The cryptocurrency market saw a 1% increase in value over the past 24 hours, with its total high reaching $1.02 trillion after a very strong weekend. This figure represents an increase of 17% in one week and 21% in one month, because Improved US inflation data and other welcome to macroeconomic indicators suggest the beginning of the end of the 2022 global slowdown.
Even with the market-wide increases of the past few days, some coins have done better than others. This article brings them together in a list of the best altcoins to buy today, including a number of very promising new tokens that are currently holding their respective presales.
Meta Masters Guild (MEMAG)
Having launched its presale last week, Guild of meta-masters raised just over $250,000, a figure that suggests the cryptocurrency market has already gained confidence in the gaming platform to win.
For the uninitiated, Meta Masters Guild is a mobile-focused gaming guild that will be developing a range of web3 and play-to-earn games. Its debut title, Meta Kart Racers, is set to launch in the third quarter of the year, when it will preside over a steady stream of future releases.
Its native token, MEMAG, will be used for governance purposes, as well as for staking and purchasing items and NFTs. Its sale will feature a total of seven stages, with the first – and current – offering 1 MEMAG for $0.007.
Hover over, this price is expected to rise 42% over the next four days, giving investors only a limited amount of time if they want to make the most of the sale. They can participate by heading to the official website of the Meta Masters Guild and connect their Wallet Connect or MetaMask wallets.
Frax shares (FXS)
One of the most recent entries into the top 100 cryptocurrencies by market cap, FXS is up 31% in one day. At $8.76, it was also up 53% in a week, 97% in a fortnight and 70% in a month, although the Ethereum-based governance token is down 79% from its record high of $42.80 (set in January 2022).
FXS indicators reinforce the suspicion that it is currently enjoying a strong breakout rally. Not only has its Relative Strength Index (purple) moved above 80 in the past few days, but its 30-day moving average (red) is about to cross its 200-day mark (blue), which generally signals a very positive difference.
As a native token of decentralized lending platform Frax Finance, FXS is benefiting from the growth in adoption of the latter. In particular, Frax Finance has witnessed an increasing use of its staking service for ETH, with users of frxETH tokens receiving ETH in exchange becoming popular as a form of liquidity on (decentralized exchange) Curve.
Given that Frax’s ETH staking platform only launched in October, expect it – and FXS – to continue growing in the near future.
To fight (FGHT) is a move-to-win platform that will combine real-life workouts with Web3 when it launches in the second quarter of the year. It will track and reward a much wider range of workouts than previous M2E platforms, including boxing, weightlifting and yoga, while also offering a range of integrated and IRL classes at its own branded gyms.
Its token sale opened in December and has already raised over $2.9 million, with 1 FGHT currently selling for $0.0166. The sale is expected to end in the second quarter of 2022, when FGHT – and the ERC-20 token – will be listed on exchanges.
At $0.278754, the LRC is up 11.5% in 24 hours, as well as 30% in a week. On top of that, the layer two coin is up 47% in a fortnight and 30% in a month, while still down 92% from its ATH of $3.75 (set in November 2021).
LRC’s indicators are showing two things: 1) it has gained some serious momentum in recent days, with its RSI now above 80; and 2) the fact that its 30-day average is still below its 200-day average means that its current rally still has plenty of room to continue.
As one of the largest layer two scaling networks for Ethereum, LRC is rallying largely because it needs to make up lost ground and correct its oversold over the past year. Indeed, with its total value stuck at $105 million (which is more than that of Cardano), it is only behind Arbitrum, Optimism and dYdX in terms of size (according to L2BEAT).
More broadly, Loopring has seen excellent adoption over the past year, with Gamestop picking the network to launch its own NFTs in July.
Aimed at the growing ranks of ESG crypto investors, C+Fees (CCHG) is a peer-to-peer payment network for electric vehicle (EV) charging stations. Running on BNB Chain, it aims to use blockchain and cryptography to democratize access to carbon credits, with its native CCHG intended to be used within its network by EV owners to pay to charge their vehicles.
As part of its platform, C+Charge will reward users with NFT-based carbon credits for charging their electric vehicles at its stations, incentivizing people to go green. It has also already signed partnerships with Flowcarbon and with Perfect Solutions Turkey, adding 20% of Turkey’s EV chargers to its network. This speaks to the seriousness of its intent and how quickly it could end up growing when it launches later this year.
After FXS, MANA is the best performing cryptocurrency in the top 100 today. At $0.679013, it was up 21% in 24 hours and 80% in a week, while also rising 100% in a month.
MANA’s indicators suggest an ongoing rally, with its 30-day average still waiting to break above its 200-day mark before the current upward move begins to reverse.
MANA is rallying because it has been oversold for the past 12 months, with the coin still arguably still very undervalued relative to its fundamentals. It remains one of the largest “metaverse” platforms in the world, with around 8,000 daily active users, according to own figures.
Last weeks brought a range of new features for Decentraland users, including upgrades to avatars, user profiles, and friend request mechanisms. All of this helps to make the platform more user-friendly and, when combined with Decentraland’s many recent partnershipsit was really only a matter of time before he started rallying again.
Calvaria is a new play-to-earn battle card game that is now in the final stage of its token sale, having raised nearly $2.8 million so far. Only 11% of RIA coins remain available, with the token expected to be listed on exchanges such as LBANK scholarship and BKEX Global in the next weeks.
Designed to be playable on PC and smartphone, Calvaria does not require cryptocurrency to play, although it also includes many game elements to win. This makes it more accessible than pre-existing blockchain-based games and could open it up to a much wider audience.
The game itself is slated to launch in Q2 2023, with its world set in a mythical afterlife. Characters will be animated in full 3D, while players will have the opportunity to earn and upgrade a vast ecosystem of collectible cards, which will also be used to battle various factions in the game universe.
The sandbox (SAND)
SAND gained 10% over the past day, hitting $0.693456. This represents a 40% gain in one week and a 78% increase in a fortnight, with the metaverse coin also increasing by 47.5% in the last 30 days.
To a large extent, it seems Sandbox is rallying for much the same reason Decentraland is rallying. Namely, it is expected that, with Meta (and other large companies) pump so much money into the metaversepre-existing metaverse platforms such as Sandbox (and Decentraland) will be among the big winners of the future.
And SAND is arguably better placed than MANA to ride the growing tide of the metaverse, as Sandbox would have more active users than Decentraland. It has also attracted more outside investment than its main rival, with Softbank’s support (among other things) suggesting that the big bucks supported him to succeed in the not-too-distant future.