The cryptocurrency market briefly regained positive momentum earlier in the week, but that did not translate into significant gains. Shockwaves coming from the collapse of FTX snuffed out the bullish spark.
Currently, the market is dotted in red and green amid an intense tug-of-war between bulls and bears. This means that investors must be very deliberate with the assets they buy this week. Tokens like Dash 2 Trade (D2T), Chiliz (CHZ), RobotEra (TARO), Litecoin (LTC) and Calvaria could be the fastest gateway out of the prolonged crypto winter.
Crypto Spot Trading Volume at Record Lows
Crypto markets performed relatively well in October before giving up most of the gains in the first two weeks of November. Despite the bullish correction last month, trading activity slowed, with the spot and derivatives volume performing below expectations.
It is feared that the FTX debacle could have far-reaching implications on market participants, centralized exchanges included. Trading volume on decentralized exchanges has surpassed October in just two weeks.
Dash 2 Trade (D2T)
Dash 2 Trade enables the creation and testing of trading strategies for traders and investors to make informed market decisions. The platform is designed to take your crypto trading to the next level.
With Dash 2 Trade, traders and investors can always stay on top of the market. Having access to timely and accurate data often gives market participants an edge over compared to the rest. Dash 2 Trade can impact your market performance by empowering you with focused insight into metrics (on-chain and technical) key to making trading decisions.
D2T is an ERC-20 token on the Ethereum Network dedicated to powering the Dash 2 Trade platform. This token allows access to crypto analytics, signals and social trading features needed to excel in the market.
Dash 2 Trade is currently in the third stage of its presale and selling for $0.0513. Within a few weeks, the team has raised more than $6.4 million and is close to hitting the target. The price of D2T will jump to $0.0533 in the next presale stage ahead of its listing on exchanges.
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CHZ Price Prediction: CHZ Nurtures an Uptrend
Chiliz is among the few cryptos in the market that have maintained a bullish outlook since FTX imploded. Although bulls struggled with resistance at $0.23, CHZ managed to step above this hurdle to trade at $0.24 at the time of writing.
The Moving Average Convergence Divergence (MACD) indicator upholds the optimistic outlook for Chiliz. In addition to a buy signal triggered when the 12-day Exponential Moving Average (EMA) (in blue) crossed above the 26-day EMA (in brown), the MACD sits significantly above the mean line.
Traders will prefer to wait until the price tags $0.26 for the first take profit target (TP-1) and TP-2 at $0.29 for the second take profit target. On the other hand, an ascending trend line is in place to arrest declines before they wipe out the gains collected this week.
RobotEra (TARO)
The founders of RobotEra are creating a platform similar to the popular metaverse crypto project, the Sandbox. However, they are initially selling TARO, a native crypto token, to power the in-world economy. Later they will sell land parcels and robot characters as NFTs.
Players will have access to custom-built tools to create assets within the game, meaning no coding experience would be required when building in the metaverse.
The Robot NFT has been designed to be the user’s character in this world while allowing users to build assets on their land. Assets will range from mining TARO, building digital buildings to add to the land to creating games played in these specific areas of the land. All these will be achieved using inbuilt, user-friendly tools within the project.
TARO’s presale is underway and selling for $0.020. Within the first two weeks of the presale, the team has raised over $119,000. The price will, however, increase to $0.025 in the next stage.
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LTC Price Prediction: LTC Eyes a 19% Bullish Move
Litecoin price is on the verge of a 19.98% breakout that will see it attack seller congestion at $75.00. Its gradual recovery from last week’s support at $50.00 led to the formation of an ascending triangle.
This pattern is highly bullish and often marks the end of a downtrend. Traders usually place buy orders marginally above the triangle resistance at $63.00 to avoid fake breakouts. The breakout target equals the distance between the widest points of the triangle extrapolated above LTC’s breakout point.
The position of the MACD cements the bulls’ growing presence in the market. In other words, the least resistance path LTC faces is to the upside.
Calvaria
Calvaria is a crypto project aiming to be a frontrunner in the race to bridge the gap between the “real world” and crypto. The project involves speeding up crypto adoption via a play-to-earn battle card game.
The team hopes to be competitive within the Web2 gaming market by creating two game versions. One game version will be accessible via app stores such as Google Play and Apple Store.
On the other hand, the play-to-earn version (backed by blockchain functions) will admit all players without the many barriers to entry that often scares non-crypto users.
Another key feature is staking, where one can earn extra tokens by holding RIA. Calvaria’s presale is 65% complete after raising more than $1.7 million.
Visit Calvaria Presale Now.
Source: cryptonews.com
