Cryptocurrency markets are broadly lower on Monday, with prices tracking risk-off flows in traditional markets amid concerns over how the worsening COVID-19 situation and rising civil unrest in China will affect the outlook for global economic growth. According to CoinMarketCap, bitcoin was changing hands just under 2.0% over the past 24 hours, while Ethereum was trading down 4.0% over the same time period. The total market capitalization of cryptocurrencies was about $775 billion, down about 2.0% on the day.
Traders continue to monitor the fallout from FTX’s sudden explosion and bankruptcy earlier this month. BlockFi, a long-beleaguered crypto lending/lending platform, is the latest domino to fall, having previously declared bankruptcy on Monday. Macro events will also be in focus this week, with several key US labor market and inflation readings due, which combined with various high-profile speeches from Fed policymakers, including Chairman Jerome Powell, on Wednesday could help inform the outlook. Fed policy in the coming quarters.
Traditional risk assets (such as stocks) have traded on the front foot in recent weeks on hopes that peak Fed hawkishness is gone and gone. However, the collapse of FTX earlier this month has largely prevented crypto prices from taking advantage of this upside. Here are some of the top cryptocurrencies for traders/investors to consider buying on Monday, November 28.
Dash 2 Trade (D2T)
Dash 2 Trade’s D2T token could be an interesting opportunity for crypto investors who want to get involved in a promising up-and-coming crypto trading project in the near future. The spectacular demise of crypto exchange FTX, Dash 2 Trade is a best-in-class crypto analytics and social trading platform that provides its users with unique social indicators, a presale analytical tool, a strategy backtesting tool, technical indicators and social trading.
With all these features, Dash 2 Trade can take the cryptocurrency trading space by storm. This could create a huge demand for the platform’s D2T token, which Dash 2 Trade users would need to purchase in order to gain full access to the platform’s features. D2T Token is currently in the third phase of its pre-sale and has raised over $7.35 million at the time of writing.
cello (celo)
CELO, the cryptocurrency that powers Celo’s mobile phone-centric blockchain, has pulled back aggressively in recent trading. CELO rose to its highest level since early September at $0.90 in earlier Monday trading. But the cryptocurrency has since recovered to a low of $0.60, where it lost more than 12% on the day.
But that still leaves Cryptocurrency, which is unique in how it uses its users’ mobile phone numbers as public wallet addresses in hopes of boosting crypto adoption, up 40 percent as of the beginning of last week. % is more. CELO got a boost recently as traders digested the recent news of CELO partnering with Metamask wallet developer ConsenSys.
One of the largest decentralized exchanges (DEX) of crypto, Curve Finance, is reported to have launched on the Celo blockchain. This is likely to facilitate significant flows in the ecosystem.
With CELO now trading back at $0.60 and down more than 30% from last session’s high, bulls may be tempted to buy the dip. Given the uniquely low barrier of entry for users to participate in the Celo ecosystem (their phone numbers can be used as the public addresses of their wallets), attracting partnerships within the crypto space Given the recent advances in blockchain, and its backing from major investors such as MIT, Stanford, Google, Vice, Harvard, Twitter and a16z, CELO is a strong candidate to do well in the next crypto bull market.
Robotera (Tarot)
Looking For New Opportunities For Cryptocurrency Investors As Big-Names In The Crypto Metaverse/Gaming Space Projects like The Sandbox and Decenterland Conflict With a low user count, RobotEra’s Tarot Token could be a good option. RobotEra is Cryptonews.com’s Top Pick Out gaming cryptocurrencyUsers are able to generate passive and active income in a number of ways.
RobotEra is currently in the first phase of selling its Taro tokens at a below market cap of $0.02 per token, and has already raised over $250,000.
Dogecoin (DOGE)
The dog-inspired meme coin, the favorite of the crypto community, is back under $0.10 after hitting levels of around 11 cents per DOGE coin on Sunday. Dogecoin was last changing hands in the mid-$0.09s, down nearly 2.5% on Monday, with risk-off macro flows resulting in widespread selling across the crypto space.
But the hype around cryptocurrency remains high. Tesla, SpaceX and Twitter CEO Elon Musk, who is a big fan of Dogecoin, fueled speculation among the Dogecoin community as early as last week. Musk released slides from an internal company meeting where he discussed his Twitter 2.0 plans, but left the “payment” part blank. Crypto users have been speculating that Musk might implement Dogecoin in some way in a future Twitter payment system.
While Dogecoin is currently down a little over 30% from its first monthly low of $0.07, it is down nearly 40% from its recent post-Musk Twitter acquisition high of $0.16. This suggests that there remains significant room to move forward in cryptocurrency, should Musk indeed announce something regarding Dogecoin and Twitter Payments. Dogecoin bulls looking to buy the dip may find the current sub-$0.10 level attractive to add to their positions.
IMPT
Amidst the rise in popularity and importance in recent years of environmentally and socially friendly investing, investors looking for a green cryptocurrency should consider IMPT Token. IMPT.io has partnered with thousands of the world’s largest retailers to help offset their carbon footprints and allows users to trade carbon credits.
IMPT Tokens are currently in their second part of the pre-sale. Over 700 million tokens have been sold to date, with IMPT raising over $13.3 million.
Bitcoin Crypto Related Post