I decided to invest in this token when I saw the founder and CEO of LCX was invited to the WEF edition 2020.
So I was very early. I invested when the token was around a cent.
ATH was 68 cents when Coinbase added it to its traded coins. At the time writing we are still down 90% from ATH.
Today we are in an environement where Exchanges go bust (FTX) or facehuge legal problems (Binance more recently). It is not by accident that LCX token is up 50% on the week !
This is the vision that Monty Metzger has for his project: "Being at the forefront of crypto regulations, we aim to ensure that LCX becomes the leading MiCA-regulated cryptocurrency exchange in Europe".
How can anything go wrong with this Exchange ?
Can the price still go down from here. Sure. Is it probable? Not very much.
Are you bullish on this project by now ?
I certainly am.
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We have now clearly a break out !!! This is very bullish for LCX !!!
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LCX a cryptocurrency exchange, offers several advantages to its users. The LCX Token (LCX) provides benefits such as a reduction of up to 50% in trading fees, access to the LCX DeFi Terminal, and the ability to pay fees for various services on the platform. Additionally, trading on a regulated crypto exchange like LCX ensures better security, safety for investors, and market integrity. Regulated exchanges are subject to regular financial audits, providing a safer environment for traders and offering global credibility. One of LCX's competitive advantages is its focus on tokenized financial assets with more regulation and security than other exchanges. The platform also prioritizes safety and security, with consumer funds segregated from company funds by law, ensuring enhanced fund and data safety. Overall, LCX stands out for its regulatory compliance, security measures, and the benefits offered through its native token.
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Looking really good ! it is a 4 x from entry point. But a still a lot of room to grow !!
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LCX will be bigger than most people can fathom !! Let's go LCX !!!
That pennant pattern on the weekly looks extremely bullish. looks like a big move is coming in the near future. In fact, it looks to play out right around the time of the halving.
@Kothakapu, bullish all the way to 2$ !! Flag pole projection says so !!
Kothakapu
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Can you post levels and price predictions for LCX from current level?
Fretomoney
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You are 100% correct. One aspect that many do not think about is the implementation of MICA EU standard for crypto assets that goes full in effect in December 2024. Binance will get regulated out of the EU. That EU money will flood into LCX. Lichtenstein corporate tax is only 12.5%. That is huge for institutional money. This is all coming full circle within the year and if you have been paying attention, Binance has been slowly unraveling the last year. Governments do not like Binance. I do not make crazy claims or unrealistic price predictions. So, for me to say LCX hitting $100.00 a token sounds nuts, but it is the logical and probable outcome in the very near future. This will not take years; it will only take months. Those of us who have been following LCX for the past couple of years and bought in low will be multi-millionaires. Some of you will be billionaires.
Dangermousebanana
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@Fretomoney, thanks for commenting and providing all that background information !
Fretomoney
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@Dangermousebanana, my pleasure. Reading my own comment looks like moonboy talk, but when you evaluate the void left in the market upon Binance exiting, it really is a probable and likely outcome. Binance has been kicked out of Russia, kicked out of India, exited multiple european countries. Germany, UK to name the largest economies that are washing their hands of Binance. In Japan you can only sell your Binance holdings, you can no longer buy. People need to see that though Binance is the largest exchange in the world, it does not mean it is too big to fail. As regulations go fully into effect, Binance will disappear due to investor confidence and Governmental pressure. Binance cannot open their books to auditors, because to do so would implicate too many people. It has no choice but to serve as an example such as FTX. So, a $100 price point, bringing LCX to an estimated 72 billion market cap is not unrealistic. Cheers to you all and good trading.
Dangermousebanana
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@Fretomoney, very interesting stuff. Keep it going !!
Fretomoney
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@Dangermousebanana, sure thing. Lets look at what LCX has to offer. The eight licenses LCX has that gives it full regulatory authority. LCX has received the approval of the following registrations in Liechtenstein:
TT Exchange Service Provider LCX is registered as a Trusted Technology exchange service provider, it exchanges legal tender like Swiss francs or Euros for Tokens and vice versa, as well as Tokens for others. Special internal control mechanisms LCX, as a TT Exchange Service Provider, makes sure that appropriate internal control mechanisms are all set before beginning their activities to: make sure the disclosure of the similar market prices for the traded Tokens make sure the declaration of the sale and purchase prices for the traded Tokens
TT Token Depositary The tokens are safeguarded in the name of others or for the account of others. The TVTG expresses that the TT service provider, i.e., LCX, must make sure that tokens kept in custody are segregated from the corresponding users. Special internal control mechanisms LCX, as a TT Token Depositary, makes sure that appropriate internal control mechanisms are all set prior to start of activities for the purpose to: execute appropriate security standards to safeguard, in specific, the loss or mishandling of the TT Keys make sure to segregate custody of Tokens of clients from the business assets of the TT Token Depositary ensure the correct allocation of Tokens of the clients implement the orders of the clients in line with the agreements
TT Key Depositary LCX guards the TT keys (e.g. private keys) for clients, for instance, to enhance the protection of clients from loss or mishandling of private keys.. Safeguarding requirements The TT Keys kept in protective trusteeship for a client, whether in the own name of the TT Key Depositary or in the name of the client, are deemed separated third-party assets in the incident of execution proceedings, constitution proceedings, or bankruptcy. Clients will be safeguarded from claims by the TT Key Depositary’s other creditors.
TT Price Service Provider LCX, as a TT Price Service Provider offers the TT system to the users with aggregated price details depending on sale and purchase offer or finished transaction. Special internal control mechanisms LCX, as a TT Price Service Provider makes sure that appropriate internal control mechanisms are all ready before initiating their activities in the interest of: making sure that transparent prices are published make sure that there is no conflict of interest when determining prices. exchange details of related party transactions with the users concerned.
TT Identity Service Providers LCX as a TT identifier identifies the person in ownership with the right to dispose of a token and record the right of disposal in a directory. This indicates that with the TT Identity Service Provider, the TT Identifier (e.g. public key) is reg Token Generator Token Issuer on its own Token Issuer on behalf of the client