After plunging 2.49% due to the Federal Open Market Committee’s interest rate hike, bitcoin has continued its decline and is now trading below $17,000, down 2.88% over the past 24 hours.
This bearishness has been attributed to both broader macroeconomic conditions as well as a series of adverse news that has hit the cryptocurrency industry over the past few weeks.
Testifying before Congress, Shared by Kevin O’Leary that FTX and its major rival, Binance, were to the point of attempting to put each other out of business. As a result of this “war”, FTX was eventually shut down and Binance became an unregulated global monopoly, according to The Shark Tank investor.
Then, last night, Binance CEO Changpeng Zhao (CZ) was asked during CNBC’s Squawk Box about the exchange’s ability to return the $2.1 billion payment it received after FTX pulled out of its funding round. CZ said that Binance is “financially fine” and deflected questions about BInance’s ability to pay back the $2.1 billion without a direct answer. This raised new concerns over the FTX clawback and speculation whether Binance might be able to return the money.
While the uncertainty surrounding the future of Binance has caused some people to jump on BNB and Binance, that doesn’t mean there aren’t other crypto investments to diversify your investment portfolio. In fact, bear markets are the best time to buy risk-on assets like cryptocurrencies, as long as one takes due diligence and only invests in projects with strong financial backing that will see them through the next bull run.
Here are five of the best cryptos to buy today based on strong fundamentals and/or favorable technical analysis:
Fightout (FGHT)
Move-to-Earn (M2E) app and gym chain FightOut has impressed many investors, raising over $2 million in just a few days. It continues to gain more traction during its public pre-sale, and has raised over $2 million to date.
Some of the key ways that FitOut differs from other M2Es are as follows: Most importantly, FitOut integrates any fitness activity, not just steps taken. Additionally, there is no need to buy expensive NFTs; With FightOut, users are rewarded for staying healthy – rather than just completing simple tasks like walking.
Other interesting approaches include using an avatar that is interactive and linked to users in-app. This includes attributes such as strength, muscular endurance, cardiovascular performance and technique. With a social motivation in mind, FightOut is powered by a supportive community where people can compete against others based on real-life stats. As users reach their fitness milestones, their avatars will follow suit and level up.
FightOut’s first gym is scheduled to open in late 2023 and will provide customers with access to fitness facilities, a health bar, a studio and a co-working space. In addition, the FightOut Ambassador Program will include pro boxers and other elite athletes who will promote the brand and run masterclass-like events. This will provide added value to customers beyond access to workout facilities.
With pre-sale rewards of up to 25%, FightOut’s $FGHT token is attracting large investors. And with backing from big names like LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs for logistics and finance support, FGHT is one of the top choices among the best cryptos to buy today.
Chile (CHZ)
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Chiliz has seen a strong price increase in its native token, CHZ, following the announcement of its new end-to-end mnemonic authentication service, GameUsed.com. The service will use embedded near-field communication (NFC) chips to authenticate and verify genuine items from game-wear shirts to matching tickets and trading cards for sporting organizations.
Alex Dreyfuss, CEO of Chiliz and engagement and rewards app Socios.com, announced this latest development on Twitter. Using NFC chips, fans and collectors can validate certificates of authenticity through a simple scan with their smartphone.
After experiencing an increase of nearly 10% on the 4-hours chart, the price recaptured the $0.148 resistance and recovered from the recent decline towards the $0.135 support. Bitcoin and cryptocurrency market. Traders should exercise caution entering positions at this time as the moving averages of the MACD are converging for a potential bearish crossover.
If the bounce from support is confirmed, however, traders can take a position to run the range. However, strict risk management is highly encouraged, and put stop loss Absolutely necessary.
Dash 2 Trade (D2T)
dash 2 business is an innovative analytics and social trading platform that has the potential to transform the way crypto is traded. With its advanced features, Dash 2 Trade could be a good investment for those who want to take advantage of the collapse of FTX and the increased caution from holders in light of recent events.
Users need to use D2T tokens to subscribe in order to access all the features on Dash 2 Trade’s platform. These features include trading signals, a pre-sale token scoring system, a listing alert system for upcoming coins, social sentiment indicators, and a strategy back-testing tool that allows users to test potential trading plans prior to implementation. gives. Additionally, there is an auto-trading function that links into the exchange API, making it easy to test the success of the auto-trader. With these many useful functions being available only through the D2T token, it creates demand for the token, something that will drive up the price of the token in the future.
Dash 2 Trade is currently in their final stages of their token pre-sale, and they have raised an impressive $9.9 million so far. Their pre-sale dashboard will soon be available to the public as their development is well ahead of time. With solid fundamentals and strong financial backing, D2T is definitely one of the best cryptos to buy today.
Lido DAO (LDO)
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After bouncing off the psychological resistance of $1, the LDO has gained 16.67%. The LDO was rejected from the descending trendline, and is now a symmetrical triangle pattern Could be in play for crypto. Trading at $1.092 as of writing, traders should wait for a breakout and retest from this trendline at $1.11 to $1.13 before placing positions for a possible continuation to the upside.
On the other hand, a symmetrical triangle pattern can be both a bullish and bearish continuation pattern – which means that traders should also anticipate a possible break of the lower trend line for continuation to the downside.
Calvaria (RIA)
The creators of Calvaria: Duels of Eternity have high hopes that their new NFT-based battle card game will help increase cryptocurrency adoption rates. The play-to-earn structure of the game allows players to earn rewards as they play, and by offering a free version of the game, players can discover how cryptocurrency can enhance their gameplay experience without investing any money. Can increase
NFTs can be bought and exchanged for RIA tokens in the game’s internal market. Those who own digital assets have control over the game’s Decentralized Autonomous Organization (DAO). Furthermore, the token can be staked by anyone looking to make more money passively.
$2.47 million has already been raised by the Calvaria pre-sale, and only 20% of the pre-sale tokens are left.
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