The year 2022 was a year of great slump for the cryptocurrency industry. One of the most popular blockchain projects in the industry, Terra’s stable coin, TerraUSD (UST), which is pegged to the US dollar, suffered a major collapse in May 2022.
After the collapse, Terra founder and CEO Do Kwon was arrested, while Terra went to rebrand. Terra’s name changed to Terra Classic; Luna became Luna Classic, in the same way TerraUSD began to bear the name TerraClassicUSD (USTC). Surprising movements have been observed in recent weeks.
- Warning: Our content is for informational purposes only. It does not constitute investment advice.
USTC is bullish:
Over a year later, USTC, which has only seen an increase during the rebranding, has entered an uptrend again in the last few days. The unit, which should be stable at 1 dollar under normal conditions, gained 30% in 1 week and rose to $ 0.015.
With this rise, the eyes of the investors in the market once again focused on the project. Moreover, it has been shared that the rise was not experienced due to ‘external factors’ or artificial reasons, but rather organically, including factors such as internal operations and market dynamics.
Of course, the most curious subject of investors is whether Terra will regain its former reputation, whether USCT can rise to 1 dollar again. Current market conditions cannot answer this question.
While the Terra discussions are still going on, two more names are frequently mentioned in the market:
While the cryptocurrency market has started to talk about Terra again, there are two projects that have been and continue to be talked about for weeks: Wall Street Memes and Launchpad XYZ.
It is useful to briefly mention these projects. Wall Street Memes want to make an impact in a way similar to the Gamestop event that shook the markets. It ‘aims’ to offer big returns to small investors. There is no other concrete project behind the token.
The main thing that made their name known and gained popularity is their interaction with Elon Musk, who previously turned the market upside down with Dogecoin. Thanks to this, the token reached hundreds of thousands of followers on social media, pre-sales of more than $ 15 million before it was released.
Those who want to buy Wall Street Memes tokens also frequently research the project. This makes it more and more popular.
Unlike Wall Street Memes, Launchpad XYZ is not a meme token, it promises a purpose. The Launchpad team wants to bring the decentralized focused Web3 concept to new pages, which even the developers cannot fully transition to.
The project plans to provide information and services on every subject that investors may need, from digital assets to blockchain and wallet, with its Web3 easily accessible tools. The ecosystem also offers NFT shopping opportunities.
Moreover, the team is also designing a training section for users who are inexperienced in Web3. The team aims to host more than 10 million users on the platform with their projects. If you want to buy Launchpad XYZ tokens or take a closer look at the project, you can visit their website.
Do these projects have potential?
Let us remind you again that the crypto money market is an extremely risky market. In particular, meme tokens can host many times more risks than normal. Because the only thing that determines these tokens is the token producers and the decisions taken on social media.
Project tokens depend entirely on the promise of the project in the first place, and then on the success of this project. If a good team and continuity are provided, the projects are progressing and can attract more investors.
As a result of these paragraphs covering both tokens, it is quite difficult to comment on the potential of both tokens. If you are going to invest, it is useful to take a look at the comments of analysts who have great confidence in the market. Of course, the final decision is your decision.
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