SUI price bounces 34% from recent bottom. New penny crypto could reach $1 million soon. What does it do? Is it too late to buy SUI?
The article discusses the recent crash in the Sui (SUI) token’s value following the SEC’s lawsuit against Coinbase and Binance. Although the SEC did not directly name SUI as a security, traders have been moving out of altcoins and into safer crypto bets like stablecoins or bitcoin. SUI has lost almost half its value from its high on Monday of approximately $0.96 per token to its low on Saturday of just above $0.51 per token. However, SUI has been able to bounce back 34% from its recent low, helped in part by a new governance proposal to introduce liquid staking. Investors are now questioning whether it is too late to buy SUI, but given the current elevated uncertainty in the market and still very bearish make-up of the SUI chart, more downside can probably be expected.
The article also talks about Launchpad XYZ’s native $LPX token, which many industry experts are bullish on. Launchpad XYZ is building an all-encompassing web3 platform that aims to make the highly “fractured and intimidating” web3 space more easily accessible. The web3 start-up’s presale of its native $LPX crypto token is in its second stage and has nearly raised a whopping $1 million, despite only launching a few weeks ago. Investors should move quickly to secure their tokens ahead of the next 3.3% price rise to $0.046 when the presale hits $1.55 million and enters its third stage. The $LPX price will be gradually lifted to $0.0565 over a subsequent nine presale stages, which is the price the token will list at on the Launchpad XYZ decentralized exchange in the third quarter of 2023. Investors who get in now can potentially have paper gains of around 27% by the time the token ICOs later this year.
The platform will offer a leading trading terminal, with all trades conducted via Launchpad XYZ’s own decentralized cryptocurrency exchange (DEX).
“We will focus on attracting top liquidity providers to ensure that your trades complete fully on the Launchpad XYZ DEX”.
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The platform will also have a peer-to-peer (P2P) non-fungible token (NFT) exchange.
While Launchpad XYZ provides all the tools a trader needs to navigate the DeFi world, the scope of its platform goes beyond catering solely to crypto investors.
The all-in-one platform aims to build a “humanized, curated portal that provides easy access to the best projects in the blockchain space, with the ability to self-custody any asset you own”.
“From NFTs to play-to-earn games, Launchpad XYZ will provide an unbiased window into the latest and greatest experiences Web3 has to offer”.
Users can also take immediate self-custody of their crypto assets via Launchpad XYZ’s own web3 wallet.
Ultimately, Launchpad XYZ wants to facilitate crypto mass adoption by acting as a bridge between Web2 and Web3 for brands, “enabling them to access the power of immutable contracts and validated data, whilst wrapping them in market-leading experiences”.
This way, the project aims to “help brands to onboard the next 10 million Web3 users by providing them with tools, knowledge, and audiences in line with the current infrastructure”.
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Launchpad XYZ to Help Investors Find Next 100x Assets
Observers are optimistic about Launchpad XYZ’s prospects to really catch traction in the coming years as demand rises for an all-in-one solution to make web3 easy.
If Launchpad XYZ comes even close to onboarding the next 10 million users to web3, 100x gains for its native $LPX token are within reach.
Launchpad XYZ is currently selling $LPX in one of 2023’s hottest presales to raise funds for the development of its game-changing platform.
And while $LPX has a good chance of seeing 100x gains in the coming years, that could just be the start for the platform’s users.
That’s because Launchpad XYZ claims its platform will offer all the tools and trading intel required for traders and investors to find the next 100x Web3 asset.
According to the project’s website, Launchpad XYZ will feature a market information hub called Trading Edge, which will help investors and traders “make an informed decision… with sentiment, news and market insights, as well as top trade setups from experienced traders”.
Launchpad XYZ also has a newsletter aimed at providing “market-leading alpha” for more experienced traders and investors (also called Trading Edge), which can be signed up for via the project’s website.
Launchpad XYZ also provides education.
The project pledges it will provide “all the training required to be a successful trader and empowering Web3 users of any experience level to maximize their profit potential”.
Launchpad XYZ’s “Alpha” section of the platform will “help you learn what really has an impact on your ability to generate yield from Web3”, the platform says on its website.
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