Altcoins are trading in the red zone today. In the last 24 hours, Ethereum plunged by 2.58%, trading at $1,182 at the time of writing. Most altcoins have followed this bearish trend, with the global cryptocurrency market capitalization dropping to around $806 billion.
Despite the bearish sentiment, some token presales are doing quite well and can potentially deliver 10x gains. These tokens have robust fundamentals making them ideal short-term and long-term investments.
Altcoin prices crash today
All of the top-ten largest cryptocurrencies by market capitalization have made significant losses in the last 24 hours. The largest loser in this list is Cardano, which has dropped by 7% in the last 24 hours. At the time of writing, ADA was trading at $0.26. Dogecoin has also dropped by 6.68% to trade at $.077, while MATIC is down 5% to trade at $0.80 at the time of writing.
BNB and XRP have also made significant dips, dropping by 5.57% and 2.94%, respectively. The declines mirror the sea of red across the broader cryptocurrency market today.
Crypto prices have declined since the Federal Open Market Committee (FOMC) meeting that announced an interest rate hike of 50 basis points. This caused a retreat in both stock and crypto markets despite cooling inflation.
Moreover, the recent announcement by auditing firm Mazars that it would drop crypto firms, including Binance, as clients also caused a spike in selling pressure. The announcement stirred more fear and uncertainty in a market already facing dropping prices.
Token presales to invest in for a solid portfolio
As most altcoins trade in the red today, crypto investors are looking to invest in the best presales. Some top presales to add to your crypto portfolio include Dash 2 Trade, FightOut, and Calvaria.
Dash 2 Trade
Dash 2 Trade is a crypto signals platform with tools and features to help crypto investors make informed trading decisions. The Dash 2 Trade platform is almost ready for the beta launch as the development team is ahead of schedule.
The D2T presale is near completion. The presale has already raised more than $10 million, with more than 75% of the presale tokens being sold out. The token is already scheduled to list on exchanges in early 2023.
The other big presale happening today is for FightOut. FightOut is a move-to-earn platform seeking to bring fitness to the Web3 sector. The platform is unique from the other M2E platforms as users will not need expensive NFTs to get started.
The FGHT presale started recently, but more than $2.1 million has already been raised. Early investors are rushing to take advantage of the 50% bonus that will end after $5 million is raised.
Calvaria is a good presale to invest in if you want to diversify your crypto portfolio in the blockchain gaming sector. Calvaria is a play-to-earn battle card game seeking to bridge the gap between traditional and blockchain gaming. The project will have a free-to-play feature where users can access all of the game’s features.
The Calvaria presale is in the final stage, with more than 80% of the presale tokens being sold out. The presale has raised more than $2.47 million, and it will end after $3,075,000 has been raised.
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