Here’s Why Crypto Prices Are Pumping 5% Today and Which Coins to Buy
The cryptocurrency market is on the upswing today, with Bitcoin's price rising above $20,500 for the first time in weeks, Ethereum's price rising above $1,500 for the first time since the post-merge turmoil, and the total market cap surpassing $1 trillion after three weeks below that threshold.
According to the latest information from coinmarketcap, the bitcoin price has increased by over 2% today, reaching $20,322. According to the site, after weeks of very moderate movement below that barrier, it is the first time the price of the main cryptocurrency has been above $20,000 since October 7.
Aside from Bitcoin, numerous cryptocurrencies are making headlines and are worth investing in. Let us take a look!
Dash 2 Trade (D2T)
After only a week, the Dash 2 Trade presale has already raised more than $2.8 million. This sum is indicative of the high regard in which the Ethereum-based trading intelligence platform is held. The platform is expected to emerge in the first quarter of 2023, at which time it will supply investors with a wide range of real-time analytics and social data.
At an average daily rate of $337,000, the sale has already raised $2.8 million, meaning it will reach its second stage goal of $5,166,000 in about a week. From there, its presale price will climb once more, this time by 2.6%, from 0.05 USDT to 0.0513 USDT.
Preordering Dash 2 Trade is a breeze. Traders can buy Ethereum (ETH) or Tether (USDT) by going to dash2trade.com and linking their MetaMask or Wallet Connect cryptocurrency wallets.
The total supply of D2T will be capped at 1 billion, with a massive 66.5% going to the presale. When compared to other new coins like Aptos, which didn't have a presale and seems to have allocated most of its supply to its team and investors, this is a positive development.
Dash 2 Trade already has the building blocks to produce some significant growth in the coming months, thanks to its solid fundamentals and well-established and experienced staff behind it.
The current Flow price is $1.69, and the 24-hour trading volume is $89 million. Flow has increased by over 3% in the last 24 hours. CoinMarketCap now ranks #33, with a live market cap of $1.7 billion. It has a circulating supply of 1,036,200,000 FLOW coins and a maximum supply of none.
On the technical front, the FLOW/USD pair recovered from a $1.40 support level, which is being extended by a triple bottom pattern. On the upside, FLOW may encounter immediate resistance near $1.70, and a bullish crossover above this level could take FLOW price to $1.80 or $2.10.
The RSI and MACD are bullish, but the 50-day moving average may give FLOW bulls a hard time by providing resistance at $1.70. Let's consider buying Flow over $1.40 today.
There has never been a time in human history when carbon emissions have been higher than they are now. The world around us has suffered much as a result, with temperatures hitting record highs and problems cropping up in every corner of the planet. Therefore, in recent years there has been a heightened emphasis on making sure the goods and services we consume don't harm the planet.
One ton of carbon emissions can currently be balanced by the purchase of a single carbon credit. Unfortunately, scams and false promises abound in the carbon reduction sector, making people wary of making any kind of constructive change.
Despite this, the worldwide carbon offset market is worth over $270 billion, creating a massive opening for a company to streamline the sector. By tokenizing carbon credits and making them available to consumers as NFTs, IMPT.io is poised to revolutionize the carbon reduction business.
As a result, IMPT will be one of the most reliable platforms in the business, as every carbon credit it sells will be irreversible and verifiable. Additionally, tokenization secures the uniqueness of each carbon credit and removes the possibility of double expenditure.
You can get a carbon credit in one of three methods on IMPT.io.
- Carbon credits can be bought directly from IMPT.io by anyone.
- Over 10,000 industry-standard companies are collaborating with IMPT.io.
- Carbon credits can be exchanged for IMPT tokens, which can be earned by making purchases at participating businesses.
A business that wants to cut down on its carbon footprint can link its online store with IMPT.io and direct a portion of its profit toward carbon offsetting initiatives.
The user then selects a certified environmental group from a list after purchasing a carbon credit in order to offset one metric ton of carbon emissions. When compared to the standard carbon offsetting technique, this one is much more user-friendly and safe.
As a result, IMPT has the potential to become the de facto standard for carbon offsetting, a rapidly expanding field.
Pre-sales for IMPT have surpassed $11 million. One of the most exciting new coins on the market, IMPT, keeps raking in huge sums of money as investor interest grows. Though its first stage was anticipated to end on November 25, IMPT is performing above and beyond analysts' forecasts. The token's current price of $0.023 indicates it is close to reaching its presale goal.
Lido DAO (LDO)
The current Lido DAO price is $1.63, and the 24-hour trading volume is $32 million. In the last 24 hours, Lido DAO has dropped over 4%, but gained over 9% in the last seven days. CoinMarketCap now ranks #75, with a live market cap of $511 million.
Given how Lido DAO's pricing has been behaving over the past several months, the current spike came as something of a surprise. This most recent upswing in Ethereum's price benefited Lido Finance, which is still the network's largest validator.
In light of the fact that LDO holders own the largest amount of Ethereum (ETH) of any investors in the sector, they stand to gain from the cryptocurrency's continued success and development. The current uptick is further evidence that LDO and Ether continue to have a highly correlated prices.
LDO is likely to find immediate support near $1.60 and resistance near $1.95 on the technical front. Because the RSI and MACD indicators support a buying trend, LDO has significant upside potential. A bullish crossover above $1.95 could push LDO up to the $2.35 level.
As a result, LDO is another coin to keep in a portfolio for quick profits.