CryptoMediaClub
Tuesday, June 24, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Solana And Cardano Prices Slide But Launchpad XYZ Raises $1 Million

17.07.2023
A A
0
128
VIEWS
ShareShare

Major altcoins saw another strong correction as the global crypto market cap shrank by 0.5% over the past day. Solana plunged 4% over the past 24 hours, while Cardano fell close to 2% over the same period.

The crypto market is facing a choppy week ahead as the threat of an SEC appeal against the recent Ripple ruling becomes more likely.

Despite the bearish conditions, several tokens remain bullish due to their high utility. Launchpad XYZ is one such project that has recently surpassed the $1 million mark in its ongoing presale.

Solana and Cardano Plummet As Ripple’s Post-Win Enthusiasm Dampens

Ripple’s landmark win against the SEC provided a strong bullish boost to the entire crypto market.

In a watershed ruling, district judge Analisa Torres stated that Ripple’s programmatic sales of XRP tokens did not meet the criteria set by the Howey test and thus did not make the token a security.

The decision resulted in a close to 100% surge for XRP, with the token trading as high as $0.95 at one point – it has since corrected to $0.738.

The ruling also resulted in double-digit pumps in other major altcoins that have been labelled as securities in the SEC’s lawsuit against Binance and Coinbase.

Solana in particular reached its highest price mark since the disastrous FTX bankruptcy in November of last year. The token is currently trading at $26.9 and is up 30% over the past week, bringing its total gains to 70% over the last month.

Similarly, Cardano is also up 10% in the weekly time frame as the ADA token is trading at $0.31.

Cardano and Solana’s surge can be attributed to the widespread belief that Ripple’s victory will make it easier for other tokens to prove their non-security status. Expert crypto analyst Lark Davis believes that if XRP is not a security, then most other major altcoins aren’t as well.

However, several legal experts now believe that this celebration may have been premature. Both ConsenSys lawyer Bill Hughes and litigator Bryan Jacotout are of the opinion that the SEC will likely appeal the district court’s ruling.

Other experts are also noting that the recent ruling did find that Ripple violated the Securities Act when they sold the tokens to institutional investors.

Even in the case of programmatic sales, Ripple won because Judge Torres factored in the lack of mainstream knowledge of the crypto market in the early days of XRP. Several other newer tokens may not receive such a benefit of the doubt.

Which Tokens Can Outperform The Crypto Market?

The crypto market remains in the doldrums, and an SEC appeal can result in strong downward pressure.

Investors are now looking for presale tokens that can display bullish price surges despite the bearish sentiment. Launchpad XYZ is emerging as a top contender it has raised over $1.1m and continues to rise.

New Web3 Portal Launchpad XYZ Turns Heads as Token Nears $1.5 Million

The crypto market is extremely volatile and can be overwhelming for newbies and natives alike. However, the Launchpad XYZ ecosystem is offering a suite of powerful trading products that can help users combat the complexities of the market.

Investors have been quick to recognize the project’s high real-world utility as it has already raised $1.1 million in the presale and is well on its way to hitting the $1.5 million mark.

Launchpad XYZ is carefully designed to help users succeed in crypto trading while also offering them maximum learning opportunities. For example, the Terminal Edge platform will help them gain valuable market insights with the help of sentiment analysis and the latest crypto news. Beginners can also get to know the trading setup of other expert traders.

Similarly, the Launchpad Quotient will make sure users do not miss out on the next big investment opportunity by ranking crypto assets across 400 data points.

The all-in-one Web3 portal also offers other tools such as its own Web3 wallet, premium NFT marketplace, a decentralized exchange, a sophisticated Terminal trading engine, etc.

The $LPX token is currently priced at $0.0445 but will surge significantly to $0.0565 at listing. Investors can purchase the token through bank cards or by swapping ETH or USDT tokens.

Visit Launchpad XYZ Presale

Disclaimer: The above article is sponsored content, and it’s written by a third-party, and is intended for promotional purposes only. It does not represent the opinions or the views of CryptoPotato, and nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

Bitcoin Reclaims $106K After Trump’s Israel-Iran Ceasefire — Is $110K Next?
All news

Bitcoin Reclaims $106K After Trump’s Israel-Iran Ceasefire — Is $110K Next?

24.06.2025
0

Bitcoin bounced back above the $106,000 mark on Monday, following a brief drop below $98,500 on Sunday, the lowest level...

Read moreDetails
Analysts: South Korea’s Stablecoin Pivot Will Hurt Card Companies, Boost Big Tech

Analysts: South Korea’s Stablecoin Pivot Will Hurt Card Companies, Boost Big Tech

24.06.2025
Washington Eyes Crypto Rules: Senate Subcommittee Hearing on Digital Assets Scheduled For Tuesday

Washington Eyes Crypto Rules: Senate Subcommittee Hearing on Digital Assets Scheduled For Tuesday

24.06.2025
$100 Million BNB Bet: Nasdaq Company Mirrors MicroStrategy’s Playbook in Bold Treasury Move

$100 Million BNB Bet: Nasdaq Company Mirrors MicroStrategy’s Playbook in Bold Treasury Move

23.06.2025
Solaxy (SOLX) Price Set to Heat Up as Solana Layer 2 Lists on DEXs, Major Exchanges to Follow 

Solaxy (SOLX) Price Set to Heat Up as Solana Layer 2 Lists on DEXs, Major Exchanges to Follow 

23.06.2025
Load More
Next Post
NEAR APAC Presents “Unlimited Future” at Vietnam’s Blockchain Conference

NEAR APAC Presents “Unlimited Future” at Vietnam’s Blockchain Conference

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Tether unveils mining software to boost efficiency and capacity

Tether unveils mining software to boost efficiency and capacity

2 years ago
Ethereum price approaches $3k amidst spot ETF anticipation, Dencun upgrade

Ethereum price approaches $3k amidst spot ETF anticipation, Dencun upgrade

1 year ago
VanEck believes Solana can grow 10,000% in value if it onboards 100M users

VanEck believes Solana can grow 10,000% in value if it onboards 100M users

2 years ago
U.S. Banks Able to Settle for Cryptocurrency Funds

U.S. Banks Able to Settle for Cryptocurrency Funds

5 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

$100 Million BNB Bet: Nasdaq Company Mirrors MicroStrategy’s Playbook in Bold Treasury Move

Solaxy (SOLX) Price Set to Heat Up as Solana Layer 2 Lists on DEXs, Major Exchanges to Follow 

Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers

$2M Whale Purchase Rescues FARTCOIN from Collapse — $2 Price Target Within Reach?

Major Ethereum, Solana, XRP losses cause chance of Altcoin Season to drop to 12 month low amid Bitcoin strength

HKD Stablecoin for International Trade in Preparation

Trending

Analysts: South Korea’s Stablecoin Pivot Will Hurt Card Companies, Boost Big Tech
All news

Analysts: South Korea’s Stablecoin Pivot Will Hurt Card Companies, Boost Big Tech

24.06.2025
0

South Korean experts claim that the nation’s stablecoin pivot could hamper the growth of card providers, but...

Bitcoin whipsaws back to $104k after losing six-figures as Iran’s failed attack signals end of tensions

Bitcoin whipsaws back to $104k after losing six-figures as Iran’s failed attack signals end of tensions

24.06.2025
Washington Eyes Crypto Rules: Senate Subcommittee Hearing on Digital Assets Scheduled For Tuesday

Washington Eyes Crypto Rules: Senate Subcommittee Hearing on Digital Assets Scheduled For Tuesday

24.06.2025
$100 Million BNB Bet: Nasdaq Company Mirrors MicroStrategy’s Playbook in Bold Treasury Move

$100 Million BNB Bet: Nasdaq Company Mirrors MicroStrategy’s Playbook in Bold Treasury Move

23.06.2025
Solaxy (SOLX) Price Set to Heat Up as Solana Layer 2 Lists on DEXs, Major Exchanges to Follow 

Solaxy (SOLX) Price Set to Heat Up as Solana Layer 2 Lists on DEXs, Major Exchanges to Follow 

23.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz