The explosion of Hedera Hashgraph (HBAR) following the FedNow integration announcement via the Dropp dApp has left many spectators breathless. Rocketing upwards by over 20%, some are asking if it’s too late to invest in Hedera.
Having recently announced substantial partnerships with magnates like Kia, Hyundai, and Microsoft, Hedera has shown noticeable project growth. But the integration with FedNow, marking a formal connection with the Federal Reserve, is exceptional news.
The recent huge announcement left Hedera’s trading values soaring high at a current price of $0.0725, reflecting a 24-hour change of +10.70%. This couldn’t have been timed any better given Hedera’s technical structure, causing an extraordinary 20% market surge on August 14th.
Certainly, the positive metrics are there: a strong stance from the 20DMA perfectly engineered for launching as HBAR critically re-tests the 200DMA. Meanwhile, local support level at $0.06 fuels the massive price move which has grown to a whopping +32.14%.
However, there’s a flip side to the coin. Over-reliance on indicators like the RSI, which is swung into the overbought territory at 76.24, could become a source of unease for traders. Despite the explosive price action, the MACD sticks to a moderate bullish divergence at 0.0013.
Investors seeking ahead of future seismic price shifts like the +32% FedNow move, have their eyes on the emerging project: Launchpad XYZ (LPX).
Innovative and accessible, Launchpad XYZ is aimed at demystifying Web 3.0 with easy-to-use tools and insights. Along with other features such as NFT discovery and utility token analysis, the main attraction is the $LPX token. By staking a minimum of 10,000 tokens, holders can enjoy exclusive perks, including noteworthy fee discounts and early access to NFT mint whitelists and presales.
With primary features to be introduced by Q3 2023, substantial user adoption is anticipated. Coupled with plans to list the LPX on major cryptocurrency exchanges, this could result in substantial demand for the token.
If the plans materialize, $LPX with its maximum supply of 1 billion could land on crypto exchanges later this year with a fully diluted market cap of $70 million.
Aptly defining inclusive Web3 ecosystem, the $LPX token presents a potentially rewarding opportunity. Ensuring you don’t miss out could dictate whether you’re left watching the next big wave or riding it. Whether you’re stepping into the crypto arena or already into trading, Launchpad XYZ is a platform to keep a keen eye on in 2023. On the cusp of breaking barriers, this project is poised to redefine the crypto landscape.
Source: Cryptonews
