Best Crypto to Buy Today 22 February – FGHT, 1INCH, METRO, AGIX, CCHG
As altcoins explode on the back of Bitcoin’s impressive push to $25,000, Cryptonews cut through the narratives to find the altcoins with the best potential returns on the market today.
Markets this week have been characterized by a changing direction in the industry.
Fresh off the back of FUD from the SEC – which has seemingly declared regulatory war against crypto firms – bringing a halt to staking on multiple platforms and opening an investigation into Paxos (the team behind Binance BUSD).
An emerging Chinese crypto narrative has captured hearts, and pumped Chinese coins such as NEO and Filecoin (FIL).
This comes as Hong Kong moves to greenlight crypto trading for retail investors – and a $50m (HK dollar) investment pot is announced to help develop the crypto hub.
Announcements that the People’s Bank of China has started quantitative easing fuelled rallies further.
This was confirmed on Friday when China released $92bn worth of liquidity into global markets.
Fight Out plans to change that and reignite interest in the Move-2-Earn space. To tackle this challenge, Fight Out is shaking up the world of the possible by delivering a complete monitoring system that can record any exercise from your time in the weight room to your hours down the Dojo.
With more than $4.5 million raised in a presale launched toward the end of Q4 2022. Fight Out hopes to remove the barriers to entry that come in the form of Web3 knowledge and expensive starter NFTs associated with platforms like STEPN.
The main approach is to open the Web3 industry so that everyone can benefit while living a healthy lifestyle.
The Fight Out app acts as a fitness-hub platform that enables the user to track, plan, and fine-tune their routines, sleep, and diet – within the bounds of a monetized in-app economy.
This will see users who join this new ecosystem accessing live coaching, training classes, PVP stat battles and a chain of physical gyms spread around the world.
Fight Out rewards all types of exercise – and really pays with the native $FGHT token empowering an entire marketplace of physical and digital rewards. With presale token prices increasing every 12 hours – don’t miss out on the future of M2E!
1Inch (1INCH)
This leading DEX project has seen a spurt in attention on the back of a bullish week for internal project activity.
Yesterday 1Inch hit an impressive 1.4m active users of its Polygon chain.
All of this work is clearly paying off, with 1inch climbing 81% over the course of 2023.
Now currently trading at $0.65 (a 24hr change of -4.8%).
Monday saw a huge spike, as markets pumped 1INCH +18.10%.
This sudden move quickly hit resistance which has left the token reeling in a -7% local retracement action.
Although price seems to be consolidating with great strength around $0.65, another leg up would likely push 1inch to historic resistance at $0.745 (a +14.5% move).
Yet downside risk is noteworthy – a fall could tumble price to the local support zone around $0.55 (a -15.5% move).
With the RSI signaling bearish divergence at 60 and the MACD only just providing reassurance at 0.0001 – things seem on the fence.
1inch’s current Risk: Reward ratio structure is 0.93 – not an especially attractive entry.
It could well be worth waiting for a better entry following a longer consolidation period. If the RSI can cool down more, and the MACD remains bullish this could signal the next leg of this rally.
Metropoly (METRO)
Metropoly is a promising real estate crypto project aiming to become the premier platform for the tokenization of real estate.
The platform is creating a fully decentralized real estate marketplace based on the blockchain, with the goal of democratizing access to real estate projects by enabling even fractional shares in real estate investments.
The platform utilizes NFT technology to provide proof of ownership and allows investors to claim a share of passive income flows.
Metropoly aims to reduce barriers to entry in real estate investment, enabling even the smallest retail investor to gain exposure to real estate.
The platform also reduces the average buy time for real estate from 60 days to 20 seconds and helps remove the capital barrier to entry with a small investment need of $100 instead of a 15% deposit.
The platform is set to launch its first properties in the coming month, with plans for a CEX listing, GameFi connectivity, and proposed lending functionality in the future.
SingularityNET (AGIX)
The poster boy of the AI crypto narrative, AGIX exploded this February amid hype around ChatGPT and Google Bard.
Market excitement drove an eye-watering 250% rally.
However, since the narrative has calmed – so has price action. The past two weeks have seen a deep localized retracement move (-41%).
But the sun is still shining for this old-school gem. Just this week, the SingularityNET Twitter hit 100k followers – showcasing the continually growing traction.
Traders are waiting to see if markets will bounce when the slow-rising 200-Day MA finally converges with price action.
It is hoped this will ensure the consolidation level with supportive legs that could catalyze a bounce.
With the RSI significantly cooled off over the past fortnight, it now reads a bullish 41. This is an oversold signal.
The MACD, conversely, is sat at -0.00116. This minor bearish divergence is reflective of the continual lower highs seen within the consolidation movement. And could indicate a need to test support of convergence between the lower trend line and rising 200 Day MA.
Overall, AGIX is still targeting hard resistance at $0.65 (a +65% move from here).
Whereas downside risk is minimal, with the imminent convergence of the 200-day MA forming a safety net below the current price action. This gives a downside risk to $0.325 (-17%).
The Risk: Reward ratio is impressive then at 3.88 – a very good entry, as consolidation seems primed to breakout soon.
C+Charge (CCHG)
C+Charge ($CCHG) is a new cryptocurrency that’s shaking up the carbon credit industry.
This innovative start-up aims to take advantage of projected $2.4 trillion growth in the industry by 2027. And you don’t have to look far to see its relevance.
Up and down the roads, we’re seeing EV charging stations popping up for fleets of gleaming Teslas. And C+Charge is proposing a chance for everyday people to claim a slice of the pie.
The company offers a Peer-2-Peer (P2P) payment system for Electric Vehicle (EV) charging using blockchain technology.
With this system, EV drivers can earn carbon credits and profit from the industry’s growth.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
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