Trent Rhode
U.S. stock indices had a depressed opening this morning as markets remain uncertain while we anticipate the Federal Reserve’s February 1 announcement of a 25 basis point rate increase. Although the Fed looks likely to slow down their rate increase pace, with ongoing economic uncertainty what happens next remains a mystery. Read on to learn what some of the best cryptos to buy today are in this current market backdrop.
With macro events occurring throughout the week in addition to major tech earnings being released, risk asset markets have been left feeling uneasy while they wait for further clarity. Bitcoin’s price, for one, has been consolidating for the previous 10 days, moving between $22,300 and $23,900. It’s currently sitting at $23,172.49 and down 1.47% in the past 24 hours.
GM! BIG WEEK AHEAD
Wednesday
> FOMC – Intrest Rates Decision
Est. 25bps Hike
> Powell Press Conference
> Meta EarningsThursday
> Bank of England & European Central Bank Rate Decision
Est. 50bps Hike
> Apple, Alphabet and Microsoft Earnings
Friday
> Unemployment Rate
— Satoshi Stacker (@StackerSatoshi) January 30, 2023
Despite market uncertainty, there remain good opportunities in the crypto market, particularly for finding undervalued gems with strong fundamentals; five cryptos—MEMAG, APT, FGHT, FTM, and CCHG—point to being some of the best cryptos to buy today based on fundamental and technical indicators.
Uniting Gamers Worldwide: Meta Masters Guild to Launch Web3 Gaming Guild
Meta Masters Guild (MMG) is shaking up the Web3 gaming sphere with its upcoming “Web3 Gaming Guild”–an intriguing gaming network looking to unite players in different mobile games from various genres to create a trans-game economy based on an innovative metaverse community.
Through harnessing blockchain technology and maintaining a decentralized community, MMG is looking to engage gamers from around the world to create a unique, community-driven gaming experience. With a seeming passion to deliver an interactive atmosphere that sparks fun, trade, and collaboration while tackling current issues gamers face, the MMG team looks determined to make their mark.
MMG will offer an array of high-quality games along with integrated Non-Fungible Tokens (NFTs) and crypto rewards. It is being designed to acknowledge players for their loyalty and skill, granting them MEMAG cryptocurrency as well as influence over certain elements within the game world. Through its open economy system, users will be able to swap Gems rewards earned in-game or NFT-based inventory for crypto rewards which can be turned into real money or other NFT items inside MMG’s games.
To start with, MMG is creating Meta Kart Racers–an adrenalin-pumping racing game with player vs. player and single-player playing options that can be enjoyed on any mobile device.
MMG is working on several other Web3 games as well that have been unveiled for the Meta Masters Guild ecosystem.
The MEMAG token presale launch has been an immense success so far, gaining a lot of attention from traders and raising a total of $2.1 million in only a few weeks’ time.
Aptos (APT)
The Aptos (APT) price has recently seen a decline, with the current price at $17.6369, a drop of 3.77% from the previous day’s close of $18.3357. The RSI of 80.34 suggests that the asset is currently in overbought territory, indicating there could be a correction in the near future.
The MACD histogram has seen a decline from the previous day’s value of 0.8081 to 0.6410 currently. This decline in the MACD histogram is a bearish signal and could further confirm the potential for a short-term correction. Additionally, the volume of 11.235 million is below the volume moving average of 18.267 million, suggesting that there is a lack of demand for the asset in the market.
The immediate potential support for the price is at $17.34, in confluence with the fib 1.414 at $17.72. If this level fails to hold, the price could go lower to its previous high of $14.59. If the price drops to these levels, it could provide an opportunity for the bulls to step in and start the next part of a potential continuation to the upside. The immediate resistance for the price is $20.
While the current price movement of Aptos (APT) suggests a potential short-term correction, the presence of key support levels and bullish indicators, such as the RSI, indicate that the asset could still see a resurgence in the near future.
Although Aptos could still be a buy, other cryptos such as Fight Out may have more potential upside, as Aptos begins to experience a pullback today.
Fight Out (FGHT) in the Fight to Keep You Fit
Fight Out is ready to break a sweat with its upcoming gym chain and revolutionary Web3-based fitness app that will bring the latest tech advancements to the world of health and wellness. The cutting edge platform will offer exclusive workout programs tailored specifically for users while fostering a strong sense of community among users. The project aims to help users get fit, have fun, and earn rewards all at once.
Those who are dedicated to reaching their health objectives with the M2E app will be rewarded with REPS tokens. This not only promotes greater motivation, but also enables users to generate money through healthy habits. The development of this application is staged by an elite team of professionals that have passed CoinSniper’s thorough vetting process.
Fight Out will be launching technologically advanced gyms that feature interactive components such as “mirrors” to showcase user profiles and sensors for real time exercise guidance–providing a much more engaging gym experience. The project has also brought in well-known athletes like Amanda Ribas from UFC and Savannah Marshall, a former WBO middleweight champion into their ambassador program.
A few words from our #FightOut CEO!
Make sure to follow @CarIJonesF0 on Twitter and keep up to date on his Fight Out journey! pic.twitter.com/GHoTLhx6mU
— Fight Out Official Team (@FightOut_Team) January 28, 2023
Investing in Fight Out’s pre-sale event–offering bonuses of up to 50% on investments over $50K—is a chance to join this project on the ground floor. With more than $3.6 million raised already, the presale is about to enter its next stage when prices will raise, so now is a good time to get grab some tokens for FGHT, one of the best cryptos to buy today.
Fantom (FTM)
Fantom has announced plans to introduce version 2 of its fUSD stablecoin, giving the project a bit of a boost in the past week. Stakeholders will be able to allocate fees in either Fantom (FTM) or fUSD, providing a more predictable and cost-efficient system.
Users will also now able to use their FTM to mint fUSD and access decentralized finance (DeFi) applications such as lending and trading services. While migration from the old version of fUSD may require some debt liquidation, Fantom has created a swap tool that allows traders to settle their outstanding debt with DAI stablecoin instead.
According to technical indicators, there appears to be potential for price growth of FTM up towards the immediate resistance of $0.6 in the short term. Its immediate support is at $0.44.
If this area doesn’t hold, the next potential support may be found at $0.40 to $0.41.
C+Charge’s Real Blockchain Use Case Makes for One of the Best Cryptos to Buy Today
C+Charge is set to drive change in the EV charging market with their game-changing peer-to-peer payment platform and rewards program powered by blockchain technology. Electric vehicle owners will be able to find and access charge stations quickly and securely while also earning carbon credit crypto as a reward with the platform, hopefully helping to spur EV industry growth.
Electric vehicle owners seeking a reliable and effortless way to locate charging stations as well as monitor and authenticate their charging sessions will find C+Charge indispensible.
Want to fight global warming smartly?
At C+Charge, we integrate #EVcharging and #crypto to help you reduce daily carbon emissions in the most convenient way
Buy $CCHG and join the revolution⬇️https://t.co/ixe18bPqzI
— C+Charge (@C_Charge_Token) January 19, 2023
Now is a good time to purchase C+Charge’s sustainable crypto tokens, CCHG in their presale–currently priced at $0.013 USDT per token–before they are progressively increased in three stages up until their final cost of $0.02350.
Related:
Panama Supreme Court to Make Historic Decision on Crypto Future: Will the ‘Crypto Bill’ Pass or Fail?
Shiba Inu Price Prediction as SHIB Price Jumps 50% in a Month, Here’s Where SHIB is Headed Next
SoFi Stock Rises on Q4 Earnings Beat & Strong 2023 Guidance
C+Charge - Eco Friendly Crypto with Real World Utility
- Democratizing Carbon Credits
- Incentivizing Wider Adoption of EVs
- Real Life Use Case for Web3 Technology
- First Platform Allowing EV Owners to Earn Carbon Credits On or Off Chain
This article was written for Business 2 Community by Trent Rhode.
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