LEO Price Analysis August 2022

LEO is a token of the platform Bitfinex. Its current price is around $5.04 by the time of writing, with a low of $3.36, and has a market cap of 4.8 billion dollars.

What is Bitfinex?

Bitfinex is a popular cryptocurrency exchange, supporting multiple trading options, such as spot trading and margin accounts. They also provide derivatives and paper trading. Bitfinex offers an extensive knowledge base for its users and a ticket-based support center.

The average TrustPilot score shows that user satisfaction is high. Bitfinex is one of the oldest cryptocurrency exchanges registered in the British Virgin Islands.

What is LEO?

LEO is the coin of the Bitfinex platform, which is around $5.04 by the time of writing, with a low of $3.36.

It reached a high of $8.04, and its current ranking is #19 according to CoinMarketCap, with a market cap of 4.8 billion dollars LEO token is the utility token for Bitfinex and related trading platforms, which is planned to strengthen the Bitfinex ecosystem and to be used in trading, lending, and other exchanges. Its primary purpose of use will be to optimize liquidity.

LEO Coin Market Analysis 

LEO has a total supply of 985,239,504 coins worth around $5.04 with a market volume of 3 million dollars, whereas the market capitalization is 4.8 billion dollars at writing. 

LEO Price Prediction

LEO coins are a great investment because they’re reliable and have plenty of liquidity. UNUS SED LEO would be one of the first pioneers of Cryptos, like Bitcoin, Ethereum, etc.

On the 1D timeframe, the price action of $LEO/USDT is trying to break its resistance trendline of the falling wedge. Therefore, we have to wait for a successful breakout, and we will enter it after a retest.

On-demand analysis on $LEO or any other coin can join our Telegram channel at any time.

Leo Price Chart August 2022
LEO Price Chart August 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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