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The cryptocurrency market is undergoing a period of instability as regulatory fears lead to a decline in the crypto total market cap. According to Coinmarketcap, the global cryptocurrency market has dropped below the $1 trillion market capitalization and is currently standing at $987 billion. With this macroeconomic backdrop, what are the best cryptos to buy today?
In recent years, the $1 trillion market cap has been a significant psychological level for investors as a move above it tends to attract attention and bring institutional players to the space. Recent losses have been driven by Bitcoin (BTC), which has fallen below $22,000, invalidating its push towards reclaiming the $25,000 mark.
Bitcoin is currently trading at $21,841 with a daily loss of 2.34%. Despite the losses, it’s still up over 30% on the yearly chart and has a market cap of $417.206 billion. Other major assets, such as Ethereum (ETH), XRP, and Cardano (ADA), are also experiencing a correction.
The current decline in the crypto market is likely due to the SEC’s recent focus on staking activities, which has led to cryptocurrency exchange Kraken to discontinue its digital-asset staking products in the United States while paying a $30 million settlement to the SEC for violating investment regulations.
The SEC has also announced its plans to sue stablecoin issuer Paxos, alleging that its Binance USD (BUSD) is an unregistered security.
With growing concerns about inflation and higher interest rates, investors are becoming increasingly wary of riskier investments such as Bitcoin, putting pressure on the market. This week’s inflation data for January will be of particular interest to investors as they continue to monitor market developments.
Investing in the crypto market during a market dip can be a challenge, but it’s also often one of the best times to take positions as most coins are at a discount. Regardless, in times of market correction and consolidation or bull markets, it’s always wise to focus on cryptocurrencies with strong fundamentals and/or technical analysis indicators.
Some of the best cryptos to buy today are MEMAG, SOL, FGHT, MINA, and CCHG.
Meta Masters Guild’s Unique Web3 Gaming Guild Makes it One of Best Cryptos to Buy Today
With the continuous launch of new Web3 games and platforms, it’s becoming increasingly clear that the future of gaming is moving towards decentralization and gamer empowerment. Meta Masters Guild (MMG), a Web3 gaming guild and mobile game ecosystem backed by a metaverse, is quickly positioning itself as a key player in the growing Web3 gaming landscape.
MMG has generated significant interest in the lead up to its launch, with the presale of its MEMAG token quickly selling out stage after stage and the final stage of the presale now live.
The company’s partnership with leading game studio Gamearound is also fueling excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.
One of the key features of MMG is the use of Non-Fungible Tokens (NFTs) to allow gamers to own parts of the games they play. The creation of a native NFT marketplace will give users the opportunity to trade in-game assets. MEMAG will serve as the means of settlement throughout the MMG ecosystem, and will also have governance and staking features.
The Web3 gaming market is predicted to grow to $104.5 billion by 2028, and MMG is looking to capture a chunk of that growth. The company’s focus on high quality gaming over other Web3 games driven by crypto hype and pay-to-progress gaming sets it apart from other play-to-earn platforms and highlights its commitment to delivering a truly engaging and immersive gaming experience.
With a clear roadmap and high potential for success, MMG is poised to become a thriving gaming ecosystem in the rapidly expanding GameFi market. Investors who want to get in on the action can visit the MMG website to purchase MEMAG using either ETH or USDT. The presale has so far raised over $4.3 million, ensuring a well-funded launch and making it one of the best cryptos to buy today.
Visit Meta Masters Guild Now
Solana (SOL)
Solana (SOL) has seen a lot of movement in the past few months. After a 94% drop in 2022 due to its connection with FTX, Solana has made a strong comeback in 2023, with a YTD increase of 103.11% as of writing.
Solana is taking measures to improve its blockchain network, with issues plaguing the network in 2022. The crypto is close to releasing updates that will limit network outages, and is consolidating its ecosystem, with 83% growth in developers on its blockchain. Solana is also looking to make its blockchain more attractive for staking, which will help boost its weak TVL numbers.
The founders of Solana recently released a report that showcases future Web3 projects in its ecosystem. These initiatives include new mobile networks, publishing platforms, DeFi platforms, and physical hardware such as the Saga “crypto phone”.
Solana is currently trading at $19.81 with a loss of 7.82% for the day. The 20-day exponential moving average (EMA) for Solana is at $22.15, while the 50-day EMA is $20.62, and the 100-day EMA is at $21. This indicates that the short-term bias for SOL may be bearish.
The relative strength index (RSI) for Solana is 42.28, which indicates a neutral market trend for the cryptocurrency. The volume for Solana is 5.443 million today so far, with the previous day’s volume 4.625 million, and the volume moving average stands at 5.221 million.
The immediate resistance level for Solana is $27, while the immediate potential support is at the Fib 0.382 level, located at $19.66. A breakdown from this level could potentially push the prices all the way down to the Fib 0.5 level, located at $17.44. Traders and investors alike are advised to closely monitor this crucial support level in the coming days.
Fight Out Leads Way in Tech-Infused Fitness
The fitness industry is undergoing a tech overhaul and Fight Out is set to take the lead. This innovative platform fuses cutting-edge technology with top-notch gyms, offering patrons a personalized workout experience.
Fight Out stands out with its incentive-driven, community-oriented fitness approach. The M2E app rewards users with REPS tokens for reaching fitness goals, combining financial rewards with friendly competition and community support. This imaginative method provides a more engaging workout experience compared to traditional options.
Fight Out’s gyms are also a major innovative deviation from standard fitness centers. Equipped with advanced technology including workout tracking and real-time exercise tips, these facilities will offer a highly individualized experience. This combination of technology and customization will be a significant advancement in fitness apps and physical gyms.
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 as part of the project’s Ambassador program.
Investors can take advantage of Fight Out’s bonuses of up to 50% for investments over $50K in its presale. FGHT tokens have already generated over $4 million in the presale, making them one of the best cryptos to buy today.
Visit Fight Out Now
Mina Protocol (MINA)
The Mina Protocol (MINA) has recently seen a significant increase in its price, rising 46.68% over the course of two days last week. The cause of this rise is attributed to the adoption of zk-SNARKs by Binance.
This technology ensures the confidentiality and security of information during proof-of-reserve verification, making the Mina Protocol a player in the growing trend towards zero-knowledge proofs.
The Mina Protocol’s zero-knowledge (ZK) technology enables one party to prove the validity of a transaction to the other without revealing any information. This feature makes the Mina Protocol the lightest-weight blockchain available, with its design and autonomous computing capabilities putting it at the forefront of the industry.
The popularity of ZK technology has been growing since late 2022, when Polygon (MATIC) announced the launch of its zkEVM solution. This has only been amplified by the upcoming releases of zkSync and StarkWare’s rollup and tokens, contributing to the positive sentiment surrounding ZK technology and driving up the prices of related tokens, including MINA.
On Saturday, MINA’s price attempted to break through the resistance range of $0.976 to $0.998, closing at a price of $1.128. However, the price was quickly met with selling pressure the following day and returned to trading below the key resistance levels.
As of writing, MINA’s price is at $0.909 with a 9.37% loss for the day. With the EMAs quickly catching up with the current price, traders can anticipate a potential bounce from the 20-day EMA at $0.822 in confluence with the previous horizontal support levels.
If the MINA successfully remounts the $1 price level, the next potential target is the psychological resistance level of $1.50 for a potential 50% move to the upside.
C+Charge Taking Charge of EV Market Innovation
C+Charge, an upcoming peer-to-peer payment system and EV charge station app, will be a boon to electric vehicle (EV) owners. The platform aims to address the issue of insufficient charging infrastructures in the growing EV market and offer a convenient and transparent payment and rewards system for EV owners.
The increased popularity of EVs has led to a global shift towards green energy solutions. The European Automobile Manufacturers’ Association (ACEA) has reported a 12.1% rise in EV sales in the EU. However, the current charging infrastructure has not kept pace with this increase in EV ownership and is plagued by inefficiencies and a lack of pricing transparency.
C+Charge’s innovative solution is to construct charging stations and work with existing ones while making payments more transparent, easier, and secure.
Not only does C+Charge simplify the payment process, but it also rewards EV owners with carbon credits in the form of Goodness Native Tokens (GNT). These tokens, backed by venture capital firms including a16z and Samsung Next, represent a verified voluntary carbon credit and can be traded using C+Charge’s app.
The C+Charge presale phase 1 has been successfully completed, raising over $1 million with the CCHG token. The token’s price is next set to rise by another 10.3% in stage 3 of the presale.
Visit C+Charge Now
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