In this guide, we will voice our own and market’s opinion on LEO future while discussing UNUS SED LEO price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like UNUS SED LEO.
Now, let’s head into it. Before we delve deep into the UNUS SED LEO price prediction and answer questions if LEO is a good investment or not, why will LEO succeed or fail or why will UNUS SED LEO price rise or drop, let’s quickly throw a glance at what is LEO and its to date history.
What you'll learn 👉
What is UNUS SED LEO?
UNUS SED LEO (LEO) is a token designed to extend the capabilities of all platform users and services 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 Tether cryptocurrency cash.
The Bitfinex LEO token is used to reduce trading and lending fees throughout the expanding iFinex ecosystem, which now includes product offerings such as the “Hodl Hodl” decentralized exchange (DEX).
UNUS SED LEO tokens were released in May 2019, and there were 1 billion created, with 66% on the Ethereum blockchain and 34% on the EOS blockchain. Bitfinex uses 27% of the transaction fees it collects to purchase and burn the tokens, and eventually will burn all of them. That’s quite different from nearly every other cryptocurrency in that UNUS SED LEO was created with specific plans to eventually cease to exist.
UNUS SED LEO Utility
The UNUS SED LEO token was created with three primary functions in mind:
- replenishing the Bitfinex budget;
- expanding opportunities for service customers;
- iFinex ecosystem development.
LEO Price Prediction For The Next 90 Days
As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.
Below is a tabular overview of how will LEO develop in the short-term (for the next 90 days), according to our prediction model:
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UNUS SED LEO Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
LEO Price Prediction 2025 – 2030 – 2040
Our prediction model sees LEO floating around the current levels in 2025:
$6.78LEO price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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