Life Clips (OTCMKTS:LCLP) Stock Resumes Another Round of Rally: Here is Why

Shares of Life Clips (OTCMKTS:LCLP) closed sharply higher in the previous session after the recent consolidation.

Trading Data

On Friday, LCLP stock jumped 42.76% to $0.0217 with more than 88.82 million shares traded, compared to its average volume of 26.26 million shares. The stock has moved within a range of $0.0152 – 0.0233 after opening trading at $0.0170.

Life Clips Subsidiary Belfrics Lists Belrium On VinDAX Exchange

Parent company of Belfrics Global and Cognitive Apps Software Solutions, Life Clips (OTCMKTS:LCLP) on January 14, 2022, announced that BelfricsBelrium has launched on VinDAX Exchange, which would be paired with USDT.

The exchange is a crypto asset exchange, which is placed in Vietnam, which has been live and available to users globally for cryptocurrency trading since March 2019. Focusing on giving exchange services for digital cryptocurrency transactions having good security level, brilliant efficiency, and significant trading fees.

The exchange serves over 1.5 million users from across regions and countries but isn’t available from Canada and US. VinDAX mobile crypto trading app is also available on Android and IOS (Apple), as well as MacOS and Windows devices.

Nomics estimates that volumes on the exchange over the last 2 years are the US $66.69 million. The exchange has 180 markets, with popular markets being BTC/USDT, GCZ/BTC, and XRP/USDT.

Listing on the exchange will increase the adoption of BelfricsBelrium in the Asian market, augmenting brand recognition in the region. The exchange has a significant daily trading volume which should facilitate continued investment and interest in BelfricsBelrium. A higher volume of trades from the listing will contribute to price floor stability and stable growth in the long term.

Belfrics Global is a Malaysia-based blockchain provider as well as a cryptocurrency exchange.

Technical Data

LCLP stock is above the 20-Day and 50-Day Moving averages of $0.0172 and $0.0197 respectively. However, the stock is trading above the 200-Day moving average of $0.0185.