It’s been a tumultuous week for the crypto market. After a low caused by the regulatory measures of the SEC, euphoria followed in the night from Wednesday to Thursday among investors, who apparently do not want to take the joy of the recovery rally this time. After the entire crypto market rose to more than $1.1 trillion in the short term, the situation is currently cooling off a bit. Bitcoin is currently down 1.9% in a 24-hour comparison, but at a high level of $23,976. Will the digital lead currency start the new week above the $25,000 mark?
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The total crypto market cap falls more than 1.3 percent to $1.09 trillion on Friday. After such a strong increase as on Thursday, that’s no wonder and a decline that would still be easy to cope with. Bitcoin managed to significantly increase its dominance to 42.3% as it outperformed many altcoins on Thursday and rose more than most major cryptocurrencies. What happens next is an important question.
Pretty much at the level of last August’s high, bitcoin was dismissed. A retracement is also perfectly normal after a rise of more than 10%, however, the last time the $25,000 level was tested, the price was then sent back down again. It remains to be seen if bitcoin will rally back above the $25,000 mark later today and then start the next week from there and further increases become possible.
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A picture is emerging on the hourly chart, as has often been the case in recent weeks: It looks as if the price will be driven up again in the afternoon when the Americans come into play. Most of the big price jumps this year took place in the afternoon/evening, which suggests that the US is even more optimistic about cryptocurrencies than the European market.
If that is the case again today and Bitcoin leaves the $25,000 mark behind, the price could fall by 1% again over the weekend, as is so often the case, and the key currency would still start at a high level on Monday, so that there would soon be a further increase 10% to the $27,000 to $28,000 range would be possible.
Failing that, it is possible for bitcoin to fall back into last week’s price range and as low as $22,500.
Guaranteed Book Profits on Altcoins
While it is not yet clear whether Bitcoin will be able to maintain last week’s gains, the situation is different for two coins that are currently still available in the ICO. Book profits are guaranteed here, and the higher you get, the higher you get. How is that possible? In the FGHT presale and the CCHG presale, the price will be increased at regular intervals until the two coins are listed on the crypto exchanges. That means whoever gets in before the price increase can already book a nominal profit. The price of the FGHT token is increased every 12 hours, while the price of the CCHG is adjusted weekly.
At fight out is a Move 2 Earn project that connects the Metaverse with the gyms. Those who train hard here in real life will be rewarded with REPS tokens and have the opportunity to develop their avatar to compete in tournaments and regular challenges FGHT token to earn. The FGHT presale has already raised more than $4.25 million and with the price increasing every 12 hours, the earlier you get in, the higher the nominal profit until listing. The coin is scheduled to list at 0.0333 USDT in April and is currently available for 0.02269 USDT.
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C+ batch is positioning itself in the growth market for e-mobility and would like to standardize payment at the charging stations for electric vehicles. This not only saves the drivers a lot of stress and nerves, but also gives them the opportunity to use the blockchain to receive the emission credits themselves, which previously ended up with the vehicle manufacturers. Owners of e-cars will soon be able to get part of their charging costs back with the CCHG token. The CCHG is currently still available in presale and will be listed on the first exchanges in March 2023. Here, too, several price increases follow before the listing, which means that you can already take a decent book profit with you.
Click here for the CCHG presale.
About the author: Manuel Lippitz has been an entrepreneur and investor for several years. After founding a number of successful companies, investing in a wide variety of assets became increasingly important to him. On his real estate blog he writes about life as a landlord and with the commissioning of his first own mining stations in 2020, he increasingly focused on cryptocurrencies & NFTs and the opportunities that come with them.
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