The crypto market has declined of late, with bitcoin and ethereum prices down by 5.09% and 6.39%, respectively, at the previous candle close. The total crypto market capitalization has also declined, currently hovering around $1 trillion, down 1.2% over the past 24 hours.
While some market correction was expected, the recent announcement by the SEC to ban Staking as a Service has accelerated the market decline. With these factors in mind, read on to learn about the best cryptos to buy today.
The SEC recently accused Kraken cryptocurrency exchange of failing to register its digital asset staking-as-a-service program. Kraken has since agreed to halt its crypto staking services and pay a fine of $30 million.
In light of this move, SEC Chairman Gary Gensler has stressed the need for crypto intermediaries to comply with appropriate securities laws when offering investment contracts in exchange for tokens.
Despite its decision, the SEC has come under fire from both members of the crypto community and some legislators. For example, United States House Majority Whip Tom Emmer expressed his disapproval, claiming that the SEC is harming the American people by preventing US citizens from accessing offshore staking services.
When it comes to investing in the volatile crypto market that is currently witnessing such legal pressures, choosing the right projects can be a challenge. However, during this time of market correction and consolidation, it may be wise to focus on tokens that exhibit strong fundamentals and/or technical analysis.
Several cryptocurrencies that have the potential to deliver favorable returns include MEMAG, RPL, FGHT, LDO, and CCHG among the best cryptos to buy today.
Meta Masters Guild Launching Game Changing Web3 Game Network
With the launch of many new games and platforms, it is becoming increasingly clear that the future of gaming is moving towards decentralization and gamer empowerment. The Meta Masters Guild (MMG), a Web3 gaming guild and mobile game ecosystem supported by Metaverse, is establishing itself as a major player in the rapidly growing Web3 gaming landscape.
MMG has generated significant interest ahead of its launch, with a pre-sale of its MEMAG tokens, selling out quickly step by step. The final phase of the pre-sale is about to take place, and investors can expect the price of MEMAG token to rise from $0.021 to $0.023, which represents an increase of 228.6% from the original pre-sale phase.
The company’s partnership with leading game studio Gamearound is also generating excitement, especially with the announcement of the launch of Meta Kart Racers in the third quarter of 2023.
One of the key features of MMG is its use non-fungible token (NFT) To allow gamers to own parts of the games they play. The creation of a native NFT marketplace will give users the opportunity to trade in-game assets, much like the successful CS:GO skin market. MEMAG will serve as the means of settlement in the entire MMG ecosystem, and will also have governance and staking features.
The Web3 gaming market is predicted to grow to $104.5 billion by 2028, and MMG is looking to get a piece of that pie. The company’s focus on high-quality gaming on crypto promotion sets it apart from other play-to-earn platforms and highlights its commitment to providing a truly engaging and immersive gaming experience.
With a clear roadmap and high potential for success, MMG is poised to become a thriving gaming ecosystem in the rapidly growing GameFi market. Investors who want to get in on the action can visit the MMG website and connect their Wallet Connect or MetaMask wallet to buy MEMAG using ETH or USDT.
Visit the Meta Masters Guild now
Rocket Pool (RPL)
Rocket Pool has been making moves in the crypto market lately, bucking the recent downtrend of many coins. Despite Bitcoin plunging below the $22,000 mark and other top cryptocurrencies facing losses, Rocket Pool continues to rally, registering a gain of 18.82% over the previous candle close.
This impressive performance can be attributed to the strong support from various technical indicators, such as the Relative Strength Index (RSI) and moving averages, both of which have been in an uptrend. The RSI, in particular, currently stands at 71.48, indicating that the bulls are in control of the Rocket Pool price.
Rocket Pool has had an excellent start to the year, peaking at $44.28 on February 2 and trading sideways for a week. On Thursday, Rocket Pool crossed this barrier with a gain of 18.82%.
Currently, Rocket Pool is trading at $46.21, a loss of 5.54% for the day. After reaching an intraday high of $56.60, the cryptocurrency faced selling pressure. Analyzing the 4-hours chart, Rocket Pool price is currently trading above the 20-day EMA, which could potentially act as its support in conjunction with the 50-day EMA.
Should RPL price continue to decline, it is possible that it may re-test the previous resistance area of $43.12 towards support at $43.83. The immediate resistance is the $50 psychological zone.
Fight Out: A New Era in Fitness Technology
The fitness industry is on the cusp of a major technological change, and to fight is at the forefront of this change. The platform combines cutting-edge technology in a move-to-earn (M2E) app and the gym community, creating a personalized and engaging workout experience.
What sets Fight Out apart is its incentive-based strategy and comprehensive fitness tracking tools that track more than just steps taken. The M2E app rewards users with REPS tokens for reaching their fitness objectives at home and in the gym, combining financial motivation with a competitive edge.
Fight Out’s upcoming gym is also a major advancement in the world of fitness. Equipped with advanced app-connected technology, including workout monitoring and real-time exercise guidance, these facilities provide a highly personalized workout experience. This blending of technology and customization is a significant development in the fitness industry.
Fight Out also has the support of renowned athletes including UFC fighter Amanda Ribas and former WBO middleweight champion Savannah Marshall, who will host educational events and raise the project’s profile in the fitness community.
Investors also have an opportunity to benefit from Fight Out’s potential for growth. Up to 50% bonuses are available for investments over $50K, and FGHT tokens have already generated over $4 million in presales, making them one of the best cryptos to buy today.
Lido DAO (LDO)
LDO is turning heads in the crypto space due to its impressive performance despite rumors of a staking ban.
The total LDO deposited in the staking pool is growing, giving more users the opportunity to become Ethereum validators and earn returns. Lido Finance’s hold on DeFi total value (TVL) also secures its top position in the market, with a current TVL of $8.02 billion according to defilamaas writing.
The LDO attempted to break out of the psychological resistance of $3 yesterday but the candle eventually closed at $2.6. The cryptocurrency is currently trading at $2.32 with a loss of 12.81% for the day. The 20-day EMA is currently lagging behind the price which may also act as a potential dynamic support,
Plotting an extended Fibonacci level from its most recent lows reveals price levels where the LDO may react. The LDO has retested both Fib 0.786 and Fib 0.382, where it recorded its respective intra-day low of $2.838 and intra-day low of $2.303.
If the LDO price manages to retest the current swing high of $3.028, the next possible target for the LDO is the Extended Fib 1.414 level at $3.487 with the psychological resistance of $3.50.
C+ Takes Charge of EV Market Innovation
Electric vehicle owners will soon experience a more seamless and informed charging process thanks to C+Charge’s advanced blockchain technology platform. Drivers have the opportunity to earn along with cost visibility Carbon Credit Crypto Through a rewards program.
With FlowCarbon, C+Charge is making carbon credits more accessible, offering EV drivers the opportunity to earn Goodness Nature Tokens ($GNT) for using the app.
The platform also benefits asset owners by providing energy consumption tracking during each charging session, ensuring that non-EV drivers are not charged for electricity used by EV charging, thus allowing private chargers encourages the establishment of
Starting from $0.013 USDT in its pre-sale, C+Charge is now set to rise in three steps to reach $0.02350, making it one of the best cryptos to buy today before its price rises.
Bitcoin Crypto Related Post