UNUS SED LEO (LEO) Price Prediction 2024-2030: Will LEO Price Hit $10 Soon?

• LEO’s price could be higher than it currently is, and might hit $9.50.
• The price of the token could hit $20 in 2029 if the bull market extends. 
• By 2030, the bullish price prediction for LEO could be $24.76.

Not many are aware that Bitfinex has an exchange token. Therefore, in this article, Coin Edition takes a look at LEO which has been in the spotlight for some time. Here, you will learn about the use cases and fundamentals of UNUS SED LEO. You will also get in-depth insights into the price predictions from 2024 to 2030.

UNUS SED LEO (LEO) Real Time Market Status

What is UNUS SED LEO?

UNUS SED LEO was developed to serve as the exchange token of Bitfinex. But LEO is not just limited to the Bitfinex exchange alone. Instead, its utility cuts across the iFinex ecosystem at large.

For context, iFinex is the parent firm of the Bitfinex exchange. With LEO, users can access a reduction of lending and taker fees on the trading platform. Here is a quick rundown of how it works.

Let’s assume a trader is trying to deposit or withdraw on any of the iFinex platforms. If he holds the LEO token, he can get up to a 25% reduction in fees specifically in the derivatives market. LEO also ensures a monthly token burn which deflates the supply and affects the revenue generated by the iFinex ecosystem.

LEO Current Market Status

LEO’s price as of this writing was $5.89. It had a trading volume of $1.23 million. LEO is ranked number 21 on the market cap standings and has a market cap of $5.45 billion. On an all-time basis, LEO’s price has increased by 459.70%.

Meanwhile, the maximum supply of the cryptocurrency remains unknown. But in terms of the total supply, it is 965.23 million. Out of this total, 926.60 million was in circulation at press time. Buying LEO is straightforward. You can just head to exchanges like Gate.io, OKX, and DigiFinex to buy the cryptocurrency.

UNUS SED LEO (LEO) Price Analysis

LEO has had an action-packed 2024. This is because it is one of the best-performing assets on a Year-To-Day (YTD) basis this year. The price of the token has increased by 48.13% within the said period, and this is something many assets in the top 50 have not been able to achieve.

Thus, in this segment, we will analyze the price of LEO, and look at its price predictions from 2024 to 2030.

UNUS SED LEO (LEO) Price Analysis – Bollinger Bands

According to the 4-hour chart, the Bollinger Bands (BB) showed increasing volatility around LEO. With the increase in volatility, the price of the token might either extend to extremely high levels or extremely low points.

From a bullish point of view, LEO might extend to $6.00. On the other hand, if bears dominate the chart, the price of the token might drop to $5.84.

UNUS SED LEO (LEO) Price Analysis – Relative Strength Index (RSI)

At press time, the RSI had dropped below the 50.00 midpoint, indicating that the momentum was no longer bullish. In this instance, LEO’s price might go lower. 

In the short term, the price of the token might drop to $5.53. But if the RSI hits 30.00, LEO could be deemed oversold, and a bounce toward $6.20 could be possible.

UNUS SED LEO (LEO) Price Analysis – Moving Average Convergence Divergence

At the time of writing, the Moving Average Convergence Divergence (MACD) was negative. If the MACD reading was positive, it would have suggested a possible bullish momentum. But with the negative reading, LEO might experience more downside which could drive its price lower than it currently was.

UNUS SED LEO (LEO) Price Prediction 2024

According to the daily chart, the last quarter of 2023 saw bulls and bears fighting for control of the price action. But bulls were victorious after LEO broke out in January 2024. At that time, LEO’s price was $3.89.

A few days later, bulls cleared the $4.15 resistance as the price rallied up to $6.19. Currently, LEO’s price has decreased. But the Supertrend flashed a buy signal at $5.59. Hence, if the price drops to this point, another rally might occur.

However, the On Balance Volume (OBV) showed that buying pressure was low, and LEO’s price might decline for a while. However, by the end of 2024, the price of the token might jump to $9.50.

UNUS SED LEO (LEO) Price Prediction – Resistance and Support Levels

From the 4-hour chart, support existed at $5.79. However, this support did not seem strong enough to stop LEO from another correction. If bulls defend this region, then LEO might evade falling from $5.

However, if the defense is weak, the price could plummet. On the upside, a resistance appeared at $5.89, indicating that bears were trying to prevent LEO from trending higher. Another resistance existed at $5.99. If bulls break through this point, LEO could aim for $7. If not, a significant plunge could be next.

UNUS SED LEO (LEO) Price Prediction 2025

Depending on the sentiment in the market, LEO’s performance in the market might exceed conservative expectations. By that period, exchange coins might be one of the trending narratives, and LEO’s price might hit $11.35.

UNUS SED LEO (LEO) Price Prediction 2026

2026 might not be the best of years for LEO. Although it is expected that the community of the iFinex ecosystem will have grown to a higher number by then, the growth might not reflect in the price. Hence, the value of the token could be $8.25.

UNUS SED LEO (LEO) Price Prediction 2027

The price of LEO is expected to increase in 2027 as money flowing into the crypto market might be mind-blowing. If we go by this projection, LEO could hit $14.50 in 2027.

UNUS SED LEO (LEO) Price Prediction 2028

LEO’s price might continue to increase in 2028. One of the reasons for the predicted hike could be the price of Bitcoin (BTC) which is expected to soar to incredible levels by that time. As such, LEO could hit $17 in 2028.

UNUS SED LEO (LEO) Price Prediction 2029

Volume plays an important role in the price of a cryptocurrency. In 2029, it is expected that the trading volume of tokens on DigiFinex and Bitfinex might have hit impressive heights. This could impact LEO’s value, placing the price prediction at $20.

UNUS SED LEO (LEO) Price Prediction 2030

By 2030, LEO might not experience a very high exponential growth. However, the value is expected to jump either way. In terms of the price prediction, LEO could hit $24.76.

UNUS SED LEO (LEO) Price Prediction 2040

LEO’s journey between 2030 and 2040 might be a long one. Regardless of the price movement, LEO is expected to end 2040 higher than 2023. Thus, the price prediction could be $30.

UNUS SED LEO (LEO) Price Prediction 2050

By 2050, the community of the UNUS SED LEO project might have tripled what it currently is. Therefore, the price might be impacted. This places the price prediction at $37.96

Conclusion

In conclusion, LEO has exhibited the potential to be a good long-term asset. However, the price of the token might face a downside in the future. If this is the case, it might be better to find good entries rather than purchase at the slight of any pump.

In the meantime, market participants who intend to buy the token should keep an eye on the developments of Bitfinex and the iFinex ecosystem at large.

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