FTM, the token that powers the high-performance smart-contract-enabled Fantom layer-1 blockchain protocol, has seen a surprising return to type this yr. Some pre-Fed assembly revenue taken has seen it slip again below $0.52 from the greater than eight-month highs it hit above $0.55 on Tuesday.
However FTM/USD continues to commerce up a jaw-dropping 160% for the reason that finish of December 2022, with the tempo of its exponential fee of features choosing up over the course of January. Crypto markets have benefitted this yr from a mix of bets that 1) 2023 can be a greater yr on the macro entrance as US inflation quickly falls, permitting the Fed room to “pivot” to a extra dovish stance and a couple of) that 2022’s bear market may now be over.
After all, some analysts count on the Fed to knock cryptocurrency markets again by disappointing expectations for an imminent dovish coverage sign. That might ship Fantom again in direction of help within the $0.42-44 space. However bulls stay assured that Fantom’s continued spectacular ecosystem progress fee and powerful monetary place, mixed with a typically higher macro backdrop, ought to help additional upside within the months forward.
If FTM can clear resistance within the $0.55 space (the late Might 2022 highs), the door ought to open to a near-term run in direction of resistance within the $0.65 space, a low from late April 2022.
FTM Alternate options to Contemplate
Fantom has nice potential in 2023, having already loved a robust begin. Many different altcoins of promising layer-1 protocols may additionally expertise huge upside (Cardano, Solana, Aptos, Avalanche and so forth.), assuming a continued resurgence available in the market’s urge for food for threat.
However buyers on the lookout for excessive potential returns also needs to think about one other kind of crypto investing – presales. Up-and-coming crypto initiatives typically supply the tokens that can be used on their platform at a reduced value to early buyers, utilizing these funds to pay for his or her platform’s growth.
Traditionally, buyers who managed to spend money on a profitable venture at its presale stage have seen the most effective returns. And the potential for returns is heightened when the market turns bullish and cryptocurrencies like Fantom are surging.
Here’s a checklist of three presale initiatives reviewed by the workforce at Cryptonews.com that buyers may need to think about.
Meta Masters Guild (MEMAG) – Stage 4 Practically Full
Meta Masters Guild is an up-and-coming mobile-based web3 gaming ecosystem that’s growing a number of enjoyable and addictive video games. The video games will make the most of non-fungible tokens (NFTs), permitting neighborhood members to earn rewards, in addition to stake and commerce. The platform hopes to sooner or later host dozens of viral video games. Its first sport, Meta Karts Racers can be launched later this yr.
Meta Masters Guild is at the moment within the fourth stage of its presale of MEMAG tokens, with the presale already one of many hottest of 2023. In just some weeks, the crypto start-up has already managed to lift a whopping $2.3 million by way of MEMAG gross sales. Traders ought to transfer shortly to safe their tokens earlier than costs rise once more in 4 days.
Combat Out (FGHT) – Presale on Now
The younger move-to-earn crypto area of interest has proven quite a lot of promise, however early success tales like STEPN have vital limitations which have, up to now, prevented them from conquering the mainstream. Combat Out, which touts itself as the way forward for move-to-earn, desires to alter that in 2023.
Combat Out is a model new web3 health software and health club chain that rewards its customers for figuring out, finishing challenges, and competing inside a first-of-its-kind health metaverse. Whereas present M2E purposes reminiscent of STEPN solely observe steps and require costly non-fungible token (NFT) buy-ins to participate, Combat Out takes a extra holistic method to monitoring and rewarding its customers for his or her train and exercise, and doesn’t require any costly buy-ins to participate.
Combat Out seeks to mix the bodily and web3 worlds. The venture goals to finally purchase gyms throughout all the world’s main cities, while concurrently selling an built-in web3 health expertise. In the meantime, on the middle of Combat Out’s digital ecosystem can be its smartphone software which, in line with Combat Out’s whitepaper, is scheduled for launch in Q2 2023.
The Combat Out app will harness smartphone and wearable expertise to measure and observe bodily efficiency. The app could have its personal in-house tokenized economic system, the place customers can earn rewards for finishing M2E duties, and may mint their very own soul-bound token avatar, via which the person will be capable of work together with the Combat Out metaverse.
FGHT is the token that powers the Combat Out metaverse ecosystem. FGHT can be utilized to pay discounted memberships to Combat Out’s gyms and digital merchandise. Customers may even pay to enter competitions and leagues with FGHT, and winnings can be paid out in FGHT and FGHT can be utilized in peer-to-peer health wagers.
FGHT is scheduled to checklist throughout centralized exchanges in April at $0.033 per token. Traders ought to transfer shortly, as in the event that they safe tokens now, they may very well be sat on paper features of round 100% by the point the crypto token lists on exchanges at first of Q2. The venture has already raised an enormous $3.7 million and will effectively hit the $15 million laborious cap previous to the scheduled finish of the presale on the finish of March.
C+Cost (CCHG) – Presale Now On
The carbon credit score business is projected to be value $2.4 trillion by 2027. Democratizing entry to accrue these advantages goes to large enterprise within the years forward and that is one thing crypto start-up C+Cost hopes to realize. C+Cost is at the moment constructing a blockchain-based Peer-to-Peer (P2P) cost system for EV charging stations that can enable the drivers of electrical autos (EVs) to earn carbon credit.
C+Cost goals to spice up the function of carbon credit as a key incentive for the adoption of EVs. At current, massive producers of EVs like Tesla earn tens of millions from promoting carbon credit to polluters. C+Cost desires to democratize the carbon credit score market by permitting extra of those rewards to search out themselves within the arms of the EV house owners, quite than simply the large companies.
C+Cost has simply began its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are at the moment promoting for $0.013 every, although by the tip of the presale, it will have risen by 80%. Traders fascinated with getting in early on a promising environmentally pleasant cryptocurrency venture ought to transfer quick, with the venture having already raised over $500,000 in just some weeks for the reason that presale launch.
Traders ought to be aware that the remaining tokens may very well be scooped up shortly. A crypto whale lately scooped up over $99 value of CCHG in a single transaction, as may be verified right here on BscScan.
