The crypto markets are more or less in limbo as major cryptos like Bitcoin, Ethereum, Binance Coin, and Ripple are showing slight gains over the past 24 hours while still being down slightly over the past week.
Meanwhile, the total crypto market cap is up almost 1% in the past 24 hours and currently sits at $834.4 billion. The total crypto market volume over the last 24 hours has decreased by 13% to $52.67 billion, while Bitcoin is up 0.63% over the past day and is currently trading at an average price of $16,570.
Solana, which has seen intense volatility on a massive downward trajectory since FTX’s collapse, is at $14.36, up 3.41% over the past 24 hours.
In other news, Binance has stepped in to bid for defunct crypto lender Voyager now that FTX is out of the picture.
In an interview, Binance US CEO “CZ” Zhao confirmed that the company will make a new bid for cryptocurrency lender Voyager. He said that this decision was made because “FTX is no longer able to follow through on that commitment”.
Following Voyager’s bankruptcy, FTX first emerged as the frontrunner to acquire the lender while Binance’s original bid was reportedly withheld. CZ clarifies: “I think the U.S. national security concerns were rumors spread by FTX.”
Although it may be risky to buy into cryptocurrencies with little short to medium-term upside potential due to current market conditions, cryptocurrencies like SOL that have already suffered huge losses may be an option to consider if the wider market continues to move sideways. DASH may also be a good buy once it consolidates after a recent pump. Meanwhile, tokens in presale like D2T, TARO, and RIA offer a chance to capitalize on future growth.
Dash 2 Trade (D2T)
Dash 2 Trade is a cutting-edge crypto analytics and social trading platform that enables users to find the best trades for any coin and time frame. The platform, currently in presale, will launch in Q1 of 2023 and will offer indispensable tools to traders to track and analyze price movements, news, and market sentiment of various coins.
After a major pump starting on Nov. 22 that saw the crypto rise 37% at one point and hit $43.59, Dash has entered a consolidation phase while forming a bull pennant pattern.
Some speculation suggests prices may have pumped due to the cryptocurrency’s anonymous nature and its potential use for online betting in the FIFA World Cup. Whatever the cause, if Dash shows a decisive break out above $44 it may be considered a short-term buy, with a reasonable price target of $47.
The project is a metaverse world in which the founders are attempting to create a Sandbox-style environment. This means that there will be different assets and experiences available as part of the world for players to enjoy.
The project will initially sell the native token $TARO to run the in-world economy. They will then sell land parcels and robot characters as NFTs. $TARO can be used for various in-world transactions like purchases, entries into games and events, etc.
The robot NFT will be the user’s in-game character, while the land will allow users to build assets mine $TARO, build digital buildings, create games, and more. The project’s easy-to-use tools will allow users to create assets in the RobotEra metaverse with no coding knowledge.
The world also features “play to earn” elements, so players can earn $TARO by completing tasks.
As you probably know, Solana tanked big after the FTX fiasco, with FTX selling off their large holdings of the coin to prop up the price of FTT — while speculation of how Solana would survive without the support of the exchange further depreciated its value.
It’s quite possible that Solana has seen its bottom and may be able to gain enough momentum from here to hit the 50% retracement level from its ATH, around $20. However, there is no guarantee that simply because it has currently fallen 95% since its ATH that it’s currently a solid buy.
There is currently a lot of hype around Cavaria: Duels of Eternity, a crypto gaming platform first announced in 2022. The platform combines non-fungible token (NFT) trading cards with the metaverse to create an immersive and exciting experience for players.
In Calvaria, players purchase NFT trading cards and use them to build strategic decks. The goal is to get a set of cards to battle other players and win, after which they earn tokens in return. With its unique blend of gameplay elements, Calvaria is sure to be one of the hottest games around!
Calvaria, a free-to-play game, breaks the mold of pay-to-earn gaming by offering players NFTs as soon as they join. So, players don’t need any financial wherewithal or technical knowledge to play the game.