UNUS SED LEO, or Bitfinex Leo Token, (LEO) is a new and flourishing cryptocurrency that has been introduced in the spring of this year by the Bitfinex exchange platform.
LEO in 2019 - the smooth rider
Performance-wise, LEO sits in third place behind the other two wonder-coins: Seele and Synthetix. However, these standing may change with time as those two are only at the beginning of the correction phase, while LEO has been in it for quite some time now.
After being released in mid-May, LEO has instantly begun showing its strength by engaging in the short-term bull run, which lasted for three months and took the coin value from $1.05 to the all-time high of $1.97.
The price stayed at this level for about two weeks, giving traders have had plenty of time to analyze its further path and take their profits. Those who fell into a classic greed trap were then forced to watch as the price of LEO went skidding down the chart towards the interim support level of $1.2. Upon that, the currency began a very smooth correction, without any abrupt price spikes or drops, which took LEO from $1.28 to its current price of $0.81 (as of the time of writing).