🤔 Lagrange Protocol ($LA ) Crypto Coin Skyrockets on Launch: Best New AI Coin?
AI remains a hot narrative in the crypto market. The @Lagrange Official just launched their crypto coin, and it’s doing wonders, pumping 150% after getting listed on most big centralized exchanges and doing over 400M in volume. Can it be the next AI project to hit a 1B market cap?
🔸 Lagrange Crypto Protocol Raised Over 15M
The #Lagrange Crypto Protocol is a cross-chain infrastructure that allows for the creation of generalized state proofs across all major blockchains. It can handle real-time cross-chain state proofs cryptographically, even if the submission comes from an untrusted user. It will work with all public EVM-compatible L1s, L2s, and rollups.
In 2024 the company raised over $17M through multiple funding rounds, with backing from names like 1kx, CMT Digital, Fenbushi Capital, and Maven 11 Capital. A year later, they’ve officially launched their coin across all platforms.
They launched an official portal for users to claim their airdrop, and 25% of the token supply will be allocated to protocol contributors. The current market cap of the coin is $240M, with a fully diluted valuation of over $1.2B. However, the earliest token unlock is 6 months from now, setting the token up for a very successful launch.
🔸 (LA) Coin Launch And Price Action
Having been listed on almost all exchanges, the coin is showing the project’s worth. It’s seeing great volume, with most of it being buy orders. It has pumped over 150%, going from $0.27 on launch day to over $1.25 now. While everything looks bullish, a lot of chartists decided to start shorting positions here after that explosive run.
LA has retraced a couple of times from the $1.45 resistance, and if it fails to break through again, it could signal a bearish trend. However, the coin market cap is still very low; if it breaks out above the resistance level, it could be the start of a 1B run. As always, DYOR before making any decision, especially on new launches, as they can be high risk but very profitable.