The crypto market is currently in a stagnant position, with many tokens oscillating between support and resistance levels. Some, like Cardano (ADA), are just down and appear to be moving in a bullish trend.
As the highly discussed Cardano project goes through these changes, there are a few crypto assets that are looking like they will be excellent alternatives for investors. These are Wall St Memes (WSM), Launchpad XYZ (LPX), and Sonik Coin (SONIK) and we’ll explain why these are 3 tokens to watch here.
What you'll learn 👉
ADA Price Prediction: Downward Trend Indicates Some Risk
Similar to other assets, Cardano has undergone various price movements in recent weeks, but there are notable patterns that set its movement apart from other tokens.
For the past month, the Cardano coin has experienced a sharp correction, reaching a recent nadir at $0.29. Commencing from its peak on July 14th at $0.379, this alternative cryptocurrency has seen a decline in market value by 37%, completely erasing the gains made in June. However, the daily chart indicates that the declining price stabilized after finding support at $0.29, forming what appears to be a bearish pennant pattern.
In recent weeks, ADA has witnessed significant downturns, with a 3% drop in the last seven days and a 10.6% decrease over the past 14 days. Nonetheless, if ADA manages to surpass its current resistance level of $0.27, there exists the potential to surpass its previous 2023 peak of $0.45, which was reached in mid-April. Despite the optimistic anticipation from many members of the Cardano community, uncertainty prevails due to the trading volume of ADA indicating a prevalence of selling activity. Ultimately, the trajectory of the coin’s short- or long-term price trends may be influenced by developments within its ecosystem.
While this is happening, investors will want to take a look at WSM, LPX, and SONIK instead, as they showcase some strong potential going forward.
Wall St Memes Presale Is Coming To a Close, Launch 1 Month Awaye
The Wall Street Bets movement’s emergence and the subsequent GameStop incident played a crucial role in initiating the formation of the Wall Street Memes (WSM) community. This community adeptly combines elements from the financial sector, meme-driven humor, and online culture. Wall Street Memes, centered around meme coins, not only promotes cryptocurrency investment but also humorously examines and challenges the conventional financial establishment.
Central to this phenomenon is the WSM token, introduced by Wall Street Memes. This token empowers users to partake in lighthearted and amusing speculative activities reminiscent of those witnessed on Wall Street. By joining the Wall Street Memes community and acquiring WSM tokens, individuals can showcase their backing for the cause and potentially acquire cryptocurrency-based memes.
A remarkable illustration of the internet’s capacity to counter unbridled capitalism, Wall Street Memes have their origins in the very movement that gave rise to their inception. In the 1980s, Gordon Gekko famously proclaimed, “Greed is good,” as he amassed wealth through stocks lacking inherent value. Fast forward several decades, and thanks to an array of meme-based currencies, some of which are purported to possess even lower intrinsic value, regular individuals now find themselves presented with opportunities that were once beyond their grasp.
The WSM token’s presale is currently in its final stage, indicating that the window to purchase the token is closing soon. Priced at $0.0337, its value is poised to rise after being listed on exchanges. Despite being a relatively new project, it has already amassed a significant following and has generated $25 million in funding up to this point. Additionally, a substantial amount has been staked in the staking process.
Prospective buyers can choose to acquire the token using either ETH or USDT as their preferred payment method. The WSM team prioritizes transparency and has provided a complete breakdown of the project’s tokenomics. Community rewards will make up 30% of the total token supply, with 20% allocated to CEX and DEX liquidity. The remaining 50% will be designated for the presale.
Considering the noteworthy interest in WSM, it is expected that the token will see swift sales during the presale phase. Over the next few weeks, investors are anticipated to enthusiastically engage in the initiative, further enhancing the growing excitement surrounding WSM.
Introducing $WSM – yep, we’ve gone and done it.— Wall Street Memes (@wallstmemes) May 27, 2023
The community token that's flipping the Wall Street Memes game upside down! 🐂
We have 50% of the #Token supply up for grabs in the #Presale and 30% set aside for rewarding our community.🔥
Let's make some serious waves together,… pic.twitter.com/fH2TMGmglZ
Active participation across a wide range of social media platforms now offers individuals the potential to qualify for an upcoming token airdrop presented by WSM. Those who engage in trading or hold WSM tokens become eligible for this enticing airdrop opportunity. Wall St Memes stands out as an attractive investment choice, distinguished by its unique qualities that enhance its allure.
What’s more, Wall St Memes is set to launch in just a month! That’s not long before this one-of-a-kind token makes it way onto the hands of the public, so expect big things!
Launchpad XYZ Is All You Need For Web3
Launchpad XYZ (LPX) emerges as a comprehensive Web 3 dashboard, with its primary aim centered around empowering both novice and experienced traders alike. Its goal is to equip them with essential resources that facilitate well-informed trading decisions. Launchpad XYZ ensures that traders have at their disposal a wide range of tailored resources to navigate the complexities of the Web3 landscape. It offers a diverse set of capabilities, encompassing reliable data, insights into market sentiment, and enlightening information.
Furthermore, Launchpad XYZ provides extensive data spanning a broad spectrum of utility tokens, presenting vital metrics related to liquidity, analyst insights, personalized indicators, and potential arbitrage opportunities.
The platform streamlines the trading process and consolidates various disparate applications into a user-friendly interface reminiscent of the Web2 era. By harnessing Web3 advantages such as revenue-sharing models, fractionalization of tangible assets, and self-custody, it provides traders with the necessary tools to confidently participate in the cryptocurrency realm.
A noteworthy aspect of Launchpad XYZ is its real-time updates on potential Web3 investments, enabling investors to proactively discover new projects and concepts even before they become widely accessible. Additionally, a select group of private investors can choose to receive exclusive alerts from the platform regarding cryptocurrency presales. Moreover, Launchpad XYZ reserves a portion of presale tokens exclusively for user purchase.
By staking a minimum of 10,000 LPX tokens per month on Launchpad XYZ, users can access several benefits, including lowered fees, early entry into play-to-earn (P2E) games, and distinguished community badges.
Holders of LPX tokens will receive exclusive entry to new NFT releases that Launchpad XYZ identifies as potential candidates to emulate the success of highly profitable projects like the Bored Ape Yacht Club (BAYC). The original backers of BAYC NFTs, initially acquired for under $200 but later sold for millions, serve as concrete evidence of the substantial profit potential inherent in the NFT market.
Moreover, Launchpad XYZ is actively working towards establishing a decentralized exchange that can facilitate the trading of various asset pairs, including specific perpetual contracts. This will empower traders to utilize leverage and engage in short sales. LPX token holders will enjoy the advantage of reduced trading fees on the Launchpad XYZ exchange, further enhancing the practicality and value of LPX tokens.
Ditch the generic dashboards 😉— Launchpad.xyz (@launchpadlpx) August 24, 2023
At #LaunchpadXYZ, we let you tailor-make your own space to mirror your trading style
Join the $LPX presale NOW!
#LaunchpadKnows #Trading #AltSeason #Bullish pic.twitter.com/Nb6drH4qvl
The ongoing presale phase for the LPX token is currently in progress via Launchpad XYZ, providing interested parties the chance to acquire the token through various payment methods. Among the total token supply of 1.025 billion tokens, a dedicated allocation of 250 million tokens has been reserved specifically for the presale stage.
During the duration of the presale, the LPX token is priced at $0.0445 per token, with a subsequent listing price of $0.0565. Furthermore, there is a 20% bonus available for those purchasing the token within the present period. To date, approximately $1.4 million has been raised.
The funds generated from the presale will be directed towards platform development, along with a portion allocated for the project team. Additionally, resources will be designated for marketing endeavors, user acquisition, and initiatives related to market-making activities.
Sonik Coin is The Next Big Meme Coin That Will Set Records
Sonik Coin (SONIK) takes inspiration from the renowned character and centers its mission on attaining an ambitious market capitalization of $100 million, emulating the iconic speed associated with the character.
Those participating in its unique staking smart contract are generously rewarded for their unwavering commitment to the project. The Sonik coin initiative provides stakers with an impressively high annual percentage yield (APY), aligning with the overarching objective of propelling $SONIK to remarkable heights. This innovative staking concept is generating excitement, extending its impact to encompass both meme coins and ‘version 2’ themed coins.
Sonik emerges as a pioneering presence in the global landscape of stake-to-speed cryptocurrencies, enabling purchasers to swiftly engage in staking activities and initiate the accumulation of rewards. A significant portion of the total token supply, precisely 40%, has been earmarked for community staking rewards, with distribution planned over a four-year duration.
The team has established a relatively modest target cap of $2 million, indicating that this coin is positioned for rapid acquisition rather than an extended presence in the market. As a result, it’s advised to exercise prudence when evaluating investment opportunities, given that the presale phase is anticipated to reach its limit within a timeframe of two weeks, or potentially even earlier. The existing token price is set at $0.000014.
90 million SONIK tokens have already been put up for staking, demonstrating an exceptional APY that exceeds 26,000%. Nevertheless, it’s vital to recognize that this rate will gradually decline as more stakers join by depositing funds into the smart contract.
Altcoins like Wall St Memes (WSM), Launchpad XYZ (LPX), and Sonik Coin (SONIK) have emerged as noteworthy contenders in the near term future. As such, these tokens deserve careful consideration if you want assets with promising potential to enhance your portfolio.
Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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