Best Crypto to Buy Now 16 November D2T, CHZ, TARO, ALGO, RIA
Shockwaves have continued to roar across the cryptocurrency market following the demise of FTX, one of the largest cryptocurrency exchanges in the world. Investors and businesses exposed to the now-bankrupt platform have no option but to write off their losses and figure their way out of this unfortunate event.
According to a special edition of Kaiko Research's Data Debrief, the collapse of FTX affected other liquidity providers like Amber Group. With FTX's related company, Alameda Research, out of the game, the report says that market participants should expect a significant liquidity crunch. More companies are expected to reveal their exposure to FTX-related firms in the coming weeks and months.
Despite these ongoing market shocks, a number of crypto projects have been bucking the trend and these have been outlined below.
Dash 2 Trade (D2T)
Social trading has, over the years, demystified trading, and Dash 2 Trade is on the path to becoming a frontrunner in this space. Users on this platform will have the opportunity to access world-class crypto analytics, making it easier for investors to make informed decisions.
Dash 2 Trade stands out from its peers for providing trading signals with prompt buy/sell opportunities.
Studying on-chain data is now common among investors and traders in the market. With Dash 2 Trade, social sentiment and on-chain analysis will be available to all the users of the platform.
Experienced traders often build and test their trading strategies. Dash 2 Trade can be used as a strategy builder, using social trading tools that make trading simple and interesting.
Users on Dash 2 Trade will have the opportunity to get firsthand information to participate in presales, thanks to a bespoke scoring system. In close relation to presales, users will get alerts on new exchange listings where they can capitalize on quick gains.
D2T is the token at the center of the Dash 2 Trade ecosystem. The token will fuel the investors' trading journeys by making sharing of ideas possible so they can take advantage of all other platform features.
While Dash 2 Trade has a free tier, investors who want access to more features can pay 400 D2T monthly for the Starter tier and 1,000 D2T monthly for the Premium tier.
D2T currently sells for 0.0513 USDT, but this price will go up to 0.0533 USDT in the next presale stage.
Chiliz price spikes 14% after sending buy signal
Chiliz price is in the green while other crypto assets grapple with the mess created by the FTX debacle. A rebound from support at $0.15 lost steam as CHZ approached the resistance at $0.24 last Friday. A temporary retracement followed, turning short positions profitable to $0.18.
A mid-week attempt by bulls to recoup losses incurred since Monday last week successfully cleared key hurdles provided by the 50-day Exponential Moving Average (EMA) (in blue) at $0.2144, the 100-day EMA (in blue) at $0.2167 and the 200-day EMA (in purple) at $0.2206.
The Moving Average Convergence Divergence (MACD) indicator added credence to the bullish outlook in CHZ price by sending a buy signal. Its return above the mean line suggests that buyers have the upper hand.
The Super Trend indicator is also trailing Chiliz price with a buy signal. This indicator gauges market volatility using the average true range (ATR). If support at the 200-day EMA holds, CHZ will consider its next northbound move to $0.28 and $0.30.
RobotEra (TARO) is a Sandbox-like Metaverse in which gamers can play as robots and participate in the creation of its virtual world. Scheduled to release its alpha version by the coming spring, its ecosystem will see users creating their own NFT-based land, buildings, and other in-game items, all of which can be traded with other players.
Investors can participate in the sale of its TARO token by heading over to its website, where 1 TARO is now going for 0.020 USDT.
This price will increase to $0.025 in the second stage of its presale, which is due to begin soon.
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These Are Levels to Watch as Algorand price Exhausts Uptrend
Algorand's price has risen after a few days of intense selling, along with the broader crypto markets. ALGO has since found support at $0.24 and is now rallying higher. There now seems to be profit-taking at the 50-day EMA (in red) at $0.2957.
Two consecutive bearish candles have now appeared as some investors book early profits. These declines might carry on, especially if a sell signal presented by the TD Sequential indicator is considered (green).
The closest support level is at $0.25.
The MACD, however, is showing big green bars indicating that momentum is currently bullish, despite these pullbacks. Rallies to the 100-day EMA (in blue) at $0.3167 and the 200-day EMA (in purple) at $0.3350 and $0.4500 can be expected.
Calvaria (RIA) is a new play-to-earn game that lets players earn and battle with NFT-based collectible cards. What distinguishes it from other blockchain-based games is that users can play it without having to hold any cryptocurrency, something which could serve to make it more accessible to a wider pool of gamers.
Its presale has raised more than $1.7 million and has just entered its fourth stage, with 1 USDT currently buying you 40 RIA.
Prices increase as the presale progress so interested investors may need to hurry to get the best possible prices.
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