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.
Today’s UNUS SED LEO price is $5.24 with a 24-hour trading volume of $6,370,655. UNUS SED LEO is up 4.66% in the last 24 hours. The current CoinMarketCap ranking is #17, with a live market cap of $4,999,640,801. It has a circulating supply of 953,954,130 LEO coins and the max. supply is not available.
UNUS SED LEO Overview
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):
- Not free
- Harder to use
Pros of an online wallet (hot wallet):
- Easy to set up and use
- Convenient to access funds
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.
UNUS SED LEO Technical Analysis
LEO price analysis reveals the market’s volatility to be following a slightly increasing trend, meaning that the price of LEO/USD is becoming more prone to experience variable change. The upper limit of the Bollinger’s band is present at $5.23, which serves as the strongest resistance for LEO. Conversely, the lower limit of the Bollinger’s band is present at $4.77, which serves as the strongest support point for LEO.
The LEO/USD price appears to be crossing under the curve of the Moving Average, signifying a bearish movement. The market trend has recently entered bearish territory in the last couple of hours. Since the market volatility appears to be following an upward direction, the trend will likely have more room to move towards either extreme. It seems the bullish era might come to an end completely.
The Relative Strength Index (RSI) is 46, signifying a stable value for LEO. Fortunately, this means that the cryptocurrency falls in the lower-neutral region. However, the RSI path can be seen following a downwards movement indicating that the cryptocurrency will experience decreased value and may soon enter the undervalued category, which will result in a significant decrease in the price of LEO.
The conclusion of the LEO price analysis shows that the recognition made of the current behavior of the cryptocurrency indicates that it is following an uncertain upward trend with the possibility of maintaining its energy and keeping the market. LEO/USD climbed with fatigue at the $5.4 mark; the price reached $5.39 on June 6, 2022. However, the market soon experienced a huge crash after reaching its all-day high of $5.39 and declining to $5.02
UNUS SED LEO Price Predictions 2022-2030
Digital Coin Price
According to Digital Coin Price’s UNUS SED LEO forecast, the LEO coins are now showing a favorable price trend, and according to our forecast, the value might reach $8.23 by the end of 2022. By the end of 2026, the price of UNUS SED LEO might be as high as $12.37.
Over the last few months, the price of UNUS SED LEO has been steadily growing. After a year, the price of UNUS SED LEO is expected to be $10.85213724, according to our forecast. Users may diversify their portfolio and assets by investing in LEO coins to make a significant profit.
LEO’s current pricing is indicating a positive trend. As a result, there’s a significant probability it’ll hit $3.90 this year. Furthermore, as the LEO ecosystem advances, the value of LEO will rise, reaching $3.90 very soon. However, if investors think that LEO is a worthwhile investment when compared to other currencies, it might reach $5. Overall, the LEO price forecast is expected to be bullish.
UNUS SED LEO Price Prediction 2022
The price of UNUS SED LEO is expected to reach a minimum of $6.34 in 2022. With an average trading price of $6.55, the LEO price can reach a maximum of $7.40.
UNUS SED LEO Price Prediction 2023
In 2023, the price of UNUS SED LEO is expected to reach a minimum of $9.25. Throughout 2023, the UNUS SED LEO price might reach a high of $10.88, with an average forecast price of $9.52.
UNUS SED LEO Price Prediction 2024
The price of UNUS SED LEO is expected to reach a minimum of $13.18 in 2024. With an average selling price of $13.56. Investors might sell UNUS SED LEO at a maximum value of $15.87.
UNUS SED LEO Price Prediction 2025
In 2025, the price of 1 UNUS SED LEO is predicted to reach a minimum of $18.09. Throughout 2025, the LEO price might reach a high of $22.47. Investors might be able to purchase UNUS SED LEO at an average price of $18.76.
UNUS SED LEO Price Prediction 2026
In 2026, the UNUS SED LEO price is expected to hit its lowest point of $26.59. According to our expectations, the LEO price might hit a high of $31.68 with an average prediction price of $27.53.
UNUS SED LEO Price Prediction 2027
The LEO price is predicted to cross a $40.40 average price level in 2027, with a minimum price value of $39.03 expected before the end of the current year. Furthermore, LEO has the potential to reach a maximum price of $46.35.
UNUS SED LEO Price Prediction 2028
The price of UNUS SED LEO is anticipated to reach an all-time low of $85.40 in 2029. With an average price of $87.82, the LEO price may reach a maximum of $101.59.
UNUS SED LEO Price Prediction 2029
The LEO price is predicted to cross an average price level of $87.82 in 2029, with a minimum price value of $85.40 expected before the end of the current year. Furthermore, LEO has a maximum price of $101.59.
UNUS SED LEO Price Prediction 2030
In 2030, the price of UNUS SED LEO is expected to fall to a minimum of $123.20. Throughout 2030, the UNUS SED LEO price might reach a high of $146.60, with an average trading price of $127.59.
UNUS SED LEO is a flexible token that has gained traction in the cryptocurrency market because of its low risk of investment and the discounts it provides to consumers. When it was first released, the price skyrocketed, and it continues to be unique in the crypto market.
Comes with the golden question: Is LEO worth investing in? As a matter of fact, yes. UNUS SED LEO token is a good investment because of its foundations of stability and liquidity exposure. On top of other big cryptocurrencies like Bitcoin, Ethereum, and others, UNUS SED LEO would show to be a pioneer. To arrive at investing selections, investors are recommended to conduct their own study and read crypto market price projections.
Not to mention, because of the discount it gives and its rapid development, it’s one of the greatest tokens investors should focus on trading with. It is also expected to have a significant price hike in the next years. As a result, it’s an excellent investment for traders and investors. It is, nonetheless, critical to have foresight for it.
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 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.