Stablecoin lending protocol Liquidity Token (LQTY-USD) has surged nearly 60% today.
This move follows the token’s listing in Binance’s Innovation Zone.
Investors appear to like the increased visibility this project will receive moving forward.
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Up nearly 60% over the past 24 hours, Liquity Token (LQTY-USD) is on investors’ radar today. Indeed, given this move, it’s no surprise to see interest around Liquity Token price predictions surging.
Today’s move in this lesser-known project appears to be related to the listing of LQTY in Binance’s Innovation Zone.
This listing is likely to improve the Ethereum-based protocol’s liquidity (pardon the pun) for investors. As the native token of stablecoin lender Liquidity, LQTY is used to facilitate stablecoin loans to investors. Thus, given the concerns around both the stablecoin market as well as the crypto lending space, the project has been hit hard of late.
Indeed, any sort of positive reinforcement for this token and its underlying purpose is likely to be positive for its token price. Today’s rise appears to reflect the market’s improving view on this project.
Let’s dive into where the experts think Liquidity Token could be headed from here.
Liquity Token Price Predictions
At the time of writing, LQTY currently trades at $1.94 per token.
Walletinvestor provides a rather bearish one-year price prediction of 15.8 cents for LQTY.
Additionally, Gov Capital suggests this token may not have any value at all a year from now.
That said, Digitalcoinprice is much more bullish. This site lists an average LQTY price target of $4.57 for 2024 and $9.97 for 2028.
On the date of publication, Chris MacDonald 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.
