What about the price of polygon as a Matic tanks after submitting to the Sec? Launchpad XYZ remains bullish and approaches the $ 1 million mark
What about the price of polygon as a Matic tanks after submitting to the Sec? Launchpad XYZ remains bullish and approaches the $ 1 million mark
The recent allegations of the SEC shaked the crypto world and described polygon and several other cryptos as securities. This official examination has led to platforms such as Robinhood, including Matic from Polygon, have taken out the list.
In view of the increasing panic of investors, the value of Matic on June 10th collapsed by almost 30 %. Will the resulting abundance trigger further sales if more and more investors deduct their tokens from various defi-smart contracts?
Despite the prevailing market uncertainty, some newcomers such as Launchpad XYZ continue to reach milestones and continue their upward trend.
The impact of the regulatory storm on polygon
The on-chain analysis company Lookonchain confirmed the continued declining prospects for polygon. Es that around 14 million Matic tokens (worth $ 9.8 million) were paid in on stock exchanges and the price broke up by almost 30 %.
It is noteworthy that the number of active addresses and transactions to polygon has recently decreased significantly. These effects were also visible to the Total Value Locked (TVL) of Polygon, which recorded a significant decline.However, a recent increase in network activity could indicate a possible recovery, which is partly due to the progress of ZKEVM (Zero-Knowledge Ethereum Virtual Machine), which could boost the Defi Ekosystem of Polygon.
In addition, Matic recovered by about 10 %in the last two days, as a buyer with the support brand of $ 0.6.
But the resurrection could only be short -term if the SEC continues to comply with Binance and Coinbase and confirms polygon as security.
This categorization could cause polygon many problems, subject them to strict official supervision and slow down growth. This could trigger a domino effect, as probably further exchanges in the footsteps of Robinhood and take polygon out of the list.
In response to the allegations, Polygon Labs To distance US markets. They emphasized that polygon was developed and deployed outside the United States, aimed at a global audience and continues to focus on network security.
If you analyze the tweet of polygon, your attitude can be interpreted as assertive and yet carefully. They emphasized their international origin and activity as well as the crucial role of Matic when maintaining network security.
However, they did not go directly to the security problem or the allegations of the SEC, which leaves their legal position open to speculations.
navigated through these turbulent times during the cryptom market, dealers and investors look for alternative tokens to withstand the storm.
Which tokens defy the trend?
In the current regulatory environment, it is of crucial importance to concentrate on cryptos that show resistance and steady growth. Such a candidate who defies the downward trend is launchpad xyz.
The advance sale of the platform has grown steadily despite the crypto storm and has reached milestones while other tokens have a setback. But what does launchpad XYZ do?
The rise of Launchpad XYZ continues, while the pre-sale approaches the milestone of $ 1 million $ 1 million
launchpad
The platform has secured almost $ 1 million in advance, which proves the growing investor's attraction of this platform.
The WhitePaper from Launchpad This user -friendly approach can open the door for an influx of new dealers.
The dashboard of the project provides real -time data, including the market mood for various coins, an invaluable resource on today's cryptom market.
In addition, the perpetual decentralized Exchange (Dex) dealers enables effective protection of their bets and thus minimizes the risk of sudden market fluctuations. In conjunction with an optimized web3 wallet creation process, the platform can reduce the entry barriers into the web3 ecosystem.
In addition, Launchpad XYZ keeps pace with the booming NFT trend. It offers NFT enthusiasts for discovering, acting and curating NFTs as well as exclusive offers for those who list or keep blue chip nfts.
In addition, users can unlock exclusive privileges by using at least 10,000 LPX tokens. These advantages include lower transaction fees, access to new NFT embossing and exclusive pre-sales, discounts on by launchpad
At the time of printing, the native $ LPX token of the project is available for a advance booking price of 0.0445 USDT. With a list price of 0.0565 USDT, early buyers can benefit from the upward potential of $ LPX.
Visit the launchpad XYZ pre-sale
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