This year has been a wild ride for the crypto markets. Covid-19, the FTX ecosystem downfall and Sam Bankman-Fried’s arrest, interest rate hikes, and of course the Russia-Ukraine War have all injected a great deal of Fear Uncertainty, and Doubt (FUD) into the market.
2022 has arguably been the most evidential year of #crypto markets being impacted by news events. As the year ends, traders are monitoring #covid, #FTX & #SBF, #interestrates, & #RussiaUkraineWar news. As #FUD on these 4 topics ease, prices likely rise. https://t.co/lGSyy5Pgx7 pic.twitter.com/e74lxs67B8
— Santiment (@santimentfeed) December 29, 2022
According to crypto market analysis firm Santiment, 2022 has arguably been the most eventful year of crypto markets ever for being impacted by news events. Thankfully, nothing lasts forever, not even bear markets, and there will be light at the end of this FUD tunnel for crypto investors who are willing to buy in during this market downturn to capitalize on depressed prices.
The below 5 cryptocurrencies are some of the best cryptos to buy today based on strong fundamentals, market sentiment, and/or technical analysis.
FightOut (FGHT)
Investors have recently been captivated by FightOut, an upcoming move-to-earn (M2E) app and gym chain that raised more than $1 million in its week-long private sale.
FightOut easily surpasses other M2E apps and stands alone in its capabilities–it integrates a wide range of fitness activities, not just steps taken. What’s more, you don’t need to purchase costly NFTs for the app; instead, users are rewarded simply for leading healthy lifestyles instead of completing menial tasks such as walking.
FighOut introduces several groundbreaking features, such as an avatar that follows your real-life fitness progress. This includes tracking strength, cardiovascular performance and muscular endurance. FighOut also provides a motivating online community where users can use their actual data to challenge others in the app. As participants reach their physical goals in reality, so too will they level up within FighOut–making the virtual experience all the more rewarding.
FightOut is planning to open its first a state-of-the art gym in late 2023. Featuring high calibre equipment, and facilities such as a health bar and studio space, FightOut will also offer a co-working area for customers–providing a lot of value for membership fees. Another interesting aspect of the project is that internationally renowned athletes are joining the company’s ambassador program, which involves hosting masterclasses as well as other events.
FightOut’s $FGHT token has captured the attention of sizable investors by offering bonuses up to 50%. The project has also attracted well-known partners like LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs for financial and logistics support. The project is approaching $2.5 million in its presale, which will continue for 4 stages with incremental price increases at each stage. With its innovative app plans tied to real gyms and promising interest from many investors already, FightOut is one of the best cryptos to buy today.
BitDAO (BIT)
BitDAO, a decentralized autonomous organization (DAO), launched in 2021 with a focus on web3 research and development, and is currently taking further steps to enhance its internal capital deployment. On Monday, a governance proposal was submitted that would initiate a $100 million buyback of its token beginning from the start of next year.
The plan calls for a target daily purchase amount of $2 million in USDT for 50 days starting January 1, at the end of which BitDAO will have spent $100 million in USDT to repurchase its BIT tokens. This is an extension of the previous buyback schemes by the DAO. Investors have, unsurprisingly, responded positively to this news.
After the close of yesterday’s Doji candle, BitDAO is up a whopping 21%, and is moving in on its $0.3438-$0.3524 resistance range. With such a big price spike and sitting so close to this crucial barrier, it would be wise for traders to wait until there is a confirmed breakout above the resistance before entering any trades, as a successful breakout here could result in another 13% rise toward the target of $0.40.
Dash 2 Trade (D2T)
Dash 2 Trade’s revolutionary trade analytics and social sentiment tracking platform could be a game-changing development for crypto trading. Comprehensive features, together with an active community from the Learn 2 Trade parent company, position Dash2Trade to provide investors with an enticing option in the wake of FTX’s failure. High demand exists for tools that can help protect against scams such as FTX–and Dash 2 Trade is exactly what savvy investors need.
Dash 2 Trade will be introducing a suite of features to help traders get a leg up in the markets. By subscribing with D2T tokens, traders will have access to trade signals, a listing alert system for upcoming coins and social sentiment indicators, among other features.
A presale token scoring system will also provide users with the opportunity to invest in specific tokens before they launch. The system will analyze projects and predicts their future performance and growth potential based on a variety of factors. The platform also includes a strategy back-testing tool that allows traders to simulate different trading strategies before actually putting them into action.
The auto-trading feature is one of the best features of Dash 2 Trade. With this feature, traders can easily connect to exchange APIs and put strategies and data into motion. The auto-trader continuously monitors success rates for fine tuning, so traders can be sure that their strategies are working optimally at all times, helpING traders remain in control of the trading process.
Dash 2 Trade is in the final stages of its token presale, with a little less than 8 days left, and has so far accumulated a noteworthy $11.4 million in funding with only 15% of tokens left. Their development team is ahead of schedule as well, meaning that soon members of the public will be able to access Dash 2 Trade’s presale dashboard, making D2T one of the best cryptos to buy today.
Bitcoin SV (BSV)
In 2022, the Bitcoin SV (BSV) token set its sights on the use of IPv6 technology. IPv6 is an improved version of the Internet’s base protocol that brings with it numerous benefits such as improved payments, increased security, and smoother transactions.
Dr. Craig Wright, a prominent figure in the BSV community, and President Professor Latif Ladid from the IPV6 Forum, were two of the most vocal proponents for increasing awareness about how easily IPv6 can integrate with Bitcoin protocols. Because of his enthusiasm and dedication to this cause, Dr. Wright was honored by being inducted into the IPv6 Forum’s Hall of Fame at the end of 2022–a move some in the crypto space no doubt found cringe-worthy given his reputation as a Satoshi Nakamoto impersonator.
Presently trading at $42.10, Bitcoin SV (BSV) has attempted to break out from the daily EMA 20 and EMA 50 today. After closing with negative returns for the past two days, BSV appears to have bounced from its previous support of $40.418 to $41.221 before resuming a positive price action trend.
Currently up by 3% for the day, the cryptocurrency must continue to consolidate and hold above this support area to continue its momentum to the upside. Traders can either trade this range with strict risk management and a target set to the immediate resistance area of $46 to $46.5 or wait for a breakout above this significant area for an added confirmation that there is a potential trend reversal.
C Charge (CCGH)
C+Charge was created to make EV charging and carbon credits accessible. As a peer-to-peer payment platform, C+Charge is devoted to providing electric vehicle drivers with easy access to carbon credits while making the experience of charging their vehicles effortless and transparent.
To confront the current challenges surrounding EVs, such as limited charging stations and unintuitive pricing models, C+Charge uses blockchain technology to bridge this gap. Their flagship app will allow drivers to locate reliable charging points in their vicinity at transparent prices while being rewarded with carbon credits for each charge.
Our presale is selling out fast
Don’t forget to join and buy some $CCHG before the price goes up in the next stage!
— C+Charge (@C_Charge_Token) December 28, 2022
Right now, buyers can acquire C+Charge tokens during the presale at a starting price of $0.013 USDT per token (1 CCHG). The price will steadily increase in four stages until reaching its price point of $0.02350. 40% of the total 1 billion tokens are available in the presale.
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