Traders were disappointed this Christmas when the markets did not experience the long-awaited Santa Claus rally that sometimes accompanies the Christmas season. of bitcoin The volatility index hit a record low on December 25, setting a weak tone for holiday trading.
It is believed that the absence of the rally was partly due to Fear, Uncertainty and Doubt (FUD) Centralized exchanges around this year. Many investors in risk assets are also sitting to see how big 2022 is Rising interest rates and an impending recession play in the weeks and months to come.
while cryptocurrency market Not feeling particularly hot at the moment, Tremendous growth potential still exists in 2023, With that in mind, here are some promising altcoins that have the potential for near-term gains or further growth in the near-year based on strong fundamentals, promising technical analysis, or both.
Fightout (FGHT)
The upcoming FightOut m2e app and gym series has attracted investors, who raised more than $1 million during its week-long private sale. The success of the project has been incredible as it continues to garner even more support with impressive pre-sales of over $2.44 million to date.
FightOut differs from other M2E apps with several features, but the most prominent is its ability to integrate any type of physical exercise – not just steps taken. Furthermore, users do not need to break their budget by buying expensive NFTs to use this app; Even better, they are rewarded for leading a healthy life rather than just for activities like walking.
FightOut is revolutionizing fitness tracking with new features, such as an interactive avatar connected to users’ physical performance in real time. This includes monitoring strength, cardiovascular endurance, and muscular strength. FightOut will offer a vibrant online community where users can compare their progress with that of others in the app. And when users reach their goals in reality their avatars will level up too.
In late 2023, FightOut’s flagship gym will open its doors to customers with the promise of state-of-the-art equipment and services. Health bars, studios to rent as well as a co-working area are just some of the amenities that patrons can expect in return for their membership fee. In addition, FightOut also has an ambassador program, where elite boxers and other world-renowned athletes will offer masterclasses and host special events.
FightOut $FGHT token is attracting attention from major investors with pre-sale bonuses of up to 25%. With strategic partners such as LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs providing both financial and operational support – the project has all the ingredients needed to be a resounding success upon launch.
Internet Computer (ICP)
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Over the past week, Internet Computer has seen an increase in upward momentum since a bullish engulfing candle on December 20. Currently, ICP is trading at $3.886 – up 1.30% from yesterday and up 4.61% from the time the pattern originated.
plotting a reverse fibonacci retracement Its recent swing back reveals areas that could act as potential resistance to this current trend.
At the time of writing, the price has climbed to an inverse FIB level of $3.840 at 0.382, which coincides with the daily EMA 20. In order to sustain this trend, it is important to maintain this vital area.
It appears that the FIB 0.5 level of $3.98 could be the next potential resistance point. Additionally, the price is in line with a psychological resistance at $4 and previously acted as a support from December 13 to 14.
As the price approaches the important level of RSI 50, a rejection is possible from the RSI and FIB 0.5 level. Traders are advised to wait for a confirmed breakout from $4 before entering the trade or manage risk with tight stop losses if a breakout is anticipated.
Dash 2 Trade (D2T)
dash 2 business has designed a groundbreaking trade analytics and social sentiment tracking platform that could revolutionize crypto trading. By providing a range of innovative features as well as bringing in users from the existing Learn 2 Trade community, Dash 2 Trade presents a remarkable opportunity for investors to profit financially. The Fall of FTX– As traders demand for such tools that will prevent them from falling prey to such evils in future.
By unlocking the full capabilities of Dash2Trade’s platform with a subscription using the D2T token, traders can receive trade signals, list alerts for upcoming coins, and social sentiment indicators. Additionally, they will benefit from a pre-sale token scoring system and a strategy back-testing tool that allows them to test potential strategies before executing in real time. The auto-trading feature makes it easier than ever to follow these strategies as it connects directly to the exchange API, allowing traders to track their success rates and adjust trading parameters accordingly.
Dash 2Trade is making waves as it inches closer to the completion of its token presale, accumulating an impressive $11.2 million in funding along the way. The Dash 2 Trade development team has also announced that they are ahead of schedule and the release of the platform is imminent. The first listing of the token is scheduled for January 11.
Binance Coin (BNB)
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binance, World’s largest cryptocurrency exchange by volume, has seen a skyrocketing number of withdrawal requests in recent weeks. It is no secret that Binance is fighting against the money laundering news and bankruptcy rumors that are spreading on Twitter and other social media platforms.
Changpeng Zhao, CEO of Binance User concerns addressed Recently on Twitter, claiming that the recent increase in FUD (Fear, Uncertainty and Doubt) has nothing to do with reality. Meanwhile, BNB holders have hailed a recent email sent from Zhao to Binance customers, where he attempted to reassure them about the security of their crypto assets within the Binance platform.
Trading sideways with declining volume for the last 10 days, the price of Binance Coin is trading at $243.7 as of writing and trading inside the important support area of $243 to $247.
Taking a look at the leading indicators RSI and MACD, it is currently trading at RSI 38.52 – RSI consolidating below the crucial level of 40. Still early, the MACD appears bullish as confirmed by the green candles for the last two. Day. Combining this with the fact that volumes have been steadily decreasing over the past week, a move could be in store for BNB.
The next major resistance level is the daily EMA 20 which could possibly coincide with the $251 to $254 resistance area from December 18 to December 20.
C+ charge (CCGH)
Join C+Charge’s public pre-sale and be a part of their campaign to revolutionize EV charging by making carbon credits more accessible to electric vehicle drivers. This peer-to-peer payment system focuses on simplifying the charging process for EV owners, making it easy and transparent to charge their vehicles.
The EV industry currently struggles with a shortage of charging stations, complex pricing schemes and limited information. C+Charge Network uses blockchain technology to bridge the gap between EVs and independent charge points. To make it easier for drivers to locate their nearest charge point, the C+Charge app will show users reliable charging options at a transparent cost, while users will also earn carbon credit rewards when they pay the fee. With this powerful tool in hand, EV drivers will have the ability to easily find charging stations and plan for charging costs, enabling a new level of convenience and making it easier than ever to switch to an electric vehicle.
Take advantage of the C+Charge presale now to buy tokens starting at 0.013 USDT. The price will continue to rise in four phases, eventually reaching its maximum cost of $0.02350 in phase 4. 40% of the total 1 billion tokens are available for the public pre-sale.
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