The cryptocurrency market is trading in the green today in a relief rally after intense volatility earlier this week. The total market capitalization has increased by nearly 4% in the last 24 hours to around $914 billion, according to CoinGecko. The bullish sentiment has investors looking for the next best coins.
Crypto prices rally higher
The market sell-off triggered by the shocking news of FTX’s insolvency has paused. The recovery started on Thursday after two days of markets trading in the red zone. Bitcoin has gained by 3.3% in the last 24 hours, trading at $17,426 at the time of writing. Ether is also up 6% to trade at $1,282.
All the top-ten largest cryptocurrencies by market cap are trading in the green today, with the biggest gainer being Polygon (MATIC), which has gained 15% in the last 24 hours to trade at $1.08.
The FTT token, which collapsed amid the negative news surrounding FTX, has also gained slightly in the last 24 hours to trade at $3.28. FTT has plunged by around 86% in seven days. Solana is also up by 22% over the past day to trade at $17.
Positive CPI data triggers relief rally
Cryptocurrency prices jumped as soon as the CPI data was released. The data showed that US inflation had eased in October. This triggered hope that the price pressures could be easing.
All asset classes, including crypto, rallied yesterday as the 7.7% inflation rate for October raised speculations that the Federal Reserve would slow down interest rates.
Nevertheless, crypto traders are still closely monitoring the market as more details into the FTX and Alameda situation emerge. The extent of the damage that this situation will cause remains unclear. However, after crypto lending firm BlockFi announced halting withdrawals, ripple effects are already felt.
Three coins to buy during market uncertainty
Even though there is uncertainty about where crypto prices will head in the coming days, the below coins on presale are the best cryptos to invest in today.
Dash 2 Trade (D2T)
Dash 2 Trade is a highly publicized crypto signals trading platform that will debut during the first quarter of 2023. The platform will improve the crypto trading experience by giving investors market-driven insights to help make informed investment decisions.
The project’s development team says it will be like a trading terminal for cryptocurrencies. It will automate trading processes, optimize trading methods and provide retail traders with information that was only previously exclusive to professional investors. The D2T presale has raised more than $5.9 million.
Another project with huge upside potential is RobotEra. This one plans to transform the blockchain and metaverse worlds. The presale for TARO has only just started. Stage one is now live, and it is selling out fast.
This project aims to develop a metaverse where users can create avatars and seek adventures across the digital space. Players within the game can access several real-estate options and have a chance to grow their worlds.
Visit the Calvaria presale today and have a chance to make significant gains as an early investor in this project. Calvaria is a new blockchain-based game that could end up dominating the play-to-earn space.
Calvaria developers are focused on boosting the adoption of Web3 games by removing the barrier to entry for those with little or no crypto knowledge. The Calvaria presale is in stage four out of ten. The presale has already raised over $1.67 million.
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Dash 2 Trade - New Gate.io Listing
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