January was a good month for the crypto market as Bitcoin and Ethereum posted significant gains while many altcoins continued to bounce sharply off 2022 lows. Bitcoin recently surged to a January high of $23,501 before recovering slightly to its current value of $23,180 at the time of writing.
That’s up 0.53% on the day and more than 9.55% over the past week. Ethereum also posted gains and is currently trading at $1,614, up 3.5% for the day and 6.5% for the week.
The industry’s two largest cryptocurrencies by market cap have also seen a cumulative trading volume of more than $56 billion over the past 24 hours, surpassing stablecoin Tether’s $53 billion. Many in the market are wondering if this is the start of a larger bull run or if there is another correction on the horizon.
The total crypto market cap is currently holding steady above $1 trillion after recovering from Jan. 20 levels. However, it is still a long way from its peak in November 2021 when it hit over $3 trillion.
Traders and investors are advised to implement risk management strategies for capital preservation and keep their expectations in check as the cryptocurrency market is not yet fully out of the woods.
Five cryptos that look attractive given these current market conditions are MEMAG, APT, FGHT, MINA, and CCHG, all of which are current potential buys based on fundamental and/or technical indicators.
Meta Masters Guild (MEMAG) is one of the best cryptos to buy today
Meta Masters Guild (MEMAG) is bringing some interesting ideas to the web3 gaming space with its nascent “Web3 Gaming Guild” focused on creating a cross-game economy centered around a community-focused Metaverse world that encompasses diverse mobile games in different genres together.
By combining blockchain technology and a decentralized community, MMG Gaming goes one step further. They are determined to create an engaging environment that encourages both entertainment and connection while solving modern problems that gamers encounter.
In addition to a list of high-profile games, the project will also integrate NFTs and crypto rewards. MMG was created to recognize players for their involvement and dedication in the upcoming games, granting them the MEMAG cryptocurrency and control over multiple aspects within the game. An open economy allows players to exchange digital inventory and currency for Gems rewards, which can be exchanged for real money or NFT items in-game.
To start the Web3 gaming community, they created Meta Kart Racers – an exciting racing game with two modes: Player vs. Player and Single Player – which everyone can access on their mobile device.
MMG already has other Web3 games in development to bring to the Meta Masters Guild ecosystem.
Cryptocurrency traders are flocking to attend the pre-sale launch of MMG’s MEMAG token, which resulted in a whopping $1.45 million in just a few weeks.
Visit Meta Masters Guild now
Fit (APT)
Aptos is currently in a strong uptrend, with the price hitting an all-time high of $20.40 earlier in today’s trading session. The 20-day and 50-day exponential moving averages (EMAs) are both trading below the current price, suggesting that the short- and medium-term trend is bullish.
The RSI is also showing a strong uptrend, coming in at 89.61, as is the MACD indicator, with the previous day’s MACD histogram being higher than the current day’s.
APT is currently supported by the extended Fibonacci level of FIB 1.272 at $17.74 and if it successfully breaks the $20 psychological barrier, its next potential target would be FIB 1.618 at $21.73.
There are several reasons why Aptos is currently experiencing an upward trend. First, on January 9th, the company held its first AptosMoveMonday of 2023, which roughly coincided with the upward move in the APT price. Its co-founders actively answered a number of questions and discussed many upcoming developments during the session.
Additionally, on Jan. 20, Binance announced the opening of two new liquidity pools for Aptos with $APT/BTC and $APT/USDT. This helped push the price and trading volume for $APT even further. In addition to these announcements, the increased trading activity and attention Aptos is receiving due to its rally is causing a snowball effect as traders FOMO into the crypto.
Although Aptos could still be a buy, other cryptos like Fight Out could have more potential as Aptos is experiencing a pullback today.
Fight Out (FGHT)
Fight Out, a soon-to-be-launched gym chain and innovative move-to-earn fitness app powered by Web3 technology, plans to bring community and high-tech solutions to the fitness industry and offer users exclusive workout programs, that are tailored to their individual needs.
Those who consistently meet their health goals with the app are rewarded with REPS tokens – which not only increases motivation but also allows them to make money while maintaining a healthy lifestyle. The M2E application is developed by an expert team of professionals who have been pre-qualified through CoinSniper’s rigorous review process.
Fight Out is shaking up the fitness industry with its state-of-the-art gyms, which will be equipped with interactive features like “mirrors” to show user profiles and use sensors for real-time exercise instructions – making the gym visit that much more enjoyable. To top it off, Fight Out has added well-known athletes like UFC’s Amanda Ribas and Savannah Marshall, a former WBO middleweight champion, to its ambassador program.
Fight Out is poised to become a major player in the fitness app and fitness chain industry in the years to come. Investing in Fight Out’s pre-sale event now – with bonuses of up to 50% on investments over $50,000 – is a good chance to get on the ground floor of the project.
More than $3.48 million has already been raised, proving that this project is not lacking momentum as launch nears. Get in the ring and make your move before phase 2 begins and token prices increase.
Visit Fight Out Now
Mina Protocol (MINA)
MINA is an altcoin that saw a significant price gain at yesterday’s candle close, gaining 22.36%. The Mina protocol aims to be a lightweight and nimble option for blockchain developers, with a constant size of no more than 22kB.
The reason for MINA’s current price uptrend is not clear, but it appears to be part of a broader market rally and anticipation of a possible Federal Reserve rate cut.
MINA is currently trading at $0.671, down 1.90% for the day. It retested the 200-day EMA earlier in today’s trading session and hit a daily high of $0.770
Its immediate support lies around the $0.581-$0.603 support area, while its immediate resistance lies in the $0.773-$0.815 range, converging with the 200-day EMA at $0.76. If the price successfully reclaims this level, the next potential target is the $1 psychological resistance.
With its Real Utility C+Charge (CCHG), it is one of the best cryptos to buy today
C+Charge aims to transform the electric car market with its groundbreaking peer-to-peer payment system and rewards program utilizing blockchain technology. The platform will reward EV owners with carbon credit crypto while helping them access charging stations and complete payment transactions faster — giving them an easy and secure way to power their cars.
For EV owners looking for a reliable and seamless way to find charging stations and monitor and verify their charging, C+Charge will be a great option.
With the pre-sale now underway, this is your opportunity to purchase C+Charge’s sustainable crypto tokens, CCHG, at the introductory price of $0.013 USDT per token before they are priced up in three stages and reach their final price of $0.02350 .
Visit C+Charge now
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