Many cryptocurrencies ended the last week’s trading with a significant recovery. The start of the new week is a bit uneven. Many coins are sometimes clearly in red. Solana, for example, falls in double digits, Ethereum and Bitcoin correctly by 2-3%. The total crypto market capitalization has had to fall by around 2.3% in the past 24 hours. Nevertheless, there may be opportunities again this week, both for short-term and medium-term investors.
Which cryptocurrency should you invest in now? Here are seven coins with different risk-reward ratios, so there should be a suitable cryptocurrency for every crypto fan.
1. Dash 2 Trade (D2T)
Dash 2 Trade is a new cryptocurrency whose pre-sale only started about two weeks ago. In a very short time, Dash 2 Trade has already raised over $5.5 million in capital. There is a demand from society. Twitter amassed over 45,000 followers in just two weeks – the growth is impressive and may also affect demand for pre-sales.
Dash 2 Trade has a good chance to go viral as a new cryptocurrency and is based on a promising concept. Because Dash 2 Trade is preparing to become a comprehensive trading platform for the digital currency market, which creates significant added value for traders – i.e. generates more profit. Included are, for example, trading signals, social media scores, sentiment, on-chain analysis, API trading, presale scoring and much more.
Here to Dash 2 Trade
2. Polygon (MATIC)
Over the past few days, Polygon has impressively demonstrated its relative strength compared to the overall market. Because MATIC pumped by 28% in the past few days. New collaborations regularly boost the Polygon rate. Momentum could also lead to an outperformance relative to the broader market in the next few weeks. On-chain data indicates significantly higher interest than other blockchains. At the same time, there are now over 53,000 dApps built on Polygon. The native token from the Web3 pioneer seems worth buying even after the current pump if you use short term profit taking to get started.
3. Chiliz (CHZ)
Despite a significant correction at the start of the week, Chiliz remains a coin with bullish momentum. The 4-hour chart shows an intact uptrend. Recent profit taking cools the RSI from the overbought state and makes an entry even more interesting. Shortly before the 2022 World Cup, the fundamental investment of all Sport Fan Tokens should continue to benefit from fundamental momentum. Further gains and a short-term price target of $0.30 seem possible.
4. IMPT.io (IMPT)
The IMPT.io presale has been going on for just over a month, and in that time over $12 million worth of IMPT tokens have been sold. The pre-sale is expected to end in the first quarter of 2023 – then the ICO should also be completed on time. Those looking to invest in IMPT now can get in early on a promising project that can benefit from the growth of ESG assets and optional trading of emissions, which are becoming increasingly important. Because that’s exactly what’s going on at IMPT.io – those responsible connect a sustainable shopping platform (over 25,000 affiliated partners, including Amazon or Microsoft) with blockchain-based emissions trading.
Buy IMPT cheap in pre-sale here
5. Litecoin (LTC)
With a price increase of around 25%, Litecoin (LTC) is one of the best performers this week. The all-time high for LTC was more than a year ago, the discount is currently 83%. The latest uppump has come with strong bullish volume. In the meantime, however, buying pressure is easing again and volume is falling. The RSI is in the heavily overbought mode and profit taking seems inevitable. If you want to speculate on a continuation of the Litecoin rally, you should wait for further bullish signals. Due to the existing attention, buyers could return en masse to LTC and pump Litecoin again in case of bullish impulses.
6. Calvary (RIA)
The RIA token could become an exciting investment for risk-averse investors speculating in crypto pre-sales in the coming weeks. With a current presale price of $0.025, book profit of over 100% is still possible in the crypto presale as the price is raised to $0.055. Even the first profit taking from early investors after an impending ICO should still lead to a positive ROI. In the medium term, the NFT trading card game dualistically targets demand from crypto players and conventional players, so a combination of smartphone app and P2E game should be established.
Here directly to Calvaria
7. Binance Coin (BNB)
Despite today’s correction movement of around 5%, Binance Coin was able to gain 20% in value in the past 14 days. A slight cooldown seems urgently needed in light of the overbought RSI. The correction could even extend a bit in the daily chart, but then also provide the chance for a lucrative entry.
Well-known crypto trader Michael van de Poppe announced bullish-only price targets for the next few months over the weekend. Here he sees the Binance coin at around $500, implying an upside potential of over 50%.