Is LEO Crypto Poised for a Bull Run?

UNUS SED LEO popularly known as “LEO” is a cryptocurrency token issued by iFinex. It is the parent company of Bitfinex and Tether. It has a token burn mechanism that reduces its supply over time, as iFinex buys back and destroys at least 27% of its revenue every month. 

Moreover, LEO was launched on two blockchains, Ethereum and EOS, with a total supply of 1 Billion tokens. LEO was sold for $1 in exchange for Tether, raising $1 Billion in 10 days. 

Bitfinex enables users to convert LEO between the two blockchains. It aims to enhance the Bitfinex ecosystem and offer benefits to its holders. 

LEO price is hovering in a large range. The sideways trend gives a neutral outlook over the daily chart. 

The price is hovering in a 15% range with the bulls dominating near the level of $3.5 and the bears aggressive near the $4.5 level. The price is stuck in the range for the past six months and unable to break on either side.  

The LEO crypto price is poised to maintain the range until either side dominates. The breakout or breakdown may decide the further improvement in the price. 

The volume analysis shows that the trading volume dropped by 6.39% and reached $1.401 Million in the past 24 hours. The LEO crypto ranks 24th among the top cryptos with a live market cap of $3.73 Billion. The volume-to-market cap ratio is 0.03% indicating very low volatility. 

LEO Crypto Price Prediction 2024

The price prediction for the next year showcases a neutral to bullish outlook. The breakout to the upside may take the price to a high of $6.86 suggesting an upside potential of 70.29%. Whereas the lowest price that the LEO cryptocurrency may attain in the next year is $4.80. 

LEO Crypto Price Prediction 2025

Over the next two years, the optimistic view of analysts expects that the LEO coin price may reach a high of $10.71. The minimum forecasted price by the end of 2025 is $7.433.

LEO Crypto Price Prediction 2026 

The UNUS SED LEO cryptocurrency price may reach a high of $13.977 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $9.86 by 2026.

LEO Crypto Price Prediction 2027

As per our analysts, the most optimistic price prediction for UNUS SED LEO crypto assumes the price to reach a high of $19.07. On the contrary, the least price target of the analysts is $14.02. 

LEO Crypto Price Prediction 2028

The price prediction for the next five years is optimistic and may attain a high of $24.59 by the end of year 2028. The minimum price target that the UNUS SED LEO cryptocurrency may reach is $18.71. 

LEO Crypto Price Prediction 2029

The most optimistic price prediction of analysts assumes an advancement to $30.35. The minimum price target that the LEO crypto may achieve by the year end is $24.28. 

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.