The cryptocurrency market briefly regained positive momentum earlier in the week, but that did not translate into significant gains. Shockwaves coming from the collapse of FTX snuffed out the bullish spark.
Currently, the market is dotted in red and green amid an intense tug-of-war between bulls and bears. This means that investors must be very deliberate with the assets they buy this week. Tokens like Dash 2 Trade (D2T), Chiliz (CHZ), RobotEra (TARO), Litecoin (LTC), and Calvaria could be the fastest gateway out of the prolonged crypto winter.
Crypto Spot Trading Volume at Record Lows
Crypto markets performed relatively well in October before giving up most of the gains in the first two weeks of November. Despite the bullish correction last month, trading activity slowed, with the spot and derivatives volume performing below expectations.
It is feared that the FTX debacle could have far-reaching implications on the market – decentralized exchanges, for example, have seen a huge uptick in volume. Trading volume on decentralized exchanges has surpassed that of the whole month of October in just two weeks.
With that in mind, let’s look at today’s best-performing crypto assets.
Dash 2 Trade (D2T)
Dash 2 Trade is an Ethereum-based trading intelligence platform where investors can access real-time analytics and social trading data, all of which aim to help them make more informed trading decisions.
Having access to timely and accurate data gives market participants an edge over the rest. Dash 2 Trade can impact your market performance by empowering you with focused insight into metrics (on-chain and technical) – key to making trading decisions in crypto.
Dash 2 Trade is currently in the third stage of its presale and selling for $0.0513 per token.
The price of D2T will jump to $0.0533 in the next presale stage ahead of its listing on exchanges.
Visit Dash 2 Trade Now.
CHZ Price Prediction: CHZ Nurtures an Uptrend
Chiliz is among the few cryptos in the market that have maintained a bullish outlook since FTX imploded. Although bulls struggled with resistance at $0.23, CHZ managed to step above this level to trade at $0.24 at the time of writing.
The Moving Average Convergence Divergence (MACD) indicator upholds the optimistic outlook for Chiliz. In addition to a buy signal triggered when the 12-day Exponential Moving Average (EMA) (in blue) crossed above the 26-day EMA (in brown), the MACD sits significantly above the mean line.
Traders will prefer to wait until the price tags $0.26 for the first take profit target (TP-1) and TP-2 at $0.29 for the second take profit target. On the other hand, support can be found at $0.22 in case of a wider crypto pullback.
Also running on Ethereum, RobotEra (TARO) is a Sandbox-style Metaverse in which gamers can play as robots and participate in the creation of its virtual world. Its alpha version will go live by Q1 2023, with its ecosystem enabling users to create their own NFT-based land, buildings, and other in-game items.
TARO’s presale is underway and 1 TARO is currently selling for $0.020.
Within the first two weeks of the presale, the team has raised over $120,000. The price will, however, increase to $0.025 in the next stage.
Visit RobotEra Presale Now.
LTC Price Prediction: LTC Eyes a 19% Bullish Move
Litecoin’s price is on the verge of a 19.98% breakout that will see it attack seller congestion at $75.00. Its gradual recovery from last week’s support at $50.00 led to the formation of an ascending triangle.
This pattern is highly bullish and often marks the end of a downtrend. Traders usually place buy orders marginally above the triangle resistance at $63.00 to avoid fake breakouts. The breakout target equals the distance between the widest points of the triangle extrapolated above LTC’s breakout point.
The position of the MACD cements the bulls’ growing presence in the market. In other words, the path of least resistance is upward.
Calvaria (RIA) is a new video game that revolves around the collecting and trading of NFT-based cards, which can also be used to battle with other players and earn rewards. What differentiates it from other titles is that users will be able to play it without having to hold any crypto, something that could make it more accessible to more casual gamers.
Within its ecosystem, RIA will be used for purchasing in-game items and for staking, giving it a strong use case within its ecosystem. The presale for the token has raised just over $1.8 million and is currently in its fourth stage, during which 40 RIA can be had for 1 USDT.
Visit Calvaria Presale Now.