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Cryptocurrency markets are stabilizing on Thursday, with Bitcoin near $24,000 and Ethereum in the upper $1,600s, as investors weigh this yesterday’s Fed meeting minutes, which unsurprisingly pointed to more rate hikes ahead, and Thursday’s mixed US economic data releases.
US GDP growth in Q4 was revised lower from the prior estimate on consumer weakness, while weekly jobless claims pointed to a still very strong labor market.
Crypto markets are now bracing for Friday’s US Core PCE inflation report, which is the Fed’s favored inflation gauge, and any more news on the regulation front, amid the US SEC’s ongoing crackdown on major crypto firms.
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
Floki Inu (FLOKI)
Floki Inu (FLOKI), a cryptocurrency created in 2021 in honor of Elon Musk’s Shiba Inu dog who goes by the name of Floki, has been surging higher in recent weeks. FLOKI tokens were last changing hands just under $0.00005, up a staggering more than 500% on the year.
Floki’s dev team recently unveiled their roadmap for 2023, pumping hype toward the cryptocurrency this week.
Major upgrades to the Floki ecosystem this year include the launch of a staking program, a Decentralized Finance (DeFi) platform, and a Floki-themed debit card, as well as upgrades to Floki’s web3 Valhalla game.
Bulls will be hoping that FLOKI can soon test its all-time highs in the $0.0003 area, a further 600% rally from current levels.
Buy FLOKI Now
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
Stacks (STX)
Layer-2 Bitcoin scaling protocols have suddenly become all the rage in the wake of the hugely successful launch of the Bitcoin Ordinal non-fungible-token (NFT) protocol last year, which mints NFTs directly onto the Bitcoin blockchain.
The success of the protocol has gotten more people thinking about more scalable ways to mint Bitcoin NFTs, such as Bitcoin layer-2 protocols like Stacks, as well as spurring a general increase in the hype around the idea of a possible Bitcoin-based Decentralized Finance/Application ecosystem.
Stacks, a decentralized smart-contract-enabled layer-2 scaling solution for Bitcoin, is being touted as the perfect place to build such an ecosystem.
And STX, the incentive, utility and governance token that powers the protocol, has been surging as a result. STX/USD was last changing hands in the $0.84 area, up around 34% this week and up over 200% since the start of the month.
Buy STX Now
Calvaria (RIA)
Crypto play-to-earn (P2E) gaming start-up Calvaria, which is currently building what is billed to become one of 2023’s most viral blockchain-powered games, recently concluded a presale of the RIA token that will power its Web3 ecosystem.
Calvaria will be releasing its fantasy-themed non-fungible token (NFT) battle cards game Duels of Eternity later this year.
Investors who missed out on the presale should not despair – RIA was recently listed on major crypto exchanges like LBank, BKex and Uniswap.
RIA is still trading at a fairly subdued price of just above $0.01. When the game launches later this year, some observers think this price could go much higher.
Visit Calvaria here
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