LaunchPool is a crypto funding protocol that is trending upwards in the market
LaunchPool has a laudable mission: connecting crypto startups with investors and growth specialists to give projects successful launches and better reward stakeholders. Their decentralised approach to funding has won over leagues of supporters, and LPOOL is up by over 80% this week alone.
If you want to invest in LaunchPool, read on to find out the best place to buy LPOOL tokens. In this article, we’ll share with you our recommended brokers and exchanges, as well as giving you background information on the project itself.
How & where to buy LaunchPool in the UK and elsewhere
Buying LaunchPool is easy even for complete novices. Our recommended partners are all licensed and regulated, so you can be sure your funds are secure. All you need to do is create an account and make a deposit, and you’re ready to make your first LPOOL purchase.
Some traders use decentralised exchanges (DEXs) to buy tokens like LPOOL, but we would like to remind our readers that these platforms are unregulated and prone to scams, and are often difficult to use. Therefore, we always recommend using a licensed brokerage. Here are our picks:
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What is LaunchPool?
LaunchPool is an innovative funding protocol that uses blockchain technology to connect stakeholders during the launch of new cryptocurrency projects. Funding sources, growth marketers, and community projects are all connected via the LPOOL token, the staking of which drives the network.
Some of the funding efforts achieved using LaunchPool include matching Master Ventures with ThorChain, which netted a 68x return, and uniting CEL with Alpha Sigma Capital, which turned a profit of over 100x.
Should I buy LaunchPool today?
This week, LPOOL has established a strong price floor in the $1.20 region. This appears to have formed the “bottom” of the recent bearish trend, and the price looks unlikely to dip below this again. Having recorded impressive gains of over 80% this week, LPOOL looks to have secured a strong base to build further gains.
With the price unlikely to decline further, and with acres of space for the price to move upwards, today looks like a potential buying opportunity for LaunchPool.
LPOOL price prediction
LPOOL’s weekly high was around $2.49, and it is now stabilising at the $2.10 level. If bullish sentiment persists, the $3 mark (which has been an active support and resistance level in the past) is likely to come into play.
However, with the current upside volatility, a move to $4 or the monthly high of $4.60 looks possible. Furthermore, as interest in crypto begins to pick up again, LaunchPool’s fundamentals will improve, providing an engine to drive steeper price hikes in the near future.
This post was originally published on Coinjournal.
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