NEO, the cryptocurrency that powers the smart-contract-enabled Neo blockchain, has been surging in 2023, and the rally isn’t showing any signs of stopping just yet. NEO/USD was last changing hands slightly to the north of $9.0 per token, up around 47% year-to-date, though the cryptocurrency has now pulled over 10% lower versus its Thursday highs in the $10.40 area.
NEO’s gains really got going around this time last month when the cryptocurrency broke to the north of a downtrend that had been in play going all the way back to March 2022. NEO then proceeded to break above all of its major moving averages, including, most importantly, its 200-Day Moving Average at the start of February. The 21DMA has been acting as a strong area of support in recent weeks, and NEO appears to be in an aggressive uptrend date back to the end of 2022.
Should the current uptrend continue, NEO could soon test long-term support/resistance in the $12.50-$13.50 area. Conversely, should the current uptrend snap, then NEO would receive strong support in the mid-$8.0s from the 21 and 200DMAs, plus an area of resistance-turned-support.
NEO has been rallying in tandem with a broader move higher in cryptocurrencies since the start of the year, with traders betting that 2023 will be a better year amid signs that 1) major cryptocurrencies like Bitcoin might have bottomed and 2) that the US Federal Reserve will substantially slow the pace of interest rate rises. The return in risk appetite has disproportionately benefitted altcoins like NEO and if the rally continues, NEO could well see easy 40% gains from current levels.
But in a cryptocurrency bull market, investors may be able to secure even more impressive gains, perhaps in the region of 10x, if they invest in the right crypto presales. Here is a list of crypto presales reviewed by the team at Cryptonews.com.
Meta Masters Guild (MEMAG) – Stage 6 Nearly Complete
Meta Masters Guild is an up-and-coming mobile-based web3 gaming ecosystem that is developing a host of fun and addictive games. The games will utilize non-fungible tokens (NFTs), allowing community members to earn rewards, as well as stake and trade. The platform hopes to in the future host dozens of viral games. Its first game, Meta Karts Racers will be released later this year.
Meta Masters Guild is currently in the sixth stage of its presale of MEMAG tokens, with the presale already one of the hottest of 2023. In just a few weeks, the crypto start-up has already managed to raise a whopping nearly $3.9 million via MEMAG sales. Investors should note that they also stand a chance of winning a massive $100,000 in MEMAG tokens.
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Fight Out (FGHT) – Presale on Now
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. Fight Out, which touts itself as the future of move-to-earn, wants to change that in 2023.
Fight Out is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges, and competing within a first-of-its-kind fitness metaverse. While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, Fight Out takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part.
Fight Out is currently conducting a presale of the FGHT token that will power its web3 ecosystem and has already raised a whopping $4.0 million. The token is scheduled to list across centralized exchanges in April at $0.033 per token. Investors should move quickly, as if they secure tokens now, they could be sat on paper gains of nearly 60% by the time the crypto token lists on exchanges at the start of Q2. Gains could be even higher if investors make use of Fight Out’s generous bonus scheme.
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C+Charge (CCHG) – Presale Enters Stage 2
C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow the drivers of electric vehicles (EVs) to earn carbon credits. C+Charge aims to boost the role of carbon credits as a key incentive for the adoption of EVs. At present, large manufacturers of EVs, like Tesla, earn millions from selling carbon credits to polluters.
C+Charge wants to democratize the carbon credit market by allowing more of these rewards to find themselves in the hands of the EV owners rather than just the big businesses. C+Charge has just started its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are currently selling for $0.0145 each, though by the end of the presale, this will have risen by 70%.
Investors interested in getting in early on a promising environmentally friendly cryptocurrency project should move fast, with the project having already raised over $880,000 and the presale having already entered its second stage. Investors should note that the remaining tokens could be scooped up quickly. A crypto whale recently scooped up over $99 worth of CCHG in one transaction, as can be verified here on BscScan.
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