In the cryptocurrency market, the price of Bitcoin has continued to fall from last week, with the price of the coin continuing to hover below $22,000 at $21,662 as of writing, a decline of 1.26 percent and 5.04 percent respectively. The price of Ethereum has also declined and is now below $1,500. What are the best altcoins to invest in given the macroeconomic background?
The Federal Reserve's monetary policy outlook is being closely watched by investors, meanwhile, as regulatory developments are being processed as well.
It was partly due to Kraken's suspension of its staking service and the SEC fining it $30 million for failing to register it properly that Bitcoin's price fell below $22,000.
The New York Department of Financial Services has reportedly begun investigating PayPal's cryptocurrency partner, Paxos, which came under investigation by PayPal earlier this month.
It is often the best time to buy when the cryptocurrency market is in a dip, as it still has growth potential in the future. In these challenging times, investors must stay informed about regulatory developments, support levels, and industry updates as the market navigates through these challenges.
In spite of what lies ahead, now is the best time for investors to evaluate their portfolios and look for new investments. As potential investment opportunities, MEMAG, ZIL, FGHT, TON, CCHG, BAT, and TARO could be worth exploring for those interested in altcoins to buy today.
Web3 Gaming Ecosystem: Game On for Meta Masters Guild
A fast-growing Web3 gaming industry is poised to benefit from Meta Masters Guild (MMG). With almost all the MEMAG token presale stage six tokens sold, its final stage will see the price rise by 228.5% to $0.023, up from $0.021 previously.
A game for the ecosystem, Meta Kart Racers, is expected to launch in Q3 2023, the first game in MMG's partnership with Gamearound. Gideon Clifton, CEO of Gamearound, teased that NFT characters and karts will be given away as part of this game.
In-game assets, characters, etc., can be traded on an NFT marketplace, similar to CS:GO's skin market, which allows gamers to own parts of their favorite games. A staking and governance mechanism will be built into MEMAG, which will be the currency used to transact in the ecosystem.
By 2028, the GameFi market is forecast to reach $104.5 billion, so MMG is well placed with its engaging metaverse games to take a bite out of it. As opposed to other play-to-earn platforms, MMG focuses on engaging and fair gameplay rather than NFT and crypto gimmicks that see people buy their way to the top.
Through the MMG website, investors can purchase MEMAG using USDT or ETH by connecting a Wallet Connect or MetaMask wallet. MeMAG is one of the best altcoins to buy right now, having raised over $4.3 million so far during its presale.
Zilliqa (ZIL)
In the current market environment, Zilliqa (ZIL) has been making headlines after making significant moves. The ZIL price rose 4.98% over the weekend, outpacing the crypto market as a whole, which remained comparatively flat.
As well as its volume, Zilliqa's volume moving average is at 420.403 million, compared to 1.223 billion for the volume moving average. Yesterday, ZIL's price reached an intra-day high of 0.03299, attempting to break over the 200-day EMA. It rose as much as 13% at one point during the day.
In recent trading, Zilliqa has traded at $0.02901, down by 0.77% from yesterday's close. The 20-day EMA is around $0.02821, with the 200-day EMA at $0.04114 as resistance.
As markets gain macroeconomic clarity in the coming weeks, Zilliqa will be an important coin to watch due to its combination of cutting-edge technology, partnerships, and eco-consciousness.
The real-world connection is key to competing against pioneering fitness apps powered by technology
Providing gym goers with a personalized workout experience, Fight Out integrates advanced technology with Web3 connected gyms to lead the fitness world through technological innovation.
Known for its incentive-based, community-focused approach to fitness, Fight Out stands out from the competition. In addition to financial incentives, M2E offers friendly competition and community support as rewards for achieving fitness objectives. By utilizing this inventive method, the workout experience is more immersive.
Fitness centers are no longer the same. Fight Out's gyms are also a radical departure from typical ones. Featuring fitness monitoring and real-time exercise guidance, these facilities provide an individualized workout experience that is second to none. Fitness is about to undergo a game-change due to the convergence of technology, community, and personalization.
In addition to securing the endorsement of renowned athletes such as Amanda Ribas of the UFC and Savannah Marshall of the former WBO middleweight champions, Fight Out has also announced that the Fight Out Ambassador program will conduct educational events and raise awareness of the project.
There is also an opportunity for investors to capitalize on Fight Out's growth in its presale. Investments over $50K can earn an additional 50% bonus, and FGHT tokens have already raised over $4.1 million during the presale, making them one of the hottest altcoins on the market right now.
TON (The Open Network)
The Open Network is a decentralized layer 1 blockchain that has been gaining significant traction in the market lately. Launched by Telegram in 2018, the platform is attracting developers, users, and investors alike.
Developers will have the opportunity to build decentralized applications (dApps) on The Open Network platform and integrate them with other applications, as part of The Open Network's 2023 roadmap.
TON's 20-day EMA sits above the 50-day and 100-day EMAs, signaling an uptrend in the market following the release of the revised roadmap. TON has moved approximately 6% higher over the weekend.
At the moment, the price of TON is trading at $2.262, down by 1.78% for the day, while its immediate resistance is $2.60, whereas its immediate support is the 50-day EMA at $2.25, followed by psychological support at $2. The price of TON is trading at $2.262, down by 1.78% for the day.
One of the best altcoins to buy right now is C+Charge's EV charging app
An EV charging app and peer-to-peer payment platform based on blockchain, C+Charge, is changing how electric vehicle owners make payments and charge their cars. As the EV market grows, it is becoming increasingly challenging to find charging infrastructure, so the platform provides reliable and transparent payment channels for EV owners.
Global governments are adopting green energy solutions with the rise of electric vehicles. For example, the European Automobile Manufacturers' Association (ACEA) reported an increase of 12.1% in EV sales in the EU region. Currently, there is a lack of charging infrastructure to accommodate the rising number of electric vehicles, and the system is inefficient and lacks transparency.
Users will be able to pay with the native CCHG token and find nearby charging stations easily with C+Charge's solution, which is both to build charging stations of its own and to collaborate with existing companies and networks.
In order to make payments for charging safely, CCHG uses blockchain technology to provide a transparent and quick process for EV owners. This ensures that payments are processed as soon as possible.
In addition to receiving carbon credits on the blockchain via Goodness Native Tokens (GNT), EV owners using the C+Charge platform will also receive goodness native token rewards. Samsung Next, A16z Crypto, and Invesco have backed the tokens, which represent verified voluntary carbon credits and can be traded or sold within the C+Charge app.
With over $1 million raised during stage 1, C+Charge has completed the first stage of its presale. Stage 3, the next presale stage, is set to raise prices another 10.3%, making it a great time to invest in one of the best altcoins available today.
BAT (Basic Attention Token)
It aims to provide advertisers with better returns on investment by using a blockchain-based platform to reward users for their attention and make digital advertising more transparent. Basic Attention Token (BAT) will be used to power this platform.
Brave Browser, one of the most widely used browsers within the platform, was launched in 2017 and has seen rapid growth since then.
A total of 1.5 billion BAT tokens are currently in circulation, with almost all of the available supply being exchanged between advertisers, publishers, and users in the advertising ecosystem.
After closing yesterday's candle with a 4.06% move, BAT tried to retest its immediate resistance of the 200-day EMA during the trading session when it reached its intraday high of $0.3010. However, buyers immediately came into play, leading to BAT closing lower.
Currently, BAT is trading at $0.2797, up 2.91%. The cryptocurrency is currently held at the 20-day moving average, where the price has held for the past five days. In the event that BAT successfully retakes its 200-day moving average (EMA) at $0.3000, the next target is $0.3500, which represents a 15% upward move.
With RobotEra, gaming has entered a new phase
RobotEra (TARO) represents the latest evolution in high-tech metaverse creation as Web3 technology advances. It elevates Minecraft-style games to a new level with its advancement in technology. Using non-fungible tokens in combination with augmented and virtual reality, this inventive concept offers players the opportunity to build their own virtual communities and economies within the game and own and trade ownership of those communities and economies.
Users of all skill levels can play RobotEra thanks to its user-friendly interface. In the game, players can purchase land, own non-fungible tokens (NFTs), and take part in other economic activities with the TARO cryptocurrency, which drives the game's economy.
The Taro Universe has reached another crazy milestone today!
Building their own thriving virtual communities, players can leverage the game's robot companions, build structures, and transform landscapes.
RobotEra has the potential to attract a wide range of players and become a prominent force in Web3 gaming because of its innovative concept, intuitive interface, and monetization options. Players can explore and conquer a new digital economy with the metaverse building game and its NFT trading platform.
Its $864K token presale raise makes RobotEra one of the best altcoins to buy at present, thanks to its successful launch.
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