LEO token is a utility token for the Bitfinex exchange platform. LEO as a utility token, helps Bitfinex users to pay fewer fees. Bitfinex exchange platform is owned by the company IFinex. IFinex announced that they will buy back and burn the coins monthly with at least a quarter of the company's gross revenue. Burning coins makes LEO coin deflationary and its price is expected to increase over time because of decreasing supply.
With a total market cap of over $4.57 billion, UNUS SED LEO is the No. 20 cryptocurrency by market size. The currency symbol for UNUS SED LEO is LEO. The total supply of UNUS SED LEO is 985 million.
The technical price analysis for UNUS SED LEO below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of UNUS SED LEO.
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