CVX and LKM go wild: where to buy after they rise 100% and 60%

CVX and LKM go wild: where to buy after they rise 100% and 60%
фото показано с : invezz.com

2021-6-2 18:33

In the last 24 hours, both Convex Finance (CVX) and Lokum Finance (LKM) have shot up in value. Since these are two of the hottest assets right now, we thought it would be helpful to list the best places to buy Convex Finance coin and Lokum Finance coin so you can get involved should you choose to.

Simply scroll down to get started.

How & where to buy CVX and LKM ‘stock’ today

Before we go any further, let’s extinguish a common misconception. Both CVX and LKM are cryptocurrencies, not stocks, so make sure you understand this distinction.

Both CVX and LKM are relatively new cryptos, so many investors will purchase them via a decentralised crypto exchange (DEX). However, if you are asking us where to buy CVX and LKM crypto, our answer is one of the following two platforms:

1.) eToro

A great way to get involved in crypto investing is eToro. As one of the world’s most popular brokers, its track record of reliability inspires a real sense of confidence.

Register here >

2.) Capital

Capital.com is a rapidly growing trading platform and it isn’t difficult to see why. With no hidden fees, competitive spreads, and an impressive 0% commission, it is becoming more popular by the day.

Register here >

If you would prefer to find a different platform to the two above, simply view our top ten crypto brokers to compare the leading platforms.

What is CVX?

In essence, Convex Finance is a platform that allows users to stake their Curve DAO (CRV) tokens for a boosted rate with maximised yields. The entire ecosystem is built on top of the Curve Finance network.

Those who provide liquidity in the form of CRV tokens can earn Curve trading fees, boosted CRV and CVX tokens. This means that those who stake CRV can earn additional CRV on top of CVX tokens and Curve trading fees, while those who stake their CVX rewards back into the platform can earn platform fees.

It appears to be a thriving system that is benefiting from the growth of the Curve Finance service.

What is LKM?

Launched in April of this year, Lokum Finance is an automated market maker (AMM). In short, this is a form of decentralised finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.

Unlike CVX, LKM is not directly tied to a larger project, though it does run on the Binance Smart Chain and allows users to swap BEP20 tokens.

Should I buy Convex Finance or Lokum Finance tokens?

That depends on what you are looking for from your investment. Both CVX and LKM are good choices for long-term holders because of the staking rewards they offer. However, CVX is tied to the more reputable project in Curve Finance.

Lokum Finance remains an inexpensive token, whereas Convex Finance is now up above $16, making choosing between the two also a matter of your budget.

If you want to get involved with liquidity provision, both CVX and LKM are good candidates. Moreover, if you just buy into the fundamentals on either project, holding to speculate on future price movements could also be a smart move.

CVX and LKM price prediction

It is difficult to provide a price target for both CVX and LKM right now. They are both new projects, and while it is possible to create a prediction, we want to see both projects in action for a little longer before putting a number on things.

Social media coverage of both CVX and LKM

.@ConvexFinance is one the most exciting DeFi projects of 2021.

2 weeks after launch, Convex has:
– $969m TVL
– $2.2m revenue
– emerged as a potential Yearn killer

Learn more about $CVX and why it's potentially undervalued 👇

1/

— david.eth (@david_dot_eth) June 1, 2021

All defi summer 2.0 needed was a spark

The game has changed, anon

What if $cvx $crv

— Ξl Robit 🦇🔊 (@_dollabot) June 2, 2021

Top 10 Trending Search Coins on Coingecko
👉 https://t.co/PnVgrHM6Cu$MINA $CVX $MATIC $SHIB #SAFEMOON $DOGE $BNB $CRV $CAKE $ETH pic.twitter.com/IQgzvsspRh

— Ben GCrypto (@GCryptoBen) June 2, 2021

$LKM or $NWC seem interesting, Heard them about getting listed on a huge exchange!

— balemy. (@kyuudel) June 2, 2021

The new https://t.co/e1Z02Mco1z vaults are now supported on https://t.co/D1ERFoufXH! @FinanceLokum $SLKM $LKM $BNB #BSC #DeFi #YieldFarming pic.twitter.com/gwI4u3rJEu

— 0xTracker (@0x_tracker) May 31, 2021

🍅🍅❤️❤️Sultan loves KETCHUP like everybody❤️❤️🍅🍅

Glad to announce a new partnership with Lokum Finance.
We will add SLKM pool to earn KETCHUP and they will add KETCHUP pool to earn SLKM.

I hope the best for both and also hope we will grow together. pic.twitter.com/9WxFzfH0S7

— Ketchup Swap (@KetchupSwap) May 30, 2021

For all the latest on LKM, sLKM, and CVX, read our crypto news coverage.

The post CVX and LKM go wild: where to buy after they rise 100% and 60% appeared first on Invezz.

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