Yes, fear is predominant in the crypto FinTech world. It is also dominating the traditional stock market and money markets. So, what does this mean to crypto investors? Is it time to stop investing in crypto or is it time to re-evaluate your crypto investment strategies? The CEO of the well-respected Blockchain.com, Peter Smith says there is more “creative destruction” to come but that this will ultimately be helpful in consolidating the crypto economy. He points out that the weak protocols, assets and investors will be exposed by this crypto crash and the strong foundations of the crypto FinTech will survive and flourish. When you understand the fundamentals of LCX, you can gain an appreciation of the potential upside of the LCX Token as an investment.
More Crypto Destruction Coming
For cryptocurrency investors who experienced their first bout of crypto panic in recent weeks — witnessing not only big bitcoin declines but the crash in stablecoins, the collapse of Luna, Terra and fall from grace for Terraform Labs founder Do Kwon — get used to it, according to Blockchain.com CEO Peter Smith.
More pain is coming, Smith says, more risk will be exposed, but ultimately, it’s a good thing for the decentralized economy.
For the crypto investor, he says the lesson of the past few weeks should be back to the crypto equivalent of the traditional market investing concept of dollar-cost averaging — slowly building a position in an asset over time so all your money isn’t exposed to any single bout of volatility.
“Average into it slowly,” Smith told CNBC’s “Worldwide Exchange.”
Bitcoin hit its lowest level since December 2020 earlier this week, under $26,000, and shares of publicly traded crypto brokerage company Coinbase were down by as much as 74% year-to-date this week,
“And you need to be prepared to hold it for quite some time,” Smith added. “Because we’re still in really the nascent period of building this whole finance system out.”
Blockchain.com, one of the more established players in the space, founded in 2011, ranked No. 7 on this year’s CNBC Disruptor 50 list.
Lately, investors have not been patient, with the institutions that had piled into crypto pulling out in droves, making off with considerable gains, and leaving many rookie retail investors left holding the bag, a classic outcome in a market bubble.
“What’s going on in the market is a washout of risk and leverage across the entire global market system, and we’ve certainly felt that in crypto very keenly, especially in the past few weeks,” Smith said. “I’ve been saying for a long time this is going to be a long process of adoption and growth.”
This process will include more destruction in the short term as weaker links in the crypto economy are wiped out.
Bitcoin’s 2022 performance
LCX 2022 performance
“What you need to see is consolidation in the market itself as well as the companies serving the market,” Smith said.
He recently tweeted about “creative destruction” making the crypto industry stronger in the long run, and told CNBC, “There are a lot of companies and protocols and assets where we do need the process of creative destruction to come through the market.”
“I would expect in the next few weeks after this really dramatic pulldown in the market, some of the risks start to be exposed through the economy,” Smith said.
This will include the companies, trading firms and funds that haven’t been managing their risks appropriately being shut down.
“It is going to take a few weeks, if not months, to see the ripple effect of a really brutal two or three weeks for crypto,” he added.
Smith remained the crypto bull, telling CNBC as someone now witnessing their “fourth or fifth” market cycle in the volatile fintech sector, that “every single time it’s been brutal pain on the way in but led to a stronger industry, and more useful industry, and real fundamental growth over the next two to three years that follow.”
LCX Is An Excellent Investment Opportunity
Most investors will find the LCX Exchange is an excellent investment opportunity through the purchase of the LCX Token. If you are not familiar with LCX, now is a great time to start your research and due diligence.
LCX is the Lichtenstein Cryptoassets Exchange and is headquartered in Liechtenstein. Lichtenstein is a German-speaking, 25km-long principality between Austria and Switzerland. Much like another European safe haven, Malta, the government in Lichtenstein introduced Blockchain Act, a well-thought-out regulatory framework, which will provide security for any blockchain-based, or cryptocurrency enterprise.
Monty C. M. Metzger, founder, and CEO of LCX, optimistically announced that they’ll continue to propel fintech and blockchain innovation due to their dedication to developing a new category leader in the crypto industry. Let’s see how $LCX can prove interesting for crypto investors
LCX is a CeFi (Centralized Finance) exchange, as contrasted to a DeFi one. Take a look at the distinction between the two:
Source: LCX.com
The LCX ($LCX) is the native token of the LCX.com platform and LCX Cryptocurrency Exchange. The LCX Token aims to encourage various stakeholders to participate in the ecosystem by functioning as a long-term sustainable incentive mechanism.
The LCX Token is an exchange-based utility token that gives all users a piece of the pie when they trade in one of the two cryptocurrencies present on LCX.com, Bitcoin or Ethereum. Users with a certain amount of LCX Tokens can then access premium features not available for other users. The LCX Token is an ERC20 token and can be stored in any ERC20 compatible wallet.
Token Summary
Interesting on-chain metrics that provide a rapid understanding of the state of LCX
Actionable Signals
Momentum and value signals that will help you better judge the on-chain sentiment of LCX
Where to trade LCX tokens
Uniswap is a decentralized exchange (DEX) for swapping tokens, which uses an automated market maker (AMM) model that allows users to trade against a liquidity pool. While this is obviously a good option to purchase LCX (LCX), we only recommend this platform for advanced users. Due to the fact that this exchange is decentralized, you are liable for any losses due to errors made.
LCX Technical Analysis
LCX has been experiencing lots of selling pressure this month. This pushed prices into oversold territory twice and the market is currently recovering. The price of LCX has been a bit stagnant in the last week as shown by the sleeping William Alligator. Currently, LCX has little momentum increasing to the upside. MACD lining is about to cross the signal line and we, therefore, anticipate the price of LCX to break out to higher prices.
Extreme Fear and Greed Index
The Fear & Greed Index analyzes the current sentiment of the Bitcoin market and converts the data into a simple meter from 0 to 100. Zero means “Extreme Fear”, while 100 means “Extreme Greed”. The best time to buy is when the Fear & Greed Index is and has been in the “Fear” portion of the index, especially if the Fear Index has been extremely low. When is the best time to sell or wait for the market to adjust? When the Greed Index is high.
If you look at where the market has been the past few days, you can see the Fear Index is at a very low score of about 9 (as shown by the orange arrow). However, you can see it has improved a little bit to about 15.
For a more detailed explanation of the Fear & Greed Index, read the LCXwire article “Extreme Crypto Fear Major Reason To Buy LCX Token Right Now For Profit“.
Trading tips
Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
When Investors are getting too greedy, that means the market is due for a correction.
In looking at the charts for the past year, you get a very good idea of how LCX has followed the Fear & Greed Index.
LCX Price Predictions 2022 – 2030
Walletinvestor
LCX historical index ranks a ‘D’, but would otherwise make an awesome one-year investment. This is because its value is forecast to rise by 147% to trade at $0.157 by May 2023. LCX price forecast for the coming two weeks is bearish with prices falling from the LCX current price to $0.0311. LCX bull run will begin in May 2024 when the return on investment will be 404%, this will rise to 538% in 2025 and 670.2% in 2026. A $100 investment made in LCX today will earn $140 in May 2023. Trading in positive markets can be profitable but always research more strategies.
Swapspace
Swapspace cryptocurrency exchange is bullish on the price of LCX this year. They predict a potential return on investment of 102% in 2022, therefore, LCX would make a profitable investment option.. 2023 will have more price growth with an ROI of 171% at the end of the year. At this rate, LCX market capitalization will grow and outperform many cryptos in the cryptocurrency market. In 2024 ROI will be 262% and in 2025 at 343%. Long term price prediction for 2030 shows the return on investment will be over 1000%. They also acknowledge that technological advances, legal positions and announcements will impact the value of LCX.
Digitalcoin Price
LCX is forecast to trade at an average price of $0.082 this year with prices ranging between $0.0774 and $0.0866. Market volatility may however push prices lower. According to their analysis LCX had its best performance in the first half of 2022, and moving forward the price will rise and stagnate at about $0.085 with the year closing at an average price of $0.0894. The average trading price will rise every year up to 2031. LCX will reach $0.1 in 2024 but will fall and average at $0.0935 for the year. It will then reach $0.2 in 2028 and in 2030 LCX will be selling at an average price of $0.29.
Source: cryptoolitian.com
LCX Price Predictions 2022 – 2030
Walletinvestor
LCX historical index ranks a ‘D’, but would otherwise make an awesome one-year investment. This is because its value is forecast to rise by 147% to trade at $0.157 by May 2023. LCX price forecast for the coming two weeks is bearish with prices falling from the LCX current price to $0.0311. LCX bull run will begin in May 2024 when the return on investment will be 404%, this will rise to 538% in 2025 and 670.2% in 2026. A $100 investment made in LCX today will earn $140 in May 2023. Trading in positive markets can be profitable but always research more strategies.
Swapspace
Swapspace cryptocurrency exchange is bullish on the price of LCX this year. They predict a potential return on investment of 102% in 2022, therefore, LCX would make a profitable investment option. 2023 will have more price growth with an ROI of 171% at the end of the year. At this rate, LCX market capitalization will grow and outperform many cryptos in the cryptocurrency market. In 2024 ROI will be 262% and in 2025 343%. Long term price prediction for 2030 shows the return on investment will be over 1000%. They also acknowledge that technological advances, legal positions and announcements will impact the value of LCX.
Digitalcoin Price
LCX is forecast to trade at an average price of $0.082 this year with prices ranging between $0.0774 and $0.0866. Market volatility may, however, push prices lower. According to their analysis LCX had its best performance in the first half of 2022 and moving forward the price will rise and stagnate at about $0.085 with the year closing at an average price of $0.0894. The average trading price will rise every year up to 2031. LCX will reach $0.1 in 2024 but will fall and average at $0.0935 for the year. It will then reach $0.2 in 2028 and in 2030 LCX will be selling at an average price of $0.29.
LCX Price Predictions by Industry Influencers
The LCX exchange is leveraging its regulated tokenization mechanism to attract more investors or rather projects that are seeking funding. Initial coin offerings have been used to raise funds from crypto communities for many projects.
Junior Crypto Space believes LCX is going to explode.
Crypto Crako predicts a bull market for Bitcoin and LCX
Conclusion
LCX had its best run between October and November 2021 when it set its all-time high. Looking into the future the value of LCX will grow steadily in the next 10 years, probably reaching its ATH again in 2029.
The steady growth is partly enabled by the registration of the LCX exchange in many jurisdictions.
FAQS about LCX
Where can I buy LCX?
LCX coins can be bought on Uniswap, Coinbase and LCX exchange
What will the price of LCX be in 5 years?
LCX in 5 years, 2027 will be $0.40.
What will the price of LCX be in ten years?
LCX price in 10 years will be about $1.60.
When will the price of LCX reach $1?
LCX value will reach $1 in 2029.
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