Bitfinex\u2019s utility token, LEO, stands out from the crowd with positive moves amid the market-wide downturn that suppressed most coins.\u00a0It saw an 8.69% price increase on the day and added 11.42% over the past seven days, which placed it among the top-gaining coins on the last day.<\/p>\n
LEO token\u2019s move today follows a consistent price increase since June 20, after Bitfinex announced<\/a> a public grant to support the open-source development of Qubes OS in partnership with Tether, USDT stablecoin issuer.<\/p>\n LEO\u2019s value did not only strengthen against the dollar but outperformed the two market forerunners, Bitcoin and Ethereum<\/a>, in terms of 24-hour price change.\u00a0At the time of writing, LEO is up 9% against Bitcoin and nearly 8% against Ethereum. The bullish momentum presented in LEO\u2019s price movement suggests a move to conquer the $4 psychological level.\u00a0<\/p>\n Related Reading: Is Chainlink The Most Undervalued Altcoin? It\u2019s Do Or Die For LINK<\/a><\/p>\n The token\u2019s price stalled at the consolidation channel between $3.51 and $3.6 over the past weeks. But currently, LEO is trading at a low of $3.63 and a high of $3.93. Also, its bull-bear power is neutral, indicating a fierce struggle to prevail between the bears and the bulls as the histogram bars show long green candle stick patterns.<\/p>\n Notably, the token has bounced off the 200 Exponential Moving Average<\/a>, indicating a golden cross, meaning LEO is witnessing an upward trend due to a strong buying interest. It also suggests the bulls are in action to trigger a further uptrend.<\/p>\n The Relative Strength Index (RSI)<\/a> has exceeded 78, meaning the asset is leaving the overbought territory.\u00a0This move indicates that LEO\u2019s price is approaching a swing rejection where it could break its last record high.<\/p>\n Qubes OS is a free, open-source security-oriented desktop operating system that touts itself as a reasonably secure OS.\u00a0It allows users to secure through compartmentalization. And Qubes OS aims to provide security and enhanced privacy through isolation.\u00a0<\/p>\n Bitfinex and Tether\u2019s 100,000 USDT grant highlights went toward the company to support projects that drive the development of secure and decentralized technologies. <\/p>\n In a statement, Paolo Ardoino, CTO of Tether and Bitfinex, said the firms recognize that privacy and security are paramount in the digital age.<\/p>\n Also, the LEO token\u2019s price<\/a> move could have gained momentum through the brief market rebound over the last 48 hours.\u00a0As of yesterday, June 22, LEO closed with a 0.6% price increase when the global crypto market capitalization improved by 3%.\u00a0Although the market retraced slightly, LEO\u2019s momentum only peaked, suggesting stronger market forces at play.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitfinex\u2019s utility token, LEO, stands out from the crowd with positive moves amid the market-wide downturn that suppressed most coins.\u00a0It saw an 8.69% price increase on the day and added 11.42% over the past seven days, which placed it among the top-gaining coins on the last day.<\/p>\n LEO token\u2019s move today follows a consistent price increase since June 20, after Bitfinex announced<\/a> a public grant to support the open-source development of Qubes OS in partnership with Tether, USDT stablecoin issuer.<\/p>\n LEO\u2019s value did not only strengthen against the dollar but outperformed the two market forerunners, Bitcoin and Ethereum<\/a>, in terms of 24-hour price change.\u00a0At the time of writing, LEO is up 9% against Bitcoin and nearly 8% against Ethereum. The bullish momentum presented in LEO\u2019s price movement suggests a move to conquer the $4 psychological level.\u00a0<\/p>\n Related Reading: Is Chainlink The Most Undervalued Altcoin? It\u2019s Do Or Die For LINK<\/a><\/p>\n The token\u2019s price stalled at the consolidation channel between $3.51 and $3.6 over the past weeks. But currently, LEO is trading at a low of $3.63 and a high of $3.93. Also, its bull-bear power is neutral, indicating a fierce struggle to prevail between the bears and the bulls as the histogram bars show long green candle stick patterns.<\/p>\n Notably, the token has bounced off the 200 Exponential Moving Average<\/a>, indicating a golden cross, meaning LEO is witnessing an upward trend due to a strong buying interest. It also suggests the bulls are in action to trigger a further uptrend.<\/p>\nLEO Outperforms Top Coins With Recent Action<\/h2>\n
BitFinex\/Tether Grant May Have Influenced LEO\u2019s Price Momentum<\/h2>\n
LEO Outperforms Top Coins With Recent Action<\/h2>\n