Cryptocurrency markets have taken a knock, with total market capitalization down over $30 billion or 3.0% on Friday in wake of a hotter-than-expected US Core PCE inflation report that raises the risk the US Federal Reserve lifts interest rates to higher levels for longer. MoM and YoY price pressures both unexpectedly rose in January, according to the latest report, to 0.6% and 4.7% respectively.
Bitcoin was last changing hands around $23,100, while Ethereum was last flirting with a break below the $1,600 level. The latest US inflation data has resulted in markets upping their Fed tightening bets for this year, with money markets now pricing in nearly another three and a half 25 bps moves over the course of the next four Fed meetings.
If they are able to shrug off macro headwinds, blue-chip cryptocurrencies like Bitcoin and Ethereum could perform very well this year. But investors can often secure better gains by investing in altcoins, which, while more volatile, have more upside potential.
Here is a list of a few altcoins that investors should consider adding to their portfolio, including a few altcoins that have been trending as of late and an assortment of tokens being sold in presale by promising, up-and-coming crypto start-ups.
Fight Out (FGHT)
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 more than $4.6 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 40% by the time the crypto token lists on exchanges at the start of Q2. Investors should be aware that, depending on how many tokens they buy and for how long they choose to vest them, they could get a whopping up to 67% bonus.
Investors can also get an additional 5% bonus on all the tokens purchased by those who used a referral link. Fight Out is also conducting a $250,000 giveaway.
Visit Fight Out Now
IOTA (IOTA)
IOTA, the cryptocurrency that powers the Internet of Things-focused IOTA blockchain, continues to trend higher, as traders get excited about a series of major upcoming upgrades to the network this year.
IOTA/USD was last changing hands just above $0.25 per token, above all of its major moving averages and still in a strong uptrend for the year. So long as IOTA can hold above support in the $0.24 area, a continued march higher towards $0.30 seems likely.
Metropoly (METRO) – Over 50% of Minimum Goal Now Raised
Metropoly has an ambitious goal – to transform the real estate market by democratizing access to real estate investment. How? By building the world’s first marketplace for real estate non-fungible tokens (NFTs).
And these NFTs aren’t for digital real estate in some metaverse. These tokens represent a real ownership stake in a real property, that Metropoly will also be renting out so that owners can earn a passive income.
Metropoly is currently conducting a presale to fund its ongoing development and recently reached 54% of its minimum goal of raising $1 million. The start-up has already released a beta version of its platform, which already looks great and is proving very popular.
The barriers to traditional real estate investment around the world are huge. Metropoly hopes its platform can level the playing field, with investors able to start owning property with as little as $100. Presale investors should note that stand a chance at winning a portion of Metropoly’s massive, industry leading $1 million giveaway.
Visit Metropoly’s Presale Here
Synthetix Network (SNX)
SNX, the token that powers the decentralized asset insurance protocol Synthetix Network, has also been trending higher in recent weeks and, like IOTA, is also above all of its major moving averages. SNX/USD was last changing hands in the $2.60s, having recently rebounded strongly from its 50 and 200DMAs in the upper-$2.30s. A near-term retest of recent highs at $3.0 seems likely.
C+Charge (CCHG)
C+Charge is building a revolutionary new 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 for the first time. C+Charge aims to boost the role of carbon credits as a key incentive for the adoption of EVs.
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 $0.017 each, though by the end of the presale, this will have risen by 60%.
Investors interested in getting in early on a promising environmentally friendly cryptocurrency project should move fast, with the project having already raised over $1.5 million and the presale having already entered its second stage.
Investors should also be aware that C+Charge is conducting a generous $50,000 giveaway and recently also decided the implement a burning mechanism to ensure that the crypto token is deflationary.
Visit C+Charge here
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