Best Crypto to Buy Today MEMAG, CRV, FGHT, APT, CCHG, GMX, METRO
The US regulatory crackdown on the cryptocurrency industry has caused a stir, as recent actions by US authorities have made the market uneasy. Despite this, the crypto market has remained relatively stable today, even in the face of CPI data showing inflation is still sticky. What are some of the best cryptos to buy today given the current climate?
The New York State Department of Financial Services instructed Paxos to stop issuing new Binance USD stablecoins, Binance founder Changpeng Zhao announced on Monday. Paxos is the issuer of BUSD, which is the third-largest cryptocurrency pegged to the US dollar. BUSD is a type of stablecoin that is backed by real-world reserve assets, such as bonds and cash, and is commonly used by crypto traders to avoid the need to transfer their money back and forth between fiat.
The Securities and Exchange Commission (SEC) has notified Paxos that it may recommend action against BUSD, alleging that it is a security and that Paxos should have registered the token offering under federal securities law. Investors are concerned about the possible implications for other stablecoins, such as USD Coin and Tether.
This comes after Kraken's settlement with the SEC last week over allegations of selling unregistered securities. And all this on the heels of a turbulent year for the cryptocurrency industry, with almost $1.4 trillion wiped off the market, bankruptcies, project failures, and the collapse of the major exchange FTX.
In other news that may impact markets, the release of the Consumer Price Index (CPI) figures for January indicated that inflation had increased by 0.5%, which was in line with expectations. However, the year-over-year inflation rate was slightly higher than anticipated, coming in at 6.4% in January compared to the 6.2% predicted. The core CPI, which excludes food and energy costs, also increased by 0.4% in January and was faster than expected on a year-over-year basis, reaching 5.6%.
The crypto markets as well as stocks mostly shrugged off the news, and Bitcoin is now trading just above the $22,000 mark at $22,200 with a 2.3% gain on the day as of writing.
Investors are closely monitoring the pace of inflation, which has remained elevated but has been slowing down in recent months. However, this report suggests that the Federal Reserve will need to continue tightening monetary policy to address the persistently high inflation.
While a slowdown in inflation could prompt the central bank to pause its rate hike cycle, the current figures suggest that more work needs to be done. The market is anticipating the Federal Reserve to increase its benchmark Fed Funds rate by 25 basis points at each of its next two meetings in March and May, followed by a pause.
The fact that the crypto markets may have already priced in the current sticky inflation may be good news for investors, and this may be a good opportunity to take positions at relatively good prices. However, investing in the crypto market during market corrections or consolidations, as well as in bull markets, requires a focus on cryptocurrencies with strong fundamentals and technical analysis indicators.
Several cryptocurrencies have shown promise as the best cryptos to buy today, including MEMAG, CRV, FGHT, APT, CCHG, GMX, and METRO.
Meta Masters Guild Set to Be Key Player in Growing Web3 Gaming Industry
As the gaming industry continues to see the launch of new Web3 games and platforms, the trend towards player empowerment and decentralization is becoming more evident. Meta Masters Guild (MMG), a Web3 gaming guild and mobile game ecosystem backed by a metaverse, is emerging as a major player in the thriving Web3 gaming landscape.
MMG has generated significant interest, with the presale of its MEMAG token selling out stage after stage, and now it's in its final stage. The company's partnership with top game studio Gamearound, and the upcoming launch of Meta Kart Racers in Q3 2023, is also fueling excitement.
A key aspect of MMG is the use of Non-Fungible Tokens (NFTs), allowing players to own parts of the games they play. The creation of a native NFT marketplace will give users the chance to trade in-game assets, and MEMAG will serve as the currency for transactions in the MMG ecosystem, with governance and staking features to boot.
The Web3 gaming market is predicted to be worth $104.5 billion by 2028, and MMG aims to secure a share of that growth.
With a clear roadmap and strong potential for success, MMG is poised to become a thriving gaming ecosystem in the expanding GameFi market. Investors can visit the MMG website to purchase MEMAG using ETH or USDT and be part of the presale which has so far raised over $4.3 million.
Curve DAO Token (CRV)
Curve DAO (CRV) is experiencing a surge in price, with the cryptocurrency closing with an impressive 13.58% on the previous candle close. The bullish momentum is being driven by traders' enthusiasm for the upcoming launch of the curve USD (crvUSD) stablecoin token.
Currently, the CRV price is at $1.085, with the bulls driving the price up 2.94% for the day as of writing. The cryptocurrency is also experiencing increased trading activity according to the volume indicator. The current volume is at 24.488 million while the volume moving average is at 22.404 million.
The MACD blue line is advancing above its signal line and into the positive zone, indicating that the uptrend is gaining traction.
The immediate target is the resistance range of $1.142 to $1.175 which has acted as resistance since January 20. The immediate support is $0.892 to $0.927 in confluence with the 50-day EMA, which was retested yesterday.
Fight Out Breathing Fresh Air into Fitness Industry with Pioneering Tech
Fight Out is shaking up the traditional fitness scene with its revolutionary Web3 and move-to-earn (M2E) technology, tackling a pressing issue in the field - the high rate of gym member dropouts. According to the IHRSA, 50% of new gym members end their membership within six months, largely due to a lack of enthusiasm, community, and custom plans.
Fight Out aims to address these issues with a comprehensive package that encompasses a personal NFT avatar showcasing the user's fitness statistics, tailored workout plans, and REPS token incentives.
Users can earn REPS tokens by exercising at home or in a gym and can redeem them for discounts on app subscriptions, gym memberships, personal training sessions, and merchandise such as supplements, workout gear, and athletic apparel.
Fight Out is planning to launch its first physical gym in the last quarter of 2023, boasting state-of-the-art technology and services, as well as one-of-a-kind Web3-powered features like digital mirrors displaying the user's fitness profile and sensors tracking progress for constant feedback. By fostering a supportive community, personal experience, and goal-oriented inspiration, Fight Out is poised to make a significant impact in the fitness app market.
Investors have the chance to take advantage of this investment opportunity, with bonuses of up to 50% offered for investments over $50,000. The FGHT project has already raised nearly $4.17 million during its presale period and is preparing for its next phase with higher prices.
Aptos (APT) is a new blockchain platform that was launched in the latter half of 2022 with the aim to be a leading platform in the Web3 and De-Fi spaces, and is considered a potential rival to Ethereum.
At the start of 2023, APT's price sat at $3, but it reached an all-time high of $20.40 during the January rally. However, due to the recent downturn in the cryptocurrency market, APT's price has decreased to $13.25 with a market capitalization of $2.244 billion. According to Coinmarketcap, APT ranks at number 29 in the global cryptocurrency market.
Aptos has been moving sideways for the past 5 days, but yesterday, APT closed with a 4.80% increase. Currently, it's trading at $14 as it looks to retake the 20-day EMA at $14.26, which is acting as the immediate resistance for the cryptocurrency. The range between $11.74 to $13.11 is the support for APT.
Despite being a relatively new player in the market, Aptos has shown potential for growth and is being closely watched by many in the cryptocurrency community. It remains to be seen whether Aptos can surpass other major players in the market, but its performance during a challenging market is promising, and it could become a significant player.
C+Charge Charging Forward With Major EV Market Innovations
C+Charge, a blockchain platform for peer-to-peer payments and EV charge station searches, is changing the game for electric vehicle (EV) owners. The platform aims to address the issue of insufficient charging infrastructures in the growing EV market and offer a convenient and transparent payment system for EV owners.
The increased popularity of EVs has led to a global shift towards green energy solutions. The European Automobile Manufacturers’ Association (ACEA) has reported a 12.1% rise in EV sales in the EU. However, the current charging infrastructure has not kept pace with this increase in EV ownership and is plagued by inefficiencies and a lack of pricing transparency.
C+Charge's innovative solution is to construct charging stations and work with existing ones to make finding stations easier, all while allowing users to pay with the native CCHG token and earn rewards. The blockchain technology behind CCHG ensures that payments for charging are transparent and processed quickly.
Not only does C+Charge simplify the payment process, but it also rewards EV owners with carbon credits in the form of Goodness Native Tokens (GNT). These tokens, backed by large venture capital firms, represent a verified voluntary carbon credit and can be used in the C+Charge mobile app for trading.
The C+Charge presale phase 1 has been successfully completed, raising over $1 million with the CCHG token. The token's price is next set to rise by another 10.3% in stage 3 of the presale.
GMX is a derivatives trading platform that has gained nearly 16% since yesterday morning. This is despite the recent regulatory crackdown on the cryptocurrency sector by the US authorities, leading to losses across the industry, including for Binance and Paxos. In response to regulatory pressures, staking solutions and decentralized stablecoins like GMX are skyrocketing.
After bouncing from the horizontal support level of $61, GMX closed with a gain of 3.64% in yesterday's trading session. GMX has sustained the momentum today with the cryptocurrency trading at $70.98 with a 6% gain for the day.
The price retested the Fib 0.786 level when GMX posted its intraday high of $72.86 earlier today. This level is the immediate resistance for the cryptocurrency while the immediate support is in the range of $58.87 to $61.
Metropoly (METRO): The Future of Real Estate Investment One of Best Cryptos to Buy Today
A new way to invest in real estate will arrive with Metropoly, an NFT marketplace for income-generating properties. This upcoming platform will allow anyone to invest in real estate, generate passive income, and protect their capital from inflation without hidden fees or geographic limits. With Metropoly, buying real estate takes less than 20 seconds, and each NFT is backed by real-world properties and divided into fractions, allowing for investments as low as $100.
The benefits of investing in rental properties are clear, providing long-term wealth and passive income in any market condition. In a world where crypto and fiat currency are highly volatile, real estate is the perfect hedge against inflation and a vital asset class to diversify any portfolio.
The METRO token is the utility token of the Metropoly Ecosystem, used primarily as a payment and reward method on the platform. It has been successfully audited by CertiK and Solidproof. The platform's beta version is live now, with a vision for the future that has been featured in all major crypto publications, including Cointelegraph, Bitcoin.com, and Coinmarketcap.
Metropoly's METRO token is selling out fast and has already raised $479K in presale and will soon sell out of its current stage, after which prices will raise.
The platform is also hosting a giveaway where participants can win a Burj Khalifa apartment worth $1 million and earn up to $100,000 yearly rental income for life. Strategic partnerships with over 20 crypto influencers, including Travladd and Upnext Crypto, and a partnership with ChainAdoption, which worked with Polkadot, Tron, and EOS, add further credibility to Metropoly, making METRO one of the best cryptos to buy today.