The cryptocurrency market continues to trade sideways today, with Bitcoin hovering around the $16,500 mark and most altcoins not seeing much action either.
Besides the ongoing questions around the FTX collapse contagion, the biggest news of the day may have been Binance CEO Changpeng "CZ" Zhao announcing that Binance has allocated an additional $1 billion to the to the crypto industry recovery fund, increasing it to over $2 billion.
With many cryptocurrencies in the red today and others breaking even, bear pressure on the crypto market continues. Although the overall cryptocurrency market may be volatile, there are still some great digital assets worth buying. Here are five to consider today:
Dash 2 Trade (D2T)
The Dash 2 Trade is a revolutionary all-in-one trading information solution built specifically for cryptocurrency traders and investors. The platform provides users with access to advanced tools that help them make more informed investment decisions, including real-time price tracking, market analysis, and portfolio tracking. D2D's latest presale is a resounding success, having raised over $7 million since launch.
With the product development ahead of schedule, developers have decided to bring down the hard cap target to $13.4 million and end the presale in stage 4. This is because the rollout of the platform can begin sooner now and so that investment funds raised in the presale will be able to be put towards marketing purposes immediately.
According to the team, the other reason the project is winding down the presale for a faster launch is because of the current market conditions -- wherein Dash 2 Trade's products will be highly useful for retail investors who want to do good due diligence following the FTX fiasco.
Ripple (XRP)
Ripple (XRP) prices shot up from $0.34 on Nov. 21, breaking out above a symmetrical triangle and the 20-day EMA of $0.40. This put XRP into an uptrend that could push prices even higher.
If bulls are successful in pushing the price of XRP above $0.41 in the coming day or so, it could create momentum leading to a rise in value up to $0.50 and then potentially to $0.56.
However, traders should be cautious, as bears may interfere with the recovery at $0.41 and pull the price down back into the triangle, which is currently a real possibility as the price hovers just above $0.40. If this does happen, bulls could get trapped and cause the price to quickly drop to the support line.
RobotEra (TARO)
RobotEra, a Metaverse game supported by LBank Labs, is currently in its presale and has sold out very rapidly. In just over two weeks they have managed to raise $226k successfully.
This is no surprise, as the Metaverse industry has exploded in recent years, with Silicon Valley giants such as Facebook rebranding to capitalize on the trend. We now live in a digitalized society that is only becoming more so every day.
In the RobotEra Metaverse, players are free to design their own games and experiences. TARO tokens give players ownership of in-game assets that are tied to NFTs. The current price for 1 TARO is $0.020 USDT (purchased using USDT or ETH), but this will increase to $0.025 when stage 2 of the presale begins soon.
TRON (TRX)
TRX dropped hard to the major support level of $0.0490 - $0.0510 Nov. 22 and then bounced into the recent resistance zone of $0.0528 - $0.0534 yesterday and today.
If the price breaks above the zone, then expected a push to $0.0584 and above. Rejection may cause a drop back to major support once again.
The RSI is in a general uptrend, still above 56, indicating possible upward price action.
Calvaria (RIA)
RIA could be the next big thing in Web3 gaming, with an already successful presale for its game Calvaria: Duels of Eternity still underway. In Calvaria, players purchase NFT trading cards and use them to build strategies and compete with one another.
RIA is the token for NFT purchases and trades in the game's in-app marketplace, while also granting governance power to holders for Calvaria's decentralized autonomous organization (DAO). The digital asset can also be staked by holders looking to earn passive income from their holdings.
Since its launch, the game's presale has raised nearly $2 million, causing developers to end the presale early due to its success. In this final stage, stage 4, tokens are being sold for $0.025 each, while in stage 5 the price will raise to $0.0325 -- a 30% increase from the current price and a 225% increase from stage 1. The presale supply is also dropping significantly from 300 million tokens total to only 150 million. So far 115 million have been sold.
0Comments