Taraxa (TARA) Price Prediction: Is a 20x Return on Investment Possible by 2024?

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Taraxa, a cryptocurrency, holds the potential to replicate the exponential growth Kaspa witnessed in the past months.

Kaspa recently underwent a remarkable surge, reaching an all-time high of $0.052. This raises the question: Can Taraxa achieve a similar surge in 2024?

Taraxa price prediction

Taraxa’s current low trading volume raises concerns among its holders. The live Taraxa price is $0.0049, with a 24-hour trading volume of $661,419. Taraxa has experienced a 1.15% price increase in the past 24 hours and a 8.40% increase over the past 7 days.

The market capitalization for Taraxa currently stands at $17 million, and it possesses a circulating supply of 3.5 billion tokens. To reach $1 per token, the market cap would need to reach $3.5 billion something very achievable considering the potential of this cryptocurrency.

Taraxa is presently undergoing a distribution phase following a rapid surge, a pattern commonly observed in the cryptocurrency market involving stages of surge, correction, and distribution. Monitoring essential support and resistance levels, particularly the critical point at 0.006, is crucial.

Breaking this level could signal a decrease in Taraxa’s value. According to Taraxa price analysis, experts predict an estimated 8% decline in price, reaching $0.004 by October 5, 2023. Looking ahead to 2024, the expected yearly low for Taraxa is estimated at $0.004, with the price predicted to reach as high as $0.011.

Analysis of the Relative Strength Index (RSI) indicates that Taraxa might be nearing an oversold region. Historically, oversold conditions have often preceded significant price surges. The potential for growth in Taraxa is further supported by varying time frames, such as the weekly and monthly charts, indicating a promising trajectory.

Considering today’s classical pivot point (P1) at $0.004962, Taraxa has support levels at $0.004789, $0.004589, and the strongest support at $0.004416. Similarly, resistance levels for Taraxa are at $0.005162, $0.005335, and $0.005535.

While achieving a high return on investment may appear ambitious, it is indeed feasible for Taraxa given the reachable market cap. With careful analysis and risk assessment, Taraxa holds the potential for significant growth, potentially achieving a 20x return on investment by 2024.

Alternative coins to watch with the potential for high returns on investment

Launchpad XYZ

Another promising cryptocurrency project to keep an eye on is Launchpad XYZ. It’s a recently launched presale initiative on the Ethereum blockchain aiming to serve as a central hub for all things related to Web3. The Web3 ecosystem has been disjointed and unorganized until now, but Launchpad intends to change that.

The platform of Launchpad XYZ will offer a range of tools and services to simplify the crypto and NFT investment process. For instance, users can trade on the inbuilt decentralized exchange (DEX), purchase fractionalized pieces of assets, and securely store their digital assets in the Launchpad XYZ Web3 wallet.

Additionally, the project provides access to an alpha Telegram signals group, which recently saw an impressive 7,000% return on a LINQ call. Alongside these features, Launchpad XYZ will introduce a metaverse experience library, a Play-to-Earn (P2E) game hub, and a first-of-its-kind NFT DEX.

With all these features consolidated in one platform, users won’t need to go elsewhere to maximize their Web3-related activities. At the core of the Launchpad XYZ ecosystem lies $LPX, the project’s native utility token. Check out our guide on how to buy $LPX token here.

As outlined in the Launchpad XYZ whitepaper, $LPX will play a crucial role in various essential tasks, like covering exchange fees and listing assets on Launchpad XYZ marketplaces. $LPX holders can stake their tokens to gain exclusive benefits, including guaranteed access to NFT whitelists and beta P2E game invites.

It’s crucial to understand that Launchpad XYZ is in its early stages, so investors should recognize that purchasing tokens involves some risk. This is due to presale cryptos requiring funding to realize their objectives, making them often more volatile compared to other crypto assets.

However, the potential upside is that early investors can position themselves for substantial gains if everything unfolds as planned. Currently, investors can participate in the Launchpad XYZ token presale, priced at $0.0445, with more than $1.78 million raised so far.

To take part in the presale, visit launchpad.xyz.

yPredict

yPredict is a cryptocurrency system designed to assist traders in making more informed decisions. The platform offers crypto analytics and research, enabling users to subscribe and gain in-depth insights into the cryptocurrency space. To learn more about how to buy $YPRED token, you can refer to our guide here.

Subscriptions can be purchased using $YPRED, the native token of this system. Additionally, users have access to a prediction marketplace where financial experts create models for future predictions. These models are community-verified through the decentralized autonomous organization (DAO) and then made public.

yPredict provides users with sentiment analysis, technical and fundamental insights on different cryptocurrencies. The platform also incorporates AI tools, offering over 25 chart pattern recognition tools. Holding $YPRED comes with various benefits within the yPredict system.

Initially, 10% of all new subscriptions are shared among existing token holders. Furthermore, 15% of swap fees go to $YPRED token holders. Users can stake $YPRED to potentially earn a high Annual Percentage Yield (APY) within the system. Explore our guide highlighting the the best AI crypto coins to invest in.

The platform encourages learning through its “Learn 2 Earn” feature, rewarding traders with tokens for studying new materials and completing online quizzes and assessments. In the future, yPredict plans to introduce a Play-to-Earn (P2E) feature, allowing users to place bets on market trends.

https://twitter.com/yPredict_ai/status/1707729250151977142?s=20

The best performers in this feature stand a chance to win $YPRED. The project is also developing an AI-powered content editing tool. Currently, in Stage 7 of its fundraising, yPredict is close to reaching its goal, with only approximately $500,000 left to raise before the token price increases from $0.10 to $0.11.

The total token supply is 100 million, with 80 million allocated to the presale. To take part in the presale, visit ypredict.ai.