it limited to iFinex platforms only.
In addition, the price of UNUS SED LEO is also highly volatile. For example, its price has fluctuated dramatically over the past 3 months (as illustrated below) from the highest value of 4.7 to the lowest value of $3.4.
However, considering that Bitfinex is a widely used crypto exchange platform and has good burning mechanisms for LEO, UNUS SED LEO is a good opt investment.
Reddit Community Discussions
In a discussion,
a few days ago, the Reddit community is discussing “Are Bitfinex and LEO like FTT 2.0?” let’s analyze the discussion.
The discussion claims that FTX used its own cryptocurrency to manipulate the balance sheet because it controlled most coins through its own projects. Therefore, similarly, Bitfinex could use LEO tokens because it controls about 99% of the token supply on their two addresses.
To this, one user commented that LEO was always a strange cryptocurrency that is a large-cap token, but nothing happens around it. Another user commented that the LEO token was created to monetize the loss from the 2016 hack.
LEO 2023 Plans
Below are the projects and development updates we can expect from Bitfinex and LEO for 2023:
- The team will finalize the documentation for Keet and make its code completely open source.
- Bitfinex stocks are also expected to move forward as a technology platform.
- It is building a peer-to-peer financial system to provide its users with a fairer alternative to the legacy system.
UNUS SED LEO Prediction Price: Tokenomics
The original supply of the LEO token was set at 1 billion, however, currently, 953,954,130 LEO tokens are in circulation. In addition, 64% of the original LEO supply was issued on Ethereum and 36% was issued on the EOS blockchain. The following points describe the usefulness of LEO tokens for users:
- LEO holders get discounts on trading fees with Bitfinex, depending on the number of LEO tokens in their accounts.
- LEO coin facilitates users with discounts on loans on Bitfinex and EOSfinex.
UNUS SED LEO
Price Forecast: About UNUS SED LEO
iFinex, Bitfinex’s parent company, founded UNUS SED LEO with the aim of recovering lost funds. The company aims to gradually buy back LEO tokens from investors until there are no more tokens left in circulation.
In addition, the company commits to repurchase the tokens on a monthly basis which is equivalent to 27% of the revenue generated by iFinex (this is a burning mechanism for LEO).
However, the LEO token offers a reduction in lending fees and a reduction in purchase fees on all iFinex platforms (including Bitfinex).
Below are the latest updates from the Bifinex platform:
- He introduced the WBTC/BTC trading pair.
- The platform listed the Flare token (FLR), earlier this month.
Where can I buy LEO tokens? How to earn wagering rewards?
UNUS SED LEO tokens can be purchased on centralized and decentralized crypto exchanges, such as OKX, Gate.io, Bitfinex and Uniswap.
In addition, Bitfinex’s soft-staking program allows its users to generate rewards by simply holding their digital tokens on Bitfinex. According to the website, it allows users to earn wagering rewards of up to 8%. Users can point their digital token at Bitfinex in the following three steps:
- The first step is to choose a digital token to bet.
- The second step is to deposit that token into the Bitfinex account.
- In the third stage, users can earn by simply letting their account grow because Bitfinex automatically deposits wagering prizes every week.