On Thursday, the crypto market experienced a significant downturn following distress signals from Silvergate Capital, a leading banker in the digital asset industry. The Bitcoin price is down 1,99% in the last 24 hours and currently stands at $23.269.
The existential threat that Silvergate, a federally insured US bank, poses a risk to the financial system and has fueled new calls for crypto regulation from the SEC. With so much turmoil in the markets, what are the best cryptocurrencies to buy today?
Silvergate delayed filing its annual report with the Securities and Exchange Commission and recently sold shares at ridiculous prices to avoid a run on the bank. As a result, it posted a $XNUMX billion loss in the fourth quarter. As a precautionary measure, Coinbase Global has stopped making all payments to and from Silvergate.
This crisis at Silvergate has the potential to have a major impact on the crypto market given the bank's role as a mediator for crucial transfers between exchanges and market makers. Many altcoins are bearing the brunt of the crisis, with Ethereum, Cardano, and Polygon dropping 2,3%, 3,5%, and 3,8% respectively.
Given the recent downturn in the cryptocurrency market, it is important to evaluate both the fundamentals and the technical aspects of cryptocurrencies when considering investment options. Based on this analysis, FGHT, MKR, CCHG, CFX, and TARO appear to be some of the best cryptocurrencies to buy today.
Fight Out packs a punch with custom NFT avatars and token rewards
The upcoming Move-to-Earn Fight Out project brings an exciting twist to the fitness app market with cutting-edge Web3 technology and Move-to-Earn (M2E) technology. The fitness industry has struggled with high dropout rates and a lack of motivation, with half of new gym members quitting within six months, according to IHRSA. The COVID-19 pandemic has only exacerbated these challenges.
Fight Out aims to address these issues by providing custom NFT avatars that display fitness stats, personalized training plans and motivation through REPS token rewards that can be redeemed for merchandise, gym memberships and more, sports and subscriptions to Applications.
The company plans to launch its first Web3-equipped gym in the fourth quarter of 2023, complete with digital mirrors that display user profiles and sensors that monitor workouts for personalized advice.
Furthermore, Fight Out is poised to dominate the web3 combat sports market with its fantasy betting platform. Users can create their own fantasy fight rosters and enjoy betting on matches against peers or strangers.
Fight Out's Metaverse platform will also allow fans to compete against each other and top athletes, creating a complete fitness app solution.
Investors can enjoy bonuses of up to 63% during the pre-sale, as the FGHT token has already raised over $5 million. With its multifaceted approach, including M2E, media, masterclasses, and training guides, Fight Out is positioned to become one of the major players in the cryptocurrency market, making it one of the best cryptocurrencies to buy online. the present.
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FabricanteDAO (MKR)
MakerDAO, a leading DeFi protocol, has offered to allow users to borrow its DAI stablecoin using its MKR governance token as collateral. This proposal, which is part of Rune Christensen's "Endgame" plan, has raised concerns among some members of the crypto community. Nonetheless, MakerDAO remains one of the top DeFi lending protocols with over €6 billion in total value locked up. The proposal, if successful, could increase MKR liquidity and adoption. MakerDAO plans to introduce a new governance module that allows users to vote on the proposal.
Despite the market downtrend affecting most cryptocurrencies, MakerDAO's MKR governance token has surged 19% over the past seven days, outperforming the global market for cryptocurrencies and other Ethereum-based cryptocurrencies. . Over the past month, the price of MKR has increased by more than 40%.
The recent implementation of reduced lending fees on March 1 by the Maker DAO has increased MKR trading volume by more than 200%, driving more interest in Maker lending offers and increasing on-chain activity. At the time of writing, MKR is trading at €888, down 4,12% on the day, with a trading volume of €168,27 million, up 164,32% in the last 24 hours.
Despite the downtrend, MKR is trying to maintain its weekly gains and emerges among the top weekly gainers in the current sell-off. In the short term, the cryptocurrency is likely to continue to pull back, with support likely to be found in the €822-€838 range and immediate resistance at €930.
From Watt to Wallet: C+Charge's innovative EV solution makes it one of the best cryptocurrencies to buy today
C+Charge is a new blockchain-based platform that offers an innovative solution for the charging and payment experience for electric vehicle (EV) owners. With the increasing demand for alternative energy solutions to meet the increasing adoption of electric vehicles around the world, the need for a reliable charging infrastructure has become a pressing concern. C+Charge's revolutionary platform aims to solve this problem and provide an optimal experience for electric vehicle owners.
C+Charge plans to work with existing charging stations while building new ones, which will allow customers to quickly find nearby charging stations and pay with the CCHG token. The blockchain technology behind CCHG ensures transparent and efficient payment processing. The platform app also offers real-time information on local charging options and vehicle diagnostics.
In addition, EV owners using C+Charge will receive Goodness Native Tokens (GNT) in the form of carbon credits, which represent verified voluntary carbon credits that can be redeemed in the app. These tokens are backed by major venture capital firms like a16z Crypto and Invesco.
Through its partnership with Flowcarbon, C+Charge enables electric vehicle owners to earn carbon credits in the form of GNT with every charge. The platform offers a universal and easily accessible payment system that does not require expensive POS equipment. Drivers can simply use the CCHG token to pay, giving fleet managers a way to monitor and troubleshoot particular pay stations.
The C+Charge app offers EV drivers a reliable way to find available and operational stations, track carbon credits, provide continuous payment for multiple platform integration options, and easily accessible geolocated charging stations.
The carbon credit industry is expected to grow to €2,4 trillion by 2027, and the C+Charge platform is expected to expand access for electric vehicle drivers. As climate change continues to be a critical global issue, the C+Charge platform aims to reduce the impact of carbon emissions and help mitigate the impact of climate change.
C+Charge has divided its presale into eight stages, each lasting one week. So far the project has raised over €2 million and the price is expected to rise in less than 5 days, so now is the perfect time to grab some tokens and cement CCHG as one of the best cryptocurrencies to buy today. .
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Confluence (CFX)
Conflux Network's CFX token jumped 22,43% during the close of candlesticks on Wednesday, buoyed by DWF Labs' $10 million funding round. The investment company has purchased a significant amount of CFX tokens from the Foundation. Conflux, which will be unlocked over time to meet the growing demands of the project. This funding will allow the Layer-1 blockchain network to expand its user base and advance its technology stack.
The CFX is currently trading at €0,222 and the Fibonacci level of 0,382 to €0,2458 has acted as resistance for the past few days. Yesterday's move was not enough to break resistance and today's pullback could see the cryptocurrency retest the 0.5 Fib at €0.2083 with the 20-day EMA also potential support at €0.1956.
With the recent drop in the cryptocurrency market, traders are advised to wait for price action to establish support before entering a trade.
Conflux's partnerships with China Telecom and Little Red Book may also have contributed to the uptrend. The company is collaborating with China Telecom to create a blockchain-enabled SIM card, which could be the world's largest blockchain hardware product, capable of many users and applications.
Enter the RobotEra: a new era of gaming
RobotEra, an upcoming metaverse crypto project, is set to raise the bar in the web3 gaming space with its sandbox-like world-building metaverse. With the freedom to collaborate with other gamers to create anything they can imagine, RobotEra ushers in a new era of immersive, interactive gaming experiences.
The platform offers a shared world that connects players' unique lands, opening up endless possibilities for theme parks, concerts, museums, and more.
RobotEra's story takes place in Taro Alpha Galaxy, where players will become robots with human thoughts and emotions. With the last surviving aboriginal gone, the robots will bring about a new civilization and a brighter future, restoring the planet to its former glory.
The Metaverse consists of seven distinct factions, each with their own set of attributes and benefits. Players can customize their terrain, mine for resources, and create their own robot companions to help them explore and thrive in this new world. Robot companions have a unique appearance that can be customized through the robot editor and each robot companion is an NFT, and can be freely traded or rented.
RobotEra is currently running a pre-sale for its upcoming crypto metaverse project. Players who participate in the pre-sale will have the opportunity to acquire Robot NFT and Ground NFT, which can be used in the in-game ecosystem. The pre-sale offers players the opportunity to enter the ground floor of this exciting new project and be among the first to explore the metaverse and create their own unique world there.
Don't miss your chance to invest in RobotEra's TARO token pre-sale - it's fast reaching the €1 million mark, but there's still time for you to get your tokens at a discount before they go in...