The remarkable surge of Bitcoin Cash (BCH) continues, with its price velocity outperforming every other top 100 cryptocurrency according to CoinGecko over the past seven days. The ongoing rally follows the inclusion of BCH on the new EDX Markets, a cryptocurrency exchange guided by globally recognized financial entities like Citadel, Fidelity, and Sequoia Capital. Bitcoin Cash, born from a hard 2017 fork from the original Bitcoin blockchain, was created to tackle Bitcoin’s issues, notably scalability and transaction speed.
While the current rally of BCH is compelling, the dilemma of whether it is too late for market participants to make an entry resurfaces. Albeit BCH showcasing a bullish upward trend, it is pertinent to recall that as of last May, Bitcoin Cash had achieved $1,600, which is approximately a 6x elevation against current prices. There is also the overshadowing record set in 2017, where BCH spiked as high as $4,300. The slower adoption indicators against Bitcoin establish a certain degree of skepticism regarding a return to these heights. However, larger scope reveals that in the event of an encompassing crypto bull market take-off, BCH positioning is still advantageous, and it can generate prolific returns.
Simultaneously, another alternative gathers attention – the promising Launchpad XYZ’s native $LPX token, which has been regarded as one of the potential best-value cryptos in the current landscape by experts at Cryptonews.com. Launchpad XYZ aims to streamline the complex world of web3 by providing a comprehensive platform featuring an advanced trading terminal, decentralized cryptocurrency exchange (DEX), a P2P non-fungible token exchange as well as a presale analysis dashboard. But the ambition far exceeds just crypto traders, as it intends to curate an accessible gateway to the highest-regarded blockchain projects, from NFTs to play-to-earn games, while facilitating self-custody of digital assets.
Currently conducting a successful presale of its native $LPX token, Launchpad XYZ has already surpassed the $1 million milestone in its second stage. The presale token, listed at $0.0445 currently, is expected to hike up to $0.046, inspecting approximately a 3.3% increase when the cryptocurrency hits $1.55 million entering its third stage. By observing the presale stages, it can be inferred that investors getting on board early might potentially face nearly a 27% increase with $LPX set to be listed at $0.0565 when it appears on Launchpad XYZ’s DEX in Q3, 2023.
Source: Cryptonews
