Shares of Life Clips (OTCMKTS:LCLP) closed sharply higher in the previous session after the recent consolidation.
On Friday, LCLP stock jumped 42.76% to $0.0217 with more than 88.82 million shares traded, compared to its average volume of 26.24 shares. The stock moved in a range from $0.0152 to $0.0233 after opening trading at $0.0170.
Belfrics, subsidiary of Life Clips, lists Belrium on VinDAX Exchange
Belfrics Global and Cognitive Apps Software Solutions parent company, Life Clips (OTCMKTS: LCLP) announced on January 14, 2022 that BelfricsBelrium had launched on VinDAX Exchange, which would be paired with USDT.
The exchange is a crypto asset exchange, which is placed in Vietnam, which is live and available to users worldwide for cryptocurrency trading since March 2019. Focus on providing exchange services for digital cryptocurrency transactions having a good level of security, brilliant efficiency and large trading fees.
The exchange serves over 1.5 million users from all regions and countries, but is not available in Canada and the United States. The VinDAX mobile crypto trading app is also available on Android and IOS (Apple), as well as MacOS and Windows devices.
Nomics estimates trading volumes over the past 2 years to be 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, thereby increasing brand recognition in the region. The exchange has a large daily trading volume which should facilitate continued investment and interest in BelfricsBelrium. A higher trading volume from listing will contribute to stable price floors and stable long-term growth.
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.