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

By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as… read more.
on Jun 2, 2021
  • CVX and LKM are some of the best performing tokens today
  • Find out where to buy them
  • Which one is the better investment?

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

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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.

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2.) Capital 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.

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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

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

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