Can LCX be pegged as a safe bet for near future?

November 03, 2021 07:30 AM PDT | By Manu Shankar

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Can LCX be pegged as a safe bet for near future? — Image source: kan_chana, Shutterstock.com

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Highlights

The Liechtenstein Cryptoassets Exchange (LCX) blockchain service which provides a platform to buy, sell and store cryptocurrencies. 

Following a Coinbase listing, it has attracted a lot of interest of investors.

According to CoinMarketCap, LCX is ranked 264 and it is currently trading at US $0.444885 with a 24-hour trading volume of US $80,360,434.

The Liechtenstein Cryptoassets Exchange (LCX) blockchain service which provides a platform to buy, sell and store cryptocurrencies. LCX, which is considered as one of the pioneers of the blockchain infrastructure, aims at bridging the gap between traditional payment method to the digital technology. Founded in 2018, it has eight crypto registrations by the Financial Market Authority Liechtenstein and operates in accordance with the new blockchain laws.

Also read: Why investors are so keen on TRAC crypto

Governed by its native token LCX, the token acts as a fuel of the LCX.com platform and LCX Cryptocurrency Exchange. Following the Coinbase listing, it has attracted a lot of investor interest. It saw a great rally in the intra-day trading session on Wednesday and registered gains by 50.52%.

What makes LCX unique?

Being well regulated, the LCX with seamless protocol offers seamless swap between the tradition to the digital mediums of making a transaction. With its fast-moving trusted technology landscape, the LCX has the most advanced DeFi dashboard, DeFi market charting and limiting the order protocol that is built on Uniswap.

Also read: Why is Loopring Token grabbing eyeballs?

Being a regulated trading platform, it offers the users a wide choice to choose from when it comes to crypto transaction. LCX Token is an exchange-based utility token which grants users a trading reduction of up to 50% and other staking fee benefits for its holders.

How is LCX faring in the market?

LCX is ranked 264 on CoinMarketCap, and it is currently trading at US $0.444885 with a 24-hour trading volume of US $80,360,434. At the time of writing (BST 12:55 pm), LCX was up by 50.52% in the last 24 hours. LCX has a 24-hour market cap of US $312,772,107 with a maximum supply of 703,041,116 LCX coins.

Built on Ethereum blockchain, the LCX crypto is perhaps one of the best crypto investment options available in the market at the moment. According to market experts, LCX presents a bullish outlook soon and the Coinbase listing will only enhance its outlook towards the investors. Experts are projecting a positive outlook in the next five years with its price expected to reach to US $179.74 by 2026.

Also read: What makes AirSwap (AST) an ideal crypto investment?

Conclusion

LCX has been dubbed as the Blockchain Poineer Blockchain Research Institute Canada and is one of the proud members of World Economic Forum's Centre for the Fourth Industrial Revolution. Backed by a strong advisory board, including leaders such as Don Tapscott, Jimmy Wales, Yat Siu etc.

It presents the users varied choicesOOto invest in and it can be considered as one of the safest bets to invest in as its well-regulated and funded.

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