Transparency is one of the most fundamental aspects of life, particularly when trying to be informative. With that being said, there is no way to sugarcoat how crypto is in one of its most daunting times. Coin holders are estimated to have lost approximately £300billion of value within the past month! The most negatively affected cryptocurrencies include Bitcoin (₿), Ethereum (ETH), Solana (SOL), and Terra (LUNA). Due to this, people now more than ever are unaware of where to invest their money at low risk. Although there is no risk without reward, people still need to have a decent amount of certainty when investing in crypto. This article will explore the potential factors that have led to the decline of crypto, whilst looking at launchpad technology and how it could help the coin market.
What has caused the crypto crash?
With all the hysteria and panic amongst crypto investors, the question of how this crypto crash occurred needs to be addressed. The truth is, there is no definitive answer, however, there are many aspects that can be attributed to its recent downfall. With the rise of inflation, interest rates, and geographical instability as a result of the conflict in Ukraine, it is somewhat probable that these factors are to blame for the crypto crash. Additionally, the crash could have also been caused by the general public – as people may be moving away from investing in cryptocurrencies due to their unpredictable nature.
A common consensus amongst crypto enthusiasts and experts is that blockchain network TerraUSD (UST), a decentralized stable coin under the Terra blockchain, is a key contributing factor to its sister coin LUNA’s recent decline. Terra (LUNA) went from one of the most prominent blockchains in crypto, to currently being ranked at number 213 on coinmarketcap.com, an extremely shocking decline and a scary time for investors in LUNA.
How launchpad BoostX can help revive crypto
BoostX is an upcoming launchpad technology that provides investors with an outlet where they can put money into other cryptocurrencies. They describe themselves as a technology for “Idos with distinct features designed to boost a blockchain project into the stratosphere”. These unique features include curated tokens, dynamic dashboards, high-quality projects, and unique presales. Additionally, BoostX also provides variety for users by having multi-chain compatibility across several new cryptocurrencies. The tokens which are featured on the launchpad are Pac-man Frog (PAC), FIREPIN Token (FRPN), Seesaw Protocol, and Parody Coin (PARO).
Furthermore, the system facilitates users by giving them fair access to exclusive crypto presales. This feature allows people to invest in upcoming crypto as it is just entering the market. BoostX is a great way to assess the crypto market since it presents specialist information on tokens – which would be beneficial to both start-up blockchains and new investors. The launchpad also provides a safe and secure way for participants to invest by having decentralized finances selected and monitored specifically. In a gloomy market, many people are slowly diverting from big blockchains in the wake of crashes amongst Bitcoin, LUNA, and Ethereum. Instead, they are thinking of substitutional options that do not have as high of a risk of rapidly losing their value. Thus, launchpads such as BoostX may be worth investing in, as it gives investors a safe outlet that evaluates multiple tokens and provides a variety of unique features.
More information on BoostX:
Website: https://www.boostx.finance/
