In this guide, we will voice our own and market’s opinion on LEO future while discussing UNUS SED LEO price forecast for 2023 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
Since the whole market is tightly correlated, general sentiment is always the first thing to check before predicting the prices of individual coins. So, let us do a quick overview of the market. After a brutal crypto winter in 2022, the market has shown signs of life in 2023. Bitcoin has rallied 80% so far, putting it on track for its best year since 2020. Ethereum is also up 50% year-to-date. Several factors have fueled this crypto rebound. Most notably, Ripple Labs won a key legal victory against the SEC in June, leading to a short-lived price bounce. Renewed institutional interest has also provided a boost, with major firms like BlackRock pushing for Bitcoin ETF approval. Meanwhile, inflation has triggered a crypto comeback as digital assets gain appeal as an anti-inflation hedge. However, major headwinds persist. The total crypto market cap stands at $1.1 trillion after peaking at $3 trillion in late 2021. And volatility remains high. Bitcoin spiked to a 2023 high near $32,000 in May but has since pulled back below $30,000 amidst intensifying regulatory scrutiny. The SEC continues targeting top exchanges like Coinbase and Binance. While the worst of crypto winter seems over, the road to full recovery looks long. But institutional adoption continues growing steadily, and some analysts forecast Bitcoin topping $100,000 within a couple years. Regulatory actions remain crucial to watch. If cryptocurrencies can cement themselves as digital gold safe havens, macro trends could fuel their next bull run. But more clampdowns present downside risk. After a tumultuous 2022, 2023 shows crypto turning a corner - but uncertainty still looms large.
Below is a tabular overview of how will LEO develop in the short-term (for the next 90 days), according to our prediction model:
UNUS SED LEO Price Prediction 2023
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
LEO Price Prediction 2025 – 2030 – 2040
Our prediction model sees LEO floating around the current levels in 2025:$ 4.32
LEO price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com