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Ethereum Price Prediction – ETH is Making Up For Lost Ground And Might Explode Soon – Time to Buy?

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author imageJoel Frank Last updated:

Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain and the second largest by market capitalization in the world, looks on the verge of an explosion higher to the $1,800 level. That’s because the cryptocurrency recently broke to the north of a short-term pennant structure and, on Friday, upon the retest of this chart pattern, found strong support, a bullish signal.

Given that ETH has already chopped through resistance in the $1,675 area, it should now be able to grind higher towards the next key level of resistance just under $1,800. That’s assuming that the latest much hotter-than-expected US jobs report, which unexpectedly saw both the rate of job gains in January accelerate and the unemployment rate drop, doesn’t dampen the market’s optimism.

Crypto prices had pumped earlier this week after the latest Fed meeting where, despite raising interest rates by 25 bps to 4.50-4.75%, the central bank’s chairman Jerome Powell didn’t come across as hawkish as some had feared. Indeed, a key pillar behind Ethereum’s 40% year-to-date rally is optimism that 2023 will be a much more favorable year when it comes to monetary policy and financial conditions as US inflation continues to rapidly drop.

Investors who take this view should consider investing in Ethereum, which may also benefit this year from various network upgrades, including the upcoming “shanghai” hard fork that will enable staked ETH withdrawals for the first time. But investors might also want to diversify into potentially higher return investments within the crypto space, such as crypto start-ups raising money via token presales.

Historically, early investors in successful presale projects have been able to secure the best returns possible in the crypto space. Here is a list of projects vetted by the team at Business2Community.com.

Meta Masters Guild (MEMAG) – Stage 5 Nearly Complete

Meta Masters Guild is an up-and-coming mobile-based web3 gaming ecosystem that is developing a host of fun and addictive games. The games will utilize non-fungible tokens (NFTs), allowing community members to earn rewards, as well as stake and trade. The platform hopes to in the future host dozens of viral games. Its first game, Meta Karts Racers will be released later this year.

Meta Masters Guild is currently in the fifth stage of its presale of MEMAG tokens, with the presale already one of the hottest of 2023. In just a few weeks, the crypto start-up has already managed to raise a whopping $2.7 million via MEMAG sales. Investors should note that they also stand a chance of winning a massive $100,000 in MEMAG tokens.

Visit Meta Masters Guild Here

Fight Out (FGHT) – Presale on Now

The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. Fight Out, which touts itself as the future of move-to-earn, wants to change that in 2023.

Fight Out is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges, and competing within a first-of-its-kind fitness metaverse. While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, Fight Out takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part.

Fight Out seeks to combine the physical and web3 worlds. The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience. Meanwhile, at the center of Fight Out’s digital ecosystem will be its smartphone application which, according to Fight Out’s whitepaper, is scheduled for launch in Q2 2023.

The Fight Out app will harness smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks and mint their own soul-bound token avatar, through which the user will be able to interact with the Fight Out metaverse.

FGHT is the token that powers the Fight Out metaverse ecosystem. FGHT can be used to pay discounted memberships to Fight Out’s gyms and digital products. Users will also pay to enter competitions and leagues with FGHT, and winnings will be paid out in FGHT and FGHT can be used in peer-to-peer fitness wagers.

Fight Out is currently conducting a presale of the FGHT token and has already raised a whopping $3.8 million. The token is scheduled to list across centralized exchanges in April at $0.033 per token. Investors should move quickly as if they secure tokens now, they could be sat on paper gains of around 100% by the time the crypto token lists on exchanges at the start of Q2. Gains could be even higher if investors make us of Fight Out’s generous bonus scheme.

Visit Fight Out Now

Tamadoge – Buy Now on Major CEX & DEXs

Tamadoge (TAMA) is a new spin on the Shiba Inu dog-inspired meme coin. Tamadoge is a meme coin with utility, given that it functions as the native currency of the Tamaverse, a web3 Shiba Inu gaming ecosystem. And it’s exciting times for the Tamaverse. Developers just released the first of five initial games that make up the Tamadoge Arcade.

Tamadoge Arcade players can play for free or earn TAMA if they compete in the games using a rare Tamadoge non-fungible token (NFT). Tamaverse is soon to also release its headline Shiba Inu NFT breeding/pet care game, which will allow users further play-to-earn options, including battling one another.

Tamadoge just added a new gaming industry heavyweight CEO – Joh Bishop, who has formerly worked at the likes of eBay, PayPal, Huobi Global, Coda and, most recently, Outright Games, which is one of the largest child-focused games makers in the world.

Tamadoge will soon be releasing a new roadmap outlining Bishop’s vision for the project, which continues to make excellent progress. With TAMA having pumped in 2023 (it was last up around 35%), now is a good time to invest in a promising up-and-coming web3 gaming project.

Buy Tamadoge Here

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  This article was written for Business 2 Community by Joel Frank.
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Author: Joel Frank

Since graduating with a degree in economics in the UK in 2018, Joel has worked as a financial market/cryptocurrency analyst. Joel firmly believes that emerging crypto technology will transform the world for the better through the facilitation of decentralization. Joel has written for a variety of cryptocurrency and financial market media…

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