Despite a tentative feel to macro trading conditions and stock, bond, commodity and currency market traders tread water ahead of a key speech from Fed Chairman Jerome Powell and the release of key November US jobs data on Friday, cryptocurrency markets have been rallying. Bitcoin was last trading around 2.5% higher on the day in the upper $16,000s, breaking above its 21-Day Moving Average (DMA) and extending its gains since earlier monthly lows to around 8.5%.
The world’s largest cryptocurrency is still trading down around 20% versus its pre-FTX collapse levels in the $21,000s, however. Here are a few altcoins that investors looking to shake up their crypto portfolios should consider.
Dash 2 Trade (D2T)
Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with its host of unique features. These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool.
Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features. Dash 2 Trade is currently conducting a token pre-sale at highly discounted rates. D2T token sales recently surpassed $7.5 million and the sale will soon enter its fourth phase, which will see the token pre-sale price lifted to $0.0533 from $0.0513.
Visit Dash 2 Trade here
Fantom (FTM)
FTM, the native token that powers the Fantom blockchain, has jumped nearly another 10% on Wednesday and was last changing hands in the $0.23s, now up around 33% from earlier weekly lows in the $0.178 area and nearly 45% higher versus earlier monthly lows in the $0.16s. The cryptocurrency is deriving momentum from the broader rally in crypto markets, as well as ongoing optimism regarding a recent positive update from one of the project’s chief developers and advisors.
FTM’s latest rally has seen it break to the north of its 100 Day Moving Average just under $0.23, opening the door to a push higher towards the 200DMA near $0.2750. Beyond this level, traders are focused on a possible test of the upper bounds of a trend channel that has been capping FTM price action since May. A break above this bearish trendline could open the door to a push higher towards the next major area of resistance around $0.40.
RobotEra (TARO)
RobotEra is an early-stage sandbox-style crypto metaverse project that hopes to usurp the likes of Decentraland and The Sandbox with superior graphics and a more gamified feel. The RobotEra metaverse will feature a variety of different play-to-earn and player-versus-player games.
In just a few days since the start of its pre-sale of the TARO token that will power the in-metaverse economy, RobotEra has already raised close to $300,000. Once RobotEra has raised $1.8 million, the price of the TARO tokens being sold will jump to $0.025 from their current $0.020 level, so interest investors are encouraged to get in quickly.
Visit RobotEra here
Ethereum (ETH)
ETH, the native token that powers the Ethereum blockchain, was last trading with gains of around 4% on the day this Wednesday, with ETH/USD having rallied to the $1,260s. That takes its gains since earlier weekly lows in the $1,150 area to nearly 10%, and its gains since earlier monthly lows under $1,100 to nearly 18%.
Ethereum’s rally comes amid broader upside in the crypto space as trader confidence returns following the collapse of FTX earlier in the month. The latest move higher has seen ETH rally to its highest levels since the middle of the month and surpass its 21DMA. However, Ethereum remains below its 50, 100 and 200DMAs and in a negative trend channel that suggests its medium-term upside may still be limited.
Calvaria (RIA)
Major blockchain-based games like Axie Infinity lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an up-and-coming play-to-earn battle card crypto game, could be a good alternative. Calvaria seeks to boost crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calvaria’s RIA token pre-sale. Calvaria has now raised $2.15 million and is in the final stage of its fundraising process. Only 30% of pre-sale tokens remain up for grabs.
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