It has been a volatile week for cryptocurrencies, especially Bitcoin and Ethereum, which rose following the optimistic CPI report, only to see the gains wiped out overnight.
Bitcoin, the largest crypto by market cap, dropped almost 4.3%over the last 24 hours and is now hovering around the $16,700 mark based on CoinGecko data. The bears have also regained control of the flagship crypto weekly. The cryptocurrency has been down 2.4% over the past seven days.
On the other hand, Ethereum has plummeted almost 7.4% in the past day, according to CoinGecko. It is still approximately $200 from falling into the three-digit territory, trading at just over $1,183. Over $117 million in levered positions across the entire crypto market have been blown out, with Bitcoin and Ethereum making up most of those positions.
More than 92% of all liquidations over the past 12 hours were blown out of long positions, with the carnage coming fast on the heels of the Tuesday CPI report suggesting that hot inflation in the U.S. may be cooling.
On Tuesday, the U.S. Bureau of Labor Statistics revealed that inflation was still soaring based on their measurements. However, the pace at which it rose was lower than October’s measurements. This shows the Federal Reserve’s hawkish moves to hamstring rampant inflation have borne fruit.
JUST IN – US CPI comes at 7.1% in November 2022
Previous was 7.7%, Expected was 7.3% pic.twitter.com/QTM0QNGedD
— Crypto India (@CryptooIndia) December 13, 2022
The Consumer Price Index (CPI) measures the rate of change in the price of goods. The rate surged in November by 0.1%, lower than how fast commodity prices rose in October when the CPI report indicated the rate rose by 0.3%.
The market was quick to respond, with stocks and cryptocurrencies rising in anticipation that the Fed’s continued rate hike would slow. Nevertheless, with inflation year-over-year over a striking 7.1%, the Federal Reserve’s job is just starting. A day after the release of the CPI report, the central bank indicated that it would continue to tighten rates, walking the figures back to 0.5% as opposed to the 0.75% hike.
Accordingly, the cryptocurrency market has dropped by 5.30% in the past 24 hours, bringing the total market cap to $838.88 billion. This represents a 5.7% dip in a week and a drop of 2.7% in a month.
While the prices are down on average, several coins have posted some notable gains in the past day and week. This article explores them with a compilation of the biggest crypto gainers today, including Argentum (ARG), MaidSafe Coin (MAID), FightOut (FGHT), Dash 2 Trade (D2T), Calvaria (RIA), and RobotEra (TARO).
Biggest Crypto Gainers Today
1. Argentum (ARG)
As Argentina’s star forward Lionel Messi tore through the defenses every time they faced during the World Cup in Qatar, the heart rates of the team’s fans were not the only thing exciting. With every goal, yellow card, penalty, draw and win, the Argentine Football Association (AFA) fan crypto token (ARG) spiked and dipped in price.
The $ARG token was the first crypto coin developed for a national team following a commercial agreement between Socios.com and AFA in June 2021. The value of the $ARG has rocketed from $2 to $6.42 since it was developed as the association’s official fan crypto token. Since the World Cup competition began, the coin fluctuated in value by riding on sentiment about the overall performance of the Argentine national team.
With a market cap currently valued at over $24.44 million, ARG coin holders will likely win against France in the World Cup final and make some money. Besides its potential investment value, owning the token gives fans access to decision-making within a club, which means they can vote for the team’s slogan. Anyone holding at least 75 $ARG tokens (roughly $500 at the time of writing) is entered into a competition to win Messi’s jersey.
The actual correlation between Argentina’s World Cup performance and the value of its ARG coin is easy to parse, with the $ARG peaking at just under $9 on November 18, four days before Argentina played its debut match against Saudi Arabia. When Argentina lost that game, the $ARG plummeted in value from around $7.20 at the beginning of the match to $4.96. After the team’s win against Croatia on Tuesday, the $ARG token price hit a peak of 70% from the start of the match, reaching $5.5.
??? ¡¡¡SOMOS FINALISTAS!!! ??? pic.twitter.com/5b2HpMg9tF
— Selección Argentina ?? (@Argentina) December 13, 2022
Now that Argentina has made it to the finals and will be facing France on Sunday, December 18, ARG price bulls eye 35% more gains in the near term.
ARG/USD 12-Hour Chart
Today’s ARG price is $6.7, up 7.82% in the last 24 hours, with a 24-hour trading volume of $48,016,432. Based on the 12-hour Chart, ARG price has been bullish since the start of the month. The bulls are currently in control of ARG price as the countdown to the final match against France approaches.
ARG price currently stands on the support at the $6.7 level, which also acts as a resistance. If the bulls break this level, ARG price may swing 35% to target the following price at $9.2. The RSI indicator shows that the ARG token is overbought, adding credence to the thesis that the Argentum fan token may break out.
2. MaidSafe Coin (MAID)
MaidSafe is a fully decentralized platform on which developers can build decentralized applications. Individual users, who contribute storage, computing power, and bandwidth to form a worldwide autonomous system, make up the network.
Safecoin can only reside within the SAFE network and will be stored in a user’s wallet and used in exchange for network services, such as increased storage space and access to network applications.
MAID/USD Daily Chart
MaidSafeCoin is currently worth $0.148, having moved –3.34% in the last 24 hours with a trading volume of $15,955. MaidSafeCoin is currently ranked 152 amongst all cryptocurrencies, with a market capitalization of $70,172,133.
The MaidSafeCoin price is determined by supply and demand on MaidSafeCoin exchanges. The MaidSafeCoin project is an innovative decentralized network that provides privacy and security for its users. The future price of MaidSafeCoin will depend on the success of the MaidSafeCoin project in attracting users and developing the MaidSafeCoin network.
From the last seven days, the MAID price was in an excellent upward trend and increased by 61.7%. MaidSafeCoin has shown solid potential lately, and this could be an excellent opportunity to dig right in and invest. In the past 30 days of MAID price history, the token has increased by 32.542% in its value, with an average minimum price for the month being $0.095 while the maximum average price was $0.10. This indicates that this coin is a suitable asset and a new addition to your portfolio of coins for the long term.
3. FightOut (FGHT)
FightOut is another top choice, and investors appear to agree. The project has already raised more than $2 million in less than a week since its launch, and tokens are selling for just $0.016. This December, FightOut raised over $1 million in its 7-day private sale and is rapidly gaining pace in round one of its public sales.
The health and fitness industry has vast potential, with a valuation of $96 billion in 2022 based on estimates by Statista. Boasting a stunning and ambitious fundraiser of up to $100 million, the FightOut app and gym chain is poised to upend one of the world’s most valuable growth industries.
$1000 | 15 JUTA RUPIAH IN 9 DAYS ?
– $500 ? RT & Follow @FightOut_
– $500 Bonus ? Join TG (Post Proof)
— jihan ? (@jihanicorn) December 16, 2022
Investors and analysts remain bullish on the FightOut project as inspired by its highly ambitious plans, which will not only push move-to-earn (M2E) technology further than it has been before but because FightOut plans to open Web3-integrated gyms in key locations around the world.
$FGHT is the access token of the FightOut project, a Web 3.0 fitness app and gym chain combining real-life workouts with competing in the metaverse – a global pioneer. The FGHT token is on sale now for $0.01665002 (60.06 = 1 USDT) with no minimum or maximum purchase amount.
Other than transforming the, up to now, dominant Web 2.0 setup, FightOut is also committed to overcoming weaknesses it has identified with Web 3.0 Move-to-Earn as currently implemented by projects such as STEPN.
At the center of the platform is the FightOut smartphone app, where phone and smartwatch-based technology will, in the first instance, be harnessed to measure and track physical performance.
The FightOut subscription service has two tokens – $FGHT and REPS – which can be used to sign up as an ordinary fiat currency. To underpin the economics of the $FGHT token, there will be a 25% discount for those who buy their subscriptions with $FGHT.
Noteworthy, Transak, LBank Labs, BlockMedia Labs, and Cryptonews.com back the project.
4. Dash 2 Trade (D2T)
Dash 2 Trade is arguably the best crypto presale in the industry today, presenting a massive opportunity as an investment and a platform that provides users with tremendous value throughout their life as traders or investors.
✔️Overview of presale tokens that provide insight into unique projects
✔️A‘Dash Score’ assessing the general quality of a presale token along with fundamental metrics to measure the credibility of a project
— Dash 2 Trade (@dash2_trade) December 15, 2022
This crypto analytics and intelligence platform are in the final presale phase, having managed to raise a striking $500,000 within just 24 hours of its presale going live. As the hype surrounding Dash 2 Trade continues to build, the demand is also growing and has now raised $9.75 million.
The Dash 2 Trade presale was initially supposed to run for nine stages, but the Dash 2 Trade team has decided to bring the protocol to market much sooner than first anticipated. The D2T presale will now last just four presale rounds with only 262.5 million tokens allocated – and more than 170 million already sold.
In the final presale phase, the project’s D2T tokens sell for $0.0533 each. That means less than 90 million tokens are available before D2T reaches exchanges. So far, LBank and BitMart have already announced listings, with many other exchanges expected to follow in the coming weeks.
5. Calvaria (RIA)
Calvaria is an upcoming NFT battle card game whose key highlight is a vibrant theme centered around the afterlife. It opens rich creative possibilities, as gaming has rarely explored the afterlife. Currently, Calvaria is offering RIA tokens on presale. The first four stages sold out quickly, putting the project on the fifth and final stage, where tokens sell for $0.0325.
— Calvaria: Last Stage Presale is Live! ✨ (@CalvariaP2E) December 12, 2022
Analysts will outperform leading crypto games already in the market today. The fast-moving RIA presale has confirmed the speculation. Retail and whale investors continue to stock up on the RIA tokens before the price takes off and more than $2.45 million of seed funding is quickly secured.
The Calvaria game allows players to earn rewards and govern the ecosystem. With its two native tokens, eRIA and $RIA, Calvaria rewards players with eRIA tokens for winning tournaments and game participation. Moreover, collectible NFTs and higher-level cards can also be purchased using the eRIA tokens.
On the other hand, the RIA tokens are used for governance and staking. Accordingly, RIA holders can ensure that the ecosystem functions properly by voting on critical matters concerning the platform, thereby being part of those who decide its future. RIA tokens are also used for staking, as investors can lock them up and get daily rewards in return.
The ecosystem also features a DAO and scholarships to stimulate engagement and participation. Join the Calvaria giveaway on Gleam to stand a chance to win up to $100k.
6. RobotEra (TARO).
RobotEra is a newly launched crypto presale project that integrates play-to-earn (P2E) gaming, non-fungible token (NFT) ownership, and building and monetizing metaverse land plots. The project was unveiled in November 2022 and is still in stage 1 of its presale, where the native token, $TARO, has already raised over $550,000.
? Calling All Crypto Lovers! ?
? Robotera presale is now live! ?
— RobotEra (@robotera_io) November 9, 2022
TARO tokens are now available to investors in the first stage of the presale for just $0.02. Once the second stage of the presale begins, TAR will sell for $0.025. In stage three of the presale, which will also be the final stage, TARO will have appreciated by 60% – and will be going for $0.032.
A limited tokens supply is set aside for the presale at 1.8 billion. RobotEra has allocated only 90 million tokens to each stage of the presale, which translates to only 270 million tokens (15% of the supply) available now before the tokens are listed on exchanges.
Players can use the TARO token to buy and customize robot NFT avatars. Other use cases include reconstructing the destroyed Taro planet by purchasing and building on metaverse plots of land.
FightOut (FGHT) – Newest Move to Earn Project
- Early Stage Presale Live Now
- Earn Free Crypto & Meet Fitness Goals
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