On January 22, leading cryptocurrencies such as bitcoin and ethereum , are on the rise, jumping nearly 10% over the past seven days. Bitcoin is holding above $23,000, while Ethereum may trade above $1,650.
Bitcoin has experienced a significant upswing, and possible reasons for this phenomenon include whale activity, public purchases and the cryptocurrency’s potential to disrupt financial services.
The stability of the crypto market has returned after a long period of instability, and many people are now positive about the future of the coin.
Santiment reports that of the more than $1 billion in accumulations that have occurred in the past 15 days, the majority have come from 1-1,000 BTC transactions. Additionally, 83% of the hoards were whale coins with reserves of 1,000-10,000 BTC.
The most popular altcoins that win and lose
Aptos (APT) Optimism (OP) and ApeCoin (APE) were the most effective in the last 24 hours. APT rose more than 38% to $12.67, while OP rose nearly 20% to $2.30. Meanwhile, APE has gained just under 15% and is trading at $5.79.
Nexo (NEXO) down about 0.25% to $0.8299 in the last 24 hours. Pax Dollar (USDP) fell more than 0.28% to about $1, a Frax Share (FXS) fell about 1.75% to $10.50; however, FXS has gained over 59% of the dollar over the past seven days.
Bitcoin price
Currently Bitcoin is worth $23,178 and has a daily trading volume of $35 billion. Bitcoin’s market capitalization has increased by 5% in the last 24 hours to $446 billion.
On the daily timeframe, Bitcoin created a bullish engulfing candle, indicating the possibility of a continuation of the uptrend. If Bitcoin breaks the $22,750 barrier, it may aim for $24,000 or $24,550.
On the other hand, Bitcoin’s immediate support is at $22,500, and a further drop below this level could take it to $21,550.
Ethereum price
The price for the last 24 hours Ethereum amounted to 1,631 dollars, and the volume of trading – 8 billion dollars. On January 21, the ETH/USD pair met significant resistance near $1,680 and fell to find support at $1,610.
On the 4-hour timeframe, the ETH/USD pair has formed an ascending channel, signaling the possibility of a continuation of the bullish trend in ETH.
On the other hand, increased demand could overcome Ethereum’s resistance at $1,680 and push its price towards $1,750. On the downside, a bearish breakout of $1,600 could extend the selling trend to $1,560.
3 coins to look out for during the presale
The cryptocurrency market continues to grow every day. Presale coins often offer investors the opportunity to get in on the ground floor of a new project and take advantage of that project’s success as well as potential risks.
With that in mind, here are three coins to look out for during the presale.
Fight Out (FGHT)
Fight Out is a simple and inexpensive way to stay active. You can get expert personal training services at a low price by purchasing FightOut tokens. This means that even those on a tight budget can benefit from exercise.
Despite Move2Earn’s extensive feature set, their ability to assess physical and mental fitness, as well as their NFT Avatar component and social competition, sets them apart from other M2E programs.
Fight Out’s real-time performance tracking allows users to measure and track their progress in strength, cardiovascular endurance and more.
C+Charge (CCHG)
C+Charge is developing an innovative online payment system for electric vehicle (EV) owners. Users will be able to exchange their initial payment for credits that can be used to purchase carbon credits. The ultimate goal is to dramatically reduce the greenhouse gas emissions generated by car travel.
Given that the potential of this technology is truly radical, it has the ability to fundamentally change the market for carbon credits. This enables a wider range of businesses to participate while benefiting them.
VCM is expected to be valued at $100 billion by 2030, making it an attractive investment opportunity for businesses. The C+Charge presale raised nearly $353,420, proving that VCMs are in high demand.
Meta Masters Guild (MEMAG)
Guild Masters of Meta went from $200,000 to a whopping $550,000 in just a few days. This tremendous growth indicates that the public has a high level of confidence in the company’s future ability to prosper and generate profits.
In the third quarter of 2023, Meta Masters Guild will release its first mobile game. The MEMAG network has been around for some time and allows users to create and manage their own coins and trade on the open market. They also develop games where users can win prizes for participating, as well as games based on Web3, an Ethereum-compatible technology.
Currently, investing in MEMAG starts with the purchase of MEMAG tokens for $10. If you participate in the presale, you will receive one token for one cent; early investors will have limited opportunities to participate.
