The Latin name makes an interesting side story: A vixen bragged about how many children she had and sneered at a lion for only having one. The lioness then replies, “One, but a lion.” So in the Leo whitepaper, they bragged they would burn ALL of the tokens, except for ONE.
UNUS SED LEO is a cryptocurrency that describes itself as “the utility token at the heart of the iFinex ecosystem.” It’s designed to be used on the Bitfinex cryptocurrency exchange to reduce trading, lending, and other exchange fees.
Then there’s the story that Bitfinex bought out its token with USDT, raising 1 billion usdt in 2 days! So, that’s hard-selling, yet they can’t get one person to show them buying 1 million USDT redemptions. That’s the nature of marketing we have in the space, so be careful of buying into the hype.
Today, the live UNUS SED LEO price is $5.78, with a 24-hour trading volume of $7,577,414. UNUS SED LEO has been down 4.88% in the last 24 hours. The current CoinMarketCap ranking is #31, with a live market cap of $5,513,060,467 USD. It has a circulating supply of 953,954,130 LEO coins, and the maximum supply is not available.
Statistics don’t lie and so let’s get down to the basics.
What is UNUS SED LEO?
UNUS SED LEO is a unique cryptocurrency with an equally impressive name. The name is derived from Latin citations from Aesop’s fables. UNUS SED LEO is a native cryptocurrency that governs the iFinex blockchain ecosystem, and it gives users significant discounts on trading fees within the Bitfinex exchange platform.
UNUS SED LEO price prediction is massively dependent on the historical price actions and the current USD price. The token has had an impressive growth rate compared to other cryptocurrencies, and the momentum is expected to continue.
Cryptocurrencies such as UNUS SED LEO have limited use cases since they are not intended to be the next worldwide replacement to fit currency; this cryptocurrency’s success is hugely reliant on the usability of its parent blockchain, in this case, the iFinex ecosystem.
UNUS SED LEO is the utility token utilized across the entire iFinex blockchain ecosystem. The iFinex ecosystem is the parent company for the Bitfinex exchange platform and Tether.
However, the Bitfinex trading platform has undergone challenges that involved being suspended by US authorities on suspicion of money laundering schemes. The platform, launched in 2012, has been a popular exchange platform for many crypto enthusiasts, and the LEO utility token essentially governs it.
Bitfinex community hold UNUS SED LEO since it provides several trading benefits on the Bitfinex platform. The number of LEO tokens held by a trader determines the discount received on treading fees.
Since the LEO cryptocurrency is known to provide utility to Bitfinex users, it has remained in demand. The continuous increase in demand has led to the steady growth of cryptocurrency.
UNUS SED LEO Overview
LEO Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 | LEO | $ 5.97 | $ 5.59 B | 1.28% | 936.62 M | $ 1.84 M |
UNUS SED LEO Price History
Image Source: Tradingview
Fundamental and trend analyses are critical when looking at UNUS SED LEO price predictions. However, deep technical analysis can only be performed on previous price data to predict the future price of UNUS SED.
The Bitfinex LEO token is the utility token for the LEO ecosystem and is responsible for reduced exchange fees for most traders on the Bitfinex market.
The UNUS SED LEO cryptocurrency has a circulating supply intended to reduce overtime, while the total supply was capped at 1 billion. 660 M tokens were released at launch as ERC-20 tokens and 340 M as EOS-based tokens. However, the exchange between these cryptocurrencies is seamless and aims to improve the Bitfinex exchange ecosystem.
The UNUS SED LEO cryptocurrency ranks at number #55 based on current market cap data on CoinMarket Cap. It has a circulating supply of 953,954,130 LEO coins and a trading volume of 2,760,862 USD within a day. As of the time of this writing, the price of LEO is hovering around $2.89 and $2.91. The UNUS SED LEO price has declined by 0.81% when considering the previous day’s price.
LEO coin has a market dominance of 0.11%, according to Coingecko. It recorded its all-time high price on 14 May 2022 when it traded at $3.95. The UNUS SED LEO cryptocurrency traded at an all-time low price of $0.799589 two years ago, on 24 December.
Pros and Cons of investing in UNUS SED LEO
UNUS SED LEO coin is a unique utility token that runs the iFinex ecosystem. The iFinex ecosystem is a large platform with several products, giving the UNUS SED LEO cryptocurrency several use cases. Investing in a utility cryptocurrency such as the UNUS SED LEO cryptocurrency can be either a good or bad investment. Below are some aspects to consider.
Pros of investing in UNUS SED LEO
- The crypto market is pretty unpredictable, and investing in nascent technologies can be beneficial in the long term. Based on LEO’s past price data, there is a massive possibility of LEO prices rising in the future.
- The market capitalization of UNUS SED LEO represents its overall growth compared to other cryptocurrencies. Currently, the cryptocurrency is doing well and is slowly climbing the ladder, making it an impressive investment.
- The price fluctuations of UNUS SED LEO cryptocurrency indicate a bullish signal, indicating that UNUS SED LEO’s rising tendency will profit investors who hold for the long term.
- UNUS SED LEO is the utility cryptocurrency that governs the prominent and promising iFinex blockchain ecosystem, the continuous usage of the iFinex blockchain ecosystem that powers Bitfinexexchange. Therefore, the growth of Bitfinex will make UNUS SED LEO a profitable investment.
Cons of investing in UNUS SED LEO
- Like any other speculative asset, investing in UNUS SED LEO could be risky. Following the recent incidents with the US authorities about money laundering, the platform could take a hit, affecting the price of UNUS SED LEO.
- Since UNUS SED LEO won’t last forever due to its design, holding it for extended periods may hurt investors. The iFinex plans to repurchase all the tokens at the prevailing market value. Depending on the market value, some investors may end up making a loss at a future time.
Where to buy UNUS SED LEO cryptocurrency?
The LEO cryptocurrency is available on several cryptocurrency exchange platforms worldwide. It is certainly popular on the Bitfinex cryptocurrency exchange platform in its native environment.
If you plan to hold your LEO for a long time, buying a “hardware wallet” is recommended to store the coins in. After all, a cold wallet is the most secure way to store LEO.
Pros of a hardware wallet (cold wallet):
- Much more secure
- Only connected to the internet when you choose to
Cons of a hardware wallet (cold wallet):
Pros of an online wallet (hot wallet):
- Easy to set up and use
- Convenient to access funds
- Free
Cons of an online wallet (hot wallet):
- Vulnerable to hackers
- Always connected to the internet
Additionally, you can trade UNUS on other cryptocurrency exchanges such as Gate.io, BTSE, OKEx, FTX, and Bitfinex.
LEO Technical Analysis
The UNUS SED LEO cryptocurrency ranks at number #30 based on current market cap data on CoinMarketCap. It has a circulating supply of 953,954,130 LEO coins and a trading volume of $7,759,424 within a day. As of the time of this writing, the price of LEO is hovering around $5.91. The UNUS SED LEO price has increased by 1.67% when considering the previous day’s worth.
LEO coin has a market dominance of 0.28%. It recorded its all-time high price on 8 February 2022, when it traded at $8.04. On the other hand, the UNUS SED LEO cryptocurrency sold at an all-time low price of $0.799589 two years ago, 24 December.
The 4-hour price analysis reveals the market following a bullish movement. However, the moving average crosses under the price and moves downward, favoring the bulls. The price appears to move in a declining movement, but so does the market volatility, which can signal the conservation of the current activity.
The Relative Strength Index score reveals the market to fall in the lower neutral region following an upward approach, illustrating an increasing market.
The one-day price chart analysis displays a squeezing market for the cryptocurrency as the price moves downwards towards the support attempting to break it. Conversely, the market is bearish as the price moves under the Moving Average curve.
The RSI score is 51, indicating a stable cryptocurrency value, falling in the central neutral region. The RSI follows a linear approach which shows the equivalence of buying and selling activities and consistent dynamics.
UNUS SED LEO Price Prediction 2022-2030
Wallet Investor
Walletinvestor.com uses technical analysis to forecast future prices for various digital currencies, including UNUS SED LEO. LEO can be a beneficial investment choice for crypto enthusiasts seeking high-returning virtual currencies. At the end of March 2022, the UNUS SED LEO price will be $5.9. You will receive 16.906 LEO if you purchase UNUS SED LEO for $100 today. According to their projections, a long-term increase is projected, with a price prediction of $27.410 for March 2027. The income is estimated to be roughly +363.4 percent after a 5-year investment. In 2027, the present $100 investment may be worth $463.4.
PricePredictions.net
UNUS SED LEO is trading at $5.91 in USD terms as of 26 March 2022, with a price movement of 0.41 percent in the previous hour. The market capitalization of LEO is $5,642,433,348 with a 24-hour trading volume of $7,774,967.00. UNUS SED LEO (LEO) is now ranked 30th in the cryptocurrency market.
According to UNUS SED LEO forecast price and technical analysis, the LEO price is predicted to cross an average price level of $18.02 in 2024, with a minimum price value of $17.52 expected before the end of the current year. Furthermore, LEO has a maximum price of $20.73.
DigitalCoinPrice
According to forecast data research, the price of LEO is projected to cross the $8.11 level. UNUS SED LEO is scheduled to achieve a minimum charge of $7.17 by the end of the year. Furthermore, the LEO price has the potential to reach a maximum of $8.38. The UNUS SED LEO Price Prediction 2024 is essential knowledge for investors and holders of crypto assets.
Cryptopolitan
Cryptopolitan’s analysis of price projections indicates that the average market value of the UNUS LEO token price in USD is dependent on previous price information; the UNUS SED LEO cryptocurrency is projected to maintain its bullish momentum in the future. Essentially, Bifinex offers one of the lowest trading fees compared to other exchange fees.
For speculative investors, UNUS SED LEO provides a fantastic investment opportunity. However, for short-term traders, the success relies entirely on their trading decisions since the price chart of the LEO cryptocurrency is quite active.
LEO Price Prediction 2022
According to the UNUS SED LEO price predictions and analytics, the UNUS SED LEO price is predicted to cross an average price level of $8.41 in 2022, with a minimum value of $5.28.
LEO has the potential to reach a high of $9.69 in the future.
LEO Price Prediction 2023
According to the UNUS SED LEO price forecast and technical analysis, the average trading price in 2023 will be $13.54. UNUS SED LEO has the potential to reach a high of $14.22 before the end of the year.
On the other hand, unexpected occurrences and fluctuations might cause the cryptocurrency’s minimum price to drop below $12.34.
LEO Price Prediction 2024 and beyond
According to forecasted price and technical research, the cost of UNUS SED LEO in 2024 is predicted to surpass a minimum of $16.94. With an average forecast price of $18.88, the UNUS SED LEO price might reach a maximum of $24.6.
Conclusion
Aside from being a generally hazardous business, the UNUS SED LEO token is a fantastic short and long-term investment for crypto investors with sufficient resources. When comparing Cryptopolitan’s price estimates and other predictions for the future price of the UNUS SED LEO coin, it’s clear that the present price is lower than the highest price imaginable. On the other hand, Cryptocurrency investments are frequently wavy, and values, like the price of Bitcoin, may travel in either way.
It’s Bitfinex’s equivalent of Binance‘s BNB, and it’s what you get. If they receive the stolen 2016 coins back, they’ll have to burn 27 percent of all Ifinex earnings plus some other BIGGER burns. Bitfinex bills itself as the world’s oldest and most liquid bitcoin exchange. It was founded in 2012 and has since become the preferred platform for traders and institutional investors. What does this imply?
As a result, investors should conduct research and evaluate technical characteristics such as resistance and support levels before making any judgments. This material is offered solely for educational reasons; potential investors should seek expert advice.
FAQs about UNUS SED LEO
Below are some frequently asked questions about the UNUS SED LEO token, of the iFinex ecosystem, from an investment point of view.
What is the UNUS SED LEO coin?
The cryptocurrency UNUS SED LEO is described as the utility token at the heart of the iFinex ecosystem. It’s made to be utilized on the Bitfinex bitcoin exchange to cut down on trading, lending, and other expenses.
Is UNUS SED LEO a good investment?
UNUS SED LEO is a solid investment because of its stability and liquidity exposure fundamentals. On top of other big cryptocurrencies like Bitcoin, Ethereum, and others, UNUS SED LEO would be a pioneer.
What is UNUS SED LEO Cryptocurrency?
UNUS SED LEO is a token issued by iFinex, the parent company of Bifinex, a cryptocurrency exchange. The coin became live in May 2019 after the firm received $1 billion in an initial public offering. On the iFinex platforms, token holders get trade discounts.
What are the risks of investing in UNUS SED LEO?
Every investment has its unique risk profile. Similarly, UNUS SED LEO cryptocurrency bears nearly the same risks as other cryptocurrencies in the crypto market, like BTC. However, there are individual risks associated with the LEO cryptocurrency itself.
By investing in the LEO cryptocurrency, one must believe in the iFinex ecosystem and its overall success. If the ecosystem fails and the plans to buy the LEO crypto tokens fall apart, investors may lose money. UNUS SED LEO utility is entirely dependent on the iFinex ecosystem.
Should I invest in UNUS SED LEO?
Based on the fundamental analysis of the UNUS SED LEO cryptocurrency, the LEO cryptocurrency provides excellent Investment opportunities to those with prolonged investment periods.
However, you should conduct your research and analyze the risks involved to determine the amount of risk you can handle.
Is UNUS SED LEO profitable for short-term investors?
By looking at the trend charts, there is considerable price action present for the LEO cryptocurrency chart. The price action signifies an opportunity for short-term scalpers and traders to profit from their trades.
Similarly, short-term holders can also realize profits while holding the LEO cryptocurrency for the short term.
Should I buy and hold UNUS SED LEO for the long term?
The UNUS SED LEO cryptocurrency appears to have a steady upward momentum for a prolonged period based on the price prediction in fiat currency, implying it is suitable for the long term. Therefore, interested investors should highly consider buying and holding the UNUS SED LEO cryptocurrency for the long term.
Source: https://www.cryptopolitan.com/leo-token-price-prediction/