It’s been a tough final quarter the year in cryptocurrency markets. At current levels around $17,500, bitcoin is down around 10% since end of September, while Ethereum is down around 4% over the same time period. Cryptocurrencies had a promising start to the quarter, rallying in October, but the abrupt collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange and Alameda Research hedge fund triggered a big drop in crypto prices in November.
An easing in US price pressures as per the last two US CPI readings had spurred some hopes for a recovery in cryptocurrency markets in the second half of the quarter, with markets hoping that the softer inflation readings would encourage the Fed to back off from its policy stance of aggressively tightening monetary policy. While crypto prices are still substantially up from November lows, Fed Chair Jerome Powell did his best to kill the prospect of any crypto “santa rally” with his hawkish message at Wednesday’s Fed meeting, where he was keen to emphasize that the Fed will continue raising interest rates next year and that its inflation fight remains far from over.
The underperformance of blue-chip cryptocurrencies in recent months has spurred some crypto investors to consider alternative investments that might yield better short-term results. One investment strategy that has a history of delivering good returns, even during bear markets like the current one, is getting in on the pre-sale tokens of up-and-coming crypto projects. Here is a list of three major pre-sales that have been attracting significant investor interest as the end of 2022 approaches.
FightOut (FGHT)
FightOut is a brand-new move-to-earn (M2E) fitness application and gym chain that seeks to bring the fitness lifestyle into web3. The relatively new project has just launched a pre-sale of its FGHT token and has already raked in over $2.8 million (including $1 million in a privately placed pre-sale).
Commentators think FightOut could transform the existing web3 M2E landscape given that the soon-to-be launched fitness platform/application boasts an abundance of unique features when compared to its existing web3 competitors. While existing M2E applications such as StepN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, FightOut 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.
FightOuts FGHT token, which is set to power the FightOut crypto ecosystem, are currently selling for 60.06 per 1 USDT. Investors are advised to purchase their tokens soon if interested, given that the pre-sale price is likely to be lifted at some point.
Dash 2 Trade (D2T) – Presale Enters Final Stage
Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with its host of unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool. Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at highly discounted rates and sales recently surpassed $9.82 million. The pre-sale dashboard is going to be released on Friday, with the development team currently running ahead of schedule. Tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges in around one month.
Calvaria (RIA) – Final Presale Stage Now
Major blockchain-based games like Axie Infinity lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues.
Calvaria, an up-and-coming play-to-earn battle card crypto game, could be a good alternative. Calvaria seeks to boost crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calvaria’s RIA token pre-sale. Calvaria has now raised $2.45 million, with a crypto whale scooping up $97.5K in one purchase last week. The presale is in the final stage, with only 21% of tokens left.
Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Comments