Pepe Coin's Plummeting Price Raises Questions – Launchpad Impact and $1 Million Goal

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Pepe Coin (PEPE) has since early May, when it hit an incredible milestone, posting a record price of $0.0000431, been stuck in an unhealthy correction. Its downtrend continues without any signs of stopping, to the extent it is trading at $0.000009354, down 78.17% from its all-time high.

As Pepe’s retreat carries on undeterred, investors are booking positions in yet another viral meme coin. The presale of this up-and-coming token has only been live for a few weeks but is fast closing in on the $1 million milestone.

Unlike many meme coins in the market, Launchpad is debuting in the market with a host of Web3 use cases. Investors buying LPX, the token powering the innovative ecosystem, can be sure to access services such as nonfungible tokens, play-to-earn (P2E) games, a trading terminal, the metaverse, and fractionalized assets among others.

Can Pepe Shine Again in a Market Weighed Down by Regulatory Pressure

PEPE is a deflationary meme coin executing on the Ethereum blockchain. It was crafted as an homage to the early 2000s internet sensation, Pepe the Frog, an invention of Matt Furie.

Its appeal stems from a tax-free stance, a reward system favoring long-haul stakers, and a burning protocol to preserve the rarity of PEPE coins.

During a remarkable ascent between late April and May 2023, PEPE saw its market capitalization soar to an impressive $1.6 billion. This propelled early adopters into millionaire status and amassed a robust community of enthusiasts.

This sparked what observers are dubbing a “meme coin fever,” with several other meme coins, some launched within mere hours, experiencing phenomenal surges and equally dramatic declines.

Achieving new highs for PEPE and its meme coin counterparts remain an open question, though they certainly factor into the aspirations of numerous stakeholders.

Pepe Ticks Up 10% on Friday – Is This Trend Sustainable

Like many cryptos in the market, Pepe is ending the week in the green following gruesome last few days. The crypto market dumped massively after the Federal Reserve decided on interest rate hikes on Wednesday.

While market expectations of pausing the hikes were met, remarks by the bank’s Chair Jerome Powell, implied that there might be future rate increases. This hawkish statement was not received well, with investors in risk assets like Bitcoin and crypto seemingly dissatisfied.

Nevertheless, a bullish wave traversed the market on Friday, sending Pepe Coin up 10% in 24 hours. As observed on the four-hour chart, the token now upholds support at $0.000008085. Keeping this support intact is crucial for the resumption of the uptrend and to propel Pepe Coin back to all-time highs.

Pepe Coin's Plummeting Price Raises Questions – Launchpad Impact and $1 Million Goal — PEPE/USD four-hour chart | Tradingview

If a buy signal presented by the Moving Average Convergence Divergence (MACD) indicator holds through the weekend, Pepe may finally detangle from the intense bearish shackles.

It would be prudent for traders to watch for a breakout above the confluence resistance formed by the descending trendline and the 50-day Exponential Moving Average (EMA). Such a move would pave the way for the anticipated upswing first to $0.000018 and later to $0.00003. Investors should also not lose sight of the all-time high of $0.0000431.

Launchpad – Next Pepe But With Web3 Twist

Emerging as a robust competitor, Launchpad (LPX) holds the potential to yield returns akin to those of Pepe. At the same time, sustaining its value over an extended timeframe. Esteemed media outlets like Business2Community and Cryptonews reinforce this optimistic perspective on Launchpad.

Launchpad presents an innovative platform, conceived to stimulate collaboration and creative ideation in the Web3 universe. In addition to fostering innovation, it opens doors to investment vast opportunities.

Users of Launchpad gain a competitive edge in the Web3 landscape, thanks to timely, precise data insights, sentiment analysis, and exclusive access to upcoming presales and NFT launches.

Understanding the value offered by Launchpad requires a grasp of the concept of Web3. In its simplest terms, Web3 denotes the next evolution of the internet, currently under development, aimed at constructing a more decentralized, secure, and trustless web infrastructure.

However, the landscape of Web3 is challenging to navigate profitably for the majority of Internet users. The team at Launchpad capitalizes on this gap, aiming to be the indispensable bridge between Web2 and Web3.

Launchpad is devising a solution to address the challenges investors encounter when transitioning into Web3.

As described in the whitepaper, it is a “human-curated portal that offers easy access to standout projects in the blockchain realm. From trending tokens to play-to-earn games, Launchpad intends to serve as an impartial lens into the best experiences that Web3 has to offer.”

Crypto Investor’s Gateway to Web3

Projected to surpass a whopping $38 billion by 2029, the Web3 market is brimming with vast possibilities. Launchpad is honing its focus on capturing this growth by embedding vital functionalities into its ecosystem to accelerate Web3’s mainstream integration.

This new ecosystem presents itself as a comprehensive hub, pooling together all Web3-associated offerings on one platform. This arrangement ensures a seamless passage for investors eager to delve into Web3 and harness its fundamental capabilities.

🔥 The $LPX presale is LIVE 🔥

Get in early on the Launchpad action by purchasing $LPX with $ETH, $BNB, $USDT, or your bank card.

Don’t miss the rocket before it takes off! 🚀
👉 https://t.co/CrJA4RkGRf #LaunchpadPresale #LPX #Presale pic.twitter.com/6Os8MdNQz4

— Launchpad.xyz (@launchpadlpx) June 15, 2023

More than just an investor’s gateway, Launchpad is set to be a resource for Web3 developers and brands. The novel platform is committed to aiding emerging projects in token and NFT launches, thereby expanding their visibility to fresh investors.

In alignment with its far-reaching roadmap, Launchpad has set its sights on enlisting 10 million Web3 users. The goal is to provide them with all the tools necessary to access this burgeoning market.

LPX Fast-Selling Presale A $1 Million Home Run

Launchpad has also laid out plans to collaborate closely with its partners to fractionize historically valuable assets. This could encompass a range of offerings from real estate and art to automobiles and other high-end items.

This strategy would establish a path for more affordable investments in assets underpinned by NFTs. Moreover, Launchpad stands ready to facilitate the trading of these fractional assets on its own decentralized exchange platform.

Participating in the Launchpad presale is notably uncomplicated. It only requires one to have ETH, USDT, or BNB in a cryptocurrency wallet such as MetaMask. Investors can also use a bank card to purchase LPX tokens.

Note that prospective investors have the opportunity to acquire as many tokens as their budget allows, with each LPX selling for $0.0445. A swift response is called for as this price is expected to hike to $0.046 in the forthcoming stage.