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Despite the US government adopting a stricter regulatory approach towards digital currencies, Thursday has seen a robust rebound in the cryptocurrency market. Investors are now on the lookout for the best crypto to buy today, as the market continues to display resilience amid regulatory hurdles.
Bitcoin has seen a surge of 9.5% so far today and is working to break through $25,000, while Ether is up by more than 8.55% at $1,714. The overall value of the cryptocurrency market rose by more than $84.8 billion in the past 24 hours, meanwhile.
Bitcoin’s price has now reached its highest level since mid-August 2022 when the crypto market experienced turmoil resulting in bankruptcies, failures of projects and companies, and the collapse of major exchange FTX.
According to Yuya Hasegawa, an analyst at Japanese crypto firm Bitcoin Bank, there is a shift from altcoins to Bitcoin in the wake of regulatory action. Hasegawa noted that “the current regulatory environment surely looks like a headwind for the crypto market, but it seems like some money is moving from altcoins to bitcoin since bitcoin is the only cryptocurrency that is labeled ‘commodity’ by the SEC chair. Consequently, bitcoin’s market dominance is on the rise.”
Bitcoin is closely correlated with equity markets, particularly the tech-heavy Nasdaq index. But while the Nasdaq is up approximately 15% year-to-date, Bitcoin has outperformed the index and is up 48% this year.
In light of recent regulatory challenges and fluctuations in cryptocurrency prices, it may be beneficial for investors to assess their portfolios and seek out new prospects for growth. To that end, it could be worth considering some of these best cryptos to buy today: MEMAG, RNDR, FGHT, OP, METRO, NEAR, and CCHG.
Meta Masters Guild Set to Be Key Player in Growing Web3 Gaming Industry
Meta Masters Guild (MMG) is looking to solve some challenges in the Web3 gaming world with its innovative gaming ideas and platform. As the gaming industry moves towards player empowerment and decentralization, MMG is set to become a major player in this booming industry.
MMG’s MEMAG token has generated significant interest among crypto investors, with the presale stages selling out repeatedly, and now in its last stage. The partnership with the prominent game studio Gamearound and the upcoming launch of Meta Kart Racers in Q3 2023 have contributed to the excitement surrounding MMG.
The integration of Non-Fungible Tokens (NFTs) into MMG games allows players to own various parts of the game they are playing, and the development of a native NFT marketplace creates opportunities for in-game asset trading. MEMAG serves as the MMG ecosystem’s currency, providing governance and staking features and serving as the primary means of transaction for MMG players.
Experts predict that the Web3 gaming market will reach $104.5 billion by 2028, and MMG is keen to seize this growth opportunity. The company prioritizes providing an engaging gaming experience over pay-to-progress models, indicating its commitment to delivering high-quality games.
With a well-defined roadmap and a lot of potential for capturing a sizable chunk of the market with its diverse games, MMG is poised to become a thriving gaming ecosystem in the rapidly expanding GameFi market. Investors can participate in the presale by buying MEMAG with ETH or USDT on the MMG website, which has already raised over $4.7 million. However, the presale will be ending in less than a day as of writing, so investors will have to hurry to get some tokens.
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Render Network (RNDR)
The RNDR token is on the rise along with many other cryptos in the market. With the RNDR token trading above the important Exponential Moving Averages (EMAs), the token is currently showing signs of further bullish movement.
Trading at the upper band of the Bollinger band indicator, the RNDR token’s current volumes indicate high volatility in the upcoming trading days. Investors should be cautious and wait for a proper breakout for a further uptrend move.
Currently, RNDR’s price is at $2 with a 0.35% gain for the day and the 20-day EMA is at $1.54. This indicator has been trailing the price for the past couple of days so this indicator can potentially act as dynamic support for the cryptocurrency.
The immediate resistance is the range between $2.226 to $2.259. If it successfully reclaims this level, RNDR’s price can potentially shoot all the way to $3 for an additional 35% move to the upside.
Fight Out Reinvigorating Fitness with Web3 and M2E Solutions
Fight Out is disrupting the conventional fitness industry with its innovative Web3 and move-to-earn (M2E) technology, addressing major concerns in the sector such as a high rate of gym member dropouts.
According to the IHRSA, 50% of new gym members stop after only six months of membership due mainly to lack of motivation, connection, and personalization. As noted in an IHRSA report, since the start of COVID-19, “the permanent closure of 17% of clubs in the U.S.—and as high as 40-50% in some countries—has left a large segment of displaced members seeking new alternatives.”
Fight Out offers an all-inclusive solution for people searching for such alternatives that consists of a personalized NFT avatar that portrays the individual’s fitness stats and gamifies their fitness to inspire continued engagement, along with REPS token rewards and custom workout plans.
With REPS tokens, users can be rewarded for working out at home or in a gym. The tokens can also be cashed in for discounts on merchancise, subscriptions, and gym memberships.
Fight Out is set to open its first gym in the final quarter of 2023, featuring cutting-edge equipment and unique features such as Web3-powered tech like digital mirrors displaying the user’s fitness profile and sensors tracking workouts for ongoing advising and insights.
By providing an atmosphere of community, individualization, and goal-oriented inspiration, this company is setting itself up to make a dent in the fitness app industry.
Investors have the opportunity to make the most of the opportunity as well, with investments over $50,000 receiving bonuses of up to 50% in the project’s token presale. The FGHT token has already raised nearly $4.24mn in its presale period and will begin its next phase soon with higher prices.
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Optimism (OP)
Optimism is a layer-2 scaling solution that has been designed to power decentralized applications on Ethereum. Optimism promises to offer high throughput, low latency, predictable transaction costs, and enhanced security features.
The platform allows developers to create trust-minimized applications that can include composable ETH or ERC-20 tokens with rich data structures, which have significant potential for the future of Web3.
OP broke out of the Fib 0.786 level and 20-day EMA on Wednesday with a 16.19% move to the upside. The RSI indicator of 61.78 confirms that the cryptocurrency is continuing to rise as it approaches the overbought region of RSI 70. This indicates that the demand for OP is high, and buyers are in control of the market.
The MACD histogram indicator shows an upward trend as well, and the current reading of -0.038 is higher than the previous day’s reading of -0.097. This suggests that the price may continue to rise, and buyers might dominate the market in the coming days.
OP’s price is currently at $2.90 with a 2.94% gain for the day. Optimism’s price reached an all-time high of $3.229 on February 3, which is its immediate resistance. Potential support may be found from the Fib 0.618 level at $2.337.
Metropoly’s NFT Marketplace with Instant Liquidity and Passive Income
Metropoly’s upcoming NFT marketplace is set to change the way people invest in real estate for the better. The platform uses fractional ownership to back properties worldwide, all managed by Metropoly.
And unlike traditional real estate investment, there are no requirements for a credit score, down payment, mortgage, or paperwork, allowing investors to get started with just $100 and earn passive income through automatic rental payments.
The traditional real estate market suffers from significant liquidity issues, but Metropoly addresses this with instant liquidity. Investors can sell their properties for 70% of the price or the highest bid in an auction, with real-time analytics and data available to help with investment decisions.
Metropoly’s primary utility token is METRO, with a supply of one billion tokens, successfully audited by CertiK and Solidproof, and with no taxes. The marketplace offers real estate NFTs and a launchpad for discounted investments in new projects. Metropoly plans to expand its offerings to other asset classes as well, such as gold, stocks, and art, in the future.
Metropoly’s revolutionary NFT marketplace makes real estate investment accessible to everyone, backed by actual properties. With unique features, including fractional ownership, instant liquidity, and real-time analytics, Metropoly is set to be a game-changer in the real estate investment industry.
METRO tokens have already garnered more than $500K in the project’s token presale, and the cost of the tokens will go up with each stage. Now is the perfect time to grab some METRO as one of the best cryptos to buy today before their price increases.
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Near Protocol (NEAR)
NEAR Protocol (NEAR) is a newly-launched blockchain platform that aims to provide developers with a scalable, secure, and easy-to-use environment. Through its in-built programming language “Move,” NEAR Protocol (NEAR) developers can create smart contracts and decentralized applications (dApps) on the network.
NEAR has experienced a 100% YTD increase, starting from $1.20. The cryptocurrency has been moving sideways since January 23. On Wednesday, it bounced off the range-low support at $2.20 and went for an 11.98% move to the upside.
NEAR’s price is trading at $2.520 as of writing with a 0.16% gain for the day. It is vital for its price to break out from the range-high of $2.640 to $2.690 to indicate a shift from its sideways trend. If NEAR succeeds in retaking this level, the next target is the resistance range of $3.331 to $3.448 for a potential 23% to 28% move to the upside.
C+Charge Charging Forward With Major EV Market Innovations
C+Charge is looking to make the payment and charging experience for electric vehicle owners better with its blockchain-based platform. With a worldwide surge in EV ownership, there is an urgent need to build alternative energy solutions that can keep up with increasing demand–but existing infrastructure is not yet ready to meet this challenge. C+Charge’s groundbreaking platform has the potential to fix this.
To address these challenges, C+Charge is constructing charging stations and collaborating with existing ones, while allowing users to pay with the CCHG token and easily find nearby charging stations and see exactly how much charging will cost.
The blockchain technology powering CCHG guarantees transparent and quick payment processing. The app also offers real-time data on nearby charging options and can diagnose the vehicle for potential problems.
In addition to streamlined payments, EV owners using C+Charge will receive carbon credits in the form of Goodness Native Tokens (GNT). These tokens, backed by venture capital firms such as a16z Crypto and Invesco, represent verified voluntary carbon credits and can be accessed in the C+Charge mobile app for trading.
The first phase of the C+Charge presale has been completed successfully, and the presale has so far brought in over $1.18 million. The token’s price will increase by another 10.3% in the next presale stage.
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