SUI Chart / Source: TradingViewEven though it wasn’t directly named by the US Securities and Exchange Commission (SEC) as a security in last week’s Coinbase and Binance lawsuits, the Sui (SUI) price got absolutely slammed.
SUI broke to the south of a short-term downtrend and from its high on Monday around $0.96 per token to its low on Saturday just above $0.51 per token, nearly lost half of its value.
Traders have been flocking out of altcoins and into safer crypto bets like stablecoins or bitcoin in wake of the SEC’s latest lawsuit, which pretty much made clear the agency’s viewpoint that all cryptocurrencies aside from bitcoin are securities.
Traders seem to have taken the view that SUI, the token that powers the recently launched Sui layer-1 blockchain protocol that bills itself as revolutionary for the digital asset space, is also at risk of a future security classification.
But SUI has nonetheless been able to bounce an impressive 34 from its recent low, helping in part by a new governance proposal to introduce liquid staking.
SUI was last changing hands around $0.69 per token and investors are now unsurprisingly asking whether they missed out on buying the dip.
“Is it too late to buy Sui?” they may be questioning themselves.
Well, given the current elevated uncertainty in the market and still very bearish make-up of the SUI chart, more downside can probably be expected.
That implies that traders/investors hoping to scale into SUI might do well in waiting a little, rather than rushing in now out of fear that they are “too late”.
That being said, crypto markets are very unpredictable and if this week’s Fed meeting sparks a broader market revival, SUI could easily pop back towards $1.0.
This New Penny Crypto Could Soon Hit $1 Million
Investors looking for a better shot at near-term gains might want to consider getting a hold of some of viral new all-in-one web3 platform Launchpad XYZ’s native $LPX token, which many industry experts are bullish on.
Indeed, analysts at Cryptonews.com rank Launchpad XYZ’s presale as one of the hottest of 2023.
Launchpad XYZ is building a revolutionary, all-encompassing web3 platform that, according to the project’s Whitepaper, aims to make the highly “fractured and intimidating” web3 space more easily accessible.
And AI is going to be a big part of their platform.
“We‘re making Web3 simple for anyone - even Grandma can use it! Find what you need with our #AI search and filter what has the most potential with our LQ score,” Launchpad XYZ said on Twitter.
Launchpad XYZ has also teased that it could be launching its very own chatbot to assist platform users with trading called Launchpad Apollo.
Launchpad XYZ is currently conducting an already hugely popular presale of its native $LPX token.
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.
The current $LPX price is $0.0445, but 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.
Over a subsequent nine presale stages, the $LPX price will be gradually lifted to $0.0565, which is the price the token will list at on the Launchpad XYZ decentralized exchange in the third quarter of 2023.
That means that investors who get in now can be sat on paper gains of around 27 by the time the token ICOs later this year.
Major crypto news and analysis websites like Cryptonews.com, Business 2 Community and Techopedia all rank Launchpad XYZ amongst their top crypto presales of the year.
What is Launchpad XYZ?
Launchpad XYZ is the only platform crypto investors will need to actually purchase digital assets.
The platform will feature a market-leading trading terminal, with all trades to be conducted via Launchpad XYZ’s very own, in-house decentralized cryptocurrency exchange (DEX).
“We’ll focus on attracting market-leading liquidity providers to ensure your trades complete fully on the Launchpad XYZ DEX”.
The platform will also offer a peer-to-peer (P2P) non-fungible token (NFT) exchange.
While Launchpad XYZ features all the tools a trader could need to trade and navigate the DeFi world, the scope of its platform goes well beyond purely catering 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 will also be able to take immediate self-custody of their crypto assets via Launchpad XYZ’s very 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”.
Launchpad XYZ to Help Investors Find Next 100x Assets
Observers are bullish on 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 remotely close its aim to onboard the next 10 million users to web3, 100x gains for its native $LPX token are well 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 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 has you covered for 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.
