Best Crypto to Buy Today February 20 – FGHT, STX, METRO, FIL, CCHG
Crypto starts this week clear. With crypto markets today in a general pattern of retracement and consolidation after an impressive weekend.
Last week, Bitcoin (BTC) reclaimed an important psychological level of $25,000. Now trading at $24,890 (+2.52% 24h), bulls appeared to have found legs to support continued pressure on resistance.
With increasingly positive macro sentiment from Bitcoin, breakouts are back on the cards. This has carried over into rejuvenating altcoin markets that have struggled so far into February – from January’s explosive end to a year of crypto winter.
Stories have become the most important prize draw this alt season. Markets have already experienced pumps for AI coins and ZK-centric projects this year.
But it does not stop there. Additional hype has engulfed the market this past week from the new narrative surrounding Chinese crypto.
Hong Kong regulators announced a new HK Virtual Asset Service Providers (VASP) regulatory regime.
Plus the People’s Bank of China apparently intends to deliver a significant package of quantitative easing.
Both of these announcements have served to squash the FUD gripping the industry surrounding Gary Gensler and the SEC’s war on crypto.
And this has driven big pumps for so-called ‘Chinese coins’ such as Filecoin (FIL), Polkadot (DOT) and Vechain (VET).
So with markets on edge – poised for another push-up – investors are taking stock.
What are the best cryptos to buy today (for best returns)? Find out below!
Unleash The Warrior Inside: Fight Out (FGHT)
Move-2-Earn made waves last year with projects like STEPN that sought to earn money from simple activities like walking. But interest collapsed when STEPN’s unsustainable finances became apparent.
Fight Out plans to change that and revive interest in the Move-2-Earn area. To meet this challenge, Fight Out shakes up the world of the possible. By providing a complete monitoring system that can record any workout from your time in the weight room to your classes in the Dojo.
With more than $4.3 million raised in a pre-sale launched towards the end of Q4 2022, Fight Out hopes to remove the barriers to entry that come in the form of Web3 knowledge and expensive seed NFTs associated with platforms like STEPN.
The main approach is to open up the web3 industry so that everyone can benefit while living a healthy lifestyle.
The Fight Out app functions as a fitness center platform that enables the user to track, plan and fine-tune their routines, sleep and diet – within the confines of an in-app money economy.
This will see users joining this new ecosystem gain access to live coaching, training sessions, PVP stat matches and a chain of physical gyms spread across the globe.
Plus, this presale superstar is giving away $250k! Enter here.
Fight Out rewards all types of exercise – and truly pays with the native $FGHT token that powers an entire marketplace of physical and digital rewards. With presale token prices increasing every 12 hours – don’t miss out on the future of M2E!
Visit Fight Out Now
Smart Contracts for Bitcoin? Meet Stacks (STX)
Have you ever considered how much Bitcoin (BTC) volume could grow if there was an efficient platform for BTC smart contracts for DeFi, NFTs and apps? Meet Stacks (STX).
An open source blockchain network that aims to bring dApps and smart contracts to Bitcoin. Native token STX can be used to pay transaction fees across the open Stacks network, and can also be locked into DeFi products to earn BTC rewards.
This spotlight project is also the first token to ever successfully qualify with the US Securities and Exchange Commission (FUD proof?). And the markets are taking notice.
With a current trading price of $0.58 (24-hour change of -10.25%).
STX price action is in local retracement after a sensational pump over the weekend.
The breakout from 6 months of suffocating bottom-feeding price action came quickly as market interest finally coalesced around the promising BTC project.
Yesterday, prices rose by +110%. The rally peaked at a local high of $0.85 – before sinking into the current consolidation zone around $0.60.
Despite the RSI 14 running high at 69 (bearish divergence), the STX MACD is sitting happily at 0.0291 (bullish divergence).
With downside risk to the local support zone at $0.40 (-30%), and potential upside targeting historical resistance at $1.00 (+70%).
Stack’s risk: reward ratio is 2:32, making this an extremely good entry into a worthy project.
Buy STX here
DeFi Tokenization of Real Estate: Metropoly (METRO)
Metropoly is a promising real estate crypto project that aims to become the premier real estate tokenization platform.
The platform creates a fully decentralized real estate marketplace based on the blockchain, with the goal of democratizing access to real estate projects by enabling even fractional shares in real estate investments.
The platform uses NFT technology to prove ownership and allows investors to claim a share of passive income streams.
Metropoly’s aim is to reduce entry barriers in property investment, so that even the smallest retail investor can gain exposure to property.
The platform also reduces the average property purchase time from 60 days to 20 seconds and helps remove the capital barrier to entry with a small investment requirement of $100 instead of a 15% deposit.
Metropoly has already raised $500,000 in funding through the presale, and the tokenomics are favorable with an egalitarian initial token distribution.
The $METRO token serves as the primary means of settlement on the Metropoly platform, used to buy and sell property on the marketplace and to pay out passive income streams from properties owned.
The platform is set to launch its first properties in the coming month, with plans for a CEX listing, GameFi connectivity and proposed lending functionality in the future.
Buy Metropoly here
Chinese Coin of the Year: Filecoin (FIL)
Filecoin (FIL), the leading decentralized storage protocol that enables anyone to rent our free hard drive space on their computer, has made a sensational rally this week.
With a current price of $8.59 (a 24-hour change of +1.45%).
Hammering green candles appeared on February 17 to push for a breakout from a month-long consolidation zone over the past weekend.
On Sunday, Filecoin has seen a 75% pump, stopping just short of key $10 resistance – a level not seen since August 2022.
Still, it’s a world away from FIL’s All-Time High of $237. That means there could be a lot more of this multi-stage rally to come.
The Filecoin price is now reeling after the move, with current price action characterized as a local 10% retrace. This comes as bulls struggle to establish supportive legs above $8.
FIL’s RSI 14 is set high at 76 signaling that the recent pump has pushed into overbought territory. The MACD also reflects this bearish divergence, sitting at a low of -0.023.
This leaves an immediate downside risk at $5.50 (-34.96%) and an upside target at historical resistance around $11.50 (+35.98%). Overall, giving a risk: reward of 1.03.
Read my full analysis of the Filecoin price action here.
This huge rally came as the Chinese coin narrative gripped the markets over the weekend.
With bullish news from Hong Kong regulators and the Bank of China, this rally could be a multi-legged saga – watch this space.
Buy Filecoin (FIL) here
C+Charge (CCHG)
Do you think there is great profit potential from the green energy revolution and the advent of electric vehicles?
Look no further than C+Charge (CCHG), a new cryptocurrency set to revolutionize the green tech industry.
As electric vehicles (EVs) become more widespread with the likes of Tesla. The demand for EV charging stations is skyrocketing.
And with the projected $2.4 trillion growth in the carbon credit industry by 2027, there’s never been a better time to jump on board.
But why should only large electric car manufacturers like Tesla reap the benefits?
C+Charge offers a game-changing solution.
Its Peer-to-Peer (P2P) payment system for EV charging, powered by blockchain technology, enables EV owners to have a chance to earn carbon credits and share in the industry’s growth. Don’t miss your chance to own a piece of the pie.
The CCHG token pre-sale is already underway, giving early investors a chance to get in on the ground floor of this eco-friendly project. Plus, there’s a $50,000 gift for early birds.
Join the C+Charge movement today and become part of a project that is not only profitable, but also makes a difference to the environment. Invest in a brighter, greener future.
Visit C+Charge Now
Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.
