As most investors know, there is more reason than usual to pay attention to the Federal Reserve in 2023, according to a recent report from Arcane Research. Bitcoin and the US stock market have been showing correlations for some time, and this past week that correlation held true. Before the release of better-than-expected news for the consumer price index (CPI), both risk asset markets rose in value, but soon after an FOMC meeting earlier in the week that signaled ongoing high interest rates, they fell again on Friday.
Ahead of the Curve – December 20
The last week has seen a hectic market due to major macro events, with Bitcoin’s price movements being heavily influenced by the CPI and FOMC. Will volatility settle as we approach the Holiday season?
— Arcane Research (@ArcaneResearch) December 20, 2022
As Bitcoin remains correlated with Nasdaq and the S&P 500 it is likely to continue to be influenced by other risk assets and macroeconomic events going into 2023. While it remains to be seen how the correlation plays out in the upcoming months, understanding Bitcoin’s current price outlook can help us understand whether it’s a good time to buy into other cryptos.
After bouncing off the $16,400 price yesterday BTC closed with a 2.81% gain, and is currently trading at $16,854. However, it appears that the price was rejected by the daily EMA 20 in confluence with the fib 0.5 level. For the price to recover, the price must once again enter and remount the range between fib 0.5 and fib 0.382 of $16,800 to $17,300. If the price continues to fall further, the next major support is at $16,000.
Even though the future of the cryptocurrency markets remains uncertain, savvy crypto investors can still find ample opportunities for smart investments. In fact, bear markets and FUD-driven downward market cycles create ideal opportunities to invest in risk assets–just remember that it is essential to exercise caution and invest only in companies with strong fundamentals and sound financing.
With this in mind, the best cryptos to buy today in terms of stability, reliability, and potential gains, include the ones here, which all have solid fundamentals and/or promising technical analysis:
FightOut, an upcoming move-to-earn (M2E) app and gym chain have undeniably piqued the interest of investors, who invested more than $1 million during its week-long private sale. The project has continued to gain momentum with an impressive presale total of over $2 million raised thus far.
FightOut stands out from other M2E apps for a plethora of reasons, the most obvious being that it integrates any type of fitness activity – not just steps taken. Additionally, users don’t have to spend large amounts on NFTs in order to use this app; better still, they’re rewarded simply for living healthily instead of doing mundane tasks like walking.
Earn rewards for working out and staying fit with @FightOut_
The FightOut #MoveToEarn mobile app will tailor bespoke workouts to ensure you’re #FightingFit in real life and in the metaverse.
Join the presale now and get up to a 50% bonus! ⬇️https://t.co/1792KBfUIG pic.twitter.com/4bIM66fATx
— Jeff Matos (@jeffersnmatos) December 21, 2022
FightOut offers several groundbreaking features, like an interactive avatar that syncs with users’ real-life fitness progress. This includes tracking strength, cardiovascular performance, and muscular endurance. Additionally, FighOut will feature a supportive online community where people can compete using their actual data from the app to compare each other’s accomplishments. As participants reach their physical goals in real life, so too will their avatars level up.
FightOut’s first gym is slated to open its doors in late 2023, offering patrons the highest standard of equipment and facilities available. In addition to a health bar and studio space for rent, there will also be a co-working area–giving customers high value for their membership fee. Futhermore, FightOut has an ambassador program that will see top boxers and other world renown athletes offering masterclasses and hosting other events.
FightOut’s $FGHT token is captivating the attention of major investors with presale bonuses up to 25%, making it one of the best cryptos to buy today. Thanks to strategic alliances with notable companies such as LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs for financial and logistical support, this project is expected to be highly successful upon launch.
OKX has made headlines recently with its announcement that it will list the BNB trading pairs on its spot trading platform. Investors have responded positively, pushing up the price of OKB by more than 4% in 24 hours and making it one of the top 50 cryptocurrencies in the market.
JUST IN: @okx announces listing of #Binance's #BNB on the spot trading markets!
— BSC News (@BSCNews) December 20, 2022
OKB’s price is currently sitting at $22.621, and it appears to be on the verge of breaking through a formidable resistance area between $22.8 and $23.3, which has continually been rejected throughout 2022 — with notable attempts in January, February, March, August, and November. The positive news that BNB will soon list could be just what OKB needs for the extra boost it’s been seeking to break free from this crucial resistance zone. If it does, this may be one of the best cryptos to buy today. As always, nothing is certain, however, so take proper risk management precautions.
If successful, the next target price is $27 for a potential 16% swing to the upside.
Dash 2 Trade (D2T)
Dash 2 Trade’s pioneering trade analytics and social sentiment tracking platform could revolutionize crypto trading. Boasting an array of advanced features and an already thriving community coming in from the parent company’s Learn 2 Trade platform, Dash 2 Trade offers investors with a lucrative opportunity in light of FTX’s collapse–with high demand for tools that will allow investors to avoid such scams in the future.
Traders can unlock the full capabilities of Dash 2 Trade’s platform — such as trade signals, a listing alert system for upcoming coins, and social sentiment indicators — by subscribing with D2T tokens. Additionally, they can benefit from the pre-sale token scoring system and strategy back-testing tool that allows traders to test out potential trading strategies before executing them in real time. With a simple auto-trading feature that connects to exchange APIs, traders can also easily put strategies and data into action while monitoring the success rate of the auto-trader for fine tuning.
Dash 2 Trade is on the cusp of completing its token presale and has already amassed an impressive $10.4 million in funding. Additionally, their development team is ahead of schedule and soon members of the public will be able to access Dash 2 Trade’s presale dashboard.
Huobi Token (HT)
The move by the Commonwealth of Dominica to team up with Huobi in offering digital identities through the Dominica Coin (DMC) is a bold and groundbreaking move. As Dominica looks to attract talent from the Web3 and metaverse space, it is possible that this example could be followed by other countries and provide significant gains for Huobi token (HT).
This has been reflected in its price performance as Huobi Token (HT) traded higher at around $6.37 in early December, compared to around $4.30 in the early summer.
As of writing, the cryptocurrency is trading at $5.24 and down 3.55% for the day as it attempts to find support and consolidate in this area. If it shows signs of doing so, it could be one of the best cryptos to buy today. The next significant support if the price continues to fall further is at $4.20 to $4.23. The next immediate target is the psychological resistance of $6.
Join the mission to transform EV charging and simplify carbon credits by participating in C+Charge’s public presale. As a peer-to-peer payment system, C+Charge’s focus is on making carbon credits available to electric vehicle drivers while making it easier and more transparent for them to charge their cars.
The EV industry is currently struggling with inadequate charging stations, incomprehensible price models, and limited information. The C+Charge network uses blockchain technology to bridge the gap between EVs and independent charging points. To make it easier for drivers to find their nearest charge point, they are creating the C+Charge app, which allows users to find reliable charging options at transparent prices and easily pay for charging while earning carbon credit rewards.
Now is your chance to get on board with C+Charge’s pre-sale, where you can purchase tokens at an initial price of 0.013 USDT per token (1 CCHG). The value will steadily increase in four stages up to the max rate of $0.02350. 40% of the total 1 billion tokens are available for public sale.
The Hashgraph Association has recently welcomed over 35 projects from various industries into the Hashgraph Innovation Program. These projects will be given professional coaching and grant funding of up to $250,000 for startups, $750,000 for enterprises, and $1.5 million for government-led initiatives that aim to promote the mainstream use of Hedera. Participating projects will develop Hedera-powered solutions in a range of fields including FinTech, InsurTech, GreenTech, AgriTech, SportsTech, MediaTech, Defi Stablecoins, and others.
Hashgraph Association Funds First Round of Projects for Innovation Program https://t.co/ho3XBITCFb
— Crowdfund Insider (@crowdfundinside) December 21, 2022
Currently, HBAR is trading at $0.0426 after closing with a 4.65% gain yesterday. The crypto is attempting to break through the support-turned-resistance area of $0.043 – $0.044 and although it has dropped by 0.47% for the day, if it successfully remounts onto this significant area and moves further to the upside, its next destination could be the psychological resistance point of $0.051, offering a potential 15% swing.
With Calvaria, players compete in strategic afterlife-themed world of collecting, trading and battling using NFT character cards. With a free-to-play version that require no cryptocurrency, the team seeks to open the doors for newcomers to explore the Web3 gaming experience and convince them to join the play-to-earn version to earn rewards.
The RIA token not only provides gamers access to a wide range of in-game activities, but also enables them to earn passive income by staking their tokens. Thus far, the presale has successfully raised $2.46 million and is now in its last stage.
RobotEra invites players on a journey to explore and restore the planet of Taro, which was devastated in an apocalyptic event. With its straightforward tools, anyone can develop their own robotic friends without any programming experience or skills. NFT-based robots can be customized and then traded on the in-game marketplace.
RobotEra is a fun, yet potentially profitable play-to-earn game that rewards players with in-game currency for completing tasks and staking claims. Players can also make money by selling advertisement space on billboards or structures inside the game world. If they are feeling entrepreneurial players can also host events and charge other players admission fees.
RobotEra plans to introduce virtual and augmented reality elements by 2023, opening up new possibilities for players to generate money from a more immersive game world.
Within weeks of its presale launch, RobotEra has already raised an impressive $593K and shows no signs of slowing down as it speeds towards the $1 million mark–making it one of the best cryptos to buy today.
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Fight Out - Next Big Train-to-Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $5M Raised
- Real-World Community, Gym Chain
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