despite a Temporary experience for macro trading positions And as stock, bond, commodity and currency market traders tread the water ahead of a key speech from Fed Chairman Jerome Powell and the release of key November US jobs data on Friday, cryptocurrency markets are rallying. Bitcoin It traded higher in the upper $16,000 by about 2.5% on the previous day, broke above its 21-day moving average (DMA) and extended its gains from the previous monthly low to about 8.5%.
However, the world’s largest cryptocurrency is still trading down nearly 20% from its pre-FTX crash level of $21,000. Here are some altcoins investors should consider to shake up their crypto portfolios.
Dash 2 Trade (D2T)
Those looking to invest in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up and coming analytics and social trading platform is expected to take the crypto trading space by storm with its 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 highly discounted rates. The D2T token sale recently passed $7.5 million and the sale will soon enter its fourth phase, which will see the token pre-sale price increase from $0.0513 to $0.0533.
Phantom (FTM)
FTM, the native token that powers Phantom The blockchain, which has jumped nearly 10% on Wednesday and was last changing hands at $0.23, is now up nearly 33% from its previous weekly low in the $0.178 area and nearly 45% from its first monthly low of $0.16. The cryptocurrency is gaining momentum from a broader rally in the crypto markets, as well as ongoing optimism about a recent positive update From one of the main developers and consultants of the project.
FTM’s latest rally sees it breaking north of its 100 day moving average below $0.23, opening the door for a higher push towards the 200DMA near $0.2750. Beyond this level, traders are focusing on a possible test of the upper boundary of a trend channel that has been capping the FTM price action since May. A break above this bearish trend line could open the doors for a push higher towards the next key area of resistance near the $0.40 level.
Robotera (Tarot)
Robotera is an early stage sandbox-style crypto metaverse project that hopes to emulate the likes of Decentraland and The Sandbox with better graphics and a more gamified experience. The Robotera metaverse will feature a variety of different play-to-earn and player-versus-player games.
Just days after launching its pre-sale of Taro tokens, which will power the in-metaverse economy, Robotera has already raised close to $300,000. Once Robotera raises the $1.8 million, the price of TARO tokens being sold will jump from their current $0.020 level to $0.025, so interested investors are encouraged to get in on it early.
Ethereum (ETH)
ETH, the native token that powers the Ethereum blockchain, was last trading on the day with gains of nearly 4% this Wednesday, with ETH/USD stalled at $1,260. Its gains from the previous weekly low in the $1,150 area are roughly 10%, and gains from the previous monthly low at $1,100 are roughly 18%.
Ethereum’s rally comes amid broader reversals in the crypto space as traders’ confidence returned following the collapse of FTX earlier in the month. The latest move has seen ETH rally to its highest level since the middle of the month and cross its 21DMA. However, Ethereum remained below its 50, 100, and 200 DMA and is in a negative trend channel, which suggests that its medium-term upside may still be limited.
Cavalleria (RIA)
Major blockchain-based games such as Axis Infinity have lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an emerging play-to-earn battle card crypto game, could be a good option. Calvaria seeks to promote crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Cavalleria’s RIA token pre-sale. Calvaria has now raised $2.15 million and is in the final stages of its fundraising process. Only 30% of the pre-sale tokens remain up for grabs.
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