Next Cryptocurrency to Explode Thursday, 24 August - Launchpad XYZ (LPX), Immutable, Maker

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The market is up on Thursday by a stroke of fortune. The general market capitalization entered the green zone by 1.52%. However, the 24-hour trading volume dropped by 8.54%. The latest uptick will give traders and investors some respite and hope for more gains. Although it is a long way to full recovery, consolidating the new gain is the first goal.

Shares are also gaining in Europe and Asia after the results from Nvidia thrilled the market. The results boosted activities on Wall Street. At the same time, the slide in government yields also brought down the pressure on interest rates.

Stocks in Europe rose to a week high as they gained 0.8%. Chipmakers led the gain after Nvidia’s news. Tech stocks rose by 1.8%, and real estate gained by at least 2%.

Some surveys from the soft manufacturing sector on Wednesday brought back hopes that central banks may be getting to the end of the rate hike cycle. The feelings may change, however. It depends on what clues emanate from the Jackson Hole conference through the Fed Chairman, Jerome Powell.

Next Cryptocurrency to Explode

Since the broader economic enthusiasm spread to the crypto market, crypto investors want to hope it is sustained. Bitcoin also gained 0.05% of its market dominance back. Selling a little over $26,000, Bitcoin holders have quite a lot of work to do before it goes back to the $30,000 range.

1. Launchpad XYZ (LPX)

Launchpad XYZ has reimagined its website to unveil modifications to its presale strategy. It encourages platform adoption while distinguishing itself from the pump-and-dump trends in the crypto presale arena.

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Keep all your essentials in one spot and integrate your wallet seamlessly

Ready to upgrade? Secure your spot at https://t.co/6qHqqRBG7F
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— Launchpad.xyz (@launchpadlpx) August 23, 2023

Launchpad XYZ has introduced a 20% bonus to align with this vision for new participants and those who have already contributed to the presale. However, potential buyers must act swiftly, as the bonus percentage decreases by 1% every seven days. Additionally, Launchpad XYZ has introduced an innovative concept of NFT-based premium access passes, categorized into five tiers based on the number of tokens purchased.

The ongoing presale has impressively garnered over $1.38 million in funds at the time of this update. With the unveiling of the token bonus and VIP NFT passes, the pace of fundraising is poised to accelerate, making it important for prospective buyers to note.

Priced at $0.0445, the LPX token maintains a consistent value throughout the presale. Launchpad XYZ has initiated an alpha call group on Telegram, which remains free during the presale period, providing a sneak peek into its full-fledged offering. This group demonstrates the power of the platform’s 100 metrics and data points, aiding users in crafting setups and calls.

According to recent data shared by the team, the alpha group has already provided remarkable insights. Notably, it has presented 23 trade setups with over 100% gains, eight setups surpassing 1,000% returns, and the most successful call, delivering an astounding 7,000% return within a week.

Beyond alpha calls, the platform offers general trading advice, including strategies for closing positions and capitalizing on profit-taking opportunities. It also delivers up-to-the-minute market-moving news and actionable insights on trending cryptocurrencies.

VIP alpha group access will be granted via airdropped NFTs to incentivize platform adoption, necessitating token holders to retain these NFTs for continued access. This approach caters to various user types, encompassing basic and pro traders. Introducing tiered access also invites traders at different levels, allowing them to join the group according to their expertise and commitment. For instance, an “Elon” pass is available for pro traders contributing $25,000, while the “Shiba” NFT pass, suitable for newcomers, can be obtained by contributing $200 during the presale.

Visit Launchpad XYZ.

2. Render (RNDR)

Render Token (RNDR) is a decentralized GPU rendering network on the Ethereum blockchain. It has a primary objective of facilitating collaboration between artists and studios seeking GPU compute power and mining partners open to leasing their GPU capabilities. The concept was initially conceived by OTOY, Inc. CEO Jules Urbach in 2009 and was officially introduced in 2017.

RNDR held its inaugural public token sale in October of the same year, followed by a private sale from January 2018 to May 2018. During this private sale phase, 117,843,239 RNDR tokens were sold at 1 RNDR = $0.25.

Early adopters were granted access to the RNDR Beta Testnet throughout the private sale timeframe. Here, beta node operators and artists collaboratively engaged with the RNDR team, contributing to the network’s development and testing. This collaborative effort continued until the network’s public launch on April 27, 2020.

RNDR operates as the functional token within the framework of the Render Network. While it offers a distinct approach to the $2.80 billion rendering market, Render’s financial performance could have been more encouraging for a while before now.

After a brief period of upward momentum that propelled Render to a peak of $2.60 on April 28th, 2023, from its starting point of $0.40 at the beginning of the year, the token declined.

Things have, however, changed in the last 48 hours. The RNDR token has gained by nearly 10% as it sells by $1.52 at the time of this report. Traders and investors are watching closely for changes and developments within the Render network.

3. Maker (MKR)

Maker’s (MKR) recent surge in value has coincided with a notable expansion in its DAI stablecoin supply, which saw a substantial increase of nearly $1 billion. This surge occurred concurrently with a network upgrade to enhance the DAI savings rate. Consequently, numerous investors flocked to Maker to benefit from the heightened savings Annual Percentage Yield.

The recent positive performance of MKR reflects an upswing in bullish sentiment surrounding the token. Interestingly, Maker’s ascent occurs as PayPal prepares to introduce its competing stablecoin, PYUSD. Nevertheless, investors assert that PYUSD poses no imminent threat to the ongoing rally of Maker.

Advocates for the bullish stance contend that Maker’s (MKR) network activity is poised to increase further. The token’s price has risen by 6.42% to reach $1,089.70.

It’s important to note that on August 6, 2023, MakerDAO announced the exclusion of US users from the Spark Protocol. Additionally, VPNs were prohibited, effectively barring US users from accessing the protocol. However, critics who prioritize privacy argue that the VPN ban impinges upon users’ anonymity rights. This policy changes potentially limits access to Spark Protocol’s lending services, which could affect the price of Maker.

Following the policy implementation, Maker (MKR) exhibited fluctuations, with its price oscillating between $1,181.78 and $1,273.34. However, a notable decline occurred on August 17, when Maker dropped to $1,083.28, reflecting a 12.9% decrease since August 6. Eventually, the value of Maker declined further to $1,070.53 on August 19.

The latest uptick guarantees investors that Maker may hit a bull run. The coming days will reveal how far bulls can wrestle the market from the bears.

4. Immutable (IMX)

ImmutableX (IMX) is designed to enhance Ethereum’s decentralized finance solutions by improving transaction speeds while retaining the same features. Using layer-2 technology, ImmutableX aims to boost Ethereum’s scalability and overall performance while reducing gas fees.

Currently, the current price of Immutable X stands at $0.6028, accompanied by a 24-hour trading volume of $52.4 million. In the past 24 hours, Immutable X has experienced a 7.45% increase. It holds the #59 ranking on CoinMarketCap, boasting a live market capitalization of $677.2 million. The circulating supply of IMX coins is 868,583,515, with a maximum supply capped at 2,000,000,000 IMX coins.

This year’s predictions suggest a projected trading range for the token, with a minimum anticipated price of $0.61 and an average value hovering around $0.63. Backed by a series of scheduled upgrades, analysts anticipate a value surge for IMX, potentially reaching a peak price of $0.70.

Looking ahead to 2024, the IMX price forecast predicts a minimum price of $0.90 and an average price of $0.93 for the token. However, if the current growth trajectory of IMX continues, there’s potential for its value to ascend even further, reaching as high as $1.06 at its peak.