LCX reaching a price of $10 or even $100 seems very unlikely, though the former option is not as outrageous. With over 770 million tokens in circulation, its market cap would exceed $7.7 billion if LCX reaches $10 and $77 billion if it reaches $100. As it stands, both predictions seem unlikely, but the former is more plausible.
In this article, we’ll explore why reaching $100 or even $10 is unlikely for LCX, and we’ll compare it to popular exchange tokens like BNB and CRO to illustrate this. We’ll also dive into our short-term price prediction algorithm to see what LCX’s growth could potentially look like in the year 2025.
Key highlights:
LCX is the native token of the LCX exchange, which reduces fees and provides other benefits to holders. Even so, LCX reaching $100 seems unlikely, though $10 is not entirely out of the question.
At the prices of $10 and $100 per coin, LCX would reach market caps of $7.7 billion and $77 billion, respectively.
While reaching $100 is a tall order for the token, a price goal of $10 could be achieved in the future via additional benefits for LCX token holders on the exchange, as well as other benefits and innovations
LCX reached its all-time high in early November 2021, reaching a price of $0.58 and a market capitalization of nearly $343 million. Some hope that the token could reach the heights of CRO or even BNB, but is LCX capable of such growth?
In this article, we’ll compare the market cap of the LCX token to industry leaders like BNB and CRO to better understand what LCX at $10 or $100 would mean.
Will LCX reach $100?
LCX reaching a price point of $100 is unlikely. Our LCX price prediction forecasts a somewhat moderate growth of 21.3%, reaching nearly $0.14 by the end of 2025. While this is not a bad price increase, it’s far removed from the astronomical 89,285% increase needed for LCX to reach $100.
Since LCX provides benefits to holders trading on the LCX exchange, let's compare it to BNB, the token created by the most popular crypto exchange, Binance. With a market cap of nearly $93 billion, BNB is by far the largest exchange token available.
LCX price Projected market cap* $5 $3.85 billion $10 $7.7 billion $50 $38.5 billion $100 $77 billion
*Market cap calculations assume a supply of 770 million LCX
If LCX were to reach $100, its market cap would be $77 billion, potentially positioning it to rival Binance for the title of the top crypto exchange. This is not a likely outcome though, as LCX would take over 35 years to reach the $100 price point if we take into account our predicted 21.3% yearly growth.
As it stands, LCX reaching $100 seems difficult. Its price would need to increase by 893x, which is an outrageous amount, especially when considering that the token has already been in circulation for the past 5 years.
We’ve established that $100 seems very unlikely for LCX, but that doesn’t mean it can’t reach other goals. Let’s compare it to another popular exchange token, Cronos, to see how it stacks up and if it has any chance of surpassing it.
Can LCX reach $10?
$100 seemed like an unattainable goal for LCX, and while its chances of reaching $10 are higher, they are still slim. At $10 per token, its market cap would be around $7.7 billion, which is 1.65x more than CRO’s current market cap of $4.65 billion.
If we use the same predicted yearly growth as we did previously, LCX would take 21 years to eclipse CRO’s market cap, which also seems unlikely, much like the Binance example. Currently, the Crypto.com exchange also offers many more benefits to CRO holders when compared to LCX, further solidifying that LCX would have to expand its offerings in order to compete.
LCX’s future prospects
Even if the coveted price goals of $10 and $100 currently seem out of reach for LCX, there is potential for future growth. For example, the LCX exchange has positioned itself as one of the leading compliance-focused cryptocurrency exchanges by leveraging its strong regulatory framework.
What’s more, the LCX token enjoyed a huge price spike this year, due to the implementation of MiCA (Markets in Crypto-Assets Regulation)in June 2024. With their proactive approach to compliance, the exchange will likely attract more customers seeking a secure and regulated crypto exchange, which could propel LCX’s price. Not to mention, the launch of new products and the tokenization of real-world assets that LCX mentions in its roadmap could further grow its market share.
LCX pride prediction for 2024 & 2025
Our price prediction algorithm forecasts an overall bearish year for LCX when compared to the growth LCX enjoyed this year. It’s predicted to reach a peak of $0.26 and drop down to $0.14 by the end of 2025. This is an increase of 21.31% from the current price, which is decent, but as we’ve outlined before, this is not nearly enough for LCX to reach $100 or even $10 anytime soon.
The bottom line
We’ve established that while LCX reaching $100 seems out of the question, a gradual climb toward $10 remains an unlikely possibility. Continued innovation, strategic partnerships, and an expansion of its benefits to token holders could be the key drivers that push LCX closer to that milestone. However, without significant advancements and increased adoption, even reaching $10 will be a challenging feat for LCX.
To find out what the future holds for Cronos, see if the CRO coin will reach $100. To see how BNB will fare in the far future, see our BNB price prediction for 2040 & 2050.
