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Here’s 3 Reasons Why Crypto Prices are Down Today

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The crypto market started this week trading lower as investors once again wonder where the market bottom could be. However, several digital assets present impressive buying opportunities even in a bear market.

CPI Print on Investors’ Minds

The Federal Reserve is expected to share November’s consumer price index (CPI) data this week.

The report, due on December 13, is very important because with barely two weeks remaining in the year, the market’s chances of a “Santa rally” largely depend on the reported inflation figures.

The Federal Reserve’s Federal Open Market Committee (FOMC) is also expected to decide on interest rates this week. If the Fed decides to raise rates higher than expected, the chances of risky assets rallying before the end of the year will be very slim.

U.S. Dollar Teases Gains

Another important metric to consider is the price action of the U.S. dollar. The greenback has acted inversely to Bitcoin and crypto prices all year long, and while it appeared to be losing steam, this week has seen the currency regain some lost ground.

The U.S. Dollar Index (DXY) has been under immense pressure for weeks, but it has started to seal higher lows on daily timeframes. This sets the currency for a possible rebound.

DXY_2022-12-12_13-06-17

With the CPI print also affecting the DXY value going forward, the former is sure to be a major indicator.

FTX Contagion Continues

For the past month, the now-defunct exchange FTX collapsed, and as more companies continue to falter due to their affiliations with it, questions about who will be next are being raised.

Looking for Gains? Try Alternative Presales

As investors await the Fed CPI print and other important macroeconomic factors, most will be biding their time before buying crypto. However, one way to succeed will be to look into new digital assets that could deliver impressive gains.

Here are 3 top coins that are sure to help investors earn profits.

Dash 2 Trade (D2T)

First on the list is D2T. The digital asset has had an impressive presale already, raising over $9.55 million through the five stages of its presale.

Dash 2 Trade crypto

D2T powers Dash 2 Trade – a new platform that provides access to high-quality research and analytics for new investors in the market. Dash 2 Trade provides a soft landing for new crypto investors, making it easy for them to conduct both fundamental and technical research on coins.

With features like on-chain analytics and a strategy builder, Dash 2 Trade is looking to be the “Bloomberg terminal of crypto.”

The platform is backed by Learn 2 Trade – a crypto-learning platform with over 70,000 members in its community. As more investors are expected in the crypto market, Dash 2 Trade will surely see some gains.

The platform makes it possible for investors to assess the liquidity levels of coins and exchanges, thus avoiding low-value projects. There are also several competitions available in the Dash 2 Trade ecosystem.

D2T, which is used to pay for its services, currently trades at $0.0053 and is in the final stage of its presale.

Calvaria (RIA)

For fans of blockchain gaming, one digital asset that is sure to be a massive draw is RIA. The coin is the native token for Calvaria: Duels of Eternity – a new blockchain game with elements of the metaverse and non-fungible tokens.

Crypto coin RIA

Calvaria allows players to explore a metaverse platform and buy NFT trade cards. The goal is for players to use their NFT cards to construct decks in order to compete with others.

The game has become popular among blockchain gaming fans because it is free to play. Calvaria is also accessible to all players, regardless of their location or device of choice.

With RIA, players can purchase and sell NFTs. They can also stake the asset to earn more units and participate in the game’s governance. RIA is available on presale at the moment and has raised over $2.41 million so far.

With only 22% of tokens left, RIA is now in its final presale stage.

RobotEra (TARO)

Finally, we have TARO. As metaverse gaming takes off, TARO is expected to be a highly profitable asset for investors.

RobotEra Crypto

TARO powers the RobotEra ecosystem – a gaming service that takes players to a post-apocalyptic virtual planet called Taro. The objective is for players to participate in rebuilding this virtual world, engaging in different activities along the way.

Players’ properties, from their avatars to the land they buy and other assets, are all NFTs, so they own everything they buy.

With RobotEra, players will be able to engage in different activities and monetize all of their assets in different ways.

TARO is in its first presale stage and has raised over $527,000.

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  This article was written for Business 2 Community by Jimmy Aki.
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Author: Jimmy Aki

A graduate of the University of Virginia and now based in the UK, Jimmy has been following the development of blockchain for several years, optimistic about its potential to democratize the financial system.
Jimmy's previously published work can be found on BeInCrypto, Bitcoin Magazine, CryptoNews, Decrypt, …

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