Taraxa Coin (TARA) Price Outlook: As Market Turbulence Continues, Is Launchpad XYZ the Safeguard Investors Need?

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Taraxa Coin (TARA) ranks second on the top gainers on CoinGecko’s list at 5:48 am EST. This position shows rising investor interest in the project.

The asset is trading at $0.00834, indicating a 45% price increase in the last 24 hours. Also, its trading volume is up by 156% in the same time frame.

Taraxa Benefitting from AI Revolution

Taraxa’s affiliation with Artificial Intelligence (AI) gives it an advantage in the crypto sphere as the world leans toward AI adoption.

The AI revolution is on the upswing, and $TARA is on a mission to infuse it into the world of #crypto! 🚀 @taraxa_project is a unique project that has gone under the radar for too long..

Here’s to another gem in the world of Block DAG

A Thread 🧵👇 pic.twitter.com/JDT07q4vOJ

— Our Crypto Talk (@ourcryptotalk) August 5, 2023

According to the developers, it is scalable, fast, decentralized, and EVNM-compatible. Also, it emphasizes AI technology integration to provide solutions to problems with a focus on trust, security, and transparency.

Additionally, it provides its users with AI-powered social analytics, machine-generated transactional data, and multi-layered IP licensing.

🔸Key Features :

🔹Taraxa is a versatile Layer-1 network with a strong emphasis on practical applications:

1. AI-powered social analytics
2. Machine-generated transactional data
3. Informal handshake agreements
4. Multi-layered IP licensing

— Our Crypto Talk (@ourcryptotalk) August 5, 2023

These features, and others such as low transaction cost and a near-instant transaction finality, make the project stand out. With over 22,000 Twitter followers, Taraxa enjoys massive community support, likely contributing to its price gains.

Taraxa Dismantles Old Ethereum Structure to Launch Mainnet

On April 3, Taraxa announced the migration from the Ethereum Network to its mainnet. According to the post, the mainnet candidate, old community, and old explorer are dismantled to enable the true mainnet.

The mainnet candidate, old explorer, old community site are all being dismantled to pave the way for the true Mainnet.

Out with the old 🧓, in with the new 👶! #taraconvertlive

— Taraxa Project (@taraxa_project) April 3, 2023

Based on information from Etherscan.io, the TARA ERC-20 contract on ETH was paused due to this new development. This migration is likely one of the reasons behind the surge in TARA’s price.

TARA Breaks Above $0.00741 Resistance

TARA moved into an uptrend since August 2, and the bulls rallied to push its price above the $0.00741 resistance today. It found critical support at the $0.00377 support level, acting as a pivot point for further price increases.

The bullish engulfing pattern, formed on August 6, triggered a rally above the $0.00741 resistance. TARA is in the upper region of the Donchian Channel (DC), showing a strong buy signal as it moves to higher highs.

Also, the bullish sentiments reflect in its Relative Strength Index (RSI) value of 96.14, firmly in the overbought zone above 70. The green-shaded area above the RSI channel shows aggressive buying in the market.

Additionally, the Moving Average Convergence/Divergence (MACD) is above its signal line, attesting to a bull run for TARA. The Histogram bars are green, also confirming buyers’ dominance today.

TARA will likely continue in the buy zone for the next few days. However, a reversal might occur once the RSI retreats into the channel for consolidation.

Launchpad XYZ Reliable Alternative

Launchpad XYZ is an analytical platform positioned to give its users a balanced experience in the crypto space. It is a community-driven ecosystem that provides traders with vital analytics equipping them to trade more efficiently for profit.

Launchpad XYZ users get access to a top-quality trading terminal that will partner with top liquidity providers to ensure high-speed trading.

Also, it is the gateway to Web3 activities with its plans to unveil an active Metaverse accessible to all $LPX holders. LPX is the utility token that connects users with all ecosystem features.

Users are safe from dangers in trading, such as falling victim to rug pulls, low-liquidity projects, and pump-and-dump schemes.

The advanced Apollo AI ensures that projects go through proper checks to ascertain their quality.

That’s not all! Users can learn more about crypto trading with Launchpad XYZ through its Learn-to-Earn (L2E) model, where users earn rewards for completing educational material.

The Launchpad Quotient is a reliable ranking system that leverages over 400 data points to analyze social, financial, and market data. LPX tokens are on presale offering investors the best opportunity to accumulate the tokens at affordable rates.

LPX Presales Advancing

LPX is on presale at $0.0445 per token. The presale is above the $1.24 million mark as it approaches its target of $1.55 million. The Launchpad XYZ community is expanding rapidly, with over 8000 Twitter followers, showing its growing relevance.

Users can purchase these tokens with ETH, BNB, USDT, or a bank card. Also, a secure crypto wallet is necessary to hold the tokens.

Launchpad XYZ Extends Meme Contest Update

🚨Important update, #Launchpadders! 🚨

We’re extending our meme #Competition until Monday, 7th August!

More time for your creative genius to shine 🚀✨#LaunchpadXYZ #Giveaway #Crypto #Web3

— Launchpad.xyz (@launchpadlpx) August 2, 2023

On August 2, Launchpad XYZ announced the extension of their Meme contest till August 7, giving users more time to showcase their creativity. The winner will receive $100 as the prize as the community prepares for the LPX token launch.