The big news this week in the crypto space is that on Wednesday it was reported that Sam Bankman-Fried (SBF) will be produced before Manhattan federal court on January 3, 2023. It is the latest development in a string of events leading to his arrest by Bahamian authorities on 12 December, which was followed by his extradition to the United States.
US federal regulators and prosecutors are bringing forward a total of eight criminal charges Bankman-Fried, His previous partners, Gary Wang and Carolyn Ellison of FTX and Alameda Research respectively, have already pleaded guilty to crimes such as securities fraud and money laundering. To great dismay from the crypto community, Bankman-Fried was posted a $250 million bail to live with her parents in Palo Alto while wearing an electronic monitoring bracelet.
Meanwhile, nothing else is happening in the markets, with trading activity relatively subdued over the holidays.
How will the price of bitcoin move today?
,
After its rejection at $16,900 FIB 0.5 confluence with the daily EMA 20 level, bitcoin is now trading near FIB 0.618 at around $16,636. With the 2% drop in the last two days increasing the selling volume, traders need to be extra careful while taking positions in between these conditions.
If bitcoin price holds the support area between $16,400 and $16,600, the next possible support is around $16,100, which also acted as support on November 28-29.
Bitcoin’s meteoric rise over the past few years has made it an attractive investment option, and many investors recommend keeping a good portion of their portfolios in the digital asset – but there are other cryptos backed by credible projects and teams that are worth a bigger deal. Present. Even more profit potential in the next bull run.
in the middle crypto market Volatility and Uncertainty Investors Should Think About diversify their portfolio Incorporating both high cap and up and coming cryptocurrencies with strong fundamentals.
Here are five cryptos to buy today based on strong fundamentals and/or technical analysis.
Fightout (FGHT)
FightOut m2e’s upcoming app and fitness chain has attracted the attention of a number of investors, who have already raised $1 million during its week-long private sale. Unsurprisingly, the project continues this success with impressive pre-sales of over $2.5 million to date.
FitOut is one of the other M2E apps that boasts a variety of features, but its most notable capability is the integration of any type of physical exercise – not just steps taken. Users don’t need to break the bank to buy expensive NFTs in order to use this app; Instead, they can get rewards for staying healthy, beyond simple activities like taking a walk.
By linking a user’s performance to their real-time avatar, FightOut will offer detailed monitoring of a user’s progress on fitness factors such as strength and cardiovascular endurance. And by enabling users to compare progress with others on the app, social motivation will help them stick to their goals. Another interesting part of the app is that when users reach their goals in reality, their character’s level will also level up.
In Q4 2023, FightOut will launch its inaugural gym with the ambition of providing customers with high-end and state-of-the-art equipment as well as other services. Studios for rent, a health bar, and a co-working area are just some of the amenities patrons can expect. To further add to the experience, FightOut will boast of an ambassador program offering exclusive masterclasses and one-of-a-kind events with some of the world’s top boxers and renowned athletes.
Large investors flock to the FightOut $FGHT token because of the innovative platform and solid team, as well as impressive presale bonuses of up to 25%. With key partners such as LBank Labs, Cryptonews.com, Transac and Blockmedia Labs providing financial and operational support to W, the project is all set for an incredible launch.
Internet Computer (ICP)
,
After closing the previous day’s candle with a gain of 3.21% and an increase in volume, Internet Protocol has maintained its bullish momentum today as it is currently attempting to move above $4. psychological resistance,
ICP is currently priced at $4.07 at the time of writing with the RSI at 52.59 – a potential bullish indicator. The MACD is also showing a bullish crossover with a healthy rising divergence between the MACD line and the signal line.
If the price successfully breaks $4, the next possible target is the FIB 0.618 level at $4.138, which is combined with the daily EMA 50 for a potential 3% move.
Dash 2 Trade (D2T)
Dash 2 Trade has created a revolutionary analytics and sentiment tracking platform that could revolutionize crypto trading. Loaded with unique features, their system also appeals to the existing Learn2Trade community to provide investors with an incredible opportunity to capitalize on the aftermath of the FTX collapse – as traders search for solutions that will deliver similar results in the future. Will protect them from
Members of Dash 2 Trade’s platform gain access to trading signals, list alerts for upcoming coins and social sentiment indicators. They can also benefit from a pre-sale token scoring system and a strategy back-testing tool that allows traders to simulate different strategies and then execute them in the market with automated trading. The auto-trading feature is integrated with the Exchange API which means they can track their success rate and adjust the parameters accordingly. Additionally, advanced data analysis is provided through interactive charts and graphs that break down performance metrics into understandable visuals for better decision making.
These features are designed to help traders make more informed decisions, while reducing the level of risk associated with cryptocurrency trading by allowing them to stay updated on market conditions, accurately analyze trends and based on historical data. It helps in forecasting future prices. With all these tools at their fingertips, traders will have the confidence to make well-informed investments based on smart strategies tailored to their individual needs.
As Dash 2 Trade nears the end of its token presale, it has raised $11.4 million in funding to date. The development team behind Dash 2 Trade has announced that their platform will be available soon as development is ahead of schedule. Its first exchange listing is scheduled to happen on January 11.
quant (qnt)
Quant (QNT) seeks to provide an infrastructure for digital interconnection using blockchain, paving the way for blockchain technology to revolutionize some of the world’s largest industries, such as finance, healthcare and energy.
Companies such as Oracle have announced their commitment to using Quant (QNT) technology in their blockchain solutions, giving additional credibility to the project.
,
after an increase in fast speed For the first two days of the trading week, QNT closed the previous day with a loss of 3.84%, FIB returned to the level of $108.8 at 0.236. At the time of writing, the price of QNT is $112.
For the crypto to sustain its bullish momentum, the price must sustain above the FIB 0.236 level. Should it manage this, $113 to $117 is the next potential resistance zone, while the next important support can be found at $104 if the FIB 0.236 fails to hold.
C+ charge (CCGH)
Join the C+Charge public pre-sale and be part of the revolution to make EV charging easier, more accessible and transparent for electric vehicle drivers. This peer-to-peer payment system focuses on making it easy and transparent for EV owners to charge their vehicles while unlocking access to carbon credits.
The EV industry is currently facing several issues such as insufficient charge points, complicated pricing schemes and insufficient information. C+Charge Network uses blockchain technology to overcome these problems and establish a mandatory connection between electric vehicles and independent charge points.
With the C+Charge app, electric vehicle drivers can easily find and plan charging costs at trusted charge points with transparent pricing. Plus, users will earn carbon credit rewards for using the app.
C+Charge’s pre-sale is offering tokens starting at $0.013 USDT. The price will rise during 4 phases, reaching $0.02350 in the last phase. 40% of the total 1 billion tokens are available for public pre-sale.
Bitcoin Crypto Related Post