LCX vs BNB | Bitcointalksearch.org

JamesDaniel90

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Quote from: KiaKia on January 12, 2023, 12:16:52 AM

I have LCX token on my watchlist, it needs to crash even more if I am going to buy and hold, forget whatever anyone is saying, some times, those tokens that people don't like end up doing so well, you can still make profit from LCX in a bull market and moreover, you made 70%+ already.

There are few coins that people don't like and they performed so well, for example, Shiba inu, doge coin or Hex, look into GNS ( Gains Network ) it's dex but has more potential to grow, invest only what you can afford to lose and you will be alright.

It is pumping at the moment so yes I would wait for 30% pullback at least.

It is worth a gamble as it is such a small market cap has a lot of room to grow.

klidex

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Quote from: KiaKia on January 12, 2023, 12:16:52 AM

I have LCX token on my watchlist, it needs to crash even more if I am going to buy and hold, forget whatever anyone is saying, some times, those tokens that people don't like end up doing so well, you can still make profit from LCX in a bull market and moreover, you made 70%+ already.

There are few coins that people don't like and they performed so well, for example, Shiba inu, doge coin or Hex, look into GNS ( Gains Network ) it's dex but has more potential to grow, invest only what you can afford to lose and you will be alright.

If you believe and believe in the LCX token that you have in the future, it will grow well and have a bright future, then save it until what you have targeted can actually be achieved.
But always remember that a token like that when it experiences a significant increase in price will not last long. So if the target has been reached, immediately sell all the LCX assets that you have before the price decreases.
We can see that Shiba inu tokens, Dogecoin and other memcoins can indeed grow quickly and succeed in achieving glory by achieving the highest ATH price, but only last a few moments after that they return to the bottom because the increase was caused by a momentary hype.

justdimin

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Quote from: GreatArkansas on January 11, 2023, 09:06:35 PM

This Liechtenstein exchange is far away from Binance Exchange. Take note that BNB is composed of two entities, BNB got Binance Smart Chain and Binance Exchange at the same time.
If you take a look at Binance Smart Chain (BSC) itself, Binance Smart Chain (BSC) network already got around $4 billion in TVL for all the DeFi platforms deployed to their platform right now.
It seems this Liechtenstein Exchange right now is majoring in and focusing on its cryptocurrency exchange.

It's my first time to hear about lCX. That maybe because they are a new project. It's normal that they will be focusing on their primary concept first and that would be on their crypto exchange but after that. They might also create their own chain like what binance and other crypto exchanges did. For now, comparing them to binance seems a bit off or unfair. Even the leading crypto exchange right now are also being compared with binance but binance still ends up as a winner.

This won't mean that our focus are now going to be in binance but of course trying something different is also a good idea. Who knows maybe their coin pumps up one day? Or their exchange offer something unique which aren't yet found in binance.

hugeblack

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Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

I started investing in LCX 2 months ago and this week it has seen a 72% pump which is good too see, I do expect it to come back down however.

I have seen a lot of people compare LCX to how BNB was a few years ago.

I have only been in crypto 12 months so do not know too much about BNB but can see their all time high was in May 2021 when it was priced at £492.00 which at the time gave it a £80b market cap.

Did you achieve these profits or do you read the charts? If you achieved it, it is better to withdraw your capital and leave the rest for a month.
The market lacks liquidity, and therefore the price movements with sharp fluctuations coinciding with the movement of Bitcoin is an indication of the of pumping/dumping coin, and therefore it is not a good investing signal.

Good signals are continued growth, a slow rise, and the occurrence of platform-related patterns away from the Bitcoin price.

I did a quick read about this project, and other than the recent hike there is nothing worth watching.

KiaKia

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I have LCX token on my watchlist, it needs to crash even more if I am going to buy and hold, forget whatever anyone is saying, some times, those tokens that people don't like end up doing so well, you can still make profit from LCX in a bull market and moreover, you made 70%+ already.

There are few coins that people don't like and they performed so well, for example, Shiba inu, doge coin or Hex, look into GNS ( Gains Network ) it's dex but has more potential to grow, invest only what you can afford to lose and you will be alright.

Pandji02

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Well, good for you. TBH I never trusted exchange tokens, and I can't trust them, especially after the FTX crash. Who can prove that they are not doing the same thing?

OcTradism

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LCX can not compare to BNB that has a longer history and bigger ecosystem.

LCX got its all time high in late of 2021 when altcoin projects were still hot but it fell a lot in 2022 bear market. I see many altcoin projects failed to recover from bear market.

LCX is a young altcoin project and a next bull market can help us to assess this project better. 2024 is not far but if LCX fails in 2024 bull run, I won't believe it will perform good in 2025 or 2026 bear market.

GreatArkansas

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This Liechtenstein exchange is far away from Binance Exchange. Take note that BNB is composed of two entities, BNB got Binance Smart Chain and Binance Exchange at the same time.
If you take a look at Binance Smart Chain (BSC) itself, Binance Smart Chain (BSC) network already got around $4 billion in TVL for all the DeFi platforms deployed to their platform right now.
It seems this Liechtenstein Exchange right now is majoring in and focusing on its cryptocurrency exchange.

tvplus006

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Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

...I have seen a lot of people compare LCX to how BNB was a few years ago. ..

I am sure that such a comparison is incorrect, after all, BNB is the exchange coin of the largest exchange in the world, and LCX is the exchange coin of the exchange, which is little known to anyone. Perhaps someday, if the LCX exchange enters the TOP 10 of the rating of cryptocurrency exchanges, then its exchange coin will have a higher price, but it is still very early to talk about this.

JamesDaniel90

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Quote from: malcovi2 on January 11, 2023, 01:51:33 AM

Quote from: CryptoYar on January 10, 2023, 12:43:30 PM

Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

I have seen a lot of people compare LCX to how BNB was a few years ago.

I don't think LCX should be compared with a BnB. It's the same as comparing a kid with a bodybuilder.

Binance is the #1 exchange, on the other hand, LCX is not even in the top ~~100~~ 150 exchanges in terms of volume.

Quote

would be happy with a £1b market cap next bull run

Based on Utility of the token 1b seems realistic, but it is the crypto market after all, anything can happen. $1b or 0 time will tell.

Also to answer OP's question, I don't think that LCX would reach a $1b marketcap because the other big exchange besides Binance are under $1b, I don't see why a new exchange token will reach $1b in the nearest future.

Crypto.com (CRO) has a market cap of $1.6b currently , when it was at its all time high in 2021 its market cap was $22b so you are incorrect with your point above.

I think LCX hitting $1b next bull run is realistic and that will give it a 25x from current price.

TravelMug

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I don't know, every time I heard some coins suddenly pumping in the bear market, I'm a bit skeptical. Maybe there are entities pushing for this price to the public that's why the huge pump, but then again, I will still be wary and cautious.

There are a lot of token backup by crypto exchange since 2018, and if I'm not mistaken, only the native BNB has come a lot way to be on the top of the list right now. Others exists by just another altcoin in the crypto space.

malcovi2

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Quote from: CryptoYar on January 10, 2023, 12:43:30 PM

Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

I have seen a lot of people compare LCX to how BNB was a few years ago.

I don't think LCX should be compared with a BnB. It's the same as comparing a kid with a bodybuilder.

Binance is the #1 exchange, on the other hand, LCX is not even in the top ~~100~~ 150 exchanges in terms of volume.

Quote

would be happy with a £1b market cap next bull run

Based on Utility of the token 1b seems realistic, but it is the crypto market after all, anything can happen. $1b or 0 time will tell.

they are different, LCX in my opinion is only a utility token for the exchange while BNB isn't it is a blockchain if Binance closes down the BNB coin will still run in the internet.

Also to answer OP's question, I don't think that LCX would reach a $1b marketcap because the other big exchange besides Binance are under $1b, I don't see why a new exchange token will reach $1b in the nearest future.

JeffBrad12

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binance smart chain is the key for BNB success, if other similar coins couldn't imitate of creating their own smart chain like BNB I doubtful that they will ever get as much success as BNB since BSC has quite literally contributed a lot towards the growth of value in BNB, moreover it helps BNB retains its value around bearish, so if the coins you mentioned that's supposed to go against BNB could have its smart chain I don't think it will ever reach that much valuation that you just mentioned.

Bitcoin_Arena

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Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

LCX currently has a market cap of £33m - if it was to one day reach a market cap of £80b this would give it a price of £103.00. I am not expecting this anytime soon , would be happy with a £1b market cap next bull run, but is £80b possible one day?

Nope, LCX has a higher chance of dying rather than reach the 80 Billion pound marketcap

Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

Also, looking at the BNB chart I see it did a 25x from December 2020 - May 2021 which took it to its all time high, what caused this?

BNB got so popular because it's a token of a popular exchange binance and also probably because of the launch of the Binance smart chain

I also Believe BNB is a highly manipulated token. I think Binance and CZ try as hard as possible to keep BNB a float, and we will know about these manipulations when it's too late.

CryptoYar

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Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

I have seen a lot of people compare LCX to how BNB was a few years ago.

I don't think LCX should be compared with a BnB. It's the same as comparing a kid with a bodybuilder.

Binance is the #1 exchange, on the other hand, LCX is not even in the top ~~100~~ 150 exchanges in terms of volume.

Quote

would be happy with a £1b market cap next bull run

Based on Utility of the token 1b seems realistic, but it is the crypto market after all, anything can happen. $1b or 0 time will tell.

JamesDaniel90

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Quote from: bitgolden on January 10, 2023, 10:12:43 AM

Quote from: TastyChillySauce00 on January 09, 2023, 06:37:25 PM

Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

LCX currently has a market cap of £33m - if it was to one day reach a market cap of £80b this would give it a price of £103.00. I am not expecting this anytime soon , would be happy with a £1b market cap next bull run, but is £80b possible one day?

80 billions valuation might be possible one day but it must be 100 years later. IMO this is another trash. Im sure that LCX was just paying for advertisement to the bitboy. Bitboy is known so well as a scam youtubers lol. It seems like that people will not be going to bet on this piece of shit. ATH will be a good target for you rather than aiming for billion market capitalization.

It is obvious that it's a trash, but I am not sure if it has that much longevity, because if it is still around 100 years later, that's pretty good lol. It is wiser to say it will never happen, not even after 100 years, it will be gone within a few years anyway, no investors. That's the type of thing we are comparing with the coin of the biggest exchange ever.

I have to say it's not going to be that easy to accept this at all, it would be pretty incredibly hard thing to handle and I honestly believe that the best thing to do would be making sure that it's not going to be an easy task at all. LCX is just a bad situation to be in and I do not think that it will change.

Fair enough - that is your opinion.

Will see where we are in a year at the start of the next bull run.

bitgolden

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Quote from: TastyChillySauce00 on January 09, 2023, 06:37:25 PM

Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

LCX currently has a market cap of £33m - if it was to one day reach a market cap of £80b this would give it a price of £103.00. I am not expecting this anytime soon , would be happy with a £1b market cap next bull run, but is £80b possible one day?

80 billions valuation might be possible one day but it must be 100 years later. IMO this is another trash. Im sure that LCX was just paying for advertisement to the bitboy. Bitboy is known so well as a scam youtubers lol. It seems like that people will not be going to bet on this piece of shit. ATH will be a good target for you rather than aiming for billion market capitalization.

It is obvious that it's a trash, but I am not sure if it has that much longevity, because if it is still around 100 years later, that's pretty good lol. It is wiser to say it will never happen, not even after 100 years, it will be gone within a few years anyway, no investors. That's the type of thing we are comparing with the coin of the biggest exchange ever.

I have to say it's not going to be that easy to accept this at all, it would be pretty incredibly hard thing to handle and I honestly believe that the best thing to do would be making sure that it's not going to be an easy task at all. LCX is just a bad situation to be in and I do not think that it will change.

Xal0lex

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Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

-snip-
Also, looking at the BNB chart I see it did a 25x from December 2020 - May 2021 which took it to its all time high, what caused this?

This was caused by the bull market and the growth of liquidity in the BNB blockchain. In December 2020, the cryptocurrency megapump started. The demand for this blockchain increased dramatically, hence the price of the token also began to rise. It is also worth considering that Binance accounts for the bulk of spot trading in altcoins and this also has an impact on the price of BNB. If a new bullish trend starts now, BNB could also grow in price quite nicely.

JamesDaniel90

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Quote from: TastyChillySauce00 on January 09, 2023, 06:37:25 PM

Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

LCX currently has a market cap of £33m - if it was to one day reach a market cap of £80b this would give it a price of £103.00. I am not expecting this anytime soon , would be happy with a £1b market cap next bull run, but is £80b possible one day?

80 billions valuation might be possible one day but it must be 100 years later. IMO this is another trash. Im sure that LCX was just paying for advertisement to the bitboy. Bitboy is known so well as a scam youtubers lol. It seems like that people will not be going to bet on this piece of shit. ATH will be a good target for you rather than aiming for billion market capitalization.

Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

Also, looking at the BNB chart I see it did a 25x from December 2020 - May 2021 which took it to its all time high, what caused this?

I think that you shall take another small exchange site rather than trying to compare it with binance. As far as i know that if binance is always performing so well compared with the whole exchange sites that available in the crypto. Your comparison didn't even make sense. Why don't you compare it with another exchange token like KCS? KCS was still even better than LCX.

I didn't even know Bitboy covered LCX, I have seen many others do so but not him.

I have only put a small amount in as it has a very small market cap so worth it for me - it either sees great returns next bull run or it goes to zero.

I will hold for 18-24 months and see what happens.

TastyChillySauce00

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Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

LCX currently has a market cap of £33m - if it was to one day reach a market cap of £80b this would give it a price of £103.00. I am not expecting this anytime soon , would be happy with a £1b market cap next bull run, but is £80b possible one day?

80 billions valuation might be possible one day but it must be 100 years later. IMO this is another trash. Im sure that LCX was just paying for advertisement to the bitboy. Bitboy is known so well as a scam youtubers lol. It seems like that people will not be going to bet on this piece of shit. ATH will be a good target for you rather than aiming for billion market capitalization.

Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

Also, looking at the BNB chart I see it did a 25x from December 2020 - May 2021 which took it to its all time high, what caused this?

I think that you shall take another small exchange site rather than trying to compare it with binance. As far as i know that if binance is always performing so well compared with the whole exchange sites that available in the crypto. Your comparison didn't even make sense. Why don't you compare it with another exchange token like KCS? KCS was still even better than LCX.

Silberman

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Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

Hi all,

I started investing in LCX 2 months ago and this week it has seen a 72% pump which is good too see, I do expect it to come back down however.

I have seen a lot of people compare LCX to how BNB was a few years ago.

I have only been in crypto 12 months so do not know too much about BNB but can see their all time high was in May 2021 when it was priced at £492.00 which at the time gave it a £80b market cap.

LCX currently has a market cap of £33m - if it was to one day reach a market cap of £80b this would give it a price of £103.00. I am not expecting this anytime soon , would be happy with a £1b market cap next bull run, but is £80b possible one day?

Also, looking at the BNB chart I see it did a 25x from December 2020 - May 2021 which took it to its all time high, what caused this?

You need to be very careful whenever you hear those kind of comparisons, and this is because the circumstances are never the same, how many coins have claimed they were better than bitcoin and that you should expect similar or even bigger growth than what we experimented with bitcoin? And how many accomplished their goal? Then when developers realized they could no longer use this as a marketing scheme as no one believe them anymore they used ethereum and not it seems it is the turn of BNB.

Yogee

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It's nice to see another exchange token pumping despite all the negative news recently but proceed with caution. Those who bought or caused the pump may be the same people trying to recover their losses from the FTX collapse. The comparison with Binance is one good indication of hype since it's the top CEX right now.

Quote from: JamesDaniel90 on January 09, 2023, 06:06:11 AM

...Also, looking at the BNB chart I see it did a 25x from December 2020 - May 2021 which took it to its all time high, what caused this?

Overall positive mood in crypto and Binance's consistent marketing backed by delivering crypto products to the public. The quarterly burning also contributed to the price increase.

JamesDaniel90

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Hi all,

I started investing in LCX 2 months ago and this week it has seen a 72% pump which is good too see, I do expect it to come back down however.

I have seen a lot of people compare LCX to how BNB was a few years ago.

I have only been in crypto 12 months so do not know too much about BNB but can see their all time high was in May 2021 when it was priced at £492.00 which at the time gave it a £80b market cap.

LCX currently has a market cap of £33m - if it was to one day reach a market cap of £80b this would give it a price of £103.00. I am not expecting this anytime soon , would be happy with a £1b market cap next bull run, but is £80b possible one day?

Also, looking at the BNB chart I see it did a 25x from December 2020 - May 2021 which took it to its all time high, what caused this?

Topic: LCX vs BNB (Read 241 times)