The broader cryptocurrency markets were in consolidation mode on Wednesday as traders await the release of the last major batch of US economic data later this week, including the closely watched PCE inflation report by the US Federal Reserve. The Fed’s aggressive rate hike in 2022 to combat the hot US inflation is cited by analysts as the main reason for the 2022 crypto bear market.
Bitcoin last changed hands at $16,800 and was largely flat on the day, meaning it held on to the bulk of Tuesday’s gains that saw it rebound from the $16,400 area. But technicians remain pessimistic about the world’s largest cryptocurrency by market capitalization, with the potential for another rally after it found resistance at its 21-day moving average (at $17,050) on Tuesday. Meanwhile, Ethereum is also consolidating under the $1,210 resistance, while the broader cryptocurrency market cap is little changed near the $770 billion level.
Cryptocurrency markets have underperformed in the final months of 2022 and the Fed refuses to budge from its hawkish stance that interest rates need to remain at deeply restrictive levels for some time, for a recovery in early 2023. The outlook isn’t great. Thus investors can look for some such options which can be able to generate profits fast. Here is a list of some cryptocurrencies to consider 21scheduled tribe December’s
FightOut (FGHT) – Presale Now On
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that, so far, have prevented them from conquering the mainstream. FightOut, which bills itself as the future of move-to-earn, wants to change that in 2023. FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing for the first time. -The fitness metaverse of its own kind.
While existing M2E applications such as STEPN only track steps and require expensive non-fungible tokens (NFTs) to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity , and it doesn’t require any costly buy-in to participate. FightOut attempts to merge the physical and web3 worlds.
The project aims to eventually have gyms in all major cities around the world, as well as promote a unified Web3 fitness experience. At the heart of FightOut’s digital ecosystem will be its smartphone application, which is scheduled to launch in the second quarter of 2023, according to FightOut’s whitepaper.
The FightOut app will use smartphone and wearable technology to measure and track physical performance. The app will have its own in-house token economy, where users can earn rewards for completing M2E tasks, and mold their own soul-bound token avatars, through which users can interact with the FightOut Metaverse. Will be able
FGHT is the token that powers the FightOut Metaverse ecosystem. Users will pay to enter competitions and leagues with FGHT, and winnings will be paid in FGHT. FGHT can also be used in peer-to-peer fitness bets. FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to act fast to secure their tokens, with over $2.25 million already in pre-sale in just a few days Have gathered FGHT is the token that will power the FightOut crypto ecosystem.
Trust Wallet Token (TWT)
TWT, the native cryptocurrency that powers the ecosystem of cryptocurrency wallet Trust Wallet, launched last month to record highs in the $2.70 per token region in the wake of the FTX-collapse. This is because the collapse of centralized exchanges bolstered the case for crypto self-custody, a service provided by Trust Wallet, after exchanges experienced record outflows.
However, profit-taking has seen TWT decline by about 43% since its failed attempt to break out of its November peaks earlier this month. TWT/USD was last changing hands in the $1.55 area. So is all hope lost? not enough.
The technicals for TWT/USD are still looking bullish. For one thing, the cryptocurrency has recently found strong support in the form of a long-term uptrend that has been in play since May. Meanwhile, the support at the $1.55 area appears to be holding for now. A return to the record high of $2.70 looks like it could be on the cards.
Dash 2 Trade (D2T) – Pre-sale enters final phase
Those looking to invest in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The upcoming analytics and social trading platform is expected to take the crypto trading space by storm with several unique features. These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and strategy back-testing tools.
Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to access the platform’s features. Dash 2 Trade is currently conducting a token pre-sale at deeply discounted rates and sales recently exceeded $10.5 million. The pre-sale dashboard is going to be released soon, currently the development team is running ahead of schedule. The tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges within a month.
Axi Infinity Shards (AXS)
Axie Infinity Shards, otherwise known as AXS, which serves as the in-game currency of the P2E non-fungible token battle game Axie Infinity, have found support on an uptrend that sets the stage for some near-term upside. Can do. The bulls will be eyeing a possible retest of the $7.50 area as resistance in the form of the 21 and 50-day moving averages, which could open the door for a potential push towards a retest of $10. However, if the current support level is broken, AXS could easily retrace to the yearly low of $5.70.
C+Charge (CCHG) – Pre-Sale On Now
Carbon credits estimated to be worth the industry $2.4 trillion by 2027, Democratic access to reap these benefits is going to drive massive business in the coming years and it is expected to gain some crypto start-ups the C+ charge. C+Charge is currently building a blockchain-based peer-to-peer (P2P) payment system for EV charging stations that will allow drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to promote the role of carbon credits as a key incentive for the adoption of EVs. Currently, large manufacturers of electric vehicles such as Tesla make millions by selling carbon credits to polluters. C+Charge seeks to democratize the carbon credit market by allowing more of these awards to find themselves in the hands of EV owners rather than just large businesses.
C+Charge has just launched its pre-sale of CCHG tokens that its platform will use to make payments at EV charging stations. The tokens are currently selling for $0.013 each, although this will increase by up to 80% by the end of the presale. As such, investors interested in getting into the early stages of an eco-friendly cryptocurrency project should act fast.
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