Cryptocurrency markets have taken a knock, with total market capitalization plunging by $30 billion or 3.0% on Friday in the wake of hotter-expectations. US Core PCE The inflation report raises the risk that the US Federal Reserve moves interest rates to near-term highs. As per the latest report, both MoM and YoY price pressures unexpectedly increased in January to 0.6% and 4.7% respectively.
Bitcoin was last changing hands around $23,100, while Ethereum It was last flirting with a break below the $1,600 level. As the latest US inflation data increased their Fed bets for this year as a result, currency markets are now pricing in about 25½ bps hikes over the course of the next four Fed meetings.
If they are able to overcome macro headwinds, blue-chip cryptocurrencies like bitcoin and ethereum could do very well this year. But investors can often get better returns by investing in altcoins, which while being more volatile, have more upside potential.
Here is a list of some altcoins investors should consider adding to their portfolio, including some altcoins that have been trending recently and pre-sales by promising, up-and-coming crypto start-ups. Assortment of tokens being sold in
Fight Out (FGHT)
Fight Out is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing in a first of its kind fitness metaverse.
While existing M2E applications such as STEPN only track steps and require expensive non-fungible tokens (NFTs) to participate, Fight Out takes a more holistic approach to tracking and rewarding its users for their exercise and activity. is, and does not require an expensive buy-in to participate.
Fight Out is currently conducting a pre-sale of FGHT tokens that will power its Web3 ecosystem and has already raised over $4.6 million. The token is set to be listed on centralized exchanges in April at $0.033 per token.
Investors should act quickly because if they secure the tokens now, they could be sitting on paper gains of around 40% by the time crypto tokens are listed on exchanges in early Q2. Investors should be aware that depending on how many tokens they buy and how long they choose to vest them, they can receive a bonus of up to 67%.
Investors can also receive an additional 5% bonus on all tokens purchased by those using the referral link. Fight Out is also giving away $250,000.
IOTA (IOTA)
IOTA, the cryptocurrency that powers the Internet of Things-focused IOTA blockchain, continues to trend higher as traders get excited about a series of major upcoming upgrades to the network this year.
IOTA/USD was last changing hands above $0.25 per coin, well above all of its major moving averages and still in a strong uptrend for the year. As long as IOTA can stay above the support in the $0.24 area, it is likely to continue moving towards $0.30.
Metropoli (METRO) – Over 50% of the minimum target is now raised
Metropoli has an ambitious goal – to transform the real estate market by democratizing access to real estate investment. How? By creating the world’s first marketplace for real estate non-fungible tokens (NFTs).
And these NFTs are not just digital real estate in some metaverse. These tokens represent a real ownership stake in a real property, which Metropoli will also be renting out so that owners can earn a passive income.
Metropolis is currently conducting a presale to fund its ongoing development and recently reached 54% of its minimum goal of raising $1 million. Start-up has already issued beta version Its platform, which already looks great and is proving to be very popular.
The barriers to traditional real estate investing around the world are huge. Metropoli hopes its platform can level the playing field, where investors will be able to own a property with as little as $100. Pre-sale investors should note that there’s a chance to win a portion of Metropolis’ massive, industry-leading $1 million.
Visit Metropoli’s presale here
Synthetix Network (SNX)
SNX, the token that powers the decentralized asset insurance protocol Synthetix Network, has also been trending higher in recent weeks and, like IOTA, is also above all of its major moving averages. SNX/USD was last changing hands in the $2.60s, having recently made a strong comeback from its 50 and 200 DMAs into the upper-$2.30s. A near-term retest of the recent high of $3.0 seems likely.
C+ charge (CCHg)
C+Charge is building a revolutionary new blockchain-based peer-to-peer (P2P) payment system for EV charging stations that will allow drivers of electric vehicles (EVs) to earn carbon credits for the first time. C+Charge aims to promote the role of carbon credits as a key incentive for the adoption of EVs.
C+Charge wants to democratize the carbon credit market and allow more of these rewards 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 $0.017 each, although this will increase by up to 60% by the end of the presale.
Investors interested in getting in on the early stages of a promising eco-friendly cryptocurrency project should act fast, with the project having already raised over $1.5 million and already entering its second phase. Already happened.
Investors should also be aware that C+Charge is organizing a generous $50,000 giveaway and recently also decided to implement a burn mechanism to ensure that the crypto token is deflationary.
Bitcoin Crypto Related Post