Best Altcoins to Buy Today 16th January – MEMAG, FXS, FGHT, LRC, CCHG, MANA, RIA, SAND

The cryptocurrency market has witnessed a 1% rise in worth prior to now 24 hours, with its complete cap reaching $1.02 trillion after a really robust weekend. This determine represents a 17% rise in every week and a 21% acquire in a month, as improved US inflation data and different welcome macroeconomic indicators counsel the start of the tip for 2022’s international downturn.

Even with the market-wide will increase of the previous few days, some cash have executed higher than others. This articles collects them into an inventory of one of the best altcoins to purchase in the present day, together with quite a few very promising new tokens which are at the moment holding their respective presales.

Meta Masters Guild (MEMAG)

Having launched its presale final week, Meta Masters Guild has raised simply over $250,000, a determine which means that the cryptocurrency market has already gained confidence within the play-to-earn gaming platform.

For the uninitiated, Meta Masters Guild is a mobile-focused gaming guild that can develop a spread of Web3 and play-to-earn video games. Its first title, Meta Kart Racers, is due to launch within the third quarter of the yr, from which level on it can preside over a gentle stream of future releases.

Its native token, MEMAG, can be used for governance functions, in addition to for staking and for buying objects and NFTs. Its sale may have a complete of seven levels, with the primary — and present — stage providing 1 MEMAG for $0.007. 

Hover, this value is due to enhance by 42% within the subsequent 4 days, giving traders solely restricted time if they need to make the largest potential revenue from the sale. They can take part by heading over the official Meta Masters Guild website and connecting their Wallet Connect or MetaMasks wallets. 

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Frax Share (FXS)

One of the newest entries into the top-100 cryptocurrencies by market cap, FXS has risen by a powerful 31% in a day. At $8.76, it is also up by 53% in every week, 97% in a fortnight, and 70% in a month, though the Ethereum-based governance token is down by 79% in contrast to its document excessive of $42.80 (set in January 2022).

Source: TradingView

FXS’ indicators reinforce the suspicion that it is at the moment having fun with a robust breakout rally. Not solely has its relative power index (purple) risen above 80 prior to now few days, however its 30-day shifting common (purple) is on the cusp of surmounting its 200-day (blue), one thing which normally indicators a really optimistic shift.

As the native token of the decentralized lending platform Frax Finance, FXS is benefitting from development in adoption of the latter. In explicit, Frax Finance has witnessed rising utilization of its staking service for ETH, with the frxETH token customers obtain in return for ETH changing into fashionable as a type of liquidity on (decentralized alternate) Curve.

Given that Frax’s ETH staking platform was launched solely in October, count on it — and FXS — to proceed rising within the close to future.

Fight Out (FGHT)

Fight Out (FGHT) is a move-to-earn platform that can combine real-life exercises with Web3 when it launches within the second quarter of the yr. It will observe and reward a a lot wider vary of exercises than earlier M2E platforms, together with boxing, weightlifting and yoga, whereas additionally providing a spread of in-app and IRL programs at its personal branded gyms.

Its token sale opened in December and has already raised over $2.9 million, with 1 FGHT at the moment promoting at $0.0166. The sale is due to finish by Q2 2022, which is when FGHT — and ERC-20 token — will record on exchanges.

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Loopring (LRC)

At $0.278754, LRC has risen by 11.5% in 24 hours, in addition to by 30% in every week. On high of this, the layer-two coin is up by 47% in a fortnight and by 30% in a month, whereas remaining 92% down from its ATH of $3.75 (set in November 2021).

Source: TradingView

LRC’s indicators present two issues: 1) it has gained severe momentum prior to now few days, with its RSI now topping 80; and a pair of) the truth that its 30-day common continues to be beneath its 200-day means its present rally nonetheless has loads of room left to proceed.

As one of many largest layer-two scaling networks for Ethereum, LRC is rallying largely as a result of it wants to make up for misplaced floor and proper its overselling over the previous yr. Indeed, with its complete worth locked in at $105 million (which is more than Cardano’s), it is behind solely Arbitrum, Optimism and dYdX when it comes to dimension (according to L2BEAT).

More broadly, Loopring has seen some wonderful adoption over the previous yr, with Gamestop selecting the community to launch its very personal NFTs in July.

C+Charge (CCHG) 

Aimed on the rising ranks of ESG traders in crypto, C+Charge (CCHG) is a peer-to-peer fee community for electrical automobile (EV) charging stations. Running on BNB Chain, it goals to use blockchain and crypto to democratize entry to carbon credit, with its native CCHG set to be used inside its community by EV house owners to pay to cost their autos.

As a part of its platform, C+Charge will reward customers with NFT-based carbon credit for charging their EVs at its stations, giving folks an incentive to go inexperienced. It has additionally already signed partnershps with Flowcarbon and with Perfect Solutions Turkey, including 20% of the EV chargers in Turkey to its community. This testifies to the seriousness of its intent, and of how rapidly it may find yourself rising when it launches later this yr.

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Decentraland (MANA)

After FXS, MANA is the best-performing cryptocurrency within the high 100 in the present day. At $0.679013, it has risen by 21% in 24 hours and by 80% in every week, whereas additionally being 100% in a month.

Source: TradingView

MANA’s indicators counsel an ongoing rally, with its 30-day common nonetheless ready to rise above its 200-day earlier than the present upwards motion begins to reverse.

MANA is rallying as a result of it has been oversold over the previous 12 months, with the coin nonetheless arguably very undervalued relative to its fundamentals. It stays one of many largest ‘metaverse’ platforms on this planet, with round 8,000 every day lively customers, according to its own figures.

Recent weeks have brought a range of new features for Decentraland users, together with upgrades to avatars, consumer profiles, and buddy request mechanisms. This all helps to make the platform extra user-friendly, and when mixed with Decentraland’s many recent partnerships, it was solely actually a matter of time earlier than it started rallying once more.

Calvaria (RIA)

Calvaria is a brand new play-to-earn battle card sport that is now within the remaining stage of its token sale, having raised almost $2.8 million to date. Only 11% of the accessible RIA cash stay, with the token due to record on such exchanges as LBANK Exchange and BKEX Global within the subsequent few weeks.

Set to be playable on PC and smartphone, Calvaria curiously would not require any cryptocurrency to play, though it does additionally embrace quite a few play-to-earn parts. This makes it extra accessible than pre-existing blockchain-based video games, and will open it up to a a lot wider viewers.

The sport itself is due to launch in Q2 2023, with its world set in a legendary afterlife. Characters can be animated in full 3D, whereas gamers may have the power to earn and improve a large ecosystem of collectible playing cards, which will even be used to battle with totally different factions within the sport’s universe. 

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The Sandbox (SAND)

SAND has gained by 10% prior to now day, reaching $0.693456. This marks a 40% acquire in every week and a 78% rise in a fortnight, with the metaverse coin additionally up by 47.5% within the final 30 days.

Source: TradingView

To a big extent, it appears that evidently the Sandbox is rallying for a lot the identical purpose why Decentraland is rallying. Namely, there’s an expectation that, with Meta (and other big companies) pumping so much money into the metaverse, pre-existing metaverse platforms such because the Sandbox (and Decentraland) are going to be among the many future’s large winners.

And SAND is arguably higher positioned than MANA to trip the rising metaverse wave, seeing as how the Sandbox reportedly has extra lively customers than Decentraland. It has additionally attracted extra exterior funding than its principal rival, with the backing of Softbank (amongst others) suggesting that the large cash has backed it to succeed within the not-too distant future.

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About the Author: Daniel