Cryptocurrencies are for the most part trading with a negative bias on Wednesday given the downbeat tone to trade on Wall Street. Bitcoin was last changing hands in the $16,600s, as it continues to struggle to get above its 21 and 50-Day Moving Averages, though it still remains within recent ranges.
Trade is likely to remain fairly quiet for the rest of the week given a lack of volumes as the end of the year approaches. Here is a list of altcoins tokens that have either been strong performers as of late, or are expected to be strong performers in the coming months.
FightOut (FGHT) – Presale Now On
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. FightOut, which touts itself as the future of move-to-earn, wants to change that in 2023. FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing within a first-of-its-kind fitness metaverse.
While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part. FightOut seeks to combine the physical and web3 worlds.
The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience. At the center of FightOut’s digital ecosystem will be its smartphone application which, according to FightOut’s whitepaper, is scheduled for launch in Q2 2023.
The FightOut app will harness smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, and can mint their own soul-bound token avatar, through which the user will be able to interact with the FightOut metaverse.
FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to enter competitions and leagues with FGHT, and winning will be paid out in FGHT.
FGHT can also be used in peer-to-peer fitness wagers. FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to move fast to secure their tokens, with the pre-sale having already raised nearly $2.5 million in just a few days. FGHT is the token that will power the FightOut crypto ecosystem.
OKB, the utility token of the OKEx cryptocurrency exchange, has been a strong performer in recent months, and at current levels just under $24 per token, is up around 150% from earlier yearly lows. OKB’s run of strong gains has been motoring as of late, with the cryptocurrency up around 3.3% this week despite broader cryptocurrency malaise, with the cryptocurrency eyeing a break above resistance in the $23-25 area that could open the door to a run higher back towards late 2021 highs in the $33.50 area.
Dash 2 Trade (D2T) – Presale Enters Final Stage
Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with a host of unique features. These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool.
Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features. Dash 2 Trade is currently conducting a token pre-sale at highly discounted rates and sales are close to surpassing $11.2 million. The pre-sale dashboard is going to be released soon, with the development team currently running ahead of schedule. Tokens are currently selling for $0.0533 each and investors only have eight more days to bag them at the current discounted price.
XRP, the native token to the Ripple blockchain, is about 2.5% lower on the day on Wednesday. However, versus the start of the week, it is still about 3.6% higher, despite failing to hold above the 21-Day Moving Average or to crack above resistance in the $0.37 area. However, if the cryptocurrency can make it above these levels in the coming days and muster a push above its 200DMA at $0.3850, it could break to the north of a pennant structure, that could in turn open the door to a rapid rally back towards H2 2022 highs in the $0.56 area.
C Charge (CCHG) – Presale Now On
The carbon credit industry is projected to be worth $2.4 trillion by 2027. Democratizing access to accrue these benefits is going to massive business in the years ahead and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow the drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to boost the role of carbon credits as a key incentive for the adoption of EVs. At present, large manufacturers of EVs like Tesla earn millions from selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to find themselves in the hands of the EV owners, rather than just the big businesses.
C+Charge has just started its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are currently selling for $0.013 each, though by the end of the presale this will have risen by 80%. In just a few days, the project has already raised over $35,000. Thus, investors interested in getting in early on a promising environmentally friendly cryptocurrency project should move fast.
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