The cryptocurrency market has been mostly stagnant today, while Bitcoin is fluctuating around the $17,000 mark yet again and traders are unsure of Bitcoin’s or the wider market’s next move.
Meanwhile, in a positive step for cryptocurrencies breaking further into the mainstream, Goldman Sachs is reportedly looking to buy cryptocurrency businesses, as stated by Reuters. This signifies the bank’s acknowledgement that cryptocurrencies are integral to future financial systems.
5 Altcoins to Buy Today
As the bear market continues, experienced traders know that this is actually a good time to start buying, as the market will eventually reverse its trend and enter a bull market once again. Regardless of whether it’s a bear or bull market, when investing in cryptocurrencies, it’s important to diversify your portfolio and only invest in projects with strong fundamentals. This means they should have valid use cases, solid teams, and clear financial backing and interest from investors. Some such cryptos to buy today include D2T, SNX, IMPT, CRO, and TARO.
Dash 2 Trade (D2T)
For cryptocurrency investors seeking to take advantage of the FTX exchange crisis, Dash 2 Trade’s D2T token could prove a fruitful option since it will help traders avoid future scams. What distinguishes Dash 2 Trade is its innovative social insights and community, social indicators, presale analytics tool, strategy backtesting, technical indicators, and social trading features – all unrivalled in the crypto sphere.
D2T tokens are used to access the features of the platform. With an innovative platform and impressive features, Dash 2 Trade is set to become a go-to for short-term traders and long-term investors alike. The demand for D2T tokens will only rise as more people use the website, which in turn will increase its value. Right now, D2T is in the third stage of pre-sale–having raised over $8 million dollars–and 97% complete before moving onto stage 4 where token prices increase from $0.0513 to $0.0533.
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SNX made a big move yesterday, gaining 8.83%. Right now it’s trying to go even higher where it has met some resistance previously between $1.95 and $2, which is at a confluence with the daily EMA 50 and the psychological resistance at $2. If the price successfully breaks out from the area of $2.04, there’s potential for a swing of 6% to 7% toward $2.18 to $2.19.
If you’re considering investing in a high-demand token with the potential to positively impact the world, IMPT is your best option. With 25,000 affiliate companies–including recognizable brands like Nike and Amazon–IMPT makes it easy for people to purchase carbon credits and offset their own carbon footprints. In just three months, IMPT’s native token has raised over $14 million in its presale: one of the most successful token sales in this bear market.
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With the price creating higher highs and testing the previous market open back on November 16, CRO has been gaining some steam with a significant amount of trading volume yesterday. Now trading at 0.0661 and down 4.06% for a possible retest of the trendline, traders should look out for this coin when the ascending triangle finally materializes with a significant amount of volume in the breakout.
If the price continues to fall, support is established in the area of $0.629 to $0.0636. It’s crucial to break the resistance area of $0.0737 to $0.0762 for a possible materialization of the ascending triangle pattern.
The TARO token from RobotEra is a great investment opportunity for those looking to invest in the quickly growing Web3 and metaverse gaming space. RobotEra sees players control NFT-based customizable robots that work to rebuild the destroyed planet of Tarot by planting trees, building buildings on NFT-based plots of land, and carry out quests to earn rewards. With RobotEra’s inventive gameplay mechanics that provide users with many ways to generate active and passive income within the game economy, it is set to change Web3 metaverse gaming for the better.
So far, RobotEra is selling its TARO tokens at $0.02 apiece (set to increase to $0.025 in stage 2) and has raised over $400,000 total.
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