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Bitcoin’s price has dropped 1.8% to $23,171 in the past 24 hours as the cryptocurrency market awaits Wednesday’s Federal Reserve interest rate decision–expected to be a catalyst for the next big market move. With this background, what are some of the best cryptos to buy today?
While most analysts anticipate an increase by 25 basis points, investors will pay special attention for any signs of accommodation from the Fed such as discussing pausing hikes this March or even cutting rates at some point later on in 2023.
Analysts expect Bitcoin to consolidate leading up to the FOMC decision and a negative outcome from the Fed meeting could result in a sizable correction. Other cryptocurrencies, including Ether, are also down today with smaller cryptos, such as Cardano and Polygon, showing greater weakness.
In the midst of a turbulent market, investors are actively searching for potential buys at bargain rates. Five cryptos that could be good cryptos to buy today based on technical and/or fundamental indicators are MEMAG, MINA, FGHT, MANA and CCHG.
Meta Masters Guild (MEMAG) Sets Up for Web3 Gaming Innovation
Meta Masters Guild (MMG) is looking to bring a new community focused guild the Web3 gaming landscape with their innovative “Web3 Gaming Guild.” The guild aims to bring gamers together through a decentralized community centered around an immersive metaverse world. With blockchain technology and its utilization of various mobile games across multiple genres, MMG hopes to create an engaging platform that not only provides entertainment but also connection between players while solving modern problems encountered in gaming.
In addition to a multi-genre library of interconnected games, MMG will also provide non-fungible tokens (NFTs) and cryptocurrency rewards for players. By offering MEMAG currency as well as the ability to control multiple features in the game, MMG is recognizing player dedication and hard work. The open economy system allows gamers to convert digital inventory into Gems that can be exchanged for real money or NFTs within the various gaming titles that will be available on the platform.
To launch the Web3 gaming platform, the team is creating Meta Kart Racers–a racing game with two play modes: Player vs. Player and single-player, which everyone can access on their mobile devices.
MMG has several more Web3 games in the works set to be released into its Meta Masters Guild ecosystem. Crypto investors have been jumping at the opportunity to participate in MMG’s MEMAG token presale launch, and within a couple of weeks an impressive $2.1 million has already been raised, with only a few more days left until the next presale stage when prices will increase.
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Mina Protocol (MINA)
Mina has continued its incredible run from yesterday’s close of a 20.19% raise in the MINA price. At one point today, it was up by another 22%, registering its intra-day high of $0.948. But as of writing, the cryptocurrency is up by only 7.88%, trading at $0.835 as the broader cryptocurrency market is experiencing a decline in today’s trading session.
The price is currently trading above the resistance range of $0.773 to $0.815, where the price was rejected back on November 2022. A successful close above this area means that this area could now potentially act as support for the cryptocurrency. The immediate resistance is a 6-month high of $0.991, registered back on August 2022.
Mina’s recent price increase can be attributed to the launch of the OpenMina node browser concept, which promises to increase the decentralization and security of the network by making node operation more accessible. This aligns with Mina’s goal of using cryptographic proofs to build a more efficient and accessible blockchain architecture.
Fight Out (FGHT) Looks Likely to Reach Ambitious Launch Goals
Fight Out is looking to bring a new spin to move-to-earn apps and the fitness industry in general with their upcoming gym chain and Web3-based app. The project is focused on creating a unique sense of community while also creating personalized workout programs tailored for users’ individual needs.
Those who stay the course and remain committed to their health goals with the M2E app and contribute to the community will be rewarded with REPS tokens, not only acting as a source of motivation but also encouraging users to get involved. The development of this application is being managed by an experienced team vetted through CoinSniper’s rigorous screening process.
Fight Out’s upcoming gyms will be rigged with interactive amenities such as personalized mirrors and sensors for exercise guidance and insights–making the gym experience more enjoyable and engaging users with an NFT-tied “digital avatar” that will level up as they progress in their fitness goals.
Investors can get an early start on the next big thing in fitness apps by investing now in Fight Out’s presale event. Bonuses up to 50% off are currently available to those who invest over $50K.
Already more than $3.6 million has been raised, proving the project has some great momentum as its launch approaches and making it one of the best cryptos to buy today.
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Decentraland (MANA)
MANA is one of the cryptocurrencies that entered 2023 with a major bang. After having an initial run up of 139%, the cryptocurrency has been trading sideways for the past two weeks. Yesterday, MANA finally broke out of its consolidation range as well as the immediate resistance range of $0.7507 to $0.7887 with a 16.43% move to the upside.
The 20-day EMA is higher than the 50-day and 100-day EMAs, indicating a possible continued upward trend. However, the RSI of 67.11 suggests that the asset is overbought, implying a potential downward correction. In addition to this, the MACD’s histogram is showing a decrease from the previous day, suggesting that momentum may be slowing down for Decentraland’s native token.
Volume has decreased from the previous day, and the volume moving average is also lower, indicating a decrease in interest. The previous day’s price movement was up by 16.43%, but the current price has decreased by 6.90% with the price retesting the range low of its previous resistance at $0.7507.
The immediate resistance is at $1 and then $1.0840 to $1.1312, with a potential for an additional 37% move. The immediate potential support is at $0.7507, followed by the support level at $0.65. If crypto markets begin to reverse into positive territory again, MANA could be a buy, so traders are advised to keep an eye out and take risk management precautions if they choose to take a position.
C+Charge (CCHG) Leads the Charge as One of the Best Cryptos to Buy Today
C+Charge is harnessing the power of the blockchain to make the EV charging industry more efficient and transparent with its upcoming groundbreaking peer-to-peer payment system and rewards program. Electric vehicle owners will be able to access charge stations more quickly and securely, process payments with ease, and even receive carbon credit crypto as a reward for using C+Charge’s platform.
Electric car owners looking for a reliable and convenient way to locate charging stations, as well as record and track their charge sessions will benefit tremendously from C+Charge, making C+Charge one of the best cryptos to buy today.
Now is a good time to acquire C+Charge’s environmentally-friendly crypto tokens, CCHG, for $0.013 USDT in stage 1 of the token’s presale before their pricing undergoes a three-part raise that culminates in a final cost of $0.02350.
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