The cryptocurrency market has continued its decline from last week, with Bitcoin continuing to trade below the $22,000 level at $21,662 as of writing, down 1.26% for the day and 5.04% for the week. Ethereum, has also declined and is now trading below $1,500. Given the market and macroeconomic backdrop, what are the best altcoins to buy today?
As investors eagerly anticipate the Federal Reserve’s monetary policy outlook in its forthcoming meeting, they are also processing regulatory developments.
Bitcoin’s decline below the $22,000 mark was partially due to the US-based Kraken cryptocurrency exchange temporarily halting its staking service and being fined $30 million by the SEC for failing to properly register the service.
PayPal is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe in New York https://t.co/41tvlNdNDy
— Bloomberg (@business) February 12, 2023
In other cryptocurrency news, payments giant PayPal has reportedly paused work on launching its own stablecoin. This news follows the report that PayPal’s crypto partner, Paxos, is under investigation by the New York Department of Financial Services.
Despite the present difficulties in the cryptocurrency market, there is still the potential for growth in the future and dips like this are often the best time to buy. As the market navigates through these challenges, it is crucial for investors to stay informed about regulatory developments and key support levels, as well as updates in the industry.
Whatever the near future holds, now is an excellent time for investors to evaluate their portfolios and seek out new opportunities. For those looking for the best altcoins to buy today, MEMAG, ZIL, FGHT, TON, CCHG, BAT, and TARO could be worth exploring for potential investment opportunities based on technical and fundamental analysis.
Meta Masters Guild: Game On for Web3 Gaming Ecosystem
Meta Masters Guild (MMG) is set to make a big impact in the fast-growing Web3 gaming world. With almost all of the sixth stage of its MEMAG token presale sold, the final stage will see the price increase from $0.021 to $0.023, a boost of 228.6% from the original stage.
Excitement is building for MMG’s partnership with leading game developer Gamearound, as the two prepare to launch the first game for the ecosystem, Meta Kart Racers, in Q3 2023. Gamearound CEO Gideon Clifton has teased that players will receive a free NFT character and kart to try out in the game.
NFTs will give gamers a chance to own parts of the games they play, and the creation of a dedicated NFT marketplace will allow for trading of in-game assets, characters, etc., similar to the popular CS:GO skin market. MEMAG will be the currency for transactions in the ecosystem and also have staking and governance features.
With the GameFi market expected to reach $104.5 billion by 2028, MMG is well positioned to take a slice of the pie with its engaging metaverse games, setting it apart from other play-to-earn platforms that put too much emphasis on NFT and crypto gimmicks that see people buying their way to the top, rather than MMG’s focus on engaging and fair gameplay.
Investors who want to join the presale can do so through the MMG website by connecting a Wallet Connect or MetaMask wallet and purchasing MEMAG using USDT or ETH. The presale has raised over $4.3 million so far, solidifying a high potential for a successful launch and making MEMAG one of the best altcoins to buy today.
Zilliqa (ZIL) is making headlines as it continues to make moves in the market. ZIL has risen 4.98% over the weekend, outpacing the broader crypto market, which was relatively flat.
Zilliqa is seeing an increase in its trading activity as well, with its volume currently at 1.223 billion while the volume moving average is at 420.403 million. ZIL’s price attempted to break over the 200-day EMA earlier today posting an intra-day high of 0.03299. At one point, the cryptocurrency was up by 13% for the day.
Currently, Zilliqa is trading at $0.02901 and is down by 0.77% for the day, with support set at 20-day EMA around $0.02830 and resistance at 200-day EMA at $0.04114.
Zilliqa’s combination of cutting-edge technology, partnerships, and eco-consciousness makes it a strong player in the crypto industry and is a coin to keep an eye on as markets gain macroeconomic clarity in the coming weeks.
Fight Out Pioneers Tech-Driven Fitness Apps With Real-World Connection
The fitness world is undergoing a technological transformation and Fight Out is poised to lead the innovation in the space. This novel platform integrates advanced technology with Web3 connected gyms, providing patrons a customized workout experience.
Fight Out differentiates itself with its incentive-based, community-focused approach to fitness. The M2E app awards users with REPS tokens as a recognition for reaching fitness objectives, combining financial incentives with friendly competition and community backing. This inventive approach delivers a more immersive workout experience compared to conventional options.
$4.1 Million Raised!
WOW! Yet another milestone smashed
Don't forget, the price of $FGHT will keep increasing every 12 hours!
Join the presale now! ⬇️https://t.co/ZJslyfHI4t#FightOut #Crypto #Presale #Web3 pic.twitter.com/0gwKYVgDRu
— Fight Out (@FightOut_) February 13, 2023
Fight Out’s gyms are also a radical departure from typical fitness centers. Equipped with state-of-the-art technology such as workout monitoring and real-time exercise guidance, these facilities offer a highly individualized experience. This convergence of technology, community, and personalization is a game-changer in the fitness industry.
Fight Out has also secured the endorsement of renowned athletes such as UFC’s Amanda Ribas and former WBO middleweight champion Savannah Marshall, who will conduct educational events and raise the project’s visibility in the fitness community as part of the Fight Out Ambassador program.
Investors can also benefit from Fight Out’s growth potential in its token presale. A bonus of up to 50% is offered for investments over $50K, and FGHT tokens have already raised over $4.1 million in the presale, making them one of the best altcoins to buy today.
The Open Network (TON)
The Open Network is a decentralized layer-1 blockchain platform that is making some moves in the market presently. The platform, launched by the Telegram chat network in 2018, is attracting the attention of developers, users, and investors.
In a highly anticipated move, The Open Network recently announced its 2023 roadmap, which is focused on delivering tools and resources for developers to build decentralized applications (dApps) on the platform and integrate them with third-party applications.
The market has responded positively to the revised roadmap, with the cryptocurrency moving by more than 6% over the weekend. Short to long-term EMAs for TON are aligned bullishly with the 20-day EMA trading above 50-day and 100-day EMAs.
TON’s price is currently trading at $2.262 and down by 1.78% for the day. Immediate resistance for TON is $2.60, while the immediate support is the 50-day EMA at $2.25 followed by the psychological support of $2, which was retested last week.
C+Charge’s EV Charging App Creating Invaluable Utility, Making it One of Best Altcoins to Buy Today
C+Charge, a blockchain-based peer-to-peer payment platform and EV Charging app, is looking to change the way EV owners charge their vehicles and make payments. The platform aims to address the issue of insufficient charging infrastructures in the growing EV market and provide a reliable and transparent payment channel for EV owners.
With the rise of EVs, governments across the world are adopting green energy solutions. The European Automobile Manufacturers’ Association (ACEA) has reported a 12.1% increase in EV sales in the EU region, for example. However, the charging infrastructure hasn’t kept pace with the rise in EV ownership, and the current system is plagued by inefficiencies and lacks pricing transparency.
C+Charge’s solution is to both build charging stations of its own and collaborate with existing companies and networks while allowing users to pay with the native CCHG token and helping them easily find nearby stations.
Thanks to blockchain technology, CCHG provides a transparent and quick way of making payments for charging. EV owners can see how much they will be paying and can be assured that their payments will be processed quickly.
EV owners using the C+Charge platform will also receive rewards in the form of carbon credits on the blockchain via Goodness Native Tokens (GNT). These tokens, backed by venture capital firms Samsung Next, a16z Crypto, and Invesco, represent a verified voluntary carbon credit and will be accessible on the C+Charge mobile app, where users can trade or sell them.
C+Charge has completed the first stage of its presale, raising over $1 million with the CCHG token. The token’s price is set to increase by another 10.3% in stage 3, the next presale stage, making this a great time to buy into one of the best altcoins to buy today.
Basic Attention Token (BAT)
Basic Attention Token (BAT) has been designed to bring a new level of transparency to the digital advertising industry. The token is used to power a blockchain-based platform that rewards users for their attention and provides advertisers with a better return on investment.
The platform was launched in 2017 and has since seen growing popularity, with Brave Browser being one of the most widely used browsers within this ecosystem.
Brave purchased 1.018 million Basic Attention Tokens this week!
The company routinely makes bulk purchases of $BAT in order to distribute them to Brave Rewards users. Learn more about Rewards here: https://t.co/4jhnOCJWQv pic.twitter.com/ZHSHKbc3Hi
— Basic Attention Token (BAT) (@AttentionToken) February 10, 2023
BAT operates as the unit of reward in the advertising ecosystem, allowing advertisers, publishers, and users to exchange it among themselves. The total supply of BAT is capped at 1.5 billion tokens, with almost all of this supply currently in circulation.
BAT closed yesterday’s candle with a 4.06% move and retested its immediate resistance of the 200-day EMA during the trading session when it registered its intra-day high of $0.3010. However, it was immediately met by selling pressure, causing the cryptocurrency to close lower.
As of writing, BAT’s price is at $0.2797, up 2.91% in the past 24 hours. The immediate support for the cryptocurrency is the 20-day EMA, where the price has successfully held for the past 5 days. If BAT successfully retakes the 200-day EMA at the $0.3000 level, the next target is the psychological resistance level of $0.3500 which is a potential 15% move to the upside.
Introducing the Next Chapter in Gaming with RobotEra
As Web3 technology advances, a new horizon in gaming has arisen. RobotEra (TARO) represents the latest evolution in high-tech metaverse creation, elevating Minecraft-style games to a new level. This inventive concept integrates non-fungible tokens with virtual and augmented reality to offer a world-building experience where players can construct their own virtual communities and in-game economies while owning and trading a piece of the action.
Designed for ease of use, RobotEra’s user-friendly interface makes it accessible to players of varying skill levels. The TARO cryptocurrency serves as the driving force behind the game’s economy, enabling players to purchase land, own non-fungible tokens (NFTs), and participate in other economic activities within the game.
Another crazy milestone for the Taro Universe today!
#RobotEra has raised over $860,000
Now is a prime opportunity to join the metaverse and become a member of the #ROBOTERA Army family
Learn more ⬇️https://t.co/nBnvUcnbzU#NFTCollection, #NFTCommunity #P2E pic.twitter.com/1NharY76Jd
— RobotEra (@robotera_io) February 13, 2023
As players advance through the game, they can enhance their robot companions, build structures, and transform landscapes, building their own thriving virtual communities.
With its distinct concept, intuitive interface, and monetization options, RobotEra has the potential to attract a wide range of players and establish itself as a prominent force in the Web3 gaming sector. The metaverse building game, along with its NFT trading platform, opens up a new digital economy for players to explore and conquer.
Thanks to a $864K raise in its token presale, RobotEra is poised for a successful launch, making it a top option among the best altcoins to buy today.
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