The digital asset Eos (EOS) has seen an impressive +5% uptick, coming hot on the heels of the recent announcement regarding its white-listed status in Japan. The approval for trading by Japan’s Virtual and Crypto Asset Exchange Association (JVCEA) bit a spark into the EOS trading environment, setting markets alight for a mid-September launch. BitTrade, sanctioned by regulators, will helm the launch of EOS trading, stirring much speculation and excitement in Japanese markets.
EOS has found itself in the grip of a tightening consolidation for a fortnight, but the current market price registers at $0.61, reflecting a 24-hour change of -1.91%. The price had become somewhat flat after holding over $0.575 for 13 consecutive days, post recording a new nadir for EOS at $0.51 on August 9.
The good news is, EOS managed to reclaim support from the 20DMA, assuaging anxious bag-holders and facilitating crucial advancements for technical structure. This accomplishment bears weight, considering the 20DMA had been a checkpoint holding back upside price action for nearly 38 days since late July. However, not all the parameters are rosy. Despite some gains, EOS’s RSI is hovering, keeping a neutral temperature, with a bullish oversold signal at 42.44. Analysts suggest this signals room for a higher climb with the intent to switch $0.65 into a supportive boundary.
With moves brewing in Japan’s EOS trading scene, timing seems opportune for traders to settle mid-time frame strategic positions. However, EOS bag-holders are strapped in for a two-week wait, while switched on investors have started hunting for the next big moon-shot opportunity via cutting-edge AI insights platforms.
The spotlight has been stolen by Launchpad XYZ (LPX), a path-breaking ecosystem poised to ease entry into Web 3.0 with user-intuitive tools, insights and analytics. On offer is a platter of diverse features like NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis. The LPX Token is integral to its scheme, hinting at substantial benefits for holders who stake a minimum of 10,000 tokens, including fee waivers, exclusive access to NFT mint whitelists, presales and beta play-to-earn game launches.
The platform’s intent to have LPX listed on major cryptocurrency exchanges is anticipated to ramp up demand for the token. With its 1 billion maximum token supply, LPX’s full market cap comes in at $70 million, thereby marking it as one to watch in the evolving crypto market. Its extensive feature list and ambitious outlook enable it to break barriers and redefine the crypto arena.
Whether you’re a greenhorn or a veteran in the crypto world, the LPX token and Launchpad XYZ ecosystem should be commanding your attention. Stay in the loop for its future rollouts which include a marketplace for fractionalized assets, a Trading Edge Game, and brand creation tools. Don’t miss out on this promising opportunity, as it carries potential significant growth.
Source: Cryptonews
