This week saw stocks and the crypto market continue their downward trends as news from Fed Chair Jerome Powell quashed any expectations of rate cuts in the upcoming year. Ethereum and Bitcoin’s 7% gain earlier in the week reversed while risk assets look to find their footing after the Fed’s report.
Investors were quick to take notice when the rhetoric at the FOMC meeting seemed to confirm that higher rates would persist until 2023 regardless of how the economic forecast played out. Investors are now paying more attention to interest rate changes and economic outlooks and we’ll likely see increased market volatility in the coming weeks and months.
With this in mind, it’s vital for investors to diversify their portfolios into multiple asset classes, including altcoins both in presale and with decent looking charts. The following five coins are some of the best cryptos to buy today based on strong fundamentals and/or technical analysis indicators
FightOut (FGHT)
FightOut is an upcoming Move-to-Earn (M2E) app and gym chain that has caught the eye of many investors, raising over $1 million in just 7 days during its private sale. It is now continuing to gain momentum in its public presale.
FightOut is different from other M2E’s in a few key ways. Most importantly, FightOut integrates any fitness activity, not just steps taken. Additionally, you don’t have to buy pricy NFTs; and with FightOut users are rewarded for living healthily – not just completing simple tasks like walking.
Other interesting approaches include using an avatar that is interactive and linked with users’ in-app selves. This includes aspects such as strength, muscular conditioning, cardiovascular performance, and technique. Using social motivation, fitness will be prioritized for users, since it’s driven by a community where people can compete based on real-life statistics from others. As users achieve their fitness milestones, their Avatars will level up accordingly.
FightOut’s first gym is slated to open in late 2023 and will feature a health bar, studio, and co-working space. The FightOut ambassador program will consist of pro boxers and other elite athletes promoting the brand and running events such as masterclasses. This will provide extra value to customers beyond simply having access to fitness facilities.
With presale rewards of up to 25%, it’s not surprising that larger investors have been drawn to FightOut’s $FGHT token. FightOut is also backed by LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs, giving the project reliable support for logistics and finances.
In just a few days, the project’s presale has raised $1.8 million, which demonstrates its potential moving into 2023.
Visit FightOut Now
The Open Network (TON)
Moving up by a staggering 54% at the beginning of December, TON has retraced back to the EMA 20 support and has been consolidating above this level for the past few hours. Trading at $2.3795 as of writing, the cryptocurrency is down by 3.4% for the day.
As it looks to continue its momentum and move further into the upside, it’s vital for TON to hold the $2.24 level and the daily EMA 20. If the price successfully holds these levels, a move to the psychological resistance of $3 is quite possible.
Dash 2 Trade (D2T)
Dash 2 Trade is an innovative analytics and social trading platform that has the potential to change the way crypto is traded. With its advanced features, Dash 2 Trade could be a great investment for those looking to capitalize on the FTX collapse and increased caution from holders in light of recent events.
Dash 2 Trade is a trading analytics platform that has the potential to make a huge difference in how crypto is traded. With its advanced features, Dash 2 Trade could be a great investment for those looking to choose their investments more wisely after the FTX collapse and other recent events.
Users need to buy D2T tokens to access features on Dash 2 Trade, which likely will create demand for the token in the future. Features include trading signals, social sentiment indicators, a pre-sale token scoring system, a listing alert system for upcoming coins, and a strategy back-testing tool that allows users to test potential trading plans before implementation. Additionally, there is an auto-trading function that links into exchange APIs while making it easy to test the success of the auto-trader.
Recently, Dash 2 Trade moved into its final phase of the token presale, having raising an impressive $9.9 million thus far. In the near future, their presale dashboard will be made available to the public as development is currently ahead of schedule.
Visit Dash 2 Trade Now
Solana (SOL)
After an unsuccessful attempt to breach $15, Solana has been falling for the past few hours and is currently down 1.27% for the day. Taking a closer look at the 4-hour chart, the price has bounced off the EMA 100 to find temporary support at $13.90.
However, there is also a bearish MACD crossover in the works with the MACD line trending downwards and about to intersect with its signal line. Investors must pay careful attention to this indicator for further developments.
If the price holds, $15 is the short-term target for SOL.
Calvaria (RIA)
Many popular blockchain games, such as Axie Infinity, lost a lot of users in 2022. This caused crypto investors who were interested in the Web3 gaming space to look for other options that might be more popular in the future. Calvaria, an upcoming NFT-based play-to-earn battle card game, may be just such an option. The creators of the game hope to increase cryptocurrency adoption rates by providing a free-to-play version of the game that demonstrates to players how cryptocurrencies can add value to their gameplay.
$2.46 million dollars have already been raised by Calvaria, and only 21% of pre-sale tokens remain before it enters its final presale stage.
Visit Calvaria Now
Credit: Source link
