On Monday, cryptocurrency coins are generally down as investors fret over the impact of the worsening Covid-19 situation and escalating civil unrest in China on the future of global economic development.
According to CoinMarketCap, the price of Bitcoin has fallen by about 2.0% over the past 24 hours, while the price of Ethereum has fallen by about 3.5% during the same time period.
Crypto Market Cap: Source: Tradingview
The total crypto market cap fell to $776 billion, which is 1.96% lower than yesterday, DeFi coins market cap has decreased by 2.12%.
The market is still trying to figure out why FTX went out of business and shut down so quickly earlier this month.
JUST IN: US House Committee schedules FTX collapse hearing for December 13th.
— Watcher.Guru (@WatcherGuru) November 28, 2022
BlockFi Filing for Bankruptcy – Crypto Coins Under Presure
BlockFi, a long-suffering crypto lending, and borrowing business declared bankruptcy early Monday, making it the next domino to fall. Despite its “focus on recovering all obligations owed to BlockFi,” the New Jersey-based firm noted in an official announcement that “recoveries from FTX will be delayed” due to the ongoing bankruptcy proceedings at the defunct cryptocurrency exchange.
According to the source, the cryptocurrency lender is also firing a sizable number of employees. First, on November 11—the same day FTX filed for bankruptcy—BlockFi, a platform that allowed users to earn yield by depositing idle cryptocurrencies, halted withdrawals.
BLOCKFI SCHEDULES FIRST BANKRUPTCY HEARING FOR TUESDAY, NOV. 29 AT 11:30 AM ET- FILING
— First Squawk (@FirstSquawk) November 28, 2022
Crypto Coins Down- What’s Coming Up Nex this Week?
Numerous key US job market and inflation figures are due this week. They, along with several high-profile Fed policymakers’ statements, including Chairman Jerome Powell’s on Wednesday, may influence Fed policy in the coming quarters.
People think that the Fed’s “hawkishness” has reached its peak, so traditional risk assets (like stocks) have been trading aggressively in the past few weeks. However, the recent drop in FTX has prevented cryptocurrency values from taking advantage of this uptick.
Here are 3 New Coins to Accumulate
As of today, November 28th, here are a few of the best cryptocurrencies for traders and investors to consider purchasing; take a look.
Dash 2 Trade (D2T)
GOOD EVENING #INVESTORS
✅ The Dash 2 Trade analytics dashboard operates on top of the Ethereum blockchain.
✅The native digital asset of the project is the D2T token, which complies with the ERC-20 standard.
— Dash 2 Trade (@dash2_trade) November 27, 2022
To improve the trading experience, D2T provides trading signals, social analytics, and even market sentiment analysis. Dash 2 Trade aspires to be the Bloomberg trading terminal for cryptocurrencies, according to the development team.
For automating trading processes and optimizing all trading methods, the platform also includes automation and backtesting capabilities.
Dash 2 Trade includes a notification service that alerts investors to all new coin listings on centralized exchanges, giving them access to information that was previously reserved for elite investors. It’s no surprise that D2T presale numbers have been phenomenal with so much potential.
Calvaria is a new cryptocurrency gaming project with the potential to dominate the play-to-earn market. RIA developers have identified two major barriers to widespread Web3 gaming adoption. While traders see Web3 games’ potential, users do not.
Calvaria’s presale is already in stage 5 of 10 and has raised nearly $2.2 million. As the price of the native RIA token rises significantly at each presale stage, investors are flocking to the rapidly growing GameFi project.
In stage 5, tokens cost $0.03 each, but by stage 6, the price had risen to $0.038, and tokens cost $0.055 in stage 10.
RobotEra aspires to be the dominant force in the metaverse, which is still a lucrative business opportunity. TARO is a metaverse platform that allows players to build their own worlds. Avatars and assets such as land and buildings can be purchased in the universe.
Players own their acquired properties and can resell them for a profit because the game uses non-fungible tokens.
RobotEra provides the freedom to create everything you can imagine and start a new era with other robots
Become a creator of the next mega metaverse now ⬇️https://t.co/UJ3inonrXH
— RobotEra (@robotera_io) November 21, 2022
There is also a communal metaverse option where participants can participate in events like concerts and sports. The platform’s native cryptocurrency, TARO, is now on presale and has raised more than $270,000.
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Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members