Trent Rhode
The crypto market has seen a dip on Thursday so far, with Bitcoin (BTC) sinking below $23,000 for the first time in two weeks. The leading cryptocurrency is down to a two week low of $22,530 as of writing. In this investment climate, what are the best cryptos to buy today?
The dip in the market comes after a strong performance by Bitcoin in January, which saw BTC’s price rise by nearly 40%, along with raising investor hopes for a resurgence in the bull run. The decline in Bitcoin’s value caused a loss of nearly $10 billion in market capitalization, falling from $448 billion on Wednesday to $437.9 billion.
Regulatory scrutiny has been a contributing factor to the dip in the market, as the US Securities and Exchange Commission (SEC) investigates popular cryptocurrency exchange Kraken for alleged securities law violations. Reports indicate that the investigation is in an “advanced stage” and a settlement could be reached in the near future.
Is the #SEC considering a ban ❌on #crypto staking for retail customers?
“I hope that’s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen,” tweeted Coinbase CEO @brian_armstrong.https://t.co/K0KWmfQrE6 https://t.co/weB68Jslgu
— Forkast News (@Forkast_News) February 9, 2023
On the same day, Coinbase CEO Brian Armstrong took to Twitter to address rumors that the SEC was looking to eliminate crypto staking in the US for retail customers. Armstrong expressed his hope that this would not happen, calling staking a “truly important innovation in crypto.”
Ethereum (ETH) also saw a decline, with prices failing to break out from the $1,700 psychological resistance after reaching a high of $1,696.09 in the previous session. ETH’s price is currently trading at $1,621 with a loss of around 1.5% for the day. The relative strength index (RSI) for Ethereum appears to have found a fairly stable floor at the 58 mark, which has given confidence to some investors.
In light of cryptocurrency prices taking a slight downturn due to regulatory pressures, investors may wish to look reexamine their portfolios and take advantage of the dip. Early-stage tokens, such as those in presales, may provide attractive investment opportunities that should not be overlooked.
Investors should focus on tokens that have a strong fundamental and technical outlook, such as MEMAG, LDO, FGHT, RPL, CCHG, FXS, and TARO. These tokens could be worth considering for those who are looking for the best cryptos to buy today.
Meta Masters Guild’s Unique Metaverse Spin Makes it One of Best Cryptos to Buy Today
Meta Masters Guild (MMG) seeks to unite gamers from a variety of platforms and genres in one distinctive digital space. By leveraging blockchain and Web3 technology, this groundbreaking platform will make it possible for players to join tournaments, leaderboard competitions, receive rewards, and roam freely within the community metaverse trading and socializing.
Is GameFi the Next Crypto Narrative?
The popularity of AI assets like Fetch AI has investors on the lookout for the next big thing in crypto. Web3 and play-to-earn markets are attracting attention, and some believe GameFi could be the next big player. Projections predict the GameFi market will reach $104.5 billion by 2028, presenting a huge opportunity for MMG.
The guild’s upcoming launch of Meta Kart Racers in Q3 2023 in partnership with top game studio Gamearound, has already impressed industry leaders. Gamearound CEO, Gideon Clifton, recently announced a playable version of Meta Kart, offering a complimentary NFT character and kart for gamers to try out. Premium items, such as customizable karts, will also be available in the MMG NFT marketplace.
MMG prioritizes fun and entertainment over in-game economics, differentiating itself from other play-to-earn platforms that require in-game purchasing of stat boosters to win. The use of NFTs will allow gamers to own parts of the games they play and trade them in a native marketplace, similar to the lucrative CS:GO skin market.
MEMAG will serve as the means of settlement throughout the MMG ecosystem, but also offer governance and staking features. As the presale nears its end, interest in GameFi is increasing and could further boost sales. With a clear roadmap, MMG has the potential to thrive in the growing GameFi market.
Another crazy milestone for the MEMAG community today!#MEMAGFAM has raised over $3.5 million
If you haven't already, now is a prime opportunity to join the metaverse and become a member of the MEMAG family⚔️https://t.co/SBqVjX5mWn#BlockchainGaming #Presale #P2E pic.twitter.com/Ob1mISpur0
— Meta Masters Guild (@MEMAGgames) February 8, 2023
The latest stage of the presale for Meta Masters Guild (MMG) is close to selling out, with stage 6 nearly at its goal of $4.165 million. The final stage of the presale will see the price of MEMAG tokens rise from $0.021 to $0.023
Investors can easily buy MEMAG through the MMG website using either ETH or USDT, and connect their Wallet Connect or MetaMask wallet for a secure purchase.
Lido DAO (LDO)
Lido DAO has been attracting attention in the DeFi market, setting an intra-day high of $3.028, which was also the year-to-date high for the token. LDO price attempted to break the psychological resistance of $3 and retested the resistance range of $2.941 to $3.1, but faced immediate selling pressure. Despite this setback, the price of LDO has remained relatively stable and is currently trading at $2.43, down by nearly 1.5% for the day.
Even with its recent decline in value, the outlook for Lido DAO remains optimistic. This token has continually exhibited its strength during periods of market instability and nearly breached the $3 resistance–indicative of a promising future. The next significant support for the cryptocurrency is $2.
Data from DeFiLlama indicates that the total value locked in the Lido protocol continues to see steady growth, reaching a year-high of $8.56 billion. This sustained growth is a testament to the continued interest in the DeFi ecosystem and the promise of Lido DAO.
Fight Out (FGHT) Bringing Innovation to Fitness Apps
A revolution is brewing in the world of fitness, with the Fight Out platform at the forefront. This cutting-edge platform merges a sophisticated Web3 app with a cutting-edge gym chain to create a one-of-a-kind fitness experience.
One of the defining features of Fight Out is its reward-based workout system. The M2E app motivates users to reach their fitness goals with REPS tokens, melding financial incentives with friendly competition. This creative approach sets Fight Out apart from other fitness options and provides a more compelling workout experience.
Fight Out’s gyms are also a departure from conventional fitness centers. Equipped with “mirror” profiles and workout tracking technology, the state-of-the-art facilities offer real-time exercise tips and a personalized experience. This blend of technology and customization makes Fight Out’s gyms a major milestone in the fitness industry.
Fight Out has also earned the backing of renowned athletes such as UFC’s Amanda Ribas and former WBO middleweight champion Savannah Marshall, who will lead educational events and elevate the project’s profile in the fitness world.
Investors can also benefit from Fight Out’s potential for growth, with a bonus of up to 50% available on investments over $50K. FGHT tokens have already raised over $4 million in the presale, making it one of the best cryptos to buy today.
Rocket Pool (RPL)
Rocket Pool’s RPL token saw a significant price jump in response to rumors of a possible ban on staking providers by the US Securities and Exchange Commission (SEC). A tweet from Coinbase CEO Brian Armstrong sparked widespread speculation that sent tremors through the crypto space, prompting investors to turn to other digital asset-staking options.
As a result of this uncertainty, the value of staked assets in the fourth quarter of 2022, which was estimated to be around $42 billion, saw a sharp increase in interest in decentralized staking products. Tokens of market leaders such as Lido and Stader also saw significant price bumps as investors sought to capitalize on the growth potential of DeFi alternatives.
With the highly anticipated Shanghai upgrade on Ethereum set to take place next month, which will allow investors to withdraw their staked ether, there is no doubt that interest in staking and decentralized staking products like Rocket Pool will continue to grow. The rumors of a possible ban by the SEC have only added fuel to this fire.
Currently, Rocket Pool’s price is at $43.21 with a 6.21% gain for the day. The cryptocurrency has posted an intra-day high of $49, inching closer to the $50 psychological level. Taking a look at the 4-hour timeframe, immediate support may be found at $43.
C+Charge Charging Up for EV App Launch
Electric vehicle owners will soon have access to a seamless and informed charging process, thanks to C+Charge’s innovative blockchain technology platform. In addition to cost clarity prior to even plugging in, drivers also have the opportunity to earn carbon credits through cryptocurrency rewards.
With a Flowcarbon partnership, C+Charge is making carbon credits more accessible to the general public, offering EV drivers the chance to earn Goodness Nature Tokens ($GNT) with each use of the app.
Property owners can also take advantage of the platform’s ability to monitor energy consumption during each charging session, reducing the risk of overcharging non-EV drivers for electricity.
Investment opportunities are available now, with token prices starting at $0.013 USDT and set to increase in three stages until reaching $0.02350.
Frax Share (FXS)
In an attempt to breach the resistance range between $13.75 and $13.91, FXS managed to reach a peak of $14.26 before coming across selling pressure that drove it down all the way to its current price at $11.64 as of this writing–resulting in a decrease of 1.46% so far for the day.
The 20-day Exponential Moving Average (EMA) stands at $10.66, while the 50-day EMA is at $8.80 and the 100-day EMA is at $7.54. The Relative Strength Index (RSI) is 62.05, indicating a neutral market trend.
The MACD indicator reveals a negative picture as the current day’s MACD histogram is -0.002, while the previous day MACD histogram was 0.035. The volume of FXS is 5.912 million with a previous day volume of 3.109 million and a volume moving average of 1.932 million.
The immediate resistance for Frax Share is in the range of $13.751 to $13.905.
The potential support for the cryptocurrency is at $10.516 to $10.754, which is in confluence with the 50-day EMA. This could provide a floor for the price, where it could consolidate before potentially moving to the upside once again.
RobotEra (TARO) Creating New Metaverse Gaming Experience
The upcoming RobotEra (TARO) platform is taking the metaverse to new heights with a more interactive and immersive gaming experience by incorporating both virtual and augmented reality.
With the capability to build and personalize robots, environments, and buildings, and earn revenue through various means, RobotEra is poised to bring a new level of excitement to the metaverse.
The Saudi Arabia-Sandbox partnership may be the catalyst to ignite interest in the metaverse and metaverse gaming platform markets, including RobotEra.
The UK takes steps towards crypto regulation with its #Britcoin proposal!
This could be great news for tokens like $TARO
Don’t miss out – the token is available in the UK as well as internationally
Learn more ⬇️https://t.co/BAR0I5LNtV#Presale #P2E #Play2Earn
— RobotEra (@robotera_io) February 9, 2023
In RobotEra, players can enjoy a world-building experience and monetize their gameplay in various ways, such as renting out building spaces, organizing fee-based events, and more.
RobotEra combines the creative freedom of Minecraft and the futuristic elements of the Taro world to offer a unique metaverse gaming experience. The game features a sophisticated economy powered by TARO, a potential competitor in the quest for the next leading metaverse cryptocurrency. TARO holders can also earn passive income through staking.
Unlike other metaverse projects, RobotEra is designed to be user-friendly and accessible to a wide range of players with tools that do not require programming skills. This opens the door for anyone to take advantage of its powerful world-building tools.
The use of non-fungible tokens (NFTs) is a key aspect of the game. Players can acquire NFTs that give them ownership of land and other assets, contributing to a thriving virtual community with tradeable assets.
Gamers can also design and run their own digital games in designated areas and earn rewards, connecting with other players.
Boasting an impressive token presale raise of $844K, RobotEra is primed for success when it launches, making it one of the best cryptos to buy today.
Related:
New York University Integrates Near Protocol To Offer Metaverse Studies
The Next Big Metaverse Coin Is Going Into Space, And You Can Invest in Its Presale Now –
The Sandbox Price Can Explode in 2023 But These Coins Are Better Metaverse Plays
Love Hate Inu - Next Big Meme Coin
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This article was written for Business 2 Community by Trent Rhode.
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