The post Is LEO Crypto Poised for a Bull Run? appeared on BitcoinEthereumNews.com.

UNUS SED LEO popularly known as “LEO” is a cryptocurrency token issued by iFinex. It is the parent company of Bitfinex and Tether. It has a token burn mechanism that reduces its supply over time, as iFinex buys back and destroys at least 27% of its revenue every month.  Moreover, LEO was launched on two blockchains, Ethereum and EOS, with a total supply of 1 Billion tokens. LEO was sold for $1 in exchange for Tether, raising $1 Billion in 10 days.  Bitfinex enables users to convert LEO between the two blockchains. It aims to enhance the Bitfinex ecosystem and offer benefits to its holders.  LEO price is hovering in a large range. The sideways trend gives a neutral outlook over the daily chart.  The price is hovering in a 15% range with the bulls dominating near the level of $3.5 and the bears aggressive near the $4.5 level. The price is stuck in the range for the past six months and unable to break on either side.   The LEO crypto price is poised to maintain the range until either side dominates. The breakout or breakdown may decide the further improvement in the price.  The volume analysis shows that the trading volume dropped by 6.39% and reached $1.401 Million in the past 24 hours. The LEO crypto ranks 24th among the top cryptos with a live market cap of $3.73 Billion. The volume-to-market cap ratio is 0.03% indicating very low volatility.  LEO Crypto Price Prediction 2024 The price prediction for the next year showcases a neutral to bullish outlook. The breakout to the upside may take the price to a high of $6.86 suggesting an upside potential of 70.29%. Whereas the lowest price that the LEO cryptocurrency may attain in the next year is $4.80.  LEO Crypto Price Prediction 2025…

---

Filed under: News - @ December 30, 2023 11:06 pm