After hitting an all-time high in 2021, the crypto market experienced a steep downturn 2022. Despite this slump, many investors continue to believe firmly in digital currencies and their potential for growth as global demand remains strong, as evidenced by the best January since 2013 for the crypto market. Read on to learn more about current trends impacting investments in cryptocurrencies, along with some ideas for promising altcoins.
The deVere Group recently released the results of a survey they conducted with 560 high net worth individuals (HNWs) across Europe, North America, Asia-Pacific, Africa and South America. It revealed that an astonishing 82% of millionaires in the surveyed range ($1.23 million to $6.16 million) have sought advice on cryptocurrencies within this past year; showcasing a growing acceptance of cryptos among wealthy investors globally.
“If HNWs were expressing such huge interest in the 2022 bear market, as market conditions steadily improve, they’re going to be amongst the first to capitalise in the forthcoming bull run,” said Nigel Green, founder and CEO of deVere Group.
Green and other industry leaders explain that the plummet in cryptocurrency prices was caused by investors withdrawing their capital from risk assets due to fears of ongoing inflation and a 2023 recession.
“Interestingly, this typically more conservative group were not deterred by the bear market and adverse market conditions. Instead, they were looking to either start including or increasing their exposure to crypto,” said Green.
Crypto Market Sees Growth as Institutional Investors Invest in Cryptocurrencies
This trend is borne out by the fact that in recent months, the crypto market has seen a surge in institutional investment, with traditional finance companies like JPMorgan and Fidelity entering the arena by offering crypto-related services to their customers.
This trend can also be seen in a recent study by PwC, which revealed that almost a third of the 89 hedge funds surveyed were already investing in digital currencies such as Bitcoin.
Cryptocurrencies are not the only area of growth in the crypto market, however. The underlying technology of cryptocurrencies, blockchain, offers exciting growth opportunities beyond digital currencies. From identity management to tokenized securities, blockchain has the potential to revolutionize entire industries, making many projects in the space attractive investments.
Wise Investment in Crypto Markets: Risks and Due Diligence
Despite the exciting opportunities, investors must understand the risks associated with investing in cryptocurrencies and only invest money that you are willing to potentially lose. Due diligence is crucial when selecting projects, and it is important to ensure that the projects comply with legal regulations and have trustworthy teams before investing.
Investing in cryptocurrencies requires a careful examination of a project’s real-world applications to determine if it offers genuine solutions or simply capitalizes on blockchain trends without providing actual value. The ability of a project to address practical issues can greatly affect its long-term success and ROI prospects.
For those seeking high ROI, presales of cryptocurrencies may be an option. Through informed investment choices and careful vetting of the project, presales can offer great returns.
Crypto experts suggest considering investment options such as MEMAG, FGHT, CCHG, and TARO for potential returns.
Meta Masters Guild Investing in Web3 Cryptocurrency Gaming
Meta Masters Guild is an upcoming Ethereum-based play-to-earn gaming platform and Web3 gaming guild dedicated to creating community and game ownership for engaging mobile Web3 games.
The first game to be released by the guild will be Meta Kart Racers, a free-to-play racing game with play-to-earn features. The game will be available on both iOS and Android devices and will include both solo arcade mode and online player-versus-player options. Players will be able to spend their MEMAG tokens to purchase rare in-game items and upgrades, as well as the chance to win rare NFT-based characters that can be played with or sold.
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MEMAG, the native token of Meta Masters Guild, will be a governance and utility token. It will have a fixed maximum supply of 1 billion and will be usable for votes, staking, and purchasing in-game items. The token will also have the potential to become deflationary if demand continues to rise.
The platform has already partnered with other development firms, such as RWaltz, and its developer, blockchain-based gaming studio Gamearound, has a proven track record. This all suggests that Meta Masters Guild is shaping up to be a formidable player in the blockchain-based gaming industry.
MMG’s MEMAG token has gained considerable attention recently with its presale raising over $2.2 million and counting. There are only two days left before the fifth of seven stages launches, making this one of the last opportunities to get MEMAG tokens ahead of their exchange listing.
The meteoric surge of presale success can be credited to strong word-of-mouth, with some days collecting over $100,000. People interested in investing in MEMAG cryptocurrencies can do so by visiting the official Meta Masters Guild website and using Wallet Connect or MetaMask wallets to purchase MEMAG through either ETH or USDT.
Fight Out (FGHT) Invests in Cryptocurrency Move-to-Earn App
Crypto analysts are predicting Fight Out (FGHT) will make all the right move with investors and users. This innovative upcoming app and gym chain will offer an unprecedented fusion of advanced technology with community support, helping members realize their physical aspirations with rewards and social engagement.
The Move-to-Earn (M2E) app is redefining what fitness apps are capable of by creating a link between high tech gyms, a metaverse community, and user reward programs that award REPS tokens based on goals achieved. The application will also go beyond merely tracking steps taken and track other exercises as well, setting a new standard for interactive fitness apps.
Fight Out’s gyms will also feature Web3-connected tech including “mirror profiles” and sensors that offer real-time feedback during workouts.
One of the biggest issues that members face in traditional gyms is a lack of progress, as they experience initial results but then quickly plateau. This is often due to a lack of knowledge, guidance, and workout personalization, leading to muscular imbalances and joint problems. The sedentary lifestyle that many people lead, with long hours sitting at a desk and increased screen time during leisure, has also contributed to the rise of health issues such as obesity, heart disease, and diabetes.
Fight Out is offering a solution that is more comprehensive, personalized, and motivating than traditional gyms. By utilizing NFT avatars that represent their progress, along with REPS token rewards, users have a constant and tangible representation of their fitness journey, which helps keep them motivated and on track.
The company’s focus on community and personalization, along with its innovative use of Web3 and M2E technologies, sets it apart from traditional gyms and boutique fitness solutions. Whether you are a seasoned fitness enthusiast or a beginner just starting out, Fight Out is a game-changer that you won’t want to miss.
This innovative idea has already earned endorsement from several high-profile UFC champions such as Amanda Ribas and Taila Santos, not to mention former WBO middleweight champion Savannah Marshall who are all part of its ambassador program.
Investors can who act now can take advantage of the current presale incentives, with up to 50% bonuses on investments over $50,000. The project’s FGHT has already raised more than $3.7 million during its presale.
C+Charge (CCHG) to Shock Investors in Cryptocurrencies With Innovative App
To make electric vehicle ownership more accessible and convenient, C+Charge is developing a blockchain-based platform that simplifies the process of locating charging stations. Not only will drivers benefit from this technology but they can also be rewarded with carbon credit backed cryptocurrency for using it.
C+Charge offers a speedy and straightforward way to facilitate crypto transactions without the expensive costs or long wait times associated with conventional payment services. Their platform will also provide EV drivers with real-time transparency so they can precisely measure the expense of each charging session.
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By uniting forces with Flowcarbon, C+Charge will make carbon credits more accessible to consumers rewarding EV drivers who use the app with the Goodness Nature Token ($GNT).
For building owners seeking a reliable means to track energy expenditure from each EV, C+Charge has the perfect answer. Their app can track each charging session which motivates landlords and businesses to install their own chargers without worrying about overcharging for electricity for non-EV owners.
Presently, investors have the chance to purchase C+Charge tokens at an initial price of $0.013 USDT before the price is raised incrementally over three stages until it reaches its final value of $0.02350 per token, making this the perfect time to invest in the cryptocurrency.
Best Crypto to Buy Today 1 February – MEMAG, IMX, FGHT, LRC, CCHG
Don’t Miss Your Chance to Get in on the Next Big Crypto – Presale Reaches Over $2.2 Million
Crypto-Based Electric Vehicle Charging Solution Hits $470,000 in Funds Raised – Time to Buy?
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
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