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Bitcoin’s recent uptrend has sparked discussions among investors and traders about the future of the world’s largest cryptocurrency by market capitalization. After recording a 5-day streak of negative closes, Bitcoin rebounded with a 2.14% increase in value yesterday. This surge in price is largely due to favorable macroeconomic conditions. In this investment climate, what are the best cryptos to buy today?
Federal Reserve Chair Jerome Powell’s recent statement about the ongoing process of reducing inflation has further fueled the optimism surrounding risk assets like Bitcoin. In a question and answer session at the Economic Club of Washington, D.C., Powell stated that although the process has started, we still have a long way to go, and inflation may not reach the target 2% until 2024. This has led many to believe that 2023 could mark the start of a potential shift in the cryptocurrency market’s bearish trend.
The crypto market is currently in a state of relative stability, characterized by small price changes and a slowing of the recent crypto rally. It’s uncertain which direction the market will move next, but those looking to invest during this period of consolidation may benefit from considering tokens with a favorable fundamental and/or technical outlook.
Some of the best cryptos to buy today include MEMAG, GRT, FGHT, AGIX, and CCHG.
Meta Masters Guild Launching Game Changing Web3 Game Network
Meta Masters Guild (MMG) seeks to bring together gamers from diverse platforms and genres. The innovative platform blends blockchain and Web3 technology for community-led events such as tournaments, leaderboard challenges, and reward systems. Gamers can earn Gems rewards through, which can then be exchanged for NFTs (Non-Fungible Tokens) representing in-game items, or MEMAG crypto.
The guild’s opening game, “Meta Kart Racers,” is a mobile PvP or solo racing game. More Web3 games are expected to be added to the platform as well. MMG has received favorable response in its MEMAG token presale, raising $3.6 million in a short time.
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The Graph (GRT)
The Graph (GRT) has recently seen an increase in its token price after a successful token unlock and transfer. This surge in value can be attributed to the platform’s strong fundamental performance and significant growth over the past few months.
The Graph is a Web3 protocol designed to make it easier for developers to build decentralized applications (dApps) by providing a quick and effective way to query data from different blockchain networks.
While GRT still remains 93.79% down from its all-time high of $2.88, the recent surge in its price and the strong underlying performance of the platform provide a glimpse of its potential.
From a technical analysis standpoint, GRT’s current price of $0.1797 leaves room for growth, with the possibility of reaching the $0.30 psychological resistance. To solidify its upward trend, GRT must first maintain stability above the 50-week EMA at $0.21.
Examining GRT’s recent price movements using Fibonacci retracement levels reveals potential resistance levels. Following yesterday’s 61.63% increase, the price has dropped from the $0.1972 Fib 0.236 level, which may act as a near-term resistance point in conjunction with the $0.20 psychological resistance.
With the cryptocurrency looking to retrace for today’s trading session, traders should take a look at the Fib 0.382 level at $0.1755 and Fib 0.5 at $0.1579 for potential levels of support.
Fight Out ‘s High Tech Foray into to Fitness Industry Makes it One of Best Cryptos to Buy Today
As technology looks to shape the future of the fitness industry, Fight Out is leading the way. Its innovative Web3 app and gym chain provide personalized workout plans and a supportive community that rewards progress. With the M2E app, users are incentivized with REPS tokens for reaching fitness objectives, merging financial motivation and competition and inspiration with other users.
The first of Fight Out’s state-of-the-art gyms will launch later this year, featuring “mirror” profiles and real-time workout tracking, offering a complete fitness experience. The project also has the backing of top athletes including UFC’s Amanda Ribas and former WBO champion Savannah Marshall, serving as ambassadors to increase awareness.
Take advantage of Fight Out’s growth potential and receive a 50% bonus on investment over $50K. FGHT tokens have already raised over $4 million in the presale, positioning them as one of the best cryptos to buy today
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SingularityNET (AGIX)
SingularityNET (AGIX) has taken the crypto world by storm as it has become one of the most-purchased tokens among the largest 100 ETH whales in the past 24 hours, according to Whalestat. This surge in popularity can be attributed to the growing interest in AI-based platforms and the bullish trend of AI-based tokens.
Since the start of 2023, the cryptocurrency market has seen a resurgence, with many cryptocurrencies recording significant gains. SingularityNET’s native cryptocurrency, AGIX, has been one of the biggest beneficiaries of this trend, experiencing a staggering 964.48% YTD increase.
AGIX began today’s trading session with sustained bullish momentum after setting a new all-time high price of $0.67. However, the price was immediately faced with selling pressure, leading to a drop to $0.4679, representing a loss of 18.57% for the day so far and breaking down from the Fib 0.786 level at $0.50. The next potential support may be found at the Fib 0.618 level of $0.43.
Despite today’s dip (which is are sometimes the best times to buy), the long-term outlook for AGIX remains positive as the adoption of AI-based technology continues to grow.
SingularityNET’s decentralized platform provides a new level of accessibility to AI services, which has drawn the attention of both investors and developers.
Revolution in EV Charging Unveiled by C+Charge
Electric vehicle drivers will soon be able to experience a hassle-free and informed charging process, thanks to C+Charge’s cutting-edge blockchain technology based peer-to-peer payment platform. C+Charge will provide drivers with valuable cost insights and the added bonus of earning carbon credits as cryptocurrency.
In collaboration with Flowcarbon, C+Charge is making carbon credit cryptocurrency more accessible to the masses, offering EV drivers the opportunity to earn Goodness Nature Tokens ($GNT) through usage of the app. Property owners can also reap the benefits of this platform, with the ability to monitor energy consumption from each charging session, avoiding overcharging non-EV drivers and promoting the installation of their own chargers.
Token prices starting at $0.013 USDT are set to rise in three increments until reaching $0.02350, presenting a timely investment opportunity in C+Charge and a glimpse into the future of electric vehicle charging.
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