Following a period of decline, Bitcoin’s recent ascent above $22,000 has instilled new confidence in the cryptocurrency market, with its market capitalization once again reaching $1 trillion. With a potential market rebound, at least for some coins, what are the best cryptos to buy today?
As many have heard by now, the Securities and Exchange Commission (SEC) has targeted Paxos, accusing the company of selling unregistered securities by issuing dollar-backed Binance USD (BUSD) stablecoins. CZ, CEO of Binance, suggested that the cryptocurrency sector may be turning towards algorithmically-backed stablecoins as a result.
According to CZ, the cryptocurrency market may soon be populated by stablecoins potentially backed by other fiat currencies like euros and Japanese yen as well, given the stance of US regulators. Although these algorithmic versions have seen some issues in the past, he attributed part of their regulatory backlash to Terra Luna’s failure in 2022.
Furthermore, Paxos Trust Co., which provides the cryptocurrency market’s third-largest stablecoin, BUSD, has been directed by the New York State Department of Financial Services to discontinue BUSD issuance by February 21. While Paxos will no longer be affiliated with Binance, it will continue to support BUSD for the following year.
In light of recent regulatory difficulties and instability in cryptocurrency prices, investors may want to review their portfolios and explore new growth opportunities. Several altcoins, including MEMAG, CRV, FGHT, APT, CCHG, GMX, and METRO, have the potential for growth based on technical and fundamental analysis and are worth considering as some of the best cryptos to buy today.
MMG a Promising Player in Booming Web3 Gaming Industry, Making it One of Best Cryptos to Buy Today
As new Web3 games and platforms continue to launch, the gaming industry is shifting towards decentralization and player empowerment. Meta Masters Guild (MMG), a Web3 gaming guild and mobile game ecosystem backed by a metaverse, is quickly becoming a major player in this rapidly growing market.
MMG’s MEMAG token presale has garnered widespread interest, selling out in stages and now in its final stage. The partnership with top game studio Gamearound and the upcoming launch of Meta Kart Racers in Q3 2023 are fueling further excitement.
MMG’s use of Non-Fungible Tokens (NFTs) allows players to own parts of the games they play, and the creation of a native NFT marketplace provides opportunities for in-game asset trading. MEMAG serves as the currency for transactions within the MMG ecosystem and includes governance and staking features.
The Web3 gaming market is projected to be worth $104.5 billion by 2028, and MMG aims to benefit from some of the growth. The company prioritizes high-quality gaming experiences over pay-to-progress models and is committed to delivering an immersive gaming experience.
With a clear roadmap and high potential for success, MMG is poised to become a thriving gaming ecosystem in the rapidly growing GameFi market. Investors can participate in the presale by purchasing MEMAG using ETH or USDT on the MMG website, which has already raised over $4.5 million.
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IMX
ImmutableX (IMX) has experienced a resurgence, with the IMX price bouncing back to $1 after a minor correction on February 13. Currently, the cryptocurrency is trading at $1.19, with a 161.02% increase in trading volume indicating growing interest from traders. It has a market capitalization of over $896 million and ranks 54th in the cryptocurrency market.
ImmutableX hosted a hackathon event for Web3 gaming on February 11, 2023, with over 300 hackers launching 24 games and giving away $10,000 in prizes. Such events often attract investor interest in crypto projects. IMX has also partnered with Illuvium to launch NFTs on March 7th.
IMX is currently trading above its 20-day, 50-day, 100-day, and 200-day EMAs, indicating bullish pressure that has kept the asset trading above $1. IMX’s price is currently up 6.68% for the day.
The immediate resistance for the crypto is the resistance range of $1.212 to $1.235, while the support is between the range of $1.038 to $1.076. If IMX manages to retake the immediate resistance level, the next potential target is the psychological level of $1.50.
Fight Out Making Moves in M2E Fitness App Space
The fitness industry is undergoing a tech overhaul and Fight Out is set to take the lead. This novel platform integrates cutting-edge technology with intriguing tech-connected gyms, providing patrons a more personalized workout experience.
Fight Out stands out with its reward-driven, community-oriented fitness approach. The M2E app awards users with REPS tokens for reaching fitness goals, combining financial rewards with friendly competition and community support.
Equipped with advanced technology including workout tracking and real-time exercise tips, Fight Out’s gym facilities will offer a highly individualized experience. This combination of technology and customization is a major advancement in the fitness world.
Fight Out has also secured the support of elite athletes such as UFC’s Amanda Ribas and former WBO middleweight champion Savannah Marshall, who will host educational events and boost the project’s profile in the fitness community.
Investors can also take advantage of Fight Out’s growth potential in its token presale. A bonus of up to 50% is available for investments over $50K, and FGHT tokens have already generated over $4.22 million in the presale, making them one of the best cryptos to buy today.
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The Graph (GRT)
The Graph’s native token, GRT, surged by 14.71% on Tuesday, recovering from declines over the past few days. GRT’s price is currently at $0.1797 per token with a 6.38% increase so far today.
There are two key reasons behind the recent increase in GRT’s price. Firstly, as with many other cryptocurrencies in the AI sector, the rising interest in AI has created more interest in the project. The second reason is more specific to The Graph’s integration with Arbitrum, a Layer-2 network on Ethereum, allowing The Graph to scale operations, improve speed, and reduce the costs of participation for users.
The deployment of The Graph on Arbitrum is still ongoing, and although GRT is currently accessible through a bridge, two more phases of integration must be completed before the migration can be finalized. The next phase will activate indexing rewards on Arbitrum, while the final phase will complete The Graph’s migration to the new network.
With yesterday’s resurgence and today’s continuation of bullish momentum to the upside, GRT has invalidated a descending triangle pattern in the daily timeframe that started forming on February 8. The immediate resistance is the current swing high of $0.2322, while the immediate support is the range between $0.1384 to $0.1480.
If GRT manages to retake the current swing high of $0.2322, the prices can shoot all the way up to the psychological level of $0.30, which coincides with the fib extension level of Fib 1.414.
C+Charge Charging Forward With Major EV Market Innovations
C+Charge, a peer-to-peer payment system and EV charger search solution, is looking to bring major innovation to the charging and payment experience for electric vehicle (EV) owners. The rise of EVs has led to a global push towards sustainable energy solutions, but the current charging infrastructure is struggling to keep up with the demand.
C+Charge is working to resolve the issue by building its own charging stations and partnering with existing ones. The blockchain technology powering CCHG guarantees that payments are transparent and processed efficiently.
In addition to simplified payments, C+Charge is rewarding EV owners with carbon credits in the form of Goodness Native Tokens (GNT), which will represent verified voluntary carbon credits that can be accessed in the C+Charge mobile app and can be traded for crypto or fiat.
The C+Charge presale’s stage 1 has been successfully completed, raising over $1.13 million with the CCHG token. The token’s price is next set to rise by another 10.3% in stage 3 of the presale.
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Fetch.ai (FET)
Blockchain intelligence firm Santiment reported that Fetch.AI (FET) has undergone a remarkable increase in market capitalization of 395% recently, landing it in the 102nd place on Coinmarketcap’s list of top cryptocurrency projects.
FET is an open source blockchain initiative aimed at creating a decentralized infrastructure for modern applications. Its infrastructure is built on the Cosmos-SDK, and the network uses a high-performance smart contract language, the WebAssembly (WASM)-based CosmWasm. This enables the Fetch.AI network to function as a layer-1 network for Ethereum and an interchain bridge between other blockchains.
Fetch.ai’s token, FET, is the primary medium of exchange on the network and can be used to pay for services provided by Fetch.AI. Token holders can also stake FET to earn semi-passive income and help secure the network.
FET’s price has grown by 17.51% recently as it broke out of the resistance range of $0.40 to $0.43, leading to a daily close of $0.4422. FET is currently hovering around break-even for the day at $0.4473, and has registered an intra-day low of $0.4109 as it retested the previous resistance-turned-support range of $0.40 to $0.43. FET’s future targets are the psychological level of $0.50, followed by the next resistance range of $0.56 to $0.65.
Metropoly (METRO): The Future of Real Estate Investment
A game-changing NFT marketplace for real estate investment is on the horizon with Metropoly. Investors can purchase properties backed by real-world assets using fractional ownership with a starting investment of just $100, making real estate investment accessible to everyone. Unlike traditional real estate, there will be no need for a credit score, down payment, mortgage, or paperwork, and properties will be entirely managed by Metropoly.
One of the primary issues with traditional real estate is liquidity. Metropoly’s platform solves this by providing instant liquidity, allowing users to sell their properties for 70% of the price or receive the highest bid in auction. The platform will also offer real-time analytics and data to help users make informed decisions about their investments.
Users can purchase real estate NFTs and invest in new projects at discounted prices through the Metropoly marketplace. The company’s future plans include expanding its offerings to include other asset classes, such as stocks, gold, and art.
Metropoly’s METRO token is selling out fast and has already raised $490K in presale and will soon sell out of its current stage, after which prices will rise.
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