Major cryptocurrencies have pulled back sharply from earlier intra-day highs, but the bullish trend of the past few days remains firmly in place, with the likes of bitcoin acting as key resistance to the upside and poised for further gains in the days and weeks ahead. Opening the door. ,
Notably, bitcoin broke key resistance in the low $25,000s on Tuesday, rising sharply to the mid-$26,000s before recovering to current levels in the mid-$24,000s. This means that the door is now open for another test of the $28,000 resistance area.
US stock markets continue to struggle on concerns about the perceived fragility of the US banking system and expectations that the Fed will continue to increase risk appetite by going ahead with rate hikes, albeit with fewer hikes now expected. This could be a headwind for the cryptocurrency.
But statements about the advantages of crypto over the current fiat/banking financial system may keep supporting the choice of bitcoin as a “safe haven”, just as gold would be expected to do well (investors moving into hard money). ).
Investors looking for alternatives to major coins may want to consider some of the altcoins listed below that are doing very well or have the potential to do so in the future.
Conflux (CFX) – Retest of February highs possible
While the cryptocurrency has aggressively retraced from last session’s highs at $0.33s per token, Conflux (CFX) continues to make impressive progress towards last month’s highs in the $0.367 area.
Current levels near $0.29, CFX is up another 11% on Tuesday, bringing its gains since last week’s surge to over 110% from the 50-day moving average in the $0.1450 area. Bulls will continue to target the near-term test of the February high.
Love Hate Innu (LHINU) – New Viral Presale
Love Hate Innu (LHINU) is a viral new dog-inspired meme coin that will power the soon-to-be-released vote-to-earn (V2E) social polling platform that goes by the same name. To finance the development of its new platform, Love Hate Innu is conducting a pre-sale of its LHINU tokens and the pre-sale is already one of them. hottest of 2023,
The social media meme coin start-up has already managed to raise a whopping $600,000 in less than a week since the launch of the pre-sale. It shows how the project is going viral on social media – since the first tweet from @LoveHateInu less than a week ago, the page has garnered 34.3K followers.
Investors are hyped by the project’s potential, given that it is currently one of the only existing vote-to-earn platforms, and combines the virality of meme coins and discussion of the world’s most viral/controversial topics.
Synthetix (SNX) – could see another 50% jump
Synthetix (SNX), which is currently trading around $3.0 per token and up nearly 50% from last week’s low near $2.0 per token, appears to be on the verge of a major breakout. If it can press above the resistance in the $3.30 area, a bullish bounce towards the support-turned-resistance in the $4.40 area looks on the cards. This can lead to rapid gains in the region of 50%.
Fight Out (FGHT) – Over $5.4M Now Raised
Fight Out is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing in a first of its kind fitness metaverse.
While existing M2E applications such as STEPN only track steps and require expensive non-fungible tokens (NFTs) to participate, Fight Out takes a more holistic approach to tracking and rewarding its users for their exercise and activity. is, and does not require an expensive buy-in to participate.
Fight Out is currently conducting a pre-sale of FGHT tokens that will power its Web3 ecosystem and has already raised over $5.4 million. The token is set to be listed on centralized exchanges in April at $0.033 per token.
Investors should act quickly because if they secure tokens now, they could be sitting on paper gains of around 30% by the time crypto tokens are listed on exchanges in early Q2. Investors should be aware that depending on how many tokens they buy and how long they choose to vest them, they can receive a bonus of up to 67%.
Investors can also receive an additional 5% bonus on all tokens purchased by those using the referral link. Fight Out is also giving away $250,000.
Optimism (OP) – May test record high soon
Optimism (OP), the token that powers high-performance Ethereum layer-2 scaling solution Optimism, may be on the verge of hitting an all-time high. The cryptocurrency is up nearly 50% from last week’s low in the $1.80 per coin area and is currently changing hands near $2.70.
It recently broke back north of its 21 and 50 DMA, opening the door for a retracement to the February record highs in the $3.25 area. A break above here could open the doors for a bullish jump to $3.50.
Metropoli (METRO) – crypto start-up looking to change the real estate market
Metropoli has an ambitious goal – to transform the real estate market by democratizing access to real estate investment. How? By creating the world’s first marketplace for real estate non-fungible tokens (NFTs).
And these NFTs are not just digital real estate in some metaverse. These tokens represent a real ownership stake in a real property, which Metropoli will also be renting out so that owners can earn a passive income.
Metropolis is currently conducting a Pre-Sale to fund its ongoing development and has now raised over $825,000. Start-up has already issued beta version Its platform, which already looks great and is proving to be very popular.
The barriers to traditional real estate investing around the world are huge. Metropoli hopes its platform can level the playing field, where investors will be able to own a property with as little as $100. Pre-sale investors should note that there’s a chance to win a portion of Metropolis’ massive, industry-leading $1 million.