Stocks and crypto markets continued to slide this week as news from Fed Chairman Jerome Powell quashed any hopes of a rate cut in the coming year. Ethereum and bitcoin reversed 7% gains in the first week as risk assets looked to regain their footing following the Fed report.
Investors Took Notice When the Rhetoric Was Made FOMC meeting It looked as though the high rates would be in place through 2023 regardless of how the economic forecast played out. Investors are now paying more attention to interest rate changes and the economic outlook and we are likely to see increased market volatility in the coming weeks and months.
With this in mind, it is important for investors to diversify their portfolios across multiple asset classes, including altcoins both pre-sale and on charts that are looking good. 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, an upcoming move-to-earn (M2E) app and gym chain, has attracted the attention of multiple investors during its private sale, raising over $1 million in just 7 days. It is now continuing to gain momentum in its public pre-sale.
FightOut differs from other M2Es in a few key ways. Most importantly, FitOut integrates any fitness activity, not just steps taken. Additionally, you do not need to buy expensive NFTs; And with FitOut users are rewarded for staying healthy – not just for completing simple tasks like walking.
Other interesting approaches include using an avatar that is interactive and linked to the users’ in-app self. It includes aspects such as strength, muscle conditioning, cardiovascular performance and technique. Using social motivation, fitness will be prioritized for users, as it’s powered by a community where people can compete based on others’ real-life stats. As users achieve their fitness milestones, their avatars level up accordingly.
FightOut’s first gym is scheduled to open in late 2023 and will feature a health bar, studio and co-working space. The FightOut Ambassador program will feature pro boxers and other elite athletes who will promote the brand and run masterclass-like events. It will provide added value to customers beyond access to fitness facilities.
With pre-sale rewards of up to 25%, it is not surprising that large investors have been attracted to FightOut’s $FGHT token. FightOut is also backed by LBank Labs, Cryptonews.com, Transak and BlockMedia Labs, providing reliable support for logistics and finance to the project.
In just a few days, the project’s pre-sale has raised $1.8 million, showing its potential in 2023.
Open Network (TON)
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Following a staggering 54% rally in early December, TON has recovered to the EMA 20 support and has been consolidating above this level for the past few hours. Trading at $2.3795 at the time of writing, the cryptocurrency is down 3.4% for the day.
It is important for TON to hold the $2.24 level and the daily EMA 20 as it wants to continue its momentum and move further up. If the price successfully holds these levels, a move towards 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 trading is done. With its advanced features, Dash 2 Trade can be a good investment for those who want to take advantage of 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 to the way crypto is traded. With its advanced features, Dash 2Trade can be a good investment for those who want to choose their investments more wisely ftx collapse and other recent events.
Users need to purchase D2T tokens in order to access the features on Dash 2 Trade, which 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 prior to implementation. . Additionally, there is an auto-trading function that links into the exchange API, making it easy to test the success of the auto-trader.
Recently, Dash 2 went into its final phase of the trade token pre-sale, raising an impressive $9.9 million to date. In the near future, their pre-sale dashboard will be made available to the public as the development is currently premature.
Solana (SOL)
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After an unsuccessful attempt to breach $15, Solana has been declining over the past few hours and is currently down 1.27% for the day. Taking a closer look at the 4-hours chart, the price has bounced off EMA 100 to take temporary support at $13.90.
However, there is also Bearish MACD Crossover Works with the MACD line that is trending down and intersects with its signal line. Investors should pay careful attention to this indicator to watch for further developments.
If the price holds up, $15 is a short term target for SOL.
Calvaria (RIA)
Many popular blockchain games, such as Axi Infinity, have lost a lot of users in 2022. This spurred interest in the Web 3 gaming space for crypto investors to look for other options that may become more popular in the future. Calvaria, an upcoming NFT-based play-to-earn battle card game, could be one such option. The game’s creators hope to increase cryptocurrency adoption by providing a free-to-play version of the game that demonstrates to players how cryptocurrencies can add value to their gameplay.
$2.46M has already been raised by Calvaria, and only 21% of its pre-sale tokens remain before entering its final pre-sale phase.
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