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What bear market? This token is quietly making new highs, up 300% against Bitcoin in 2022

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cointelegraph.com

Unus Sed Leo (LEO) has not only survived the crypto market bloodbath in the first half of 2022, but has actually posted major gains, bucking the big crypto crash.LEO, a utility token used across the iFinex ecosystem, finished the first half of 2022 against Bitcoin at 32,793 satoshis, up almost 300%.

The token also rallied 55% against the U.S. dollar in the same period, hitting $5.8 for the first time since February 2022. In contrast, Bitcoin (BTC) and Ether (ETH), the top two crypto assets by market cap, fell by over 60% and 70%, respectively.That has made it the best-performing crypto asset in the top ranks so far into 2022.The crypto market wiped more than $2 trillion off its valuation in the first half of 2022, led by rate hikes, the collapse of Terra, and systemic insolvency troubles across leading cryptocurrency lending platforms and hedge funds.LEO's price also suffered a 25% decline after hitting its all-time high of $8.14 in February 2022.

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