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Traders were left disappointed this Christmas when markets failed to experience the long-awaited Santa Claus gathering that sometimes accompanies the Christmas season. Bitcoin’s volatility index hit record lows on Dec. 25, setting a subdued tone for holiday trading.
It is believed that the lack of a rally was partly due to fear, uncertainty and doubt (FUD) surrounding centralized exchanges this year. Many risk-asset investors are also sitting on the sidelines to see how the huge interest rate hikes of 2022 and a looming recession will play out in the weeks and months ahead.
While the cryptocurrency market doesn’t look particularly hot at the moment, huge potential for growth in 2023 still exists. With that in mind, here are some promising altcoins that have upside potential in the short term or into the next year based on strong fundamentals, promising technical analysis, or both.
FightOut (FGHT)
The upcoming FightOut M2E app and gym chain has attracted investors, who have paid over $1 million during its week-long private sale. The success of the project is relentless as it continues to garner even more support with an impressive presale total of over $2.44 million raised so far.
FightOut stands out from other M2E apps with a host of features, but the most important is its ability to integrate any type of physical exercise – not just the steps taken. Moreover, users don’t need to break their budget by buying expensive NFTs to use this app; even better, they are rewarded for healthy living rather than activities like walking.
FightOut revolutionizes fitness tracking with new features, such as an interactive avatar linked to users’ physical performance in real time. This includes monitoring strength, cardiovascular endurance and muscle strength. FightOut will offer a vibrant online community where users can compare their progress to the progress of others in the app. And as users complete their goals, their avatars will also level up.
In late 2023, FightOut’s first gym will open its doors to customers with the promise of providing state-of-the-art equipment and services. Health bars, studios for rent and a coworking space are just some of the amenities guests can expect in exchange for their membership fee. On top of that, FightOut has an Ambassador Program where elite boxers and other world-renowned athletes will offer masterclasses and host special events.
The $FGHT FightOut token is attracting the attention of major investors with pre-sale bonuses of up to 25%. With strategic partners such as LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs providing financial and operational support, this project has all the elements needed to be a resounding success upon launch.
Visit FightOut now
Internet Computer (ICP)
Over the past week, Internet Computer has seen an acceleration in its upward momentum since a bullish engulfing candle on December 20th. Right now, ICP is trading at $3.886, which is 1.30% higher than yesterday and 4.61% higher than when the trend emerged.
Plotting an Inverted Fibonacci Retracement on its recent swing reveals areas that could act as potential resistance to this current trend.
At the time of writing, the price has moved up the inverse FIB 0.382 level of $3.840, which coincides with the daily 20 EMA. In order to maintain this trend, it is important that this important zone is maintained.
It looks like the FIB 0.5 level of $3.98 could be the next potential resistance point. Moreover, this price matches the psychological resistance at $4 and previously served as support on December 13-14.
When the price approaches the significant level of the RSI 50, a rejection of the RSI and FIB 0.5 level is possible. Traders are advised to wait for a confirmed breakout of $4 before entering a trade or practice risk management with tight stop losses anticipating the breakout.
Trade Dash 2 (D2T)
Dash 2 Trade has designed a revolutionary trade analytics and social sentiment tracking platform that could revolutionize crypto trading. By providing a range of innovative features and attracting users from the existing Learn 2 Trade community, Dash 2 Trade offers investors a remarkable chance to benefit economically after the fall of FTX – as traders clamor for tools that will prevent them from becoming fall prey to such inconveniences in the future.
By unlocking the full capabilities of the Dash 2 Trade platform with a subscription using D2T tokens, traders can receive trading signals, listing alerts for upcoming coins, and social sentiment indicators. Additionally, they will benefit from the presale token scoring system and a strategic back-testing tool that will allow them to test potential strategies before executing them in real time. The auto-trading feature makes it easier than ever to follow these strategies as it connects directly to exchange APIs, allowing traders to track their success rate and adjust trading settings accordingly.
Dash 2 Trade is making waves as it nears completion of its token presale, amassing an impressive $11.2 million in funding along the way. The Dash 2 Trade development team also announced that they are ahead of schedule and that the platform’s release is imminent. The first listing of the token is set for January 11.
Visit Dash 2 Trade now
Binance Coin (BNB)
Binance, the world’s largest cryptocurrency exchange by volume, has seen a skyrocketing number of withdrawal requests in recent weeks. It’s no secret that Binance is fighting against money laundering reports and insolvency rumors spreading on Twitter and other social media platforms.
Binance CEO Changpeng Zhao recently responded to user concerns on Twitter, saying that the recent increase in FUD (Fear, Uncertainty and Doubt) has nothing to do with reality. Meanwhile, BNB holders seem to have welcomed a recent email sent to Binance customers by Zhao himself, in which he attempted to reassure them about the security of their crypto assets within the Binance platform.
Trading sideways with declining volume over the past 10 days, Binance Coin’s price is at $243.7 at the time of writing and trading within the important $243-$247 support zone.
Taking a look at the RSI and MACD leading indicators, it is currently trading at RSI 38.52 – consolidating below the significant RSI 40 level. bullish crossover confirmed by the green candles of the last two years. days. Combining this with the fact that volume has been declining steadily over the past week, a move could be due for BNB.
The next key resistance level is the daily 20 EMA which may possibly coincide with the $251-$254 resistance zone from December 18-20.
C+Load (CCGH)
Join C+Charge’s public presale and be part of their movement to revolutionize electric vehicle charging while making carbon credits more accessible to electric vehicle drivers. This peer-to-peer payment system focuses on simplifying the charging process for EV owners, making charging their vehicles simple and seamless.
The electric vehicle industry is currently faced with a lack of charging stations, complicated tariff plans and limited information. C+Charge Network uses blockchain technology to bridge the gap between electric vehicles and independent charging stations. To make it easier for drivers to locate their nearest charging station, the C+Charge app will offer users reliable charging options at transparent costs, while users will also earn carbon credit rewards when they pay. refills. With this powerful tool in hand, EV drivers will have the ability to easily find charging stations and plan charging costs, enabling a new level of convenience and making switching to an electric vehicle easier than ever.
Take advantage of the C+Charge presale now to buy tokens at the starting price of 0.013 USDT. This price will steadily increase in four stages, eventually reaching its maximum cost of $0.02350 in stage 4. 40% of the total 1 billion tokens are available for public presale.
Visit C+Charge now
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