Cryptocurrency prices have decreased from their intraday highs, yet the upward trend from the last few days is still evident, with Bitcoin surpassing significant resistance levels which could potentially lead to further increases in the upcoming period.
On Tuesday, Bitcoin broke the key resistance level in the low-$25,000s and reached the mid-$26,000s before dropping to where it currently stands at the mid-$24,000s. This opens up the possibility of testing resistance at $28,000.
US stock markets are exhibiting volatility due to concerns surrounding the banking system's fragility and expectations of fewer Federal Reserve rate hikes. This could potentially act as a hindrance to cryptocurrencies.
Crypto narratives that discuss the advantages of its financial system over fiat/banking could support Bitcoin as a safe haven, to a similar degree as gold.
Alternative coins may offer potential investment opportunities to investors, including some of the altcoins mentioned below that have previously done well or have the potential to do so in the future.
It is likely that the highs of February will be retested for Conflux (CFX).
Conflux (CFX) has retracted significantly from earlier highs of $0.33 per token, but is still making progress in reaching the $0.367 level seen last month.
CFX is trading at around $0.29, which is an 11% increase from Tuesday's opening price. This follows last week's increase from the 50-Day Moving Average of $0.1450, representing a 110% gain to date. Market participants are expecting a test of the February highs in the near future.
The presale of LHINU is gaining popularity.
Love Hate Inu (LHNU) is a recently released meme token that will provide funding for the development of its upcoming social polling platform, Vote-to-Earn (V2E). In order to fund the platform, LHNU is conducting a presale and has been met with significant interest in 2023.
The social media meme coin start-up has raised $600,000 in less than a week since the presale's launch. This could be attributed to their page @LoveHateInu gaining 34.3K followers within that same period.
Investors have become interested in the project due to its status as one of the only vote-to-earn platforms currently available, and its combination of features such as meme coins and discussion of popular topics.
It is possible that Synthetix (SNX) may experience a 50% increase
Synthetix (SNX) is currently priced at $3.0 per token, representing a 50% increase from last week's low of $2.0. A potential breakout above resistance in the $3.30 region could drive SNX towards a resistance-turned-support level of $4.40, resulting in further gains of approximately 50%.
FGHT (Fight Out) has raised over $5.4 million.
Fight-Outs is a web3 fitness application and gym chain that rewards users for working-outs, challenges and competing within the first fitness metaverse.
M2E applications such as STEPN are able to track steps and usually have expensive NFT buy-ins for participation. Fight Out, by comparison, is a more comprehensive tracker that does not necessitate any investment in order to participate.
Fight Out is running a presale of the FGHT token that powers the Web3 ecosystem and has raised over $5.4 million. The token will be listed on centralized exchanges in April with an initial price of $0.033 per token.
Investors should act promptly to take advantage of potential returns as crypto tokens could list on exchanges at the start of Q2 with estimated gains of nearly 30%, potentially increasing to 67% bonus for larger investments and longer-term holdings.
Investors can receive an additional 5% bonus on tokens if they utilize a referral link. Moreover, Fight Out is offering a $250,000 giveaway.
Optimism is likely to reach a peak in the near future.
The cryptocurrency Optimism (OP) is experiencing an upward shift in value. Last week, the token was trading at $1.80 per token and is now hovering near $2.70, representing a 50% increase.
The price of the asset has moved back north, past the 21 and 50 day moving averages. This may lead to a retest of record highs from February near $3.25. If it breaks through this level, there could be an increase towards $3.50.
METRO, a crypto start-up, is seeking to revolutionize the real estate market.
Metropoly aims to revolutionize the real estate market by developing a marketplace for Real Estate Non-Fungible Tokens (NFTs).
NFTs issued by Metropoly do not represent digital real estate in a virtual world, but signify ownership stake in actual property. Property owners may generate passive income through renting out or utilizing the physical asset.
Pre Sale stage 9 ends on March 21st at 4pm UTC.
Metropoly has completed its presale with a total of over $825,000 raised and released a beta version of its platform, which has been met with positive feedback.
Metropoly's platform seeks to reduce barriers to traditional real estate investment, enabling investors to own property with a minimum investment of $100. Additionally, presale investors may be eligible for a chance to win a share of Metropoly's $1 million giveaway.
