After a strong week that saw Bitcoin rise 5.23% and Ethereum rise 7.85%, cryptocurrency markets remained stable over the weekend. The market capitalization of all cryptocurrencies is currently $857.66B, up 0.03% over the previous day.
Bitcoin is still trading around $17,000 despite being rejected at the $17,400 level and other risk assets suffering severe losses due to today’s bad economic data, with US stock indexes falling between 1.3% and almost 1.86% as of this writing.
Earlier today, the producer price index (PPI) — which measures prices for goods and services before consumers purchase them— came back as 56.5, higher than the predicted 53.5. This is an increase from October’s reading of 54.4. Meanwhile, the Purchasing Managers’ Index (PMI) has fallen to 46.2 in November after last month’s 47.8 reading, while new business activity declined more than it has since May 2020.
Best Cryptos to Buy Today in Bear Market
Even though this news might not be good for Bitcoin and other cryptocurrencies in the short term, there are still lots of opportunities to invest in digital assets with great potential that have solid foundations. We’ve found these coins with high potential and created a list of five of the best buys today, December 5: D2T, AXS, IMPT, LTC, and TARO.
Dash 2 Trade (D2T)
For cryptocurrency investors looking for new opportunities that may capitalize on the FTX exchange failure, Dash 2 Trade’s D2T token could be an interesting option. What makes Dash 2 Trade unique is its social insights and community, social indicators, presale analytics tool, strategy backtesting, technical indicators, and social trading features – all of which are best-in-class in the crypto industry.
Dash 2 Trade is on its way to becoming a go-to for both long-term investors and short-term traders with these innovative features. The platform has received a lot of attention already and is only going to gain more users as time goes on. Since the website uses D2T tokens that are needed to access all areas of the site, this will result in an increased demand for the token. Right now, Dash 2 Trade is in its third stage of pre-sale and has raised over 8.5 million dollars so far and is over 97% complete in stage 3 before entering stage 4 where tokens will increase from $0.0513 to $0.0533.
Visit Dash 2 Trade Presale Now
Axie Infinity’s AXS token is up nearly 30% today with more potential room to go if the current pump holds up. The rally was sparked by announcements from the team for updates to the game, leading to a week-long rally that has culminated today in an even larger leap. As always, you decide to take a position, set trailing stop losses, and be cautious.
IMPT is the best coin for investors looking to get into environmental, social, and governmental (ESG) investing. The crypto asset is the native token for the IMPT.io project, which makes it easy to buy carbon credits.
IMPT.io will make it easy for people to purchase carbon credits to help the environment by offsetting their carbon footprints. The initiative boasts an affiliate network of over 25,000 companies including some big names such as Nike, Microsoft, Amazon, and Netflix.
The IMPT platform’s native token has had one of the best-performing token presales in recent months, raising over $13.4 million in just three months. If you’re looking to invest in a high-demand token with the potential to help make the world a better place, IMPT is the best option around.
Visit IMPT Presale Now
LTC continued its climb since Nov. 22 and is up 6.35% as of writing to trade at $81.58, with the market paying much more attention to one of the oldest cryptos in the past couple of weeks. There is a possibility for another leg up if wider market conditions remain steady, but any position in the market right now should be a cautious one in this volatility.
If you’re an investor searching for new opportunities in the gaming space, the TARO token from RobotEra is your best bet. Despite other projects like The Sandbox and Decentraland not doing well with low user adoption rates due to subpar gameplay, RobotEra is set to revolutionize the Web3 and metaverse gaming space with innovative game mechanics that give users various ways to make active and passive income in the game’s economy.
RobotEra is selling its TARO tokens at $0.02 apiece so far (set to increase to $0.025 in stage 2) and has raised over $370,000 total.
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