Trent Rhode
The cryptocurrency market experienced a widespread sell-off on Thursday as the U.S. Securities and Exchange Commission (SEC) imposed a fine on the Kraken exchange. This regulatory action sparked concerns that regulators may take a tougher stance on cryptocurrency trading, further fueling investor worries about macroeconomic trends that include rising interest rates and a recession. With this backdrop, what are the best altcoins to buy today?
Kraken’s on-chain staking services for U.S. users were shut down on Thursday to settle charges from the SEC. The SEC stated that two Kraken subsidiaries failed to register the offer and sale of their staking programs and that the exchange had agreed to pay $30 million to settle the charges.
As a result of this sell-off, Bitcoin saw a 5.09% drop to close Thursday’s trading session. Meanwhile, Ether saw a 6.39% drop, trading at $1,545 and logging a 5.53% weekly loss. Other top 10 non-stablecoin cryptocurrencies, such as Solana, saw even bigger losses, with SOL experiencing a 11.80% drop and a 16% weekly loss.
Today @SECGov charged Kraken for the unregistered offer & sale of securities thru its staking-as-a-service program.
Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries must provide the proper disclosures & safeguards required by our laws.
— Gary Gensler (@GaryGensler) February 9, 2023
SEC Chair Gary Gensler stated that the Kraken action should make it clear to the marketplace that staking-as-a-service providers must register and provide full, fair, and truthful disclosure and investor protections.
Amidst recent regulatory pressures that have caused cryptocurrency prices to fall, investors should reassess their portfolios in order to discern growth opportunities. Acquiring tokens from early-stage presales could be a wise decision for those looking for the most profitable altcoins to invest in.
MEMAG, RPL, FGHT, HBAR, CCHG, NEO, and TARO might be worth looking at and are some of the best altcoins to buy today based on technical and fundamental analysis.
Game On for Meta Masters Guild’s Web3 Gaming Guild
The Web3 gaming scene continues to gather momentum, and Meta Masters Guild (MMG) is poised to play a significant role in this exciting and rapidly expanding sector.
The “Web3 gaming guild” and mobile gaming ecosystem’s presale of its MEMAG token has generated a lot of interest, with almost all of stage 6 having been sold. The final stage of the presale will see the price of MEMAG tokens rise from $0.021 to $0.023, reflecting a 228.6% increase from the original presale stage.
The company’s partnership with leading game studio Gamearound has raised anticipation for the launch of the first Meta Kart Racers in Q3 2023. Gamearound CEO Gideon Clifton has hinted that the playable version of the game will offer a complimentary NFT character and kart for players to try.
The #MEMAGFAM community has achieved an amazing raise of $3.8 million!
The support shown has been truly stunning ❤️ Thank you so much!
If you haven't yet, then make sure to join the #MEMAGFAM family.⚔️⬇️https://t.co/SBqVjX5mWn#Presale #P2E #Play2Earn pic.twitter.com/bECr85qfMR
— Meta Masters Guild (@MEMAGgames) February 10, 2023
Meanwhile, Non-fungible tokens (NFTs) will allow gamers to own parts of the games they play, and the creation of a native NFT marketplace will enable users to trade NFTs, similar to the successful CS:GO skin market.
MEMAG will serve as the means of settlement throughout the ecosystem and will also have governance and staking features, making it a valuable coin to hold.
With the GameFi market predicted to grow to $104.5 billion by 2028, the Meta Masters Guild’s interactive metaverse is looking to capture a piece of that pie.
The company’s focus on truly entertaining games over crypto gimmicks sets it apart from other play-to-earn platforms.
With a clear roadmap and high potential for a successful launch, Meta Masters Guild will likely become a thriving gaming ecosystem in the rapidly expanding GameFi market.
Investors who want to participate in the presale can visit the MMG website, connect their Wallet Connect or MetaMask wallet, and purchase MEMAG using either ETH or USDT. With an innovative idea, a strong team, and high investor interest, MEMAG is one of the best altcoins to buy today.
Rocket Pool (RPL)
Rocket Pool’s RPL token has been recording impressive gains in the market lately, with a 6.7% increase in the last 24 hours. This comes at a time when the crypto market has generally been performing poorly, with Bitcoin trading below the $22,000 mark and other top-cap cryptocurrencies also experiencing losses.
The recent uptrend of Rocket Pool can be attributed to the strong support it received from various technical indicators. For instance, the Relative Strength Index (RSI) and the Moving Averages were in favor of an upward trend, with the RSI reaching a strength of 61.91, indicating that buyers were in full control of the token’s price.
The impressive rally of Rocket Pool that started in January temporarily halted at the $43.12 to $43.83 resistance area, but it broke out of the resistance convincingly on Thursday after posting a daily gain of 18.82%.
As of writing, RPL is trading at $47.38. RPL posted an intra-day high of $56.60 but was immediately met with selling pressure. Taking a look at the 4-hour charts, the cryptocurrency is currently trading above the 20-day EMA.
If the price goes down from here, a retest of the previous resistance area of $43.12 to $43.83 may be a potential support. The immediate resistance is the $50 psychological mark.
Fight Out Setting the Standard for M2E Fitness Apps
The world of fitness is seeing a tech transformation, and Fight Out is set to lead the charge. This dynamic platform merges innovative technology with state-of-the-art gyms, offering users a unique and personalized workout experience.
Fight Out sets itself apart with its incentive and community driven approach to fitness. The M2E app provides users with REPS tokens as a reward for reaching their fitness goals, combining financial rewards with friendly competition and community support. This imaginative method provides a more engaging workout experience compared to traditional options.
Don't wait for opportunities; create them. #FightOut's presale is heating up, and time is running out to secure your spot.
Act now, before it's too late! https://t.co/z34Nkx3ffi#Presale #TokenSale #Crypto pic.twitter.com/AQixIgjMi8
— Fight Out (@FightOut_) February 10, 2023
The Fight Out gyms are also a major departure from standard fitness centers. With cutting-edge technology, including workout tracking and real-time exercise tips, these facilities offer a highly individualized experience. This integration of technology and customization is a significant development in the fitness industry.
Fight Out has also secured the support of accomplished athletes such as UFC’s Amanda Ribas and former WBO middleweight champion Savannah Marshall, who will host educational events and raise the project’s profile in the fitness community.
Investors can also capitalize on Fight Out’s potential for growth in its token presale. A bonus of up to 50% is available for investments over $50K, and FGHT tokens have already garnered over $4 million in the presale, making them one of the best altcoins to buy today.
Hedera (HBAR)
Hedera Hashgraph is a decentralized public network for building decentralized applications (dApps) and is designed to provide fast, secure, and stable transaction processing for businesses and consumers.
Starting with the exponential moving averages (EMAs), the 20-day EMA is currently at $0.0681, the 50-day EMA is at $0.0603, and the 100-day EMA is at $0.0575. These moving averages give us a sense of the short, medium, and long-term trends for the Hedera price. The fact that the current price is higher than the 20-day, 50-day, and 100-day EMAs suggests that the short to long-term trend is bullish.
Taking a look at the Bollinger Bands indicator, the upper band is currently at $0.0761, the lower band is at $0.0622, and the BASIS is at $0.0692. The Bollinger Bands provide us with a measure of price volatility and can be used to determine overbought and oversold conditions. The fact that Hedera’s price is currently close to the upper band with the lower band going down, suggests that a bullish move may be imminent for HBAR.
The previous price close for Hedera was $0.07167, and the previous day’s price movement was -4.79%. The current price is $0.07635, up 10% for the day. The immediate resistance for Hedera is currently located at $0.0828 to $0.0841, while the immediate potential support is the 200-day EMA at $0.0690, the 20-day EMA at $0.0681, and a support range of 0.0617 to 0.0626.
Based on the technical indicators we have analyzed, the short-term trend for Hedera appears to be bullish, with some overbought conditions, but the rising volume suggests that the cryptocurrency is actively being traded by traders, which makes the cryptocurrency worth keeping an eye on for the next few days.
C+Charge Entering Fast Growing EV Space, Making it One of Best Altcoins to Buy Today
Electric vehicle drivers can now charge with ease and transparency, thanks to C+Charge’s cutting-edge blockchain-driven peer-to-peer payment and search platform. Besides cost insights, drivers can also reap the benefits of earning carbon credits through the platform’s cryptocurrency rewards system.
Don't miss out on the opportunity to invest in the future!
The presale is your chance to purchase $CCHG at the best price before it takes off. Join now and take advantage of this opportunity ⬇️https://t.co/ixe18bPqzI#Presale #ReFi #GreenEnergyCrypto #Blockchain pic.twitter.com/gDVHgabVLg
— C+Charge (@C_Charge_Token) February 10, 2023
By collaborating with Flowcarbon, C+Charge is bringing carbon credits to the masses, providing EV drivers with Goodness Nature Tokens ($GNT) for using the app. The platform also helps property owners track energy consumption during each charging session, reducing concerns of charging non-EV drivers for electricity and encouraging the installation of charge stations.
Token investments are available now, starting at $0.013 USDT and set to escalate in three stages until reaching $0.02350.
Neo (NEO)
Neo has been showing positive signs lately with the market price currently at $9 and a market cap of $702.1 million, Neo has been making headlines for its potential to experience a bullish run. The daily chart shows that Neo may be forming a new positive trend and traders are excited about the potential for further bullish movements.
Neo’s resistance levels are set in the horizontal resistance range of $9.90 to $10.24 in confluence with $10 psychological resistance, while support levels are established at the range between $9.04 to $9.19. Meanwhile, the RSI has been moving toward crossing above the 70-level at 69.31.
Given these indicators, the market is optimistic about Neo’s potential for a bullish run. However, traders are advised to keep an eye out for any bearish breakdowns that may bring the price down to the established support levels.
Entering the Era of Metaverse Gaming with RobotEra
With the rise of Web3 tech, a new frontier in gaming has emerged, and RobotEra (TARO) is the latest iteration of high tech metaverse building that takes Minecraft-like games to the next level. Its innovative concept combines non-fungible tokens with virtual and augmented reality. The result is a game that offers players the opportunity to engage in a world-building experience and create their own virtual building community and in-game economy.
RobotEra is designed to be accessible to players of all skill levels, offering an intuitive and user-friendly interface. The TARO cryptocurrency acts as the fuel for the game’s economy, with players able to use TARO to acquire land, purchase and own robot and game asset non-fungible tokens (NFTs), and participate in other economic activities within the game.
Get ready to show off your skills!
1️⃣ Create unique NFTs
2️⃣ Submit your original works for display in #RobotEra's museums
3️⃣ Sell them & earnStep into a world of endless opportunities with #RobotEra ⬇️https://t.co/BAR0I5LNtV#P2E #NFT #PlayToEarn pic.twitter.com/YMdpfcgC3N
— RobotEra (@robotera_io) February 10, 2023
As players progress through the game, they can level up their robot companions, construct buildings, and redesign landscapes, creating their own unique and thriving virtual community.
With its unique concept, user-friendly interface, and monetization options, RobotEra has the potential to attract a wide audience of players and become a major player in the Web3 gaming industry.
The metaverse building game, along with its NFT trading marketplace, will introduce a new digital economy, offering players new frontiers to explore and conquer.
With a $849K raise in its token presale so far, RobotEra is well-positioned for a strong launch, making it another one of the best altcoins to buy today.
Related:
New York University Integrates Near Protocol To Offer Metaverse Studies
The Next Big Metaverse Coin Is Going Into Space, And You Can Invest in Its Presale Now – Heading to $1m Raised
SingularityNET Price is Up 800% in 30 Days And Why There’s Still Much More to Come
C+Charge - Eco Friendly Crypto with Real World Utility
- Democratizing Carbon Credits
- Incentivizing Wider Adoption of EVs
- Real Life Use Case for Web3 Technology
- First Platform Allowing EV Owners to Earn Carbon Credits On or Off Chain
This article was written for Business 2 Community by Trent Rhode.
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