After hitting a milestone figure earlier today, investors are excited about Ethereum and its prospects. However, what are the chances of a massive increase above the $3,000 mark this month?
How ETH Has Performed
At press time, ETH trades at $1,401. The digital asset was able to cross the $1,400 mark earlier today for the first time in two months, benefiting significantly from the improved market sentiment. The asset is up by 12.8% in the past week, with many investors excited about a possible reclaim of lost highs.
The surge in ETH’s price has led to an improvement in the asset’s technicals. Ethereum is now ahead of all of its major moving average (MA) indicators, ranging from the 10-day MA of $1,399 to the 200-day MA of $1,357. While the short-term MA metrics are still very close to its price, a sustained rally should be sufficient to get ETH to a strong lead.
A positive moving average convergence divergence (MACD) shows that Ethereum gives off a buy signal. However, its relative strength index (RSI) of 57.26 shows it is quickly approaching the overbought region. The RSI for ETH has risen significantly in the past few hours, indicating that more investors are starting to notice its price rises.
ETH Performance Depends On Market Outcome
As for the prospects of a larger boost from ETH, investors are currently looking at the traditional market. The Federal Reserve is still looking to manage inflation, and investors are more optimistic about the possibility of inflation slowing down after the Labor Department data confirms a drop in wage increases for nonfarm payrolls in December.
Consumer Price Index (CPI) data is set to be released today, which will show where inflation stands at the moment. Better-than-expected numbers should encourage the Fed to cut interest rate hikes, thus bolstering the prices of risky assets like Ethereum.
Buy High-Value Presales Today
As investors continue to watch the prices of legacy cryptocurrencies, several new coins in the market could also deliver value for those looking for gains. Some of these assets include:
C Charge (CCHG)
CCHG is the native token for C+Charge – a new platform that delivers massive value for electric vehicle owners. C+Charge was built to provide a better and more convenient way for EV owners to charge their vehicles while incentivizing them with the opportunity to get carbon credits.
With C+Charge, customers gain access to a mobile app that provides real-time information about charging stations close to them. The app also helps customers diagnose their vehicles, so they know what needs to be repaired or replaced.
Attention C+Charge Crew!
We have already raised over $250,000!
— C+Charge (@C_Charge_Token) January 12, 2023
The CCHG token is available on presale, with a capital raise of $259,000. The presale is in its early stages, and investors can buy 1 CCHG for $0.013.
Fight Out (FGHT)
FGHT is an ERC-20 token that acts as the primary ecosystem coin for Fight Out – a fitness platform that incentivizes users to keep fit and pursue their fitness objectives.
Fight Out looks to provide a trusted way for users to maintain their fitness and grow. It tracks multiple metrics, allowing users to keep tabs on their fitness and health over time. As more progress is made, users get rewarded with tokens.
Stay motivated on your fitness journey with Fight Out!
Earn rewards for completing workouts and challenges as your progress on your journey, there's always something to work towards.
— Fight Out (@FightOut_) January 11, 2023
In addition, Fight Out allows users to specify their goals and engage in workouts geared toward them.
FGHT powers all transactions and payments within the Fight Out ecosystem, including its apps and metaverse service. The digital asset is available on presale, with a capital raise of $2.87 million.
Meta Masters Guild (MEMAG)
Fans of the gaming space will be excited about the MEMAG token. The coin was developed by the Meta Masters Guild – a gaming collective looking to bring different games under one roof.
With the MMG, the goal is to create a universe of games, each standing alone. All the games will use the MEMAG token as their native asset, rewarding players and contributors for their work. Already, there are three games within the MMG ecosystem. As more games get added to it, the prospects for the platform, as well as its native token, will continue to grow.
The $MEMAG Presale is now LIVE! Ⓜ️
Invest in the future of blockchain gaming with Meta Masters Guild.
— Meta Masters Guild (@MEMAGgames) January 11, 2023
Meta Masters Guild has raised over $50,000 in the first 24 hours after launching its presale yesterday, indicating significant market interest in the new play-to-earn crypto gaming platform.
Its presale will have seven stages, with the first and current stage offering 1 MEMAG for $0.007 USDT. This price is expected to rise by 42% next week, then increase to $0.023 by the seventh stage, resulting in a 228.5% gain for early investors.
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Fight Out - Next 100x Move to Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $4M+ Raised
- Real-World Community, Gym Chain