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LeverFi Price Prediction 2024: LEVER Going Back Up…For Now

Last Updated February 23, 2024 10:47 AM
Peter Henn
Last Updated February 23, 2024 10:47 AM

Key Takeaways

  • LEVER has gone up and down since reaching an all-time low in August.
  • The token supports the LeverFi decentralized leverage trading platform.
  • Can LEVER keep moving up?
  • One LeverFi price prediction says LEVER can reach $0.006532 in 2025. 

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. 

On February 23, 2024, LEVER was worth about $0.0019.

LeverFi did not immediately respond to a request for comment.

But what is LeverFi (LEVER)? How does LeverFi work? Let’s see what we can find out, and also take a look at some of the LeverFi Price Predictions that were being made as of February 23 2024.

LeverFi Price Prediction

Let’s examine some of the LeverFi price predictions being made on February 23, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $0.00341 $0.0101 $0.0137
Prediction #2 $0.004666 $0.006532 $0.01586
Prediction #3 $0.0025 $0.0035 $0.0243

First, CoinCodex  made a short-term LeverFi price prediction that said the token would fall to $0.001754 by February 28 before recovering to $0.00196 by March 24. The site’s technical analysis was bullish, with 22 indicators sending positive signals and just three making bearish ones. 

LeverFi Price Prediction for 2024

DigitalCoinPrice  said that LeverFi would reach $0.00341 at some point this year, while Bitnation  said it would be worth $0.004666. PricePrediction .net , meanwhile, claimed LEVER would trade at $0.0025 in 2024. 

LeverFi Price Prediction for 2025

Moving on, DigitalCoinPrice’s LEVER price prediction said it would trade at $0.0478 next year. Bitnation said the token would reach $0.006532 then. PricePrediction.net said LeverFi would be worth $0.0035 in 2025. 

LeverFi Price Prediction for 2030

Looking at a more long-term LeverFi price prediction, DigitalCoinPrice said it would reach $0.0137 in 2030. Bitnation thought it could trade at $0.01586 that year. PricePrediction.net’s LeverFi price forecast said it would get to $0.0243 by the start of the next decade. 

Google Gemini AI Price Prediction for LeverFi (as of February 23)

Google’s Gemini AI platform gave the following price prediction for LeverFi on February 23. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 1-3 months):

  • Bullish factors:
    • Recent price increase of 7.65% in the last 24 hours.
    • Upcoming product launches and partnerships could boost confidence and adoption.
    • Positive sentiment from some crypto analysts.
  • Bearish factors:
    • Overall bearish trend in the cryptocurrency market.
    • High competition in the DeFi space.
    • Regulatory uncertainty surrounding cryptocurrencies.

Prediction: Based on these factors, it is difficult to say definitively whether the price will go up or down in the short term. It could potentially see moderate gains if positive momentum continues, but there are also risks of a decline due to broader market conditions.

Medium Term (Next 6-12 months):

  • Bullish factors:
    • Increased adoption and usage of the LeverFi platform could drive demand for LEVER tokens.
    • Successful execution of the project roadmap could attract more investors and partnerships.
    • Potential for positive news or events related to DeFi or crypto in general.
  • Bearish factors:
    • Continued regulatory scrutiny could put pressure on the entire cryptocurrency market.
    • Competition in the DeFi space could intensify, making it harder for LeverFi to stand out.
    • Unexpected technical issues or security vulnerabilities could damage trust and confidence.

Prediction: The medium-term outlook is more uncertain, but the potential for growth exists if LeverFi can deliver on its promises and attract more users. However, there are also significant risks that could hinder its progress.

Long Term (Next 3-5 years):

  • Bullish factors:
    • Widespread adoption of DeFi could lead to increased demand for LEVER tokens.
    • Successful integration with other blockchain ecosystems could expand the reach of LeverFi.
    • Continued development and innovation could give LeverFi a competitive edge.
  • Bearish factors:
    • The long-term viability of the DeFi industry is still uncertain.
    • Technological advancements could make LeverFi’s technology obsolete.
    • Regulatory regulations could significantly impact the cryptocurrency market.

Prediction: The long-term outlook is highly speculative and depends on many factors beyond the control of LeverFi. However, if the project can overcome the challenges and capitalize on the opportunities, there is potential for significant growth in the long run.

It added: “Remember, these are just predictions and should not be taken as financial advice. Always do your own research before making any investment decisions.”

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 some very useful context if we want to make or interpret a LeverFi price prediction.

LEVER first came onto the open market in the middle of July 2022. At this time, it was worth about $0.0013. The token shot up quickly, reaching an all-time high of $0.005333 on July 16. The price then fell, with things made worse in November. When the FTX (FTT) exchange collapsed, LEVER sank below $0.001. There was something of a recovery and it closed the year at $0.001648.

LeverFi in 2023 and 2024

LeverFi Price History
LeverFi spiked in 2023 | Credit: CoinMarketCap

2023 was a year of ups and downs for LEVER. A buoyant market saw it reach $0.003515 on February 20, but then it dropped. June’s news that the United States Securities and Exchange Commission (SEC) was suing the Binance and Coinbase exchanges hit the market. When Crypto.com (CRO) suspended its American institutional operations on June 10, LEVER dropped to $0.0009909. 

The token made something of a recovery over the following two months, reaching $0.001631 on August 15. Then, disaster struck. Elon Musk’s SpaceX sold millions of dollars worth of Bitcoin (BTC) and the market collapsed. LEVER slumped to an all-time low of $0.0008609 on August 17. 

The token then recovered, albeit with some peaks and troughs. On September 13, it was worth $0.0012. After that, though, it shot up. On October 3, it reached a high of $0.003161. It then dropped to close the year at $0.001691. This meant that it had barely moved, experiencing a rise of just 2.6% year-on-year at a time when the overall market more than doubled.  

By February 23 2024, LeverFi was worth $0.0019.

At that time, there were 28.89 billion LEVER in circulation out of a total supply of 35 billion. This gave the token a market cap of $54.5 million, making it the 534th-largest crypto by that metric. 

Is LeverFi a Good Investment?

It is difficult to tell. LEVER experienced some growth in the autumn last year. Let’s not forget, though, that it is still a fairly minor crypto. Both its current investors and the people behind the platform will be hoping that it can continue its run to become a better known system. 

As ever with crypto, you will need to make sure you 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, too, that prices can, and do, go down as well as 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 will also need to make sure that 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 piece of financial trading and apply it to the world of the blockchain. It is a decentralized leverage platform. This means that people can, in effect, borrow money in order 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. 

LeverFi Attention Tracker

LeverFi Google Search Volume
LeverFi Google search volume | Credit: Google

Here is a chart for the LeverFi Google search volume for the past 90 days. This represents how many times the term “LeverFi” has been Googled over the previous 90 days.


How many LeverFi are there?

On February 23, 2024, there were 28.89 billion LEVER in circulation out of a total supply of 35 billion.

Will LeverFi reach $0.01?

It might do, but not for a little while. BitNation said LEVER would break the cent in 2027, PricePrediction.net thought it would get there in 2028, and DigitalCoinPrice said it would get past $0.01 in 2030.

Bear in mind that LEVER has never traded at $0.01. 

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. 


Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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