The crypto markets are more or less in limbo, as major cryptocurrencies like Bitcoin, Ethereum, BNB, and Ripple are showing slight gains in the last 24 hours, while they continue to fall slightly over the last week.
Meanwhile, the total crypto market capitalization has risen nearly 1% in the past 24 hours and currently sits at $834.4 billion. Total crypto 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 intense 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, Binance US CEO “CZ” Zhao confirmed that the company will make a new offer for cryptocurrency lender Voyager. He said this decision was made because “FTX can no longer meet that commitment.”
After Voyager’s bankruptcy, FTX first emerged as the front-runner to acquire the lender, while Binance’s original offer was retained. CZ clarifies: “I think the US national security concerns were rumors spread by FTX.”
Although it can be risky to buy cryptocurrencies with little upside potential in the short to medium term due to current market conditions, cryptocurrencies like SOL that have already suffered heavy losses may be an option to consider if the broader market continues to move sideways. DASH may also be a good buy once it takes hold after a recent pump. Meanwhile, pre-sale tokens like D2T, TARO, and RIA offer the opportunity to capitalize on future growth.
Dash Trading 2 (D2T)
Dash 2 Trade is a cutting edge social trading and crypto analytics platform that allows users to find the best trades for any currency and any time period. The platform, currently in presaleLaunching in Q1 2023, it will offer traders indispensable tools to track and analyze price movements, news, and market sentiment for various currencies.
After a big pump that started on November 22 that saw the crypto rise 37% at one point and hit $43.59, Dash entered a consolidation phase as it formed a bullish pennant pattern.
Some speculation suggests that prices may have skyrocketed due to the anonymous nature of the cryptocurrency and its potential use for online betting on the FIFA World Cup. whatever the cause, if Dash shows a decisive break above $44 can be considered a short-term buy, with a reasonable price target of $47.
Robot Age (TARO)
The project is a metaverse world in which the founders try 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 $TARO token to manage the world economy. They will then sell plots of land and robot characters as NFTs. $TARO can be used for various transactions in the world, such as purchases, game and event tickets, etc.
The NFT robot will be the user’s in-game character, while the land will allow users to build assets, mine $TARO, build digital buildings, create games, and more. The project’s easy-to-use tools will allow users to create assets in the RobotEra metaverse without coding knowledge.
The world also features “play to win” elements, whereby players can earn TARO$ by completing tasks.
As you probably know, Solana took a deep dive after the FTX fiasco, with FTX selling its large holdings of the coin to prop up FTT’s price, while speculation as to how Solana would survive without exchange support further depreciated its value.
It is quite possible that Solana has bottomed out and could build enough momentum from here to reach the 50% retracement level from its ATH, around $20. However, there is no guarantee that simply because it is currently down 95% from its ATH that it is currently a solid buy.
There is currently a lot of anticipation surrounding 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 buy NFT cards and use them to build strategy decks. The goal is to get a set of cards to fight against other players and win, after which they get tokens in exchange. With its unique combination of gameplay elements, Calvaria is sure to be one of the most popular games!
Calvaria, a free to play game, breaks the paid gaming mold by offering players NFTs as soon as they join. Therefore, players do not need any financial means or technical knowledge to play.