• Home
  • Crypto News
  • Is the Next Crypto Bull Run About to Start as Altcoins, Bitcoin Price Explode?

Is the Next Crypto Bull Run About to Start as Altcoins, Bitcoin Price Explode?

Crypto total market cap price

On Thursday, Bitcoin’s price surged to its highest level in more than two months, as traders bet on the cooling of U.S. inflation following the release of the December Consumer Price Index (CPI) data. The world’s largest digital currency by market cap climbed and registered an intra-day high of $19,117, but eventually closed at $18,852.70 for a 5.08% gain.

The CPI data showed a modest retreat, with the index decreasing 0.1% on a monthly basis. While inflation still increased 6.5% year-over-year, this was down from a 7.1% jump in November and well off a 9.1% peak in June. Investors hope that the decline in inflation may put pressure on the U.S. Federal Reserve to reverse interest rate increases and cut rates sometime in 2023, taking some pressure off risk assets.

Cryptocurrency Total Market Cap Analysis and Prediction

The cryptocurrency market appears to be in a bullish trend, at least in the short term. The 20-day, 50-day, and 100-day Exponential Moving Averages (EMAs) are all trending upwards, with the 100-day EMA being the highest at $839 billion. This indicates that the overall market sentiment is positive and that prices could continue to rise.

Trading volume is $108.044 billion, which is higher than the volume moving average of $50.905 billion. This suggests that there is strong trading activity in the market and that there is a high level of interest.

However, the Relative Strength Index (RSI) is 78.04, which is in overbought territory, indicating that the market may be overvalued and that a correction could be imminent. Nonetheless, it’s important to note that the RSI is a lagging indicator, and should be used in conjunction with other trading indicators.

The MACD indicators are also bullish, with the MACD line at $16.344 billion and the signal line at $4.408 billion, and the histogram at $11.926 billion. The positive histogram indicates that the MACD line is above the signal line, which suggests that the market is trending upwards.

As of writing, the Cryptocurrency Total Market Cap is at $872 billion after breaking out from the resistance of $852 billion to $861 billion at yesterday’s candle close. This range is now the immediate support for the market cap. If it successfully holds, the next potential target for the cryptocurrency market is the resistance range of $931 billion to $943 billion.

Overall, based on the indicators provided, the cryptocurrency market appears to be in a strong uptrend, with positive sentiment and strong trading activity.

Bitcoin Price Technical Analysis and Price Prediction

BTc price

In terms of technical analysis, the indicators suggest a bullish trend for Bitcoin as well. The 20-day EMA is currently at $17,365, the 50-day EMA is at $17,291, and the 100-day EMA is at $18,067.

But as with the wider market, the RSI is currently at 81.66, indicating that Bitcoin is in overbought territory. However, as long as the bullish price action is confirmed with volume, it is advised to use RSI together with other indicators due to its lagging characteristic. For example, the MACD Indicator is showing a positive histogram at 252.04, indicating bullish momentum.

Bitcoin’s price is currently trading at $18,984 and is up by 0.70% for the day. For the first time since November 5, the price is trading above the 100-day EMA after its successful breakout from the two-month resistance range of $18,218 to $18,443. The next immediate resistance for Bitcoin is the psychological resistance of $20,000, followed by the next resistance range of $21,302 to $21,895.

Anticipating the Next Bull Market

Despite the recent surge in Bitcoin’s price, it is still drastically lower than its record high–making now an opportune time for investors to capitalize on this bear market.

To capitalize on the current market conditions, savvy investors can take advantage of presale events with discounted token prices and bonus incentives. But, it is essential to carry out careful research before investing in a project – specifically ones with trusted teams, existing investor interest, and practical applications that address actual issues. Among the tokens fitting this criteria are MEMAG, FGHT, CCHG and RIA.

Meta Masters Guild (MEMAG)

Meta Masters Guild (MMG) is creating a decentralized gaming platform that brings together the highest quality, blockchain-enabled mobile games. Players can earn rewards in MEMAG cryptocurrency and have full ownership of their assets through true decentralization. The ecosystem will support an interactive gaming community with interoperable game incentives, allowing players to further benefit from playing our games.

meta masters guild web3 games

The MMG ecosystem has been built to reward players with both their time and money, ensuring they get an equitable return for the work they put in. The ecosystem is driven by fun gameplay, sustainability as well as community involvement.

To combat the widespread predatory practices in gaming, the company is looking to create a level playing field for all gamers. Their open in-game economy gives gamers freedom to trade their currency and belongings as they wish with each other. As an added bonus, players can also exchange Gems rewards from games for money or digital assets.

Kicking off the game lineup is Meta Kart Racers—a player vs player or single racing mobile game.

Investors are quickly taking notice of the recently launched MEMAG token presale.

Visit Meta Masters Guild Now

Fight Out (FGHT)

The future of fitness tracking is coming in 2023 with Fight Out, a Web3 app and integrated gym chain. This groundbreaking project has everything it takes for success: from an experienced team verified by CoinSniper to strong investor backing. Its innovative ideas are perfectly positioned to capitalize on rapidly evolving trends in the fitness industry.

Fight Out is revolutionizing the fitness industry with its cutting-edge app that provides an individualized experience to each user. Tailored workout plans, REP tokens for discounts on subscriptions and gear, as well as smart technology in physical gyms across the globe are just some of Fight Out’s features. High-tech mirrors will display members’ profiles while sensors offer real-time feedback on exercises—inspiring users to reach their fitness goals faster.

The project’s ambassador program is among its most important features, teaming up with influential athletes to help promote the project and feature exclusive content such as masterclass workouts and training camps. Notable ambassadors include UFC fighters Amanda Ribas and Taila Santos, as well as former WBO middleweight champion Savannah Marshall.

Investors have been clamoring to get their hands on Fight Out’s $FGHT token, likely because of its enticing concept coupled with presale bonuses that can reach up to 50%. What makes this project even more appealing is the extensive network of partners such as LBank Labs, Cryptonews.com, Transak and BlockMedia Labs providing financial and operational assistance.

Visit FightOut Now

C+Charge (CCHG)

Electric vehicle owners can soon take advantage of C+Charge, an innovative peer-to-peer payment system and rewards app that utilizes blockchain technology to revolutionize the charging process. With this cutting edge platform, drivers will have access to a charging network connected application for seamless transactions, sidestepping long queues or ballooning fees associated with traditional methods. Moreover, EV users are rewarded for their environmental consciousness through carbon credit rewards via the app.

C+Charge’s groundbreaking platform makes it easier for EV owners to predict and monitor their charging costs, as well as landlords and businesses to track energy usage and expenses related to electric vehicle charging. This technological development intends to relieve the stress of rising electricity bills by tracking associated charges specific to each individual EV owner, making installation of an EV charger a viable option for landowners.

Not only does the C+Charge app save you money, but it also provides EV owners with rewards systems, educational resources and other perks. There is a good possibility it will be a must-have tool in the burgeoning electric vehicle industry.

Don’t miss out on the C+Charge introductory token rate of only $0.013 USDT per token during the presale. Prices will increase through three additional stages until a maximum price of $0.02350 is reached, so take advantage now and get your tokens at an unbeatable price.

Visit C+Charge Now

Calvaria (RIA)

Calvaria: Duels of Eternity is a new crypto game that is quickly gaining popularity in the GameFi space. In this game, players collect unique NFT cards that represent characters from the afterlife, and use them to compete against each other in strategic battles. The game offers a variety of features that appeal to both players and investors alike.

One of the key aspects of Calvaria is its use of NFT cards. Each card represents a different character with its own set of abilities and strengths. Players can use these cards to battle against other players in one-on-one duels, with the goal of dominating the afterlife. The game also offers a 3D design that makes the characters more realistic and engaging. Players can join Calvaria on iOS or Android mobile devices to play on the go.

Another important aspect of the game is the rewards system. Players who win battles earn eRIA tokens, which can be used in Calvaria’s peer-to-peer marketplace to purchase or trade for more powerful or strategically vital cards. This creates an incentive for players to craft powerful decks that are packed with rare NFT cards.

calvaria ria web3 game

The game also offers a new free-to-play mode, where new players can join and receive a starter deck at no cost. They can play the game and see how much eRIA they could have earned if they were playing the P2E version of Calvaria. This is designed to encourage new players to try play-to-earn gaming.

For investors, Calvaria offers the RIA token, which can be used to buy NFT battle cards in the marketplace, which could become collector items. RIA also has additional utility, with the ability to be staked to earn fees. Additionally, those who stake their RIA tokens receive votes in the Calvaria DAO, giving them a say in the future development of the project.

If you’re interested in getting in on the action, the Calvaria presale is currently ongoing, where investors can buy RIA tokens at a discounted price. The presale has so far raised $2.7 million and is quickly approaching its $3 million goal.

Visit Calvaria Now


Fight Out - Next Big Train-to-Earn Crypto

Our Rating

Fightout token
  • Backed by LBank Labs, Transak
  • Earn Rewards for Working Out
  • Level Up and Compete in the Metaverse
  • Presale Live Now - $5M Raised
  • Real-World Community, Gym Chain
Fightout token