Can LeverFi build on a strong September?
Key Takeaways
- LeverFi (LEVER) has consolidated in a neutral trend since its launch in August 2022.
- The token supports the LeverFi decentralized leverage trading platform.
- Our LeverFi price predictions suggest the rest of 2025 will be bullish.
LeverFi’s LEVER token spiked twice in late 2023. Although it sank to an all-time low in August, it managed to recover and is still going back up. Things are, at the time of writing, looking positive for the decentralized leverage trading platform despite a short-term retracement that started in July 2024.
On Aug. 15, 2024, LEVER exchanged hands for $0.0017.
Let’s examine our price predictions for LEVER, made on Aug. 15, 2024. We will also examine the LEVER price history and discuss what LEVER is and does.
LeverFi Price Prediction
CCN used the wave count method to form its LEVER price predictions. We’ve added 20% to the targets to refine our forecasts and establish the maximum and minimum LeverFi price predictions.
| Minimum LEVER Price Prediction | Average LEVER Price Prediction | Maximum LEVER Price Prediction | |
|---|---|---|---|
| 2024 | $0.0028 | $0.0035 | $0.0042 |
| 2025 | $0.0022 | $0.0027 | $0.0032 |
| 2030 | $0.0051 | $0.0063 | $0.0075 |
The most likely wave count suggests that LEVER started an A-B-C corrective structure in August 2023. If this is the case, LEVER likely completed the B wave in August 2024 by creating a long lower wick (white icon) and validating a long-term ascending support trend line.
Giving wave C the same magnitude and duration as wave A leads to a high of $0.0069 in May 2025. In this projected movement, LEVER could finally break out from the $0.0040 resistance area.
Then, we can project a correction that lasts for 0.618 and ties the entire A-B-C structure. Doing so leads to a low of $0.0024 in April 2026.
During these projected upward and downward movements, the wave count method gives LEVER price predictions of $0.0035 and $0.0027 for the end of 2024 and 2025, respectively.
Finally, we use the daily rate of increase for the past year to arrive at our LeverFi price prediction for 2030. Since August 2023, LEVER has increased by 42%, a daily rate of 0.11%. Projecting this increase until the end of 2030 leads to a target of $0.0063.
LeverFi Price Prediction for 2024
Our wave count method gives a LEVER price prediction of $0.0035 for the end of 2024.
LeverFi Price Prediction for 2025
Our wave count method gives a LEVER price prediction of $0.0027 for the end of 2025.
LeverFi Price Prediction for 2030
Using the daily rate of increase for the past years, we arrive at a LEVER price prediction of $0.0063 for the end of 2030.
LEVER Price Analysis
The daily LEVER price chart shows a decline under a resistance trend line since June 2024. During the downward movement, the price reached a low of $0.0013 on Aug. 5. LEVER bounced afterward, creating a long lower wick.
Despite the upward movement, the LEVER price still trades under the resistance trend line.
The bullish divergence in the daily MACD (green) enhances the chance of a bullish trend reversal. The fact that the RSI also increased outside of its oversold territory supports this possibility.
While a breakout seems likely, the main obstacle is created by the $0.0022 horizontal resistance area, which had previously provided support since March. Until LEVER breaks out from it, the trend cannot be considered bullish.
Short-Term LEVER Price Prediction
The LeverFi price prediction for the next 24 hours hinges on the price increasing toward the resistance trend line and reaching the $0.0022 resistance area. If this is the case, the price of LeverFi can reach the trend line by the end of the week and then break out, reaching the horizontal resistance area next week.
LEVER Average True Range
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Aug. 15, LEVER’s weekly ATR is 0.0007, implying low volatility. It has fallen since its all-time high in December 2022. As a proportion of the 0.0017 LEVER price, the ATR is 0.038.
LeverFi Relative Strength Index (RSI): Is LEVER Oversold or Undersold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.
Movements above 70 and 30 show overbought and oversold conditions, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Aug. 15, LEVER’s weekly RSI was 41, showing a bearish trend. The indicator crashed below 50 in June.
LEVER Price Performance Comparisons
LeverFi is a Decentralized Finance (DeFi) platform, so let’s compare it with other projects in the same category.
Best Days and Months to Buy LEVER
We looked at the LEVER price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, indicating the best times to buy Lever. We also saw when the price was at its highest, suggesting the worst time to buy LEVER.
| Time to Buy LEVER | Best Days, Weeks, Months and Quarters |
|---|---|
| Best Day | Thursday |
| Best Week | 29 |
| Best Month | July |
| Best Quarter | Quarter 1 |
LEVER Price History
Now, let’s examine the LeverFi price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with useful context if we want to make or interpret a LeverFi price prediction.
2022: LEVER launched in mid-July 2022, starting at around $0.0013. The token quickly surged to an all-time high of $0.005333 on July 16, 2022. However, the price soon declined, and after the FTX (FTT) exchange collapsed in November 2022, LEVER dropped below $0.001. It managed to recover slightly and closed the year at $0.001648.
2023: LEVER reached $0.003515 on Feb. 20, 2023, before declining again. In June, news that the United States Securities and Exchange Commission (SEC) was suing Binance and Coinbase, coupled with Crypto.com (CRO) suspending its American institutional operations on June 10, caused LEVER to drop to $0.0009909. The token recovered slightly, reaching $0.001631 on Aug. 15, 2023.
On Aug. 17, 2023, following the news that Elon Musk’s SpaceX had sold millions of dollars worth of Bitcoin (BTC), LEVER hit an all-time low of $0.0008609. It then experienced some recovery with fluctuations, reaching $0.0012 on Sept. 13, 2023. The token surged again, hitting $0.003161 on Oct. 3, 2023, before dropping to close the year at $0.001691.
2024: The price of LeverFi started the year with a bang, reaching highs of $0.0025 in July. However, it has fallen since and traded at $0.0017 in August, close to the price at the year’s opening.
| Time Period | LEVER Price |
|---|---|
| Last Week (Aug. 8, 2024) | $0.0016 |
| Last Month (July 15, 2024) | $0.0024 |
| Three Months Ago (May 15, 2024) | $0.0038 |
| One Year Ago (Aug. 15, 2023) | $0.0013 |
| Five Years Ago (Aug. 15, 2019) | N/A |
| Launch Price (July 13, 2022) | $0.0013 |
| All-Time High (July 16, 2022) | $0.0052 |
| All-Time Low (Nov. 14, 2022) | $0.000923 |
LEVER Market Cap
The market capitalization, or market cap, is the sum of the total number of LEVER in circulation multiplied by its price. On Aug. 15, 2024, LEVER’s market cap was $57 million, making it the #524th largest crypto by that metric.
Who Owns the Most LeverFi Tokens?
On Aug. 15, 2024, a wallet containing held 33.36% of the LEVER supply.
Richest LEVER Wallet Addresses
As of Aug. 15, 2024, the five wallets with the most LEVER were
- 00x28d3220ebd66ac526f6e72a3412f29a7eed753b0. This wallet held 11,675,912,028 LEVER or 33.36% of the supply.
- 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet held 7,700,000,028 LEVER or 22.00% of the supply.
- 0x5a52e96bacdabb82fd05763e25335261b270efcb. This wallet held 4,944,000,028 LEVER or 14.11% of the supply.
- 0x968631826bd243adbbe1777718e120b106379377. This wallet held 2,108,183,028 LEVER or 6.02% of the supply.
- 0x9952401dc02b7332e709c2c7a6b8d5a5819272d7. This wallet held 1,432,509,028 LEVER or 4.09% of the supply.
Lever Supply and Distribution
| Supply and Distribution | Figures |
|---|---|
| Total Supply | 35,000,000,000 |
| Circulating Supply as of Aug. 15, 2024 | 33,166,721,270 (93% of the total supply) |
| Holder Distribution as of Aug. 15, 2024The top | p 10 holders owned 89.7% of the total supply |
Is LeverFi a Good Investment?
It is difficult to tell. LEVER experienced some growth in late 2023. Let’s not forget that it is still a fairly minor crypto. Both its current investors and the people behind the platform hope that it can continue its run and become a better-known system.
As always with crypto, you should do your own research before deciding whether or not to invest in LEVER.
Will LeverFi go up or down?
No one can really tell right now. While the LeverFi crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in LeverFi?
Before you decide whether or not to invest in LeverFi, you will have to do your own research, not only on LEVER but on other coins and tokens such as Chainlink (LINK) or The Graph (GRT). Either way, you must also ensure you never invest more money than you can afford to lose.
LeverFi (LEVER) Explained
LeverFi is a platform that allows people to take a traditional financial trading approach and apply it to the blockchain. It is a decentralized leverage platform, which means that people can borrow money to trade it.
Crypto entrepreneurs Lawrence Lim and Loh Zheng Rong founded LeverFi, then known as RAMP DEFI, in 2019. The platform, which is based on the Ethereum (ETH) blockchain, went live under its new name in 2022.
The LEVER crypto token supports the LeverFi platform.
How LeverFi Works
People who use LeverFi can deposit crypto as collateral. This collateral can be unified into a single asset, which allows them to trade with more money than they otherwise would have.
While leverage can enhance profits, it can also magnify losses.
LEVER pays for fees on the network. The token’s holders can vote on changes to the network. People can also buy, sell, and trade it on exchanges.
FAQs
Will LeverFi reach $0.01?
Our price predictions suggest LEVER will not reach $0.01 in the near future.
What is LeverFi used for?
The LEVER token pays for fees on the LeverFi crypto platform. The token’s holders can vote on changes to the network. People can also buy, sell, and trade it on exchanges.
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