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UNUS SED LEO (LEO) launched in May 2019. It is a utility token designed to extend the capabilities of and was created by iFinex, the parent company of Bitfinex. Some think it was created to help deal with some of the issues associated with Tether. LEO was created to help Bitfinex... Read More
Are you seeking for a viable crypto investment to kick-start the new year? Do you want to earn passive income without paying so much in fees? Then investing in these three projects might just be what you need to change your story: Orbeon Protocol (ORBN), Dai (DAI), and UNUS SED LEO (LEO). While Orbeon Protocol […]
Ever since price action in the UNUS SED LEO price fell under the $4.4 mark, it has since then traded below this level. Furthermore, there [...]
Price activity in the LEO/USDT market has presented a successful upside retracement. Consequently, this has seen the crypto breaking above $4.157. But, unfortunately, this much [...]
UNUS SED LEO market appears to have found some upside momentum. Subsequently, this has resulted in some price upward movement, which at this point may [...]
After USUS SED LEO attempted to break a strong resistance, downward forces have since then been triggered. Subsequently, it has acted on price action and [...]
LEO/USD maintains a strong bearish market. Even recently the resulting price of the last candles appears very close to the lower limits as it moves [...]
UNUS SED LEO Market is Bearish, Tamadoge Exchange Listing SoonFollowing a moderate upside value retracement in the UNUS SED LEO market, selling activities has resumed. [...]
Unus Sed Leo price technicals, however, suggest that the uptrend could correct in H2 2022.
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The post A Look at the First Quarter’s Top Performing Cryptocurrencies in 2022 appeared first on BTC Ethereum Crypto Currency Blog.
BTC continues to lose ground, but if the $40,000 level is reclaimed, LEO, MANA, KLAY and XTZ could be the first to recover.
The token Unus Sed Leo is the exchange token from the Bitfinex exchange. This token has increased by around 100% in the last few weeks. In general, the chart history can prove that the token has been rising steadily since December 30, 2019. The reason for this could be the constant “burns” (burning of the tokens). But why has the price exploded so much? In this article, we will explain everything that happened with the Bitfinex hack, the recent FED bounty, and the LEO price increase.
Why LEO Price increased by 100%?The exchange Bitfinex was hacked in 2016 where 119,754 bitcoins were stolen. These bitcoins could not be assigned until now and could not be sold either because the addresses are blacklisted on the exchanges. Now the US authorities have confiscated Bitcoins worth 4 billion. On the other hand, this has nothing to do with the price so far. Moreover, the Unus Sed Leo token white paper states that at least 80% of the recovered bitcoins lost from the hack in 2016 will be used to buy and “burn” the Unus Sed Leo token, thereby increasing the market capitalization and thus also pushing up the price of the token. Since the news broke, the price has increased by around 100%, which is probably the reason for the increase.
>>CLICK HERE TO BUY UNUS SED LEO ON BITFINEX<<
Fig.1 LEO/USD 1-week chart - TradingView Can LEO Price reach $10?When the Unus Sed Leo price started to rise, the market capitalization was around $4.8 billion at a price of around $5. Now the price is $6,791 and has a market cap of $6.5 billion. Since Bitfinex will invest at least 80% of the $4 billion in the Unus Sed Leo course and then burn parts of the token, the course could have a market cap of at least $8.8 billion. This means that if there are no buyers and sellers, the Unus Sed Leo price will be around $9.23. With bitcoins recovered from a hack being bullish news, more buyers could jump on the bandwagon and the price could surge to $10.
Fig.2 LEO/USD 1-week chart showing the target price of LEO - TradingViewWe might expect some profit-taking before that 10$ price mark. That's why planning an adequate entry and setting a stop-loss can go a long way in managing your risk.
LEO© Cryptoticker
The post LEO Price Prediction – $LEO up 100%? What Happened to Bitfinex? appeared first on CryptoTicker.
The token surged almost 70% in a day after the DOJ announced that it had recovered most of the stolen funds from the 2016 Bitfinex hack.
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