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The crypto market remains in a wait-and-see mode as investors come to grips with the fall and prospect of FTX.
The next few weeks can determine whether recovery will grace the end of the year celebrations or whether more bleeding should be expected.
Crypto Market Responds to Binance Industry Recovery Fund
Binance has been at the center of the FTX debacle since the day CEO Changpeng Zhao (CZ) made public his intention to liquidate the $580 million held by the exchange in FTT tokens. The announcement sent waves of panic throughout the market, with investors rushing to withdraw their funds from FTX – culminating in a liquidity crisis.
FTX suspended withdrawals prior to initiating bankruptcy proceedings under Chapter 11 of United States law. This means that no funds will leave the troubled exchange, possibly until the investigation is complete.
On Tuesday, Binance launched “an Industry Recovery Fund to mitigate the growing negative impacts of FTX.” Binance is creating an Industry Recovery Fund to help projects that are otherwise strong but are in liquidity crisis. “
After this announcement, The market jumped heavily with bitcoin trading above $17,000, while Ethereum touched a weekly high of $1,284. While CZ’s move is a nice gesture, it isn’t enough to repair the damage done by FTX.
Nonetheless, investors can take advantage of crypto projects with solid fundamentals. Some of the highlighted tokens are under pre-sale, while the rest could provide a gateway for significant gains in the near term. This article may be helpful for investors who want to diversify their portfolio.
Dash 2 Trade (D2T)
dash 2 trade one ERC-20 token powers upcoming crypto analytics and social trading platform, making it easier for investors to make informed decisions. Some of the key features of this platform include trading signals that provide market buy/sell opportunities and social sentiment, as well as on-chain analysis for traders to find trending coins.
Dash 2 Trade users will have access to state-of-the-art industry tools that allow them to build strategies, share ideas with others (social trading) and adopt new strategies.
Participating in crypto presales will no longer be safe for the few who gain access to the information as Dash 2Trade offers a bespoke scoring system for upcoming projects in the industry. Crypto Listing Alert will give investors an edge over the competition. Remember, new listings, especially on large exchanges like Binance and Coinbase, often trigger a price rally.
D2T is the token at the heart of the Dash 2 trading ecosystem. The token will fuel the trading journey of investors by facilitating the exchange of ideas so that they can take advantage of all other platform features.
The Dash 2 Trade presale is underway and is offering one of the most interesting opportunities. It is important to consider Dash 2 Trade as an all-in-one terminal where investors have access to accurate and timely market data to test trading strategies that allow them to take advantage of opportunities in the market.
D2T is currently selling for 0.0513 USDT, but this price will go up to 0.0533 USDT in the next presale phase.
Visit the Dash 2 Trade Presale Now
Trust Wallet (TWT)
Trust Wallet (TWT) token was the knight in shining armor as crypto dealt with the shockwaves from the FTX collapse. In less than four days – from 10 November, TWT exploded 171% to trade at $2.76.
According to one of our analysts, TWT’s performance has been largely attributed to the growing demand for wallet storage In the wake of the FTX crash. Users are starting to self-deprecate, especially with the realization that people in crypto are to blame for poor decisions made with investor funds – noting the collapse of Celsius and Voyager earlier this year. keeping.
Trust is a wallet developed by Binance that allows users to store their assets away from centralized exchanges. This way, users have full control of their holdings at all times. The only major risk of using a wallet like Trust is the loss of private keys or phishing attacks.
TWT now trades at $2.05 after a slight correction from its recent high of $2.76. Price analysis reveals increased risk of a longer retracement, particularly with the Moving Average Convergence (MACD) indicator presenting a sell signal.
On the downside, traders can target profits at $1.64, $1.43, and $1.31. However, a hold above $2.00 could extend the bullish trend, with bullish traders seeking a return to $2.76 and possibly $3.50 later.
IMPT, built on the Ethereum POS blockchain, is a carbon credit marketplace where users can earn and trade NFT-based carbon offsets, which can also be earned by making purchases with a wide range of eco-friendly retailers.
Since carbon credits are now tokenized as NFTs, it is possible to track them more transparently, which helps address many of the issues that have plagued carbon markets in the past.
The IMPT platform will impact projects and people. There are several ways to accumulate IMPT Points. Everyone participating in the IMPT program can track their impact level and get an IMPT score. Various IMPT levels and ranks exist.
IMPT pre-sale raises over $12.8 million A few weeks after its launch, it became one of the most popular crypto sales.
Quant price surges 12% as crypto markets recover
Quant price is halved by way of offsetting losses during the FTX saga. The $98 support played a key role in preventing QNT from going down the rabbit hole. Its initial recovery above $100 immediately turned QNT’s technical outlook from bearish to bullish, which accelerated the run-up to just above $120.
If the bulls want to push the Quant price towards $130 and $135, respectively, the 50-day exponential moving average (EMA) (in blue) should move out of the way with resistance at $122.63.
Despite resistance at the 50-day EMA, the MACD is giving a buy signal in addition to crossing above the average line (0.00) and almost into positive territory. With this bullish outlook, QNT could quickly close the gap between $130 and $135 before a possible rally to the 200-day SMA (in purple) at $147.
RIA refers to the Calvaria card game formally as Calvaria: Duels of Eternity and is another project currently in the presale stages.
RIA could be the next major cryptocurrency for blockchain gaming enthusiasts. This digital asset offers several promising prospects that are increasing interest among investors.
As mentioned above, RIA is the native token for Calvaria. The game, which takes place in a metaverse with an afterlife theme, aims to help traders purchase non-fungible token (NFT) trading cards.
Players are tasked with creating strategies to help them win these battles outright. RIA is a token that enables NFT purchases through an in-app NFT marketplace.
Calvaria intends to be more than just a fun tool to entertain gamers. It aims to leverage gamification techniques to popularize and accelerate the acceptance of cryptocurrencies, by turning gamers into powerful ambassadors for this purpose. For playing its card collectibles, the platform offers two-dual mode. There are options for both play-to-earn (P2E) and free-to-play (F2P) games.
The purpose of F2P is to attract people who are not interested in cryptocurrencies. Players must put together the best card deck and engage in multiplayer battles within the game, including normal gameplay. These users can still access genuine goods and services and access financial aid and job opportunities.
Due to the Decentralized Autonomous Organization (DAO) of the Calvaria ecosystem, the RIA token will also support staking. So users can earn additional tokens just by holding them.
Like D2T, RIA saw tremendous success during its pre-sale period and is now heading into its fifth round. With 84% complete, it has already raised over $1.7 million.
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