Cryptocurrency markets are somewhat in limbo with major cryptocurrencies such as Bitcoin, Ethereum, BNB, and Ripple showing slight gains over the past 24 hours while remaining slightly lower over the past week.
Meanwhile, the total cryptocurrency market cap is up nearly 1% in the past 24 hours and currently stands at $834.4 billion. The total cryptocurrency market volume over the past 24 hours is down 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 wild volatility on a massive downward trajectory since the FTX crash, is at $14.36, up 3.41% over the past 24 hours.
In other news, Binance has stepped in to bid on defunct crypto lender Voyager now that FTX is out of the picture.
In an interview, US Binance CEO “CZ” Zhao confirmed that the company will submit a new bid to acquire cryptocurrency lender Voyager. He said this decision was made because “FTX can no longer follow through on this commitment.”
After the Voyager bankruptcy, FTX debuted as the frontrunner to take over the lender while Binance’s original bid was blocked. CZ explains: “I believe the US national security concerns were rumors spread by FTX.”
While it might be risky to buy into cryptocurrencies with little upside potential in the short to medium term due to the current market conditions, cryptocurrencies like SOL that have already suffered huge losses could be an option to consider if the broader market continues. moving sideways. Dash might also be a good buy once it consolidates after its recent pumping. Meanwhile, pre-sale tokens such as D2T, TARO, and RIA provide an opportunity to cash in on future growth.
Dash 2 Trade (D2T)
Dash 2 Trade is a cutting edge crypto analytics and social trading platform that allows users to find the best trades for any coin and timeframe. Platform , Currently in pre-salewhich will be launched in the first quarter of 2023 and will provide indispensable tools for traders to track and analyze the price movements, news and market sentiment of various coins.
After a major pump that started on November 22 that saw the cryptocurrency surge 37% at one point and reach $43.59, Dash entered a consolidation phase while forming a bull pennant pattern.
Some speculations suggest that prices may have increased due to the anonymous nature of cryptocurrencies and their potential use for online betting on the FIFA World Cup. Whatever the reason , If Dash shows a decisive breakout above $44 It can be considered a short-term buy, with a reasonable price target of $47.
The project is a metaverse where the founders are trying 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 $TARO token to run the global economy. They will then sell plots of land and bot characters as NFTs. $TARO can be used for many transactions in the world such as purchases, entries in games, events, etc.
The NFT robot will be the user’s in-game character, while Earth will allow users to build TARO mine assets, 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 missions.
As you probably know, Solana’s prices plummeted after the FTX fiasco, with FTX selling off its large coin holdings to support the FTT price – while speculation about how Solana could survive without the stock’s support sent its value down even further.
It is quite possible that Solana has bottomed and may be able to gather enough momentum from here to reach the 50% retracement level of ATH, around $20. However, there is no guarantee that simply because it is currently down 95% since ATH, it is a Strong Buy at the moment.
There is currently a lot of hype around Cavaria: Duels of Eternity, which is a crypto gaming platform first announced in 2022. The platform combines non-fungible token (NFT) trading cards with a metaverse to create an immersive and exciting experience for players.
In Calvaria, players buy NFT trading cards and use them to build strategy decks. The goal is to get a deck of cards to fight 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 most exciting games out there!
A free-to-play game, Calvaria breaks the mold of pay-to-win games by offering players NFTs as soon as they join. Therefore, players do not need any financial resources or technical knowledge to play the game.
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