Cryptocurrency markets are coming under widespread pressure on Thursday US stock markets fall This comes in the wake of a series of strong US data releases that are likely to undermine confidence in the US Federal Reserve that the US economy can handle its policy of aggressive interest rate hikes. Bitcoin According to CoinMarketCap, was down about 1.0% over the past 24 hours, while Ethereum was down a little over 2.0% over the same time period.
The Fed’s aggressive message at its meeting last week poured cold water on the prospect of any year-end “santa rallyin cryptocurrency markets. As a result, the short-term outlook for year-end and early 2023 remains bearish, with bitcoin more likely to test recent lows in the low $16,000s versus recent highs in the $18,000s in the near term. came back. Thus investors are looking to diversify their cryptocurrency holdings into coins that may offer better near-term potential. Here is a list of cryptocurrencies to consider.
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 $2.28 million already in pre-sale in just a few days Have gathered FGHT is the token that will power the FightOut crypto ecosystem.
Luna Classic (LUNC)
LUNC, the native token that powers the original and now largely defunct Terra blockchain, has recently found decent support at the $0.00012 support area. As a result of ongoing support, LUNC is one of the better-performing cryptocurrencies in the top 100 by market cap on Thursday, and was up more than 2.5% over the past 24 hours.
But for now, its upside potential is limited due to its decline from the September highs in the $0.0006 area. But should this decline break, LUNC could see rapid gains. For example, the bulls would be eyeing a bullish move towards the $0.0002 area, which represents a 50% rally from the current levels.
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 is about to exceed $10.5 million in sales. 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.
Ethereum Classic (ETC)
ETC, the native token that powers the original, unforked Ethereum blockchain that still runs using a proof-of-work consensus mechanism, is another cryptocurrency that has gained momentum in recent days due to increased trading volume since mid-December. something is attracting attention. Last Wednesday and Friday, volume reached its highest level since the FTX-collapse induced volatility in early November, with similar suggestions that whales may be buying the dip.
ETC was last changing hands around $16 per coin, with the cryptocurrency still locked in a downtrend channel that has been in play since September. But the bulls will be hoping that in the coming weeks, ETC might break out of this trending channel to the upside and retrace the cryptocurrency from its 21 DMA to $18. Traders feel that such a break will open the doors for a bullish rally to the 200DMA between the $25 and $26.50 balance areas.
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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