On Tuesday, the markets reacted positively to the news that the consumer price index (CPI) had increased by only 0.1% in the past month. In the morning, risk assets such as stocks, crypto, and bonds rose sharply, followed by declines later in the day ahead of tomorrow’s FOMC meeting where it is widely expected that a 50-basis point hike in interest rates will be announced.
The Dow Jones Industrial Average ended the day up 0.30%, while the S&P 500 rose by 0.73% and Nasdaq Composite added 1.01%. Meanwhile, Bitcoin is fighting the $17,800 resistance level as of writing and is up 4.15% on the day.
Best Cryptos to Buy Today
Although the cryptocurrency and risk asset markets, in general, are still showing signs of volatility, we may be seeing a turning point soon given how events in 2022 have brought the markets down massively from their all-time highs. There may still be some room to go down, but this could be a great opportunity for investors to begin buying crypto assets at lower prices before the next bull run.
We’ve compiled a list of cryptocurrencies that boast strong prospects and are expected to show significant growth in 2023 and beyond.
Dash 2 Trade (D2T)
For cryptocurrency investors seeking to profit from the FTX exchange fiasco, Dash 2 Trade’s D2T token could be a promising option. What sets Dash 2 Trade apart is its social insights and community, social indicators, presale analytics tool, strategy backtesting, technical indicators, and social trading features – all of which lead the crypto industry.
With Dash 2 Trade’s cutting-edge features, the platform is primed to become a favorite among both long-term investors and short-term traders, making it one of the best cryptos to buy today. The website has garnered mass attention and only looks to get more popular as time progresses. Since the site uses D2T tokens to access every aspect of it, this will result in an increased demand for the token. The presale has so far raised over $9.7 million–and is 73% sold out.
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Stacks (STX)
Stacks (STX) is an innovative platform that enables users to craft decentralized applications (dApps) and access a variety of other powerful features, such as smart contract execution, non-fungible token (NFT) trading, and Decentralized Finance (DeFi) utilities using Bitcoin.
At the moment, the STX price appears to be on the verge of breaking its EMA 100 resistance, which could trigger a rise in value leading to potential profits for those who invest in it. Trading at $0.288, the price needs to clear the psychological resistance level at $0.3 which also coincides with the daily EMA 100 in order to move further to the upside and capitalize on this imminent rally opportunity.
If it succeeds, the next target for this cryptocurrency is around $0.34 which is a potential 14% swing to the upside.
Calvaria (RIA)
In Calvaria, players use cards to compete in tournaments for rewards. By winning these tournaments, players not only earn prizes but also get access to new cards and resources. Furthermore, investors can choose to stake their coins for long-term rewards or use them to vote on the future direction of the platform.
In Calvaria, players are rewarded for not only winning matches but also participating in and contributing to the ecosystem.
Calvaria is currently in its final presale stage, Stage 5, which is 79% funded, with $2.4 million out of $3 million raised already.
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GMX.IO (GMX)
The GMX price has been on an upward trend since before the FTX collapse. A rising trendline and increasing moving averages point to a possible bullish trend with significant buying pressure behind it.
Despite closing with three consecutive green candles that attempted to break past the 10-day resistance of $59.60, GMX’s price has reversed and is now trading between $48.77 and $59.60 again – at $52.46 as of writing, down 10.57% in 24 hours. It looks like it could soon test fib 0.236 support alongside the daily EMA20.
If the price recovers and successfully breaks out from the psychological resistance of $60, then its likely next target could match up with its all-time high of around $66.96 which closely coincides with the extended fib 236 level.
RobotEra (TARO)
With RobotEra, players have complete control over their robotic companions as they explore and rebuild the destroyed planet of Taro. The game’s easy-to-use tools require no programming knowledge and allow custom robots and assets to be built.
RobotEra players can make money from participating in quests, community events, and staking. They can also profit by selling space on billboards or structures within the game world and host their own events, charging an admission fee to other players.
The RobotEra team plans to build virtual and augmented reality (VR/AR) into the game in 2023. With an array of features that can generate income, players will be able to earn from their own in-game worlds. These earning features give RobotEra a leg up in a bear market, making it one of our top choices for the best cryptos to buy today.
As of presale launch, RobotEra has generated $543K in funding and is picking up steam as it makes its way to the $1 million mark.
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