The cryptocurrency markets responded positively yesterday to news from the Federal Reserve, but the market has pulled back a bit since then. Bitcoin prices still need to break through the resistance levels of $17,000 and $17,250 before continuing the recent upward trend.
In other news, the US dollar has started to cool off following its record-breaking run earlier this year, opening up the potential for investors to look towards cryptocurrencies as an alternative place to invest or store value. CFTC Chair Rostin Behnam also recently discussed the need for regulations in the crypto industry, particularly regarding the classification of digital assets as commodities or securities. How this will impact the markets remains to be seen.
As always, investors should remain vigilant and do their research before investing in such a volatile market. Some coins investors may consider today based on strong technical and fundamental analysis include D2T, GMX, TARO, FTM, and LBLOCK.
Dash 2 Trade (D2T)
Dash 2 Trade is a social and market data-driven trading information platform that may be a great crypto investment opportunity for anyone looking to buy a solid coin before its official launch on exchanges. With the presale ending soon, now is the perfect time to buy D2T tokens at their lowest price and enjoy potential profits once they are listed on the LBank and BitMart exchanges early next year.
Dash 2 Trade’s features include trading signals, social sentiment metrics, and strategy-building tools that can help investors make informed decisions. Additionally, with a well-experienced team of experts onboard, this project is set for massive growth in the near future.
The team’s presale is ongoing, so investors can take advantage of the current reduced price and potentially gain considerable profits when the coin is listed on exchanges.
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GMX is a cryptocurrency spot and perpetual contract trading platform with some impressive features such as low trading fees, optimized protocols, and a reward system for traders and liquidity providers.
For anyone looking for a reliable crypto investment opportunity, now may be the perfect time to buy GMX tokens before they start appreciating in value even further as investors continue flocking to the DEX since investor confidence in CEXes plummeted following the FTX collapse.
Recently, GMX surpassed Uniswap’s trading fee profits for the first time, putting it in a position to eventually overtake Uniswap as the premiere DEX. Given GMX’s relatively low market cap, it has a lot of room for growth left despite the recent rally. Investors should, however, be careful in investing in a coin that has gone up in price so much in a short period and may choose to enter a position after a pullback, while also setting responsible stop losses to prevent losing significant funds.
RobotEra (TARO) allows players to contribute to building an immersive 3D world with their own rules, customizing the gaming experience to suit their needs. Players can create robot companions that they can use in the game or sell on the open market as NFTs.
TARO tokens are used as the native currency of RobotEra, allowing users to purchase and sell resources, virtual goods, and land on Taro. Staking rewards are also available with stakers able to vote on the future of RobotEra through its DAO system.
Additionally, developers are currently working towards deploying augmented reality functionality in 2023. The team behind RobotEra is KYC verified and the TARO token’s smart contract has been fully audited by SharkTeam.
The project’s presale has already raised $308,896 in its first stage of the presale and is selling fast.
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FTM has been gaining momentum since Nov. 22, and its price is up over 55.5% since then. After Andre Cronje, a popular figure in the DeFi space and an adviser to Fantom, wrote an article revealing the company’s financials, FTM made a sudden move in the market. Cronje revealed that Fantom is significantly cash flow positive and has 30 years of runway.
Technical analysis also shows that the coin has strong support levels and good indicators that suggest a possible short-term rally.
Lucky Block (LBLOCK )
Lucky Block (LBLOCK) is a unique blockchain-based casino and sportsbook platform. It offers players the chance to win real money, while also providing an exclusive $10,000 token giveaway. With no wagering requirements on bonuses, as well as cashback on losses for the first seven days after signing up, Lucky Block provides a great environment to play in.
Once signed up, users can access more than 2,700 different games and sportsbook markets across 30 sports. This includes the current FIFA World Cup, wherein users can bet on who they think will win each match, as well as betting on markets that include first goal, yellow cards, and more. Games include slots, live casino tables with real dealers, and a selection of poker, blackjack, and roulette.
The platform also has no KYC or email verification necessary to join, with quick payouts in crypto or traditional payment methods. The LBLOCK token can be used within the platform for wagers or stored offsite for future use or investment.
Lucky Block is provably fair and based on blockchain technology, so it’s transparent and easy to use – making it one of the best places for gambling and betting.
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