Five reasons crypto prices will stop falling soon and the five coins to buy before it does
It is no secret that the market has been volatile this year. The losses aggravated as the market sustained its bearish jaunt.
The meltdown has endured the passage of time, with many suggesting it might spill into the next few years.
Fortunately, that is not the prediction of many crypto experts and analysts and amid this depressing atmosphere, there are 5 coins to buy when cryptocurrency prices do soon stop falling. These coins are Dash 2 Trade, TARO, IMPT, and Calvaria.
Let us look some of the reasons why crypto prices will stop falling soon and why you will do well buying these aforementioned cryptocurrencies before it does!
Pleasing CPI data
Ever since the consistent skyrocketing of inflation, the Federal Reserve has increased interest rates many times this year alone. The endpoint of the Fed's hawkish stand has been an increase in the US dollar's value and a reduction in cryptos and stocks. There have been talks all over the place that the Fed has decided to reduce the pace of interest rate increases, and the issuance of the CPI data reveals that these rumours could be valid. According to the data, consumer prices are expected to rise by 7.7% in October, causing the cryptocurrency price to spike and a bullish trend to emerge.
The market's transparent run
Recently, FTX Exchange suffered a huge loss, and the company seems to have vanished from the crypto scene. Unfortunately, there are funds in there that belong to users who can no longer access them because withdrawals have been halted. Thus, this has led many cryptocurrency exchanges to take extra steps to reassure customers that their funds are safe. Crypto exchanges have been distributing proof of reserves so users can trust their brands. Last week, Binance Exchange mentioned that it intends to give customers access to proof of reserves in the next few weeks. Other crypto exchanges have gone ahead to make a similar announcement. Interestingly, Kraken already provides proof of reserves. This move will increase transparency in the crypto market, resulting in increased trust in users' hearts, increasing the number of users, and keeping the market functional and active.
There are rumours that Justin Sun will save FTX
The news of FTX's bankruptcy shook the market and ended the growing bullish sparkles. Binance refused to offer a helping hand to save FTX from bankruptcy. The market was thrown into a frenzy, and there was a lot of back and forth amidst traders with assets stuck on FTX. It was a disastrous one for FTX, but Justin Sun, the founder of TRON, appears to be lurking around to save the FTX exchange. The effect of FTX's crash has cluttered the market with bearish trends. The previous week's bullish trends are red after FTX's sudden meltdown. Justin mentioned on his Twitter page that he was searching for ways to help the FTX exchange and its users. No further details were shared, but this is a good statement for FTX and its users. The market might get pumped if Justin can restore FTX back to the cryptocurrency scene.
The rise of exciting and innovative coins
There are emerging new tokens with innovative intentions and schemes to sustain the market’s longevity. These tokens are shapeshifters. They will reshape the market's narrative by increasing participants and controlling the bullish and bearish trends. They will not saunter into extinction like some of their forebears. They will not threaten governmental institutions and the world at large. Rather, they will be widely demanded because they will be indispensable and priceless. Some of these tokens are IMPT.io, TARO and RIA. With coins like this, the market value will not drop drastically. Thus, following the rise of these tokens, you will admit that the cryptocurrency is not dead, and the present drop in the market’s value will stop and rise again.
The bullish trend recorded before FTX saga
Before FTX’s sudden crash, some positives were recorded in the market. This shows that the market will rise again but needs some time to reach its previous staggering height. Once the FXT saga is off the lips of the market vendors, the crypto value will rise again, and this time, the banquet will be much more immense than it was in the past.
While we are waiting for crypto prices to stop falling, here are some coins to buy in the wake of the current market conditions.
-
Dash 2 Trade
-
Robotera
-
Impt
-
Calvaria
-
EstateX (ESX)
Dash 2 Trade
Dash 2 Trade is one of the most exciting tokens out there. It is a new crypto project operating on the Ethereum blockchain. It is based on the native cryptocurrency D2T. It aims to assist traders in avoiding many poor trading decisions. It provides well-developed crypto trading tools that traders can rely on when making trading decisions. These trading tools include social sentiment analysis, strategy backtesting, on-chain analytics, and technical charting. Experienced crypto traders control Dash 2 Trade from the crypto signals service Learn2Trade, who have a good grasp of what instruments crypto traders need to use when trading so as not to be victims of the volatile market. It is on this list because many crypto experts and analysts highly rate it.
Robotera
Robotera is another impressive new crypto project in the space. It is an open-world multi-game metaverse of play-to-earn games where players from different parts of the world can compete and communicate with one another like a physical meeting. They can do this via their 3D virtual avatars, with features like emotes, voice chat, etc. Its native token, TARO, is one to watch out for. Buy it now before the market value increases.
IMPT
IMPT Token is a blockchain-centred crypto project seeking to assist individuals and brands in making impressive environmental changes. IMPT seeks to curb the danger that the energy consumed by cryptocurrency poses to the world's climate. Thus, it ensures that buyers and businesses can manage carbon credits via a blockchain-based scheme. It is one of those tokens considered to be the cryptocurrency market's future. Buy IMPT now; you will not regret it.
EstateX
EstateX is another impressive crypto project to invest in. It ranks as one of the best crypto presales to invest in this year. It drew the attention of a sizable social media audience, with over 5,800 followers on the official Twitter page.The intention of the project is an exciting and uplifting one. It seeks to make real estate investing less complex and more straightforward for people who are interested in going into estate management.
Calvaria
Calvaria ranks as one of the new crypto projects to have your eyes on. It is a virtual battle card game with influences from other games. It allows players to compete and get RIA, the native token, as a reward for winning competitions. RIA can be used to purchase battle cards and do so many other things within the Calvaria Universe. It is one of the coins to buy before the market value rises again.
This article is sponsored by FINIXIO
Author
Alan Draper
Clickout Media LTD
Based in the United Kingdom, Business 2 Community editor Alan is part of the team that’s responsible for ensuring all the content on our site is accurate, relevant and up-to-date.
