Despite general market unease, Toncoin (TON) appears poised for a technical rally, following a +10% rebound from the 20-Day Moving Average (20DMA). For context, TON is integral to ‘The Open Network’ (TON), a decentralized application (dApp) and service ecosystem built on scalable sharding blockchain tech.
Consequently, TON’s current $1.34 price (a 24-hour change of +1.73%) raises a few eyebrows. Notably, this comes after a rather glacial -45% decline since March. However, strong support from the Toncoin community and a solid $1.20 price level helped boost TON’s confidence, resulting in a +12.2% surge since August 1st.
Additionally, TON’s recent performance allowed it to regain support from the 20DMA – thereby providing a reasonable foundation for further upside pushes. However, a heated RSI (a bearish divergence and over-bought signals at 51.5) may foretell future concerns. In contrast, the bullish MACD holds potential promising further advances with minor divergence.
With 20DMA-imposed strong support, TON could potentially aim for the $1.6 mark in the future, breaking almost three months of resistance. However, a tumble may potentially be caught at a local support level of $1.17. The risk-reward ratio currently stands at 1.43, a potentially lucrative entry for capturing potential upside gains.
While TON holders celebrate the currency’s upside, many wonder how savvy traders are securing big profits in an ever-changing market. This brings us to an innovative solution: Launchpad XYZ (LPX), an ecosystem offering user-friendly tools to simplify entry to Web 3.0.
LPX boasts intriguing features, such as utility token analysis, NFT discovery, a DEX, and a Web3 wallet. At the heart of the ecosystem sits the $LPX token, with various perks for investors staking a minimum of 10,000 tokens. These benefits include fee discounts, early access to NFT whitelistings, beta game launches, and exclusive stature in the community.
Launchpad XYZ plans to list on major crypto exchanges, predicting a surge in $LPX token demand, expecting substantial user adoption following the primary feature roll-out by Q3 2023.
With a maximum token supply of 1 billion, $LPX forecasts a full market cap of $70 million as it prepares for a launch on crypto exchanges. This indicates a platform worth watching in the dynamic crypto industry.
Given the comprehensive and ambitious vision, Launchpad XYZ sets the pace in redefining the crypto space. As an inclusive facilitator of the Web3 ecosystem, the $LPX token primes itself as a potential investor opportunity.
Whether a crypto newcomer or a seasoned investor, overlooking Launchpad XYZ would arguably be ill-advised, especially given future developments such as interest in fractionalized asset trading, game creation tools, and immersive experiences. As such, seize the beautiful opportunity to invest in this promising project.
Please note that like any cryptocurrency, digital assets bear a high level of risk and the possibility of losing all of your capital is real. Always seek professional advice before any investment.
Source: Cryptonews
