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The broader cryptocurrency markets are in consolidation mode on Wednesday as traders await the release of the last big batch of US economic data of the year later this week, which includes the important PCE inflation report. which is closely monitored by the US Federal Reserve.

The Fed’s aggressive rate hikes in 2022 to combat searing US inflation have been cited by analysts as the main cause of the crypto bear market in 2022.

Bitcoin last changed hands at $16,800 and is broadly flat on the day, meaning it thus retains most of Tuesday’s gains that saw it rebound from the zone. of $16,400.

But technicians remain pessimistic about the prospects for a rebound in the world’s largest cryptocurrency by market capitalization after finding resistance at its 21-day moving average (at $17,050) on Tuesday.

Ethereum, meanwhile, is also consolidating under resistance at $1,210, while the broader cryptocurrency market cap hovers little around $770 billion.

Bitcoin is at rock bottom, but failed to come back above its 21DMA. Source: Trading View

Cryptocurrency markets have performed poorly in the final months of 2022, and given the Fed’s refusal to change its hawkish stance that interest rates must remain at deeply restrictive levels for some time, Prospects for a recovery in early 2023 aren’t great.

Investors could therefore look for alternatives that could generate faster gains. Here is a list of some cryptocurrencies to consider on the 21stst of December.

FightOut (FGHT) – Presale Now On

The young mobile cryptocurrency niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, until now, prevented them from reaching mainstream audiences. FightOut, which bills itself as the future of the movement to win, wants to change that in 2023. FightOut is a brand new web3 fitness app and gym channel that rewards its users for training, challenging and competing in a first-of-its-kind fitness metaverse.

While existing M2E apps such as STEPN only track steps and require expensive non-fungible token (NFT) purchases to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and does not not require any expensive buy-ins to participate. FightOut seeks to combine the physical and web3 worlds.

The project aims to eventually acquire gyms in every major city in the world, while simultaneously promoting an integrated web3 fitness experience. At the center of FightOut’s digital ecosystem will be its smartphone app, which according to FightOut’s white paper is expected to launch in the second quarter of 2023.

The FightOut app will leverage smartphones 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 can create their own soulbound token avatar, through which the user can interact with the metaverse Fight Out.

FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to participate in competitions and leagues with FGHT, and winnings will be paid out in FGHT.

FGHT can also be used in peer-to-peer fitness betting. FightOut FGHT tokens are currently selling at 60.06 for 1 USDT, and interested investors are encouraged to act quickly to secure their tokens, as the pre-sale has already raised over $2.25 million in just a few days. FGHT is the token that will power the FightOut crypto ecosystem.

Visit FightOut now

Trust Wallet Token (TWT)

TWT, the native cryptocurrency that powers the Trust Wallet cryptocurrency wallet ecosystem, was launched to record highs in the $2.70 per token area last month following the collapse of FTX . Indeed, the collapse of the centralized exchange has strengthened the case for crypto self-custody, which is the service provided by Trust Wallet, with exchanges subsequently experiencing record outflows.

However, since a failed attempt earlier this month to climb back above its November highs, profit taking has seen TWT plummet around 43%. TWT/USD last changed hands in the $1.55 area. So is all hope lost? Not enough.

TWT/USD technical data still looks good. On the one hand, the cryptocurrency has recently found strong support in the form of a long-term uptrend that has been in play since May. Meanwhile, support in the $1.55 area appears, for now, to have held. A return to record highs of $2.70 seems to be on the cards.

TWT bulls are buying the dip and targeting a new test of all-time highs. Source: Trading View

Dash 2 Trade (D2T) – Presale enters its final phase

Those looking to invest in a promising crypto trading platform startup should look no further than Dash 2 Trade. The burgeoning social analytics and trading platform hopes to take the crypto trading space by storm with a host of unique features. These include trading signals, social and on-chain sentiment indicators, pre-sale token rating system, token list alert system, and strategy backtesting tool.

The Dash 2 Trade ecosystem will be powered by the D2T token, which users will need to purchase and hold to access platform functionality. Dash 2 Trade is currently conducting a token presale at deeply discounted rates and sales recently topped $10.5 million. The presale dashboard will be released soon, as the development team is currently ahead of schedule. The tokens are currently selling at $0.0533 each and will be listed on several centralized exchanges in less than a month.

Visit Dash 2 Trade here

Axie Infinity (AXS)

Axie Infinity, otherwise known as AXS, which functions as the in-game currency of the non-fungible P2E token battle game Axie Infinity, found support in an uptrend that could pave the way for a rise to short term.

The bulls are eyeing a potential retest of resistance in the form of the 21- and 50-day moving averages in the $7.50 area, which could open the door for a possible push towards a retest of $10. However, if the current support level were to break, AXS might as well fall back to yearly lows of $5.70.

AXS bulls eye a rebound. Source: Trading View

C+Charge (CCHG) – Presale now underway

The carbon credit industry should be worth $2.4 trillion by 2027. Democratizing access to rack up these benefits is going to drive massive business in the years to come and it’s something crypto startup C+Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow electric vehicle (EV) drivers to earn carbon credits.

C+Charge aims to reinforce the role of carbon credits as a key incentive for the adoption of electric vehicles. Right now, big electric vehicle makers like Tesla are making millions selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to end up in the hands of electric vehicle owners, rather than just large corporations.

C+Charge has just launched its presale of the CCHG token that its platform will use to pay at EV charging stations. The tokens are currently selling for $0.013 each, but by the time the presale ends, they will be up 80%. So, investors interested in jumping into a promising eco-friendly cryptocurrency project early should act quickly.

Visit C+Charge here



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