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LATOKEN (LA) Analysis

Market Cap

$48,537,139 USD

Volume (24h)

$34,678 USD

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4.5
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    LATOKEN Markets Rank: 2/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    LATOKEN Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    LATOKEN Market Cap Rank: 94/100

  • 24h Change

    Is the price moving up or down?

    LATOKEN 24h Change Rank: 53/100

  • Social Following

    How many users are following this coin?

    LATOKEN Social Following Rank: 97/100

  • Google Trends

    How many users are searching for the coin?

    LATOKEN Google Trends Rank: 20/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    LATOKEN Twitter Citation Rank: 83/100

  • User Voting

    How popular is this coin among Cointobuy community?

    LATOKEN User Voting Rank: 89/100

LATOKEN investment analysis

Your LATOKEN investment represents the utility token for the exchange of the same name. Investors who utilize this exchange can use it to trade a variety of assets. The platform has been growing in volume, giving investors a new avenue to exchange their tokens on using a safe and secure platform.

However, as far as investment in the actual token itself goes, things leave much to be desired. This asset seems to be purely a utility token, and it does not appear to offer any benefits to investors. It's actually not even required for trades, as Bitcoin and Ethereum are also listed as trading pairs.

This, unfortunately, leaves little reason to actually purchase this asset for use, and it leaves even less reasons for investors to actually hold on to it in hopes of solid growth. Before investing here, be absolutely sure that you know what this asset actually does.

LATOKEN investment price
$0.127694
LATOKEN expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

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LATOKEN Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

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LATOKEN Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

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by Safety
-
by Profit
historical data

How to buy LATOKEN?

Investors can buy LATOKEN on a handful of exchanges, but since this is a token issued by a cryptocurrency exchange, the platform for this asset is obviously the best place to purchase it. The trading volume is quite high here, and you should have no problem creating a trade that will execute quickly and easily. Ethereum is the highest volume trading pair, but there's also a ton of other trading options here as well since this is the main pair for the exchange.

This is an ERC20 asset, and if you want a place to safely store your tokens, then you'll need to either use the exchange itself, which is hardly recommended, or a safe Ethereum wallet that is privately owned. No matter which wallet you choose to use, be sure to create a backup somewhere safe in case you need to ever restore access to your funds on a new machine.

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Is it safe to invest in LA now?

The LATOKEN analysis tells us that this project is doing okay in many key areas, but it could be doing better in the search trends area. Never the less, they do seem to be quickly gaining a dedicated user base.

Unfortunately, that will not really help your investment that much as unlike other trading platforms like Cryptobridge and Binance, investors are not given a percentage of revenue or any perks for holding on to the tokens.

This cryptocurrency is used purely for the utility of trading and with there being other more suitable options such as ETH and BTC, there's little reason for traders to actually use this token. That's bad news for your investment because a flimsy use case is the surest way to be sitting on a pile of nothing once the hype dies down.

If you plan to invest in LA, then don't do so without thoroughly researching the project's use case. While it's not impossible, it does seem unlikely that this token will be useful for much of anything.

If you were planning to hold on to this asset in the hopes that it would reach Bitcoin level prices, then you'd best move on to your next big idea, because this is surely not it.

Buyer beware on this crypto, as it's unlikely that it will pull in any profits, especially when the max supply is finally reached. Though it was likely never intended to be a store of value like Bitcoin was anyway.

It is meant purely to facilitate trades, but it seems to be trying to fill a gap that was never there in the first place. Look to a competitor if you want to earn fees or dividends.

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