Trent Rhode
The cryptocurrency market experienced a dip at the beginning of the week with Bitcoin hitting a seven-day low earlier today. The recent bullish trend in the market has started to fade as the stronger-than-expected U.S. non-farm payrolls report raises concerns about the Federal Reserve’s stance on inflation. With this market outlook in mind, what are some of the best altcoins to buy today?
BTC has now dropped for five consecutive days to reach a low of $22,631.72 today, its weakest point since January 30. ETH dropped by 2% and reached a low of $1,609.78, moving closer to its support level of $1,600. However, the RSI, which has found its own floor at 58.00, has helped prevent a further drop. At the time of writing, ETH is trading at $1,630 and if the RSI floor holds, bulls may try to push ETH toward $1,700 in the coming week.
Despite the slowdown, the market remains optimistic, with Bitcoin and Ethereum prices trading above key support levels and the RSI providing support for further growth.
In light of the recent dip in the market, some investors may want to reevaluate their portfolios and look for potential opportunities. This may involve exploring tokens that have a strong potential for growth and are currently in their early stages, such as those in presales, where good deals can be found.
Investors should consider tokens that have a positive fundamental and/or technical outlook, such as MEMAG, AGIX, FGHT, GRT, CCHG, DYDX, TARO, and TAMA, which are some of the best altcoins to buy today.
Meta Masters Guild Looking to Master Web3 Mobile Gaming
Meta Masters Guild (MMG) is building a new way for gamers to interact with one another. Thanks to blockchain and Web3 technology, MMG will allow gamers from mobile platforms and various genres to unite in an interactive metaverse world unlike anything seen before.
The “Web3 gaming guild” will feature community-oriented activities such as tournaments, leaderboards, rewards systems, and more linked directly to a host of games.
MMG’s groundbreaking digital platform is bridging the gap between gaming and cryptocurrency, granting players the ability to acquire in-game Gems rewards, which can be traded for non-fungible tokens (NFTs) and MEMAG crypto as a reward for their talent and loyalty.
MMG’s first gaming title, Meta Kart Racers, is a high intensity single-player and PvP racing game that you can play anytime, anywhere on your mobile device. MMG has also given us a glimpse of other Web3 games to look forward to in the near future under its platform as well.
MMG’s MEMAG token presale has been met with an overwhelmingly successful response, obtaining $3.18mn in a matter of weeks. With this momentum, MEMAG is definitely one of the best altcoins to buy today.
SingularityNet (AGIX)
The rise of OpenAI’s generative artificial intelligence algorithm ChatGPT has caused a significant impact across various industries. The technology behind ChatGPT uses deep learning through Generative Adversarial Networks (GANs), which allows it to generate text that closely resembles human-created content.
Microsoft has invested $10 billion in OpenAI and holds rights to 75% of OpenAI’s profits until it recoups the full amount. After that, Microsoft will receive 49% of profits until it reaches $92 billion, after which it reverts back to OpenAI’s non-profit foundation.
This partnership will allow Microsoft to integrate ChatGPT into its products, including Bing, Azure cloud, Copilot programming tool, Office suite, and Teams offering.
Google, recognizing the threat posed by ChatGPT to its search engine dominance, has increased its own investment in AI by pouring $300 million into AI startup Anthropic. This partnership will allow Anthropic to train its AI systems using Google Cloud’s hardware, in return for Google receiving a 10% stake in the company.
In addition to its impact across industries, ChatGPT has been having a major effect on the cryptocurrency landscape as well. One notable example is the meteoric rise of SingularityNet’s AGIX coin, which has experienced a staggering 850% increase in value since the start of 2023.
As of writing, AGIX set its all-time high price earlier today at $0.48. It’s currently trading at $0.43 with a loss of 3.63% for the day.
Plotting extended Fibonacci levels reveal AGIX’s potential support and targets moving forward. The price retested Fib 0.786 earlier today at $0.41, which is the immediate support for cryptocurrency. The next potential targets are the psychological level of $0.50 and the extended Fib 1.272 at $0.57.
Fight Out’s FGHT Showing Signs of Being One of Best Altcoins to Buy Today
Get ready for a complete revolution in the fitness app industry with Fight Out’s modern Web3 application and gym chain. Their custom-crafted exercise regimens, focus on rewarding accomplishments, as well as a motivating community is giving the platform a unique spin.
The M2E app is designed to reward dedicated users with REPS tokens when they reach their fitness goals, combining a financial incentive with an engaging and competitive edge.
To create an even more interesting user experience tied to the real world gyms, Fight Out’s CoinSniper verified team is developing cutting-edge gyms featuring interactive elements such as “mirrors” displaying personal profiles and sensors tracking workouts while also offering up real-time exercise tips.
Huge news #FightOutCrew!
We have now raised over $3.9M in our presale
Remember, you can now buy $FGHT with $USDT on both #Ethereum and #BinanceSmartChain!
Join now and get up to a 50% bonus! https://t.co/ZJslyfHI4t#DeFi #Crypto #CryptoPresale #ETH #BNB pic.twitter.com/TQWRyz1MqD
— Fight Out (@FightOut_) February 5, 2023
To add a further boost to the project’s reputation, esteemed athletes such as Amanda Ribas of UFC and Savannah Marshall, former WBO middleweight champion have been recruited as ambassadors. They will offer master classes and learning events that are sure to draw more attention towards the project.
Don’t miss this opportunity to join Fight Out at an early stage and receive up to 50% bonuses for investments of over $50K. FGHT tokens have already raised nearly $4mn in their presale, making it one of the best altcoins to buy today.
The Graph (GRT)
GRT, the token of The Graph, is currently making waves in the crypto market as it defies the current downward trend. Despite the market pressure, GRT has managed to close yesterday’s candle with a 16.61% gain and effectively bouncing off the 200-day EMA, offering a glimmer of hope for investors.
GRT’s success is not limited to just its market value. The asset’s technical indicators are also indicating a positive outlook. Currently trading at $0.13 with a 0.15% gain for the day, GRT’s price is trading above all its exponential moving average indicators, and the positive MACD suggests a buy signal. However, investors should keep an eye on its rising RSI, which currently stands at 82.68.
As the new year begins, the development of The Graph’s ecosystem will be under close scrutiny by investors. With rising expectations for a market rebound in 2023, GRT has the potential to be one of the leading assets in the crypto space. The big question remains if the soaring coin can sustain its upward trajectory and deliver continued growth to its investors.
C+Charge Set to Shock Crypto Investment World With Real Utility
To make electric vehicle ownership smoother and more available, C+Charge is creating a blockchain-based platform that simplifies the process of seeking out charging stations. This technology will not only benefit drivers but also motivate them with carbon credit backed cryptocurrency rewards for usage and transparency into costs before EV drivers even visit the charge station.
Fact check
The ice sheets are declining
Surface temperature hits new records every year
Sea levels rise alarmingly fastAll these problems are associated wite CO2 emissions ⚠️
Visit our website and make an impact!
https://t.co/ixe18bPqzI
#crypto #presale pic.twitter.com/nsIY4mByyr— C+Charge (@C_Charge_Token) February 1, 2023
By joining forces with Flowcarbon, C+Charge will make carbon credits more accessible to users and reward drivers of electric vehicles (EVs) who use the app with Goodness Nature Token ($GNT).
Another benefit of the platform: For property owners looking for a dependable way to monitor energy expenditure from each EV, C+Charge has an ideal solution. Their application can track every charging session, which encourages landlords and businesses to install their own chargers without worrying about non-EV owners overpaying for electricity.
Investors now have the opportunity of a lifetime to get in early on C+Charge tokens at only $0.013 USDT, with prices climbing incrementally throughout three stages until reaching its final cost of $0.02350 per token, making CCHG one of the best altcoins to buy today before their price goes up.
dYdX (DYDX)
After getting rejected from the horizontal resistance range of $3.221 to $3.306 for five consecutive days, DYDX continued to retrace closing yesterday with a loss of 4.58% retesting the 10-day EMA and the Fib 0.236 level at $2.953.
As of writing, DYDX’s price is trading at $2.98 with a gain of 5.81% for the day. The DYDX price has bounced off the 10-day EMA and is now trading above the Fib 0.236 level. This level together with the 10-day EMA at $2.87 is immediate support for the cryptocurrency.
The immediate resistance is the horizontal resistance range of $3.221 to $3.306, followed by the next significant resistance level of $3.907 to $4.014 for a potential 21.27% gain.
RobotEra (TARO) is Building the Metaverse
RobotEra (TARO) is on the cutting edge of metaverse revolution with its eagerly awaited game, allowing players to create their own unique robots and worlds. What truly sets this game apart from others is an intuitive interface that makes it a breeze for anyone, regardless of programming experience, to customize their environment.
On top of offering boundless entertainment value, gamers can monetize their play by renting out parts of their world or hosting fee-based activities.
Utilizing a fusion of virtual and augmented reality, RobotEra’s engineers will transport gamers to an advanced digital domain that combines Minecraft-like world building with Taro’s far-reaching and high tech robotic realm.
HUGE NEWS #RobotEra Army, we have a new roadmap for the project
Take a look ⬇️#NFT #NFTCommunity #P2E pic.twitter.com/8uJZyH0hVB
— RobotEra (@robotera_io) February 2, 2023
RobotEra offers an immersive and innovative gaming experience for players of all abilities, allowing them to join forces in the rebuilding of Taro’s metaverse. Furthermore, its non-fungible tokens (NFTs) grant gamers ownership over virtual properties such as robots, land pieces, items and buildings.
TARO, the game’s primary currency, can be mined and players can also create games on designated land spaces. Gamers will be rewarded for their efforts and can socialize as they explore Taro’s realm.
Investor excitement is growing for the RobotEra token presale, which has already raised $820K.
Tamadoge (TAMA) Memecoin an Alternative to SHIB
Tamadoge’s captivating Web3 gaming platform offers an arcade gameplay experience with a play-to-earn reward system. The TAMA cryptocurrency has been gaining widespread attention and is currently purchasable on the OKX, LBank, MEXC, BKEX, and Coinsbit exchanges – making it more accessible than ever to join Tamadoge’s addictive arcade-style tamaverse.
The TAMA meme coin also provides a functional purpose for NFT collectibles, allowing gamers to upgrade their stats in the game world’s arcade games.
With the anticipation of cryptocurrency markets on the rise, Tamadoge’s impending games and developments are anticipated to drive an even greater TAMA token price. The presale for TAMA in 2022 was a confirmation of this potential; raising an impressive $19 million within mere two months.
Related:
Ethereum Price Prediction – ETH is Outperforming Bitcoin in February So Should You Be Investing?
Revolutionary Move-to-Earn Crypto Fight Out Raises Nearly $4m – Here’s How Early Buyers Get a 50% Bonus
Terra Classic Luna Price Prediction – Is a New Bull Run Going to Pump LUNC to $1?
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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