In this guide, we will express our and the market’s views on future LEO as we discuss the UNUS SED LEO price forecast for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like UNUS SED LEO.
Now, let’s get into it.
Before delving into the UNUS SED LEO price forecast and answering the questions of whether LEO is a good investment or not, why LEO will succeed or fail, or why UNUS SED LEO prices will rise or fall, let’s quickly take a look at what LEO is and its history to date.
Table of Contents:
What Is UNUS SED LEO?
UNUS SED LEO (LEO) is a token designed to extend the capabilities of all users and services of the platform to iFinex, the parent company of Bitfinex. Such a decision should help to cope with the crisis that arose after the accusations against the trading platform about the illegal use of cryptocurrency money Tether.
The Bitfinex LEO token is used to reduce trading and lending fees across the expanding iFinex ecosystem, which now includes product offerings such as the decentralized “Hodl Hodl” (DEX) exchange.
UNUS SED LEO tokens were released in May 2019 and 1 billion were created, with 66% on the Ethereum blockchain and 34% on the EOS blockchain. Bitfinex uses 27% of the transaction fees it collects to buy and burn the tokens and will eventually burn them all. This is very different from almost every other cryptocurrency as UNUS SED LEO was created with specific plans to cease to exist.
UNUS SED LEO Utility
The UNUS SED LEO token was created taking into account three main functions:
- replenish Bitfinex’s budget;
- expand opportunities for service customers;
- Development of the iFinex ecosystem.
LEO Price Forecast for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
UNUS SED LEO Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
LEO Price Prediction 2025 – 2030 – 2040
Our forecast model sees LEO floating around current levels in 2025:
$4.10
The LEO price in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.
