UNUS SED LEO Price Prediction 2023-2030: Can UNUS SED LEO Reach 100?
LEO Price USD
LEO Performance in the last 12 months
- Last 5 days: -0.4%
- Last 30 days: +3.4%
- Last 6 months: -17.0%
- Last 12 months: -42.7%
UNUS SED LEO Price Prediction 2023: Is LEO A Good Investment?
UNUS SED LEO (LEO) is a dual-chain utility token launched by iFinex, Bitfinex’s parent company. Bitfinex is one of the first centralized crypto exchanges that provide a large ecosystem for trading options such as spot trading, derivatives, paper trading, margin accounts, etc. However, Bitfinex is not the only major centralized crypto exchange. Its competitors include Binance, KuCoin, Coinbase Exchange, Gate.io, etc.
iFinex, the parent company of Bitfinex, founded UNUS SED LEO for the purpose of recovering its lost funds. The company aims to gradually buy back the LEO tokens from investors until no tokens are left in circulation. Also, the company is committed to buying back the tokens on a monthly basis which equals 27% of the revenue generated by iFinex (this is a burn mechanism for LEO).
LEO token’s original supply was set at 1 billion, however, currently, 953,954,130 LEO tokens are in circulation. Also, 64% of the LEO’s original supply was issued on Ethereum and 36% was issued on the EOS blockchain. The following points describe the utility of LEO tokens for users:
- LEO holders get discounts on trading fees with Bitfinex, depending upon the number of LEO tokens in their accounts.
- LEO coin facilitates users with discounts on lending on Bitfinex and EOSfinex.
- However, the LEO token offers lending fee reduction and taker fee reduction on all the platforms by iFinex (including Bitfinex).
While UNUS SED LEO has some utility and has seen limited price volatility, it tends to operate with low liquidity and hence is not a good investment at the moment.
UNUS SED LEO Price Prediction Today
|Overall Outlook||Partially Bearish|
|1. Market's Wisdom||Partially Bearish|
|1a. Market Data||Partially Bearish|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Partially Bearish|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Neutral|
UNUS SED LEO Price Prediction: Can UNUS SED LEO Reach 100?
The LEO token needs to grow by 28.65 times to reach $100, considering its current market price of $3.49.
As it has shown a 0.51 times growth in one month, it will need a minimum of 56 months (less than 5 years) to reach $100.
However, the LEO token certainly needs more time to reach that value.
UNUS SED LEO Price Prediction 2023, 2025 And 2030
UNUS SED LEO Price Prediction 2023
As per the price prediction, the aggregated maximum and minimum price for 2023 is $6.8 and $4.0 respectively.
UNUS SED LEO Price Prediction 2025
UNUS SED LEO is expected to reach a maximum price level of $12.5 and a minimum price level of $10.2 by the end of 2025.
UNUS SED LEO Price Prediction 2030
As per the prediction, UNUS SED LEO is expected to reach a maximum price level of $55.8 and a minimum price level of $48.5 by the end of 2030.
Also Read: BNB Price Prediction
LEO 2023 Plans
Following are the projects and development updates that we can expect from Bitfinex and LEO for 2023:
- The team will finalize the documentation for Keet and make its code fully open-source.
- Bitfinex’s securities are also expected to be moving forward as the technology platform.
- It is building a peer-to-peer financial system to provide its users with a more fair alternative to the legacy system.
Where Can I Buy LEO Tokens? How To Earn Staking Rewards?
UNUS SED LEO tokens can be bought on both centralized and decentralized crypto exchanges, such as OKX, Gate.io, Bitfinex and Uniswap.
Furthermore, Bitfinex’s soft-staking program allows its users to generate rewards by just holding their digital tokens on Bitfinex. As per the website, it allows users to earn staking rewards as high as 8%. Users can stake their digital token on Bitfinex in the following three steps:
- The first step is to choose a digital token to stake.
- The second step is to deposit that token into the Bitfinex account.
- In the third step, users can earn simply let their account grow because Bitfinex deposits staking rewards every week automatically.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.