The SEC’s hawkish regulatory action against Binance and Coinbase has sapped any investor enthusiasm in the crypto market. However, despite the majority of the coins turning red, the Terra Classic token is showing extremely bullish price growth. It’s grown more than most other coins in the last 24 hours, and is up over 15% in the last seven days.
Another surging token is Launchpad XYZ ($LPX), a project that’s building an advanced Web3 trading and investment platform. The $LPX token presale has been steadily gaining despite the bear market and is set to breach the $1 million mark imminently, making it one to watch in the coming weeks.
Terra Classic Outperforms Crypto Market, Has Bullish Momentum for June
Terra Classic, once thought to be a dead cryptocurrency after the May 2021 crash, has shown a remarkable resurgence in this crypto bear market. While major cryptocurrencies are seeing a market-wide decline, the LUNC token continues to display bullish strength.
The Terra Classic price has climbed 4% over the last 24 hours after the community unanimously passed the landmark V2.1.0 Parity Upgrade proposal. This upgrade is scheduled to go live on the 14th of June, which can result in another price surge.
The V2.1.0 proposal is considered a crucial step in restoring investor confidence in the token’s future growth prospects. It will bring the Terra Classic blockchain to parity with other chains such as Terra 2.0 and is expected to boost developer activity. A whopping 99.99% of votes in favour of the proposal highlights the enthusiasm of the Terra Classic community.
The magnitude of the Parity Upgrade proposal cannot be understated. It helped LUNC tackle the strong bearish sentiments created by the SEC suing Binance and Coinbase. While both Bitcoin and Ethereum are down 2.5% over the last week, Terra Classic has skyrocketed over 15% in the same period. The token has surged 35% over the last month which can be an optimistic sign of the things to come.
Terra Classic’s technical analysis gives it bullish momentum for June. TradingView, a technical analysis platform, gives a Buy signal to the token in the daily time frame. With the token currently trading at $0.000098, LUNC supporters are hoping that the token breaches the Hull Moving Average at $0.000099.
Nevertheless, smart money investors are still cautious regarding the token’s long-term prospects. TradingView’s token signal deteriorates to Sell when considering the weekly time frame. LUNC is severely underperforming 8 out of the 10 most moving average indicators.
It appears that Terra Classic enthusiasts would have to wait for a lot more sustainable growth before seeing any whale activities.
However, one token whales are backing is the new presale project Launchpad XYZ.
Launchpad XYZ Aims to Become The Home of Web3, Token Presale Set To Hit $1 Million Imminently
In this crypto bear market where a token’s utility is everything, Launchpad XYZ ($LPX) has become one of the most attractive buys. The token has already raised over $934K in a short span of a few weeks and is set to join the 1 million club within the next few days.
Investors are quickly realising that Launchpad’s all-in-one crypto gateway may be one of the best platforms out there for both natives and newbies. Launchpad’s “Everything in one place” model is designed for new users to tackle the complexities of the crypto market, making it a welcome addition at this time of extreme volatility.
The platform is offering a wide range of tools to make sure that even new users can successfully trade the volatile crypto market. Worried about finding the next Pepe before it explodes? Launchpad’s LPQ indicator will rank all exciting tokens for you in accordance with their risk-reward potential. You can even get to know the trading setup of expert traders using the Trading Edge platform.
Launchpad XYZ is also the perfect platform for all NFT, Metaverse and gaming enthusiasts. Its NFT marketplace will help you browse through and purchase the latest high-quality non-fungible collections. Meanwhile, users can unlock a plethora of investment opportunities through the Metaverse Experience Library. To support this wide range of services, Launchpad has designed its own user-friendly Web3 wallet.
Even the most experienced traders can find ample opportunities to outperform their competition. Using the sophisticated Terminal trading engine, pro traders can execute complex trades at a blazing-fast speed. They can also utilize Launchpad’s own decentralised exchange to work with market-leading liquidity providers and complete their trades without leaving the platform.
As the $LPX token continues to sell out, investors have limited opportunity to take advantage of the early presale prices. They can purchase the tokens through either bank cards or by swapping ETH, BNB or USDT tokens.
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content.