The year 2022 has been a year of major slump for the cryptocurrency industry. One of the most popular blockchain projects in the industry, Terra’s stablecoin pegged to the US dollar TerraUSD (UST)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 be called TerraClassicUSD (USTC). in the last weeks surprising moves noticed.

• Warning: Our content is for informational purposes only. It does not constitute investment advice.

USTC is optimistic:

More than a year later, USTC, which has only seen an increase during the rebrand, has returned to an uptrend in recent days. Normally 1 unit to be set at the dollar30% profit in 1 week It rose to the $0.015 level.

With this increase, the eyes of the investors in the market turned back to the project. In addition, it is shared that the increase was not due to “external factors” or artificial reasons, but rather organic, including factors such as internal operations and market dynamics.

The most curious subject of investors, of course, is whether Terra will regain its former reputation. Whether USCT can rise again to $1. Current market conditions cannot answer this question.

While the Terra discussions are still ongoing, two more names are regularly mentioned in the market:

As the crypto money market starts talking about Terra again, there are two projects that have been talked about for weeks and are still being talked about: Wall Street Memes and Launchpad XYZ.

It is useful to mention these projects briefly. Wall Street Memes aim to make an impact in a way similar to the Gamestop event that shook the markets. For small investors ‘aims’ to make big profits. There is no other concrete project behind the token.

The main thing that made them known and gained popularity is their interaction with Elon Musk, who previously rocked the market with Dogecoin. As a result, the token reached hundreds of thousands of followers on social media even before it was released. It pre-sold over $15 million.

Those who want to buy Wall Street Memes tokens also regularly 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 is still decentralized, which even developers can’t quite switch to. He wants to take the concept of Web3 to new pages.

The project plans to provide information and services on any topic investors may need, from digital assets to blockchain and wallets, with its easily accessible Web3 tools. ecosystem, NFT also offers shopping opportunities.

In addition, the team is also a resource for users who are inexperienced in Web3. education department is designing. 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 cryptocurrency market is an extremely risky market. Meme tokens in particular can carry many times more risk than usual. Because the only thing that determines these tokens of the token producers and the decisions made on social media. consists of.

Project tokens are completely dependent on the promise of the project first and then on the success of this project. With a good team and continuity projects progress, they can attract more investors.

As a result of these paragraphs covering both tokens, it is quite difficult to comment on the potential of either token. If you are going to invest, it is useful to look at the comments of analysts who have a lot of confidence in the market. The final decision is, of course, your decision.

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