Trent Rhode
Good news for investors looking to find the best crypto to buy came this week with U.S. inflation falling more than expected in November according to CPI numbers released Tuesday morning. Cryptocurrencies, U.S. stocks, and bonds all surged at market open before falling considerably for the day so far in anticipation of tomorrow’s FOMC meeting. The rate of increase in the consumer price index (CPI) dropped to 7.1% last month, lower than the 7.3% forecast by economists and a 0.1% rise from the previous month.
BREAKING: US inflation falls to 7.1%, lower than expectations.
— Watcher.Guru (@WatcherGuru) December 13, 2022
This decrease has likely bolstered the Federal Reserve’s plans to slow the pace of interest rate increases, as investors believe that the US central bank might not have to squeeze the economy as aggressively as feared to bring inflation under control. This is welcome news for financial markets, which had become increasingly concerned about rising prices amid tight job market conditions and a growing budget deficit.
Diversifying Portfolio in Volatile Markets: Best Cryptos to Buy
Despite today’s initial market excitement, investors should still be cautious about going all-in on any investment and should continue to diversify their portfolios, including in the crypto markets. A great option for investors looking to get in on the ground floor of projects set for potentially large gains are crypto project presales. Below are a few coins to consider investing in right now with strong fundamentals as the market struggles to find its footing.
Dash 2 Trade (D2T)
Dash 2 Trade is an analytics and social trading platform that promises to change the crypto trading landscape. With its innovative features, Dash 2 Trade is a great investment for those interested in capitalizing on the FTX collapse and the resultant increased caution from crypto holders to invest in the space.
Users need to buy and hold the D2T token in order to access features on Dash 2 Trade, which include trading signals, social sentiment, and on-chain indicators. The platform will also offer a pre-sale token scoring system as well as a listing alert system for new tokens. Finally, there will be a strategy back-testing tool that users can utilize along with an auto-trading system that connects to exchange APIs.
Phase 4 of Dash 2 Trade’s token pre-sale recently began, with the project raising almost $9.7 million so far. The pre-sale dashboard will be made available soon and development is currently ahead of projected schedule.
Bitcoin SV (BSV)
The Bitcoin SV’s BSV token has been gaining traction in several different areas including gaming, social media, and payments.
After hitting its all-time low back on November 9 at $34.83, BSV has since recovered more than 34% and is trading at $47.053 as of writing. With the cryptocurrency potentially reaching its bottom and currently remounting to the previous support turned resistance of $46 to $46.5, this coin may be a good bet for bottom-fishing.
If the price maintains this level and moves further to the upside, the next target is the range of $62.5 to $67 for a potential 34.5% to 46% swing.
Calvaria (RIA)
Many well-known blockchain games, such as Axie Infinity, lost a considerable amount of users in 2022. This caused crypto investors who were also interested in gaming to explore different options. Calvaria, an upcoming battle card game that allows players to earn cryptocurrency, could be a solution for those individuals. The creators of the game hope to increase cryptocurrency adoption rates by providing a free-to-play option of the game that demonstrates to players the value of using cryptocurrencies in their gameplay.
So far, Calvaria has raised $2.43 million and only 21% of pre-sale tokens remain before it finishes its final stage.
GMX.IO (GMX)
The GMX coin price has been steadily moving up, as revealed by its daily chart. This persistent positive trend is bolstered by the ascending black trendline and also growing moving averages, indicating strong upward momentum.
After an unsuccessful effort to break the 10-day resistance of $59.60 with 3 consecutive green candles, GMX’s price has reverted back into its range between $48.77 and $59.60.
GMX is currently down 8.15% on the day, and it looks like it is going to retest the fib 0.236 support level in correlation with the daily EMA20. If it breaks through the $60 psychological resistance, its next target could be a fib 0.236 extension which almost coincides with the all-time high price of $66.96.
RobotEra (TARO)
In RobotEra, players explore the post-apocalyptic world of Taro with their own NFT-based robot companions. With in-game tools, players can build robots and other assets without any coding knowledge, making it easy for anyone to join in on the fun. On top of that, play-to-earn gameplay and NFTs add an extra layer of excitement and reward for dedicated builders.
Players in RobotEra can earn rewards by completing quests, participating in community events, and staking. Players can also rent out space on billboards or structures to other players and can host their own events and charge admission fees.
In 2023, the project plans to add virtual and augmented reality (VR/AR) into RobotEra. With all of these features, players will be able to create their own worlds within the game that they can monetize, making it potentially one of the best cryptos to buy in this uncertain market.
To date, RobotEra has raised nearly $540K in its presale.
Related:
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This article was written for Business 2 Community by Trent Rhode.
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