FTM, the token that powers the high-performance smart-contract-enabled Fantom layer-1 blockchain protocol, has seen a stunning return to form this year. Some pre-Fed meeting profit taken has seen it slip back under $0.52 from the more than eight-month highs it hit above $0.55 on Tuesday.
But FTM/USD continues to trade up a jaw-dropping 160% since the end of December 2022, with the pace of its exponential rate of gains picking up over the course of January. Crypto markets have benefitted this year from a combination of bets that 1) 2023 will be a better year on the macro front as US inflation rapidly falls, allowing the Fed room to “pivot” to a more dovish stance and 2) that 2022’s bear market might now be over.
Of course, some analysts expect the Fed to knock cryptocurrency markets back by disappointing expectations for an imminent dovish policy signal. That could send Fantom back towards support in the $0.42-44 area. But bulls remain confident that Fantom’s continued impressive ecosystem growth rate and strong financial position, combined with a generally better macro backdrop, should support further upside in the months ahead.
If FTM can clear resistance in the $0.55 area (the late May 2022 highs), the door should open to a near-term run towards resistance in the $0.65 area, a low from late April 2022.
FTM Alternatives to Consider
Fantom has great potential in 2023, having already enjoyed a strong start. Many other altcoins of promising layer-1 protocols might also experience big upside (Cardano, Solana, Aptos, Avalanche etc.), assuming a continued resurgence in the market’s appetite for risk.
But investors looking for high potential returns should also consider another type of crypto investing – presales. Up-and-coming crypto projects often offer the tokens that will be used on their platform at a discounted price to early investors, using these funds to pay for their platform’s development.
Historically, investors who managed to invest in a successful project at its presale stage have seen the best returns. And the potential for returns is heightened when the market turns bullish and cryptocurrencies like Fantom are surging.
Here is a list of three presale projects reviewed by the team at Cryptonews.com that investors might want to consider.
Meta Masters Guild (MEMAG) – Stage 4 Nearly Complete
Meta Masters Guild is an up-and-coming mobile-based web3 gaming ecosystem that is developing a host of fun and addictive games. The games will utilize non-fungible tokens (NFTs), allowing community members to earn rewards, as well as stake and trade. The platform hopes to in the future host dozens of viral games. Its first game, Meta Karts Racers will be released later this year.
Meta Masters Guild is currently in the fourth stage of its presale of MEMAG tokens, with the presale already one of the hottest of 2023. In just a few weeks, the crypto start-up has already managed to raise a whopping $2.3 million via MEMAG sales. Investors should move quickly to secure their tokens before prices rise again in four days.
Visit Meta Masters Guild Here
Fight Out (FGHT) – Presale on Now
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. Fight Out, which touts itself as the future of move-to-earn, wants to change that in 2023.
Fight Out is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges, and competing within a first-of-its-kind fitness metaverse. While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, Fight Out takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part.
Fight Out seeks to combine the physical and web3 worlds. The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience. Meanwhile, at the center of Fight Out’s digital ecosystem will be its smartphone application which, according to Fight Out’s whitepaper, is scheduled for launch in Q2 2023.
The Fight Out app will harness smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, and can mint their own soul-bound token avatar, through which the user will be able to interact with the Fight Out metaverse.
FGHT is the token that powers the Fight Out metaverse ecosystem. FGHT can be used to pay discounted memberships to Fight Out’s gyms and digital products. Users will also pay to enter competitions and leagues with FGHT, and winnings will be paid out in FGHT and FGHT can be used in peer-to-peer fitness wagers.
FGHT is scheduled to list across centralized exchanges in April at $0.033 per token. Investors should move quickly, as if they secure tokens now, they could be sat on paper gains of around 100% by the time the crypto token lists on exchanges at the start of Q2. The project has already raised a massive $3.7 million and may well hit the $15 million hard cap prior to the scheduled end of the presale at the end of March.
Visit Fight Out Now
C+Charge (CCHG) – Presale Now On
The carbon credit industry is projected to be worth $2.4 trillion by 2027. Democratizing access to accrue these benefits is going to massive business in the years ahead and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow the drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to boost the role of carbon credits as a key incentive for the adoption of EVs. At present, large manufacturers of EVs like Tesla earn millions from selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to find themselves in the hands of the EV owners, rather than just the big businesses.
C+Charge has just started its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are currently selling for $0.013 each, though by the end of the presale, this will have risen by 80%. Investors interested in getting in early on a promising environmentally friendly cryptocurrency project should move fast, with the project having already raised over $500,000 in just a few weeks since the presale launch.
Investors should note that the remaining tokens could be scooped up quickly. A crypto whale recently scooped up over $99 worth of CCHG in one transaction, as can be verified here on BscScan.
Visit C+Charge here
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