Is Pepe Coin Price Doomed? Consider Launchpad and Deelance as Top Crypto Options
Enthusiasm for Pepe coin (PEPE), a Pepe the frog meme coin that exploded onto the scene in mid-April and went on to claim a market capitalization of around $1.8 billion at its all-time high, continues to wane.
PEPE was last changing hands in the mid-$0.0000014s, down around 70% form its all-time high price in the $0.000005 area that was hit earlier this month.
The crypto token is threatening a break below key resistance in the $0.0000012-13 area, which could open the door to a drop back towards key support levels from earlier this month around $0.0000009 and $0.00000076.
At the current price, Pepe has a bloated market capitalization of around $600 million.
That limits the potential upside – its hard to see Pepe posting more than 10x gains and becoming more than a $6 billion market cap coin.
Investors might instead want to hunt for low market cap gems that offer a much better chance at posting 10 or even 100x gains.
Investing early in crypto token presales being run by highly promising web3 start-ups has proven time and time again to be one of the most effective way to generate high returns.
Unlike meme coins like Pepe, such projects offer an actual use-case, thus infusing their tokens with utility and real value, something Pepe completely lacks.
But there are so many presale projects to choose from.
Luckily, the team at Cryptonews.com spends a lot of time combing through the presale market to find the best projects.
Here are two of their favorites right now.
Launchpad XYZ (LPX)
Upstart crypto project Launchpad XYZ (LPX) is building a revolutionary, all-encompassing web3 platform that, according to the project’s Whitepaper, aims to make the highly “fractured and intimidating” web3 space more easily accessible.
Launchpad XYZ’s all-encompassing platform aims to offer users all the tools they need to analyze, trade and invest in NFTs, fractionalized assets, utility tokens, web3 presales via the platform’s decentralized exchange, peer-to-peer NFT exchange and trading terminal.
Crypto investors and traders are particularly excited about Launchpad XYZ due to its claim that it will provide the tools necessary to find the next 100x Web3 asset.
Indeed, Launchpad XYZ recently announced that analysis of presales will be integrated into its ecosystem, which it says provides users with “extra security… making your life much easier”.
Not only does Launchpad XYZ give its users the tools they need for trading and investing in the crypto world, but the platform also features an educational section to get newbies started.
Launchpad XYZ’s “Alpha” section of the platform will “help you learn what really has an impact on your ability to generate yield from Web3”, the platform says on its website.
Meanwhile, the project also has a newsletter aimed at providing “market-leading alpha” for more experienced traders and investors called Trading Edge, which can be signed up for via the project’s website.
To kick-start the development of its platform, Launchpad is running a presale of its $LPX token and, as noted, the project has already raised a whopping near $500,000.
DeeLance, which is building an immersive non-fungible token (NFT)-powered metaverse platform to unite businesses and freelancers, has been billed by observers as revolutionary for the $761 billion-dollar recruitment sector.
The project has already raised a whopping more than $1 million in just a few weeks since the launch of its DLANCE token presale.
Amazing News, DeeLancers!👨💻— DeeLance (@deelance_com) May 23, 2023
We have reached another big milestone, raised over $1 Million in our presale!🙌🎉
Let's keep the momentum going! 🚀💪
Grab your $DLANCE today before the next price increase! ⬇️⏳https://t.co/XHnTqVzMLN#Crypto #cryptocoin #altcoin pic.twitter.com/XoJL9ECRuN
Investors are encouraged to move quickly to secure tokens, as when the presale hits $1.2 million, the price will rise from its current super-cheap $0.033 level.
Given that DLANCE will debut on major cryptocurrency exchanges later this year at $0.57, investors who get in now can be sat on gains of over 70%.