Although stocks ended the day down today after the Federal Reserve decided to increase rates by 50 basis points, crypto markets merely reverted to prices seen prior to yesterday’s rally, with Bitcoin up 0.59% and Ethereum down 0.41% as of writing. This comes after Tuesday’s CPI figures which were lower than predicted, with Chairman Jerome Powell strongly emphasizing that while the job market remained robust, inflation was still not under control.
It’s anyone’s guess as to whether the markets have priced in the potential coming recession on the back of continued interest rate hikes, but there is a possibility that crypto markets, in particular, may be close to a bottom after facing multiple correction events in 2023. With this in mind, it may be a good time for investors to begin looking at digital assets to scoop up in preparation for the next bull run. Here are some of our top picks for today, December 14.
— Crypto Zone (@cryptozone_news) December 14, 2022
Dash 2 Trade (D2T)
Dash 2 Trade is an innovative analytics and social trading platform that has the potential to change the way crypto is traded. With its advanced features, Dash 2 Trade could be a great investment for those looking to capitalize on the FTX collapse and increased caution from holders in light of recent events.
— Nft_crypto (@Nftcryptoinfo) December 14, 2022
In order to access the various features on Dash 2 Trade, users need to buy D2T tokens, creating a likely demand for these tokens in the future. The aforementioned features include trading signals, social sentiment indicators, as well as blockchain-based options. The platform also offers a pre-sale token scoring system, a listing alert system for upcoming coins, a strategy back-testing tool that allows you to test your potential plans before going through with them; plus an auto-trading function that directly links into exchange APIs.
Dash 2 Trade’s token presale recently moved into its final phase, having raised nearly $9.8 million to date. The project’s presale dashboard will be made available soon, with development currently ahead of schedule.
The Open Network (TON)
Since the beginning of December and the initial rise of TONcoin (TON) by 54%, innovative developments including anonymous phone numbers for Telegram have been announced by Pavel Durov, founder of the decentralized messaging app.
Initially, the idea for TON was conceived as part of Telegram, which unfortunately had to be abandoned due to pressure from the SEC years earlier. The TON ecosystem has thrived despite these setbacks.
With the recent surge in TON’s price, traders should take an aggressive stance when it comes to risk management as the Relative Strength Index is nearing oversold levels on both daily and weekly timeframes.
Trading at $2.50 as of writing, traders can monitor the lower time frames for a possible change of character. The next target is the $3 psychological resistance.
In RobotEra, players explore and rebuilt the decimated world of Taro with their own NFT-based robot buddies. With in-game tools that require no coding knowledge, anyone can easily join in on the fun. Play-to-earn gameplay and NFT trading of robots and other game assets make playing even more exciting and rewarding for dedicated metaverse world builders.
RobotEra players rack up rewards by completing quests, taking part in community events, and staking. They can also sublet space on billboards or buildings to other players, plus organize and charge for their own functions.
The project team intends to add virtual and augmented reality (VR/AR) functions into RobotEra in 2023, which, along with other innovative features and a robust in-game economy, have a good chance of creating a splash in the Web3 gaming space.
So far RobotEra has raised almost $552K in its presale.
OKT closed yesterday with a massive 19.92% move to the upside as it once again enters the range of $21 to $28.5. Trading at $24.70 as of writing, the RSI for this cryptocurrency has been in the oversold territory for the past couple of days.
Down by 1.12% on the day, a bounce may occur at the Fibonacci retracement level of 0.236 around $23.58. Additionally, there could be potential support on the lower end of its range of $21, which coincides with a fib 0.382 level.
If OKT continues to move with its momentum, the next target is the previous psychological resistance of $30.
Many well-known blockchain games, such as Axie Infinity, lost many users in 2022, causing crypto investors interested in the Web3 gaming space to look at other options that may prove more popular in the future. Calvaraia– an upcoming battle card game permitting players to earn cryptocurrency– could possibly be the answer. The game’s developers aspire to raise cryptocurrency awareness by making a game free-to-play version of the game and demonstrating how digital currencies and NFTs can enhance gameplay.
So far, Calvaria has managed to raise $2.45 million and only 21% of pre-sale tokens remain before it completes its final stage.
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