Sentiment in cryptocurrency markets is a tad better on Tuesday. Markets are getting a modest lift from China reopening bets as authorities there shift their focus on ramping up Covid-19 vaccination in vulnerable groups.
This would be a welcomed shift in policy that some hope might be a precursor to a departure from the country’s Zero Covid strategy that has been disruptive to global markets.
Total cryptocurrency market capitalization was last a little over 1.5% higher at just under $790 billion. Bitcoin was last changing hands in the mid-$16,000s and just under its 21 Day Moving Average (DMA) at $16,500, up about 1.0% on Tuesday. Ethereum, the world’s second-largest cryptocurrency by market cap, was last up closer to 3.5% after breaking back above $1,200.
However, major cryptocurrency prices remain largely locked within recent ranges as investors await important macro events later this week. There will be a lot of focus on US economic data and the outlook for Fed policy, with Fed Chair Jerome Powell speaking on Wednesday and various key US labor market and inflation readings set for release before the end of the week. These cryptos have been doing well, despite the market downturn.
Dash 2 Trade (D2T)
Crypto investors interested in supporting an early-stage but highly promising cryptocurrency trading platform should consider investing in Dash 2 Trade’s token pre-sale. Dash 2 Trade is a world-class crypto analytics and social trading platform. The platform offers its users a number of unique tools, including social indicators, presale analytics and a strategy backtesting suite.
Dash 2 Trade could well become one of the most popular crypto trading platforms in the coming years, which could create big demand for its D2T token, which users need to hold to access the platform’s features.
Dash 2 Trade has now sold over 85% of stage 3 pre-sale tokens available at $0.0513, meaning the platform has now raised more than $7.4 million. The D2T token price will be lifted to $0.0533 at the next stage of the sale, which is likely to happen soon.
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The Litecoin blockchain’s LTC cryptocurrency has been an outperformer in the last few weeks, rising despite the ongoing fallout from FTX’s abrupt collapse earlier this month. Where Bitcoin is set to end the month with losses of around 20%, Litecoin looks likely to post a 40% gain.
LTC/USD was last changing hands around the $76 per token mark, down nearly 10% from last week’s highs around $83, but still up nearly 60% from its earlier monthly lows around $48. Its latest leg higher last week confirmed a break above its 200DMA. The fact that LTC was able to find solid support at its summer 2022 highs in the upper $67-70 area likely opens the door for a run higher toward the next significant area of technical resistance, around $92.
Amid the ongoing struggles of high-profile names like Decentraland and The Sandbox, cryptocurrency investors are looking to support new, alternative blockchain-based metaverse projects. RobotEra is one of 2022’s hottest up-and-coming projects. RobotEra is a sandbox-style planetary reconstruction metaverse that incorporates various play-to-earn features.
Investors should consider taking a look at RobotEra’s recently launched TARO token pre-sale. If RobotEra gains significant traction in the years ahead, that could create big demand for the token, which functions as the in-game currency. As of 29 November, RobotEra has raised nearly $280,000. Once it reaches $1.8 million in TARO pre-sales, the pre-sale will enter its second stage, with the price of TARO tokens rising from 0.020 USDT to 0.025 USDT.
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Chainlink’s LINK token broke back above its 200DMA at $7.16 on Tuesday, taking its gains in the last eight days to over 30%. The cryptocurrency has surged in the last few days after finding support in the mid-$5.00s around previous annual lows. Technicians will now be targeting a re-test of the next key area of upside resistance in the mid-$9.0s.
Major blockchain-based games like Axie Infinity lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an up-and-coming play-to-earn battle card crypto game, could be a good alternative. Calvaria seeks to boost crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Cavalaria’s RIA token pre-sale. Calvaria has now raised $2.1 million and is in the final stage of its fundraising process. Only 31% of pre-sale tokens remain up for grabs.
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