Trent Rhode
Last week saw gold, the Dow, S&P 500, and Nasdaq close in red daily candles, and although gold is down around 1% in the past 24 hours so far today, stocks have gained so far today despite uncertainty surrounding a busy week of economic data releases.
#PreMarket #Futures #Stocks #Indexes #trading Green this morning. Have a great morning all!
S&P 500 $SPX $SPY $ES $ES_F #SPX #SPY #ES #ES_F
Nasdaq 100 $NQ $NQ_F $NDX $QQQ #NQ #NQ_F #NDX #QQQ
Dow Jones $DJI $DIA $YM_F #YM_F #DJI #DIA
Russell 2000 $RUT $RTY_F $IWM #RTY_F #RUT pic.twitter.com/OV2B01slbF— Bow Jones (@BowJones3) December 12, 2022
As the week began, both Bitcoin and Ethereum experienced a decline in value. BTC is currently trading at $17,035 with a 0.76% loss while ETH is priced at $1,254 and is down 1.59% for the day as of writing.
At the beginning of the trading session, the cryptocurrency market experienced an abrupt drop that shaved $9.43 billion off the market cap. This dip was brief, however, with the cryptocurrency market rebounding soon after followed by a raise of the total cryptocurrency market capitalization to $800 billion.
As the broader risk asset markets find their direction for the week, there is plenty of opportunity to make money in the cryptocurrency market. Further volatility is expected in the coming days as CPI numbers are due to be released tomorrow and the Fed’s FOMC meeting is set for Wednesday and Thursday.
Market will be boring till tomorrow's CPI.
Expect highly volatile markets on Tuesday and Wednesday. Inflation is estimated at 7.3% YoY.
More importantly, higher inflation will lead to a 0.75% rate hike, which will crash SP500 and crypto with it.
My capital is on the sidelines.
— Bloodgood (@bloodgoodBTC) December 12, 2022
Although investors must be cautious in bear markets, it may also be a good time to start accumulating assets at low prices through a DCA strategy and bargain-hunting crypto presales of projects with strong fundamentals. We have researched five of the best cryptocurrencies to buy today, December 12, that have the potential to ride out the waves in the market.
Dash 2 Trade (D2T)
Investors who want to take advantage of the FTX fiasco should consider investing in Dash 2 Trade, a promising crypto trading platform. Dash 2 Trade is unique because it focuses on community and social insights. It also offers a number of other features that are set to be among the best in the crypto industry, including presale analytics, strategy backtesting, technical indicators, and social trading.
Dash 2 Trade is currently holding a token pre-sale at discounted prices and is currently in its final stage, with sales of D2T tokens recently surpassing $9.57 million.
The product development team has sent an update that notes that they are ahead of schedule, and the presale dashboard will be launching soon.
Trust Wallet Token (TWT)
After failing to break out from the $0.71 resistance, TWT is currently experiencing a dump that was deep enough to retest the fib 0.618 support and EMA 20 where the price eventually wicked out. Right now, the price is trading between the range of fib 0.382 and fib 0.236.
For TWT to move further to the upside, it’s vital for the support levels of EMA 20 and fib 0.382 to hold. The next possible target if the price moves further is the 0.236 Fibonacci extension of $2.9262 which coincides closely with the psychological resistance of $3. Caution is advised until we see a clear holding of support and a new breakout is confirmed.
Calvaria (RIA)
Calvaria is an intense card game that challenges your strategic prowess. By playing in tournaments, you can earn prizes like new cards, resources, and tokens. If you’re feeling more passive, try staking your coins to earn rewards over time–you even get a say in what the future direction of the platform should be through a future DAO.
Calvaria not only incentivizes players for winning matches but also rewards them for participating in and contributing to the game ecosystem, according to Calvaria’s whitepaper. So far, Calvaria has raised $2.42 million during its current presale stage (Stage 5), which is 78% complete. The total goal of the presale is $3 million.
Stacks (STX)
Stacks (STX) is a decentralized protocol that utilizes the Bitcoin blockchain to provide users with numerous services such as dApp building, smart contract execution, NFT trading, and leveraging the utility of DeFi. It also has its own native token STX, which can be used to earn Bitcoin (BTC) through staking.
STX is currently trading above the daily EMA 20 and EMA 50, which indicates that the short to mid-term bias for this coin is bullish. With the price retesting and trying to break out of the EMA 100 for the past three days, things are looking good for a potential rally.
Currently consolidating below the daily EMA 100 and trading at $0.293, the price needs to break the resistance of $0.3 to move further to the upside. If the price successfully breaks this resistance, the next possible target is $0.34 for a potential 13% swing.
RobotEra (TARO)
RobotEra is a gaming platform that offers in-game rewards to players who explore and rebuild the destroyed planet of Taro. The game’s robot companions, which are NFT-based, can be created and customized without any coding knowledge, making it suitable for gamers of all skill levels.
Players in RobotEra can earn money by completing quests, community events, and other functions. They can also generate income in-game by renting spaces on billboards or structures within the game world and hosting paid events.
AR and VR will be integrated into RobotEra by 2023. The game contains many features that enable players to develop and earn money from their own in-game worlds. This positions the game well for success in the upcoming year.
So far, the RobotEra presale has raised over $528,000 and is gaining momentum to finish stage 1 soon. When it does, the token price will increase from $0.020 to $0.025 per token in stage 2.
Related:
- ApeCoin Price Prediction as APE Becomes Top Market Performer – Here’s Where It’s Headed Next
- Tesla and Elon Musk are Losing Popularity Ever Since He Acquired Twitter
- Instant Grocery Delivery Firm Getir Acquires Competitor Gorillas in Billion-Dollar Deal\
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
This article was written for Business 2 Community by Trent Rhode.
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