Hi! Can someone please explain to me why LYKKE is special?
What are some other coins that are similar?
And what do you expect the price to be by the end of 2017?
It looks like LYKKE did very well when all the other coins. I guess it's because LYKKE.inc is buying back the LYKKE that is put on sale creating or a more stable coin. Am I wrong on this one?
Until limit orders are possible all buy-orders are from Lykke - so yes, Lykke buys back whenever somebody sells. But the price would go down. I believe the stable increasing price has to do with several aspects:
- More money flows into the whole Blockchain-space
- Besides the option to buy LKK, the platform itself is an attractive use-case. Especially during the Bitcoin-hype the number of users is increasing.
- The community has a lot of trust into the team behind
- Lykke has a lot of potential and that becomes more and more obvious
- LKK1Y: the decreasing supply on the market, because more and more LKK1Y-Investors settle their LKK1Y's while an increasing number of ppl is interested in investing, leads to a higher price. And whenever the LKK1Y-price comes near to the price of LKK, people tend to buy LKK - with other words: LKK1Y has a stabilizing effect.