Cryptocurrency markets suffered a major setback in 2022 after peaking at the end of 2021. Bitcoin fell from an all-time high of $69,044.77 in November 2021 to $16,400 in November 2022, resulting in a drop of more than 76% in the middle of the FTX Collapse, pending bankruptcies and regulatory issues. With these concerns lingering, is the current rally likely to continue, and if so, what are the next big altcoins?
Despite the challenges in the market, many people remain hopeful about the future of cryptocurrencies as more and more investors show interest. For example, a recent survey by the deVere group found that 82% of millionaires with assets between £1 million and £5 million (US$1.23 million to $6.16 million) have sought cryptocurrency advice in the past 12 months – a telltale sign of their growing adoption.
The deVere Group study surveyed 560 high net worth individuals across the world, including in Europe, North America, Asia-Pacific, Africa and South America.
“Bitcoin is on track for its best January since 2013 based on expectations that inflation has peaked, monetary policies are becoming more supportive, and various crises in the crypto sector, including including high-profile bankruptcies, are now in the rearview mirror,” said deVere Group CEO and Founder Nigel Green. “The world’s largest cryptocurrency is up over 40% year-to-date, and that will not go unnoticed by HNW clients and others looking to build wealth for the future. “
Some experts believe that the current state of the market is simply the result of growing pains and that as the market matures and regulations are put in place, it will stabilize and continue to grow.
The Crypto Market Bull Case
One of the reasons for this optimism for cryptocurrencies is the recent influx of institutional investments. Wall Street titans like JPMorgan and Fidelity are now providing crypto-related services to their clients, which means growing acceptance of traditional financial firms.
PwC conducted an analysis in June 2022 which further highlighted this trend; almost a third of the 89 hedge funds surveyed had already started investing in digital currencies such as Bitcoin.
Additionally, blockchain technology, which powers cryptocurrencies, has a wide range of potential uses beyond just digital currencies. From supply chain management to voting systems, blockchain has the potential to revolutionize many industries, providing new growth opportunities for the technology and its associated cryptocurrencies.
So while the future of cryptocurrencies may be uncertain, it remains an exciting and potentially lucrative investment opportunity for those willing to take the risk of investing in the next big altcoin.
Smart investments: assess the risks, avoid scams and know the team
Before jumping into the crypto market, it is essential to understand and accept that there are risks associated with this type of investment. Since no one can predict which way the markets will move over time, only use the money you are willing to lose.
Also, be sure to exercise due diligence when selecting projects by always confirming that they comply with legal regulations and having trusted teams at their head before investing funds.
It is also essential to study the real applications presented by a project. Does the project provide genuine solutions to existing problems or does it simply capitalize on blockchain trends without delivering any real value? A company’s ability to deal with practical issues can have a significant effect on its long-term success and prospects for return on investment.
For those interested in potentially high ROI, cryptocurrency presales can be a great choice. With careful verification of the mentioned project and informed investment choices, pre-sales can offer excellent returns.
If you are trying to find digital assets that meet the above criteria and are good buys according to crypto experts, some options to consider are MEMAG, FGHT, CCHG, and TARO.
Meta Masters Guild (MEMAG): Next Big Altcoin in Web3 Gaming
Meta Masters Guild (MMG) has taken the mobile gaming industry by surprise with its brand new Web3 gaming guild, powered by blockchain and a decentralized community. MMG aims to provide a sustainable gaming environment, addressing common issues facing gamers today.
The platform will reward participants with MEMAG cryptocurrency and enable true ownership of game assets through an open economy. MMG promises to offer fair and transparent gameplay and will launch Meta Kart Racers, a PVP and single-player racing game for mobile devices, followed closely by other titles. Check out this game review by Jacob Bury for more info.
Crypto experts like Bury recommend buying MEMAG tokens in its presale, which has already raised an impressive $2.26 million in just a few weeks.
Fight Out (FGHT) is fighting for a spot as the next big Altcoin
Fight Out (FGHT) is a gym chain and app set to revolutionize the fitness world with its move-to-earn (M2E) initiative, where users can be rewarded with REPS tokens for achieving fitness goals. With a CoinSniper-verified team, FGHT takes fitness to the next level with its innovative gyms, including Web3 smart technology like mirrors that display digital member profiles and instant feedback sensors during exercise.
This Crypto Boy review gives a good overview of the upcoming app and the project in general:
With UFC stars Amanda Ribas and Taila Santos, and former WBO middleweight champion Savannah Marshall serving as ambassadors, FGHT has already raised $3.7 million in its pre-sale event and is offering up to 50% bonus on investments over $50,000.
C+Charge (CCHG) charges in EV space
C+Charge aims to revolutionize the electric vehicle charging experience through its blockchain-based platform. The platform provides a user-friendly payment system and rewards users with sustainable cryptocurrency.
It enables peer-to-peer transactions from crypto wallets, eliminating the need for traditional payment methods and their fees or delays. C+Charge’s real-time transparency feature shows users the cost of their charging session.
Check out this interview with crypto expert Ivan Kv and C+Charge CEO Ryan Fishoff.
The company has also partnered with Flowcarbon to offer tokenized carbon credits through the Goodness Nature Token ($GNT), which makes it easier for drivers to adopt electric vehicles and reduce emissions. Building managers can also track the energy consumption of individual electric vehicles using the app, prompting homeowners and businesses to install charging stations.
C+Charge tokens are available for purchase at 0.013 USDT per token before the presale ends, with prices increasing to $0.02350 per token.
RobotEra (TARO) Creating a New Era of World Building
RobotEra is poised to be the leader in metaverse era with its upcoming metaverse building game. The game caught the attention of crypto whales and the Web3 gaming community. Its user interface is designed to be very intuitive, allowing players to create and customize robots and environments without any programming skills. Players can also rent spaces to advertise or hold paid events.
This review by Crypto Gains discusses the pros and cons of the project:
The developers combine elements of virtual and augmented reality to transport players into a technologically advanced metaverse. The game will be accessible to all levels of skill and use non-fungible tokens (NFT) to allow players to own land, buildings, objects and robots.
TARO, the main in-game currency, can be used by players to cash in rewards and purchase items to help them create innovative games and earn even more rewards. The token presale has raised $792,000 so far.