As crypto continues to crawl out of its slump, some altcoins are shining through as particularly interesting to investors. Indeed, many crypto bulls are turning to smaller projects once again after the crash, signaling a desire for fast gains. The LCX (CCC:LCX-USD), short for Liechtenstein Crypto Exchange, is one project that’s seeing more attention, thanks to its fast upward movement this week. And with another catalyst on its way, the LCX crypto is primed for more.
LCX is, as its name implies, is a European crypto exchange. Compliant with Liechtenstein’s blockchain laws, the platform isn’t huge, but it represents one of the more significant European platforms. According to CoinMarketCap, the exchange processes about $1 million worth of crypto assets in a given day; most popularly traded on the platform are Ethereum (CCC:ETH-USD), Bitcoin (CCC:BTC-USD), Litecoin (CCC:LTC-USD) and the native LCX token.
While the LCX crypto has been around since 2018, it became more interesting to investors in mid-September of last year. At that time, the LCX token saw a massive 900% growth spurt, blooming from 4 cents per token to 40 cents.
LCX Crypto Gets a Boost From Incoming Road Map Reveal
This week, the LCX crypto has been seeing lots of green. Indeed, the token is up over 12% this morning alone. And yet, investors have reason to believe there are more gains to come. Tomorrow, Jan. 27, marks an important day for LCX users — one that has potential as a price catalyst.
LCX developers are quite active with the community on social media. The platform frequently publishes educational pieces for its users to learn about things like impermanent loss, automated market makers and the like. And this week, it is taking to YouTube to host a live event detailing the platform’s road map goals for 2022.
The event, set for 12:00 p.m. Eastern, will establish the platform’s promises to investors, and a timeline for which it will execute these promises. Investors don’t know the details of this road map before the event, so many are holding out for grand plans that can help to boost the LCX crypto’s likelihood for more gains down the line.
On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.