Best Crypto to Buy Today March 6 – FGHT, MKR, METRO, IMX, CCHG, TARO
Shares in cryptocurrency-related firms, incl Coin base Global, Signature Bank and Ebang International plunged during the pre-market trade that followed Silvergate Capital’s decision to discontinue the cryptocurrency payment network, SEN. Amidst the current rough patch in the cryptocurrency market caused by the Silvergate crisis, what are the best cryptos to buy today? https://twitter.com/FortuneMagazine/status/1632733147975544833
The La Jolla, Calif.-based bank attributed the decision to a risk-based approach to keeping the business viable. As a result, it lost several big names in the crypto space as partners, leading to a general sell-off in the crypto market that led to Bitcoin and Ethereum prices fell by 4.8% and 4.7% respectively last week.
As Jerome Powellchairman of the Federal Reserve, is preparing to deliver two rounds of testimony before the House Financial Services Committee, the macroeconomic environment also continues to heat up.
Investors are closely watching his words on future economic policy and interest rates as we await the Fed’s decision on a benchmark interest rate hike in two weeks. To round out this busy week in economic news, investors will also be paying close attention to wage data from other countries and comments from Bank of Japan official.
This month, sentiment in the cryptocurrency markets is rapidly moving from bullish optimism to neutrality. According to the Crypto Fear & Greed Indexthis attitude seems to be getting closer and closer to “fear” from “neutral”.
BTC’s price entered a consolidation phase over the weekend, with very little volatility in the market. However, market participants expect this to change in the coming days due to the aforementioned macroeconomic data releases.
Amidst the current crisis at Silvergate Capital and with these upcoming macroeconomic data releases, investors are understandably concerned about the potential impact on the cryptocurrency market.
It is therefore more important than ever to carefully consider both fundamental and technical analysis when choosing investment options. Based on these analyses, there are several cryptocurrencies that appear to be among the best cryptos to buy today, including FGHT, MKR, METRO, IMX, CCHG, and TARO.
Why Fight Out packs a punch for investors
Fight Out is set to be a game-changer in the fitness industry by leveraging Web3 and sophisticated move-to-earn (M2E) technology. As the world recovers from the COVID-19 pandemic, many are looking for ways to stay healthy and fit in a post-lockdown world.
With high training fees, lack of motivation and no personal training plans, many people struggle to maintain their training regime.
Fight Out aims to solve these problems with its pioneering M2E app, gym coin and gym network. By combining Move-to-Earn technology with Web3, Fight Out offers a unique platform that motivates users to maintain their training regimen while earning rewards in the form of REPS tokens.
Fight Out’s M2E app offers personalized training plans that cater to the individual needs of each user. The app tracks your progress, provides feedback and recommendations to help you reach your fitness goals. The REPS tokens earned through the app can be exchanged for gym memberships, merchandise and app subscriptions.
The Fight Out fitness network is set to launch in Q4 2023, and it promises to offer something unique to the fitness industry. The gym will be equipped with Web3 technology, including digital mirrors and sensors that monitor training sessions for personalized advice. Users will also have access to a community-driven platform that promotes a goal-oriented approach to exercise.
Fight Out is also set to become a leader in the Web3 sports market. Partnering with the UFC and other leading athletes, Fight Out’s metaverse features will allow fans to compete with each other and their favorite athletes. Users will be able to create their avatars and challenge others in the metaverse, earning in-app tokens along the way.
Fight Out’s presale for the FGHT token has so far raised nearly $5.2 million and shows no signs of slowing down, making it one of the best cryptos to buy today as it prepares for launch.
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Maker (MKR)
Maker (MKR) has outperformed other cryptocurrencies on the top 100 list recently, gaining 21% over the past seven days, while major digital currencies such as Bitcoin and Ethereum have faced a bearish trend. The recent upward trend in MKR’s price is an indication of the growing interest in the platform, which allows users to borrow and lend cryptocurrencies without a centralized intermediary.
https://twitter.com/MakerDAO/status/1630945462109847554
The increase in MKR’s price is attributed to the revised results from Maker, which introduces a new pricing model and an increase in the debt limit from 5 million DAI to 10 million DAI.
After yesterday’s 10.10% move, MKR’s price is trading below the immediate resistance area of $949 to $981 to $941 with a loss of 2.52% so far today.
If MKR’s price succeeds in retaking this level, the next potential target is the range between $1048 to $1074. Immediate support can be found at the current low of $822 to $838 with the 20-day EMA following at $818.
As decentralized finance continues to gain investor attention, platforms like Maker will likely see an increase in demand, leading to a potential increase in MKR’s price in the long term. But for more potential short- to medium-term gains, Metropoly is a great alternative investment.
Metropoly’s real estate NFT is a “fraction” of the cost
Metropoly’s real estate NFT marketplace is gaining ground in the crypto investment community. The platform gives investors the opportunity to invest in income-generating properties without the traditional hurdles of credit checks, high down payments, mortgages or paperwork.
Investors can enjoy passive income through automated rental payments, and Metropoly’s real-time analytics and data make investment management more accessible to investors. The platform’s instant liquidity is also a unique feature, allowing investors to sell their properties for 70% of the price immediately or go to auction to get the highest bid.
The NFTs on the platform are backed by physical properties, with each NFT representing a fraction of the property. This makes Metropoly’s NFT marketplace a unique offer in the real estate investment area.
Metropoly’s beta version is now live, showing the platform’s vision for the future. The platform’s partnerships with ChainAdoption, Tenset and more than 20 crypto influencers have helped raise its profile in the crypto investment community.
The platform’s low-barrier entry point of $100 makes it an attractive option for crypto-investors looking to diversify their investment portfolios, with real estate NFTs offering a hedge against inflation while offering monthly rental income and benefits from long-term appreciation.
Whether you are a novice or experienced investor, the Metropoly pre-sale offers an excellent opportunity to capitalize on this emerging market. Current investments have already been almost $600,000 and METRO, with prices increasing over 9 stages, making METRO one of the best cryptos to buy today before the price rises again.
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ImmutableX (IMX)
Immutable X (IMX) has shown resilience in its price action in the recent market decline, as it rebounded from the 50-day EMA of $0.88 on March 3 to close above the 20-day EMA of $1, indicating strong buying pressure at lower levels.
Looking ahead, the IMX price may face resistance at $1.12, where the bears could potentially step in and push prices down. However, if buyers manage to push through, it could gain momentum and rise towards a significant barrier at $1,247 to $1,290. This level is critical to observe, as a break and close above it could signal the start of a new uptrend, with IMX prices potentially rising to $1.60.
IMX is currently trading at $1.08 with a loss of 0.5% for the day. A further drop from this level would indicate that the bears are still in control.
Sellers can then try to pull the cryptocurrency below the 20-day EMA at $1 and take charge. If successful, IMX’s price could fall to the range between $0.870 to $0.888, which coincides with the 50-day EMA of $0.890.
On the 4-hour chart, the price fluctuates between $0.92 and $1.12, with significant trading activity near support and resistance. The range-bound price action can be erratic and unpredictable, so traders are advised to wait for a breakout confirmation before placing any positions.
C+Charge: A shockingly simple solution to a big problem
As electric vehicles (EVs) continue to grow in popularity, so does the need for charging infrastructure. C+Charge is a blockchain-based platform that attempts to help with this by improving the EV charging and payment experience.
With an innovative approach to sustainable energy, C+Charge aims to provide electric car owners with a seamless, efficient and environmentally friendly charging experience.
The company plans to build new charging stations while working on existing ones, so customers can quickly find nearby charging stations and pay with the CCHG token.
The blockchain technology behind CCHG ensures transparent and efficient payment processing, and the platform’s app provides real-time information on local charging options and vehicle diagnostics.
EV owners using the platform will also receive Goodness Native Tokens (GNT) carbon credits. These tokens represent verified voluntary carbon credits that can be traded on the app and are backed by major venture capital firms such as a16z and Invesco.
C+Charge’s pre-sale is divided into eight stages, with each stage lasting one week before the price increases. The presale has so far raised over $2.4 million and the next presale stage in just over 1 day will see the token’s price increase further.
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Build your dream world: RobotEra unleashes your creativity
The metaverse has been a buzzword in the tech industry for some time now, and many companies are looking to tap into its potential. Among these companies is RobotEra, a new metaverse crypto gaming project that creates a unique gaming experience.
Unlike many other metaverse projects that focus exclusively on gaming, RobotEra takes a different approach. The project aims to create an immersive and interactive platform that combines entertainment, creation, management, exploration and interaction, all while providing a play-to-earn experience that is frictionless.
One of the key features of RobotEra is the use of cryptocurrencies and digital assets. By integrating these elements, players can earn real money for their contribution to the in-game economy. This opens up new opportunities for players to monetize their gaming and turn their passion for gaming into a lucrative career.
Another unique aspect of RobotEra is its focus on virtual and augmented reality, along with Minecraft-like building tools. This allows players to create and customize robots, landscapes and structures, bringing a new level of creativity to the metaverse gaming industry.
RobotEra’s commitment to decentralization and community governance is another distinguishing feature. The platform’s DAO ensures that all players can propose or decide the implementation strategy of their own faction, as well as decide the use of tokens in their own treasury.
This gives players a sense of ownership and control over the platform, making it a truly collaborative and democratic gaming experience.
RobotEra is also building a dynamic ecosystem that allows players to collaborate, share and trade with each other. The shared world connects players’ unique lands, opening up endless possibilities for theme parks, concerts, museums and more. This creates a truly social experience that goes beyond traditional gaming.
Don’t miss your chance to be one of the first investors in RobotEra’s TARO token, which is fast approaching $1 million raised during the presale. This crypto coin is one of the best cryptos to buy today as now is a great time to buy before the prices go up by stage 2.
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