All eyes are on the largest cryptocurrency asset in the world, Bitcoin, following its breakout back above $20,000 in ‘Uptober’. Some notable crypto Twitter traders are now calling for a $28k – $30k price target, even if only as a bear market rally.
The sideways trading range of late 2022 has also led some investors to look at two new altcoin presales such as Dash 2 Trade (D2T) and Calvaria (RIA). With the ongoing uncertainty in the cryptocurrency markets, can these two new tokens deliver high growth by the end of the year and outperform BTC?
Bitcoin Regains the $20K Mark
Throughout 2022, Bitcoin (BTC) has dropped from $46K to a low of $17.5K – a price correction of over 60%. The overall crypto markets have experienced massive price corrections due to worsening macroeconomic conditions, rising inflation, and recession fears.
In June 2022, Bitcoin dropped below the $20,000 mark for the first time since December 2020. For the past few months, the popular cryptocurrency has been range bound as it failed to regain momentum over this crucial resistance line.
However, BTC and some of the top altcoins recovered during the last week of October 2022 – after speculation surrounding the United Kingdom’s decision to recognize cryptocurrencies as regulated financial instruments. Bitcoin increased from $18,450 on October 15th to $20,800 on October 27th – a 12.7% price jump.
Many traders and long term investors are now speculating on the possibility of Bitcoin continuing its upward momentum as we head towards the end of 2022.
Can Bitcoin Jump to $30K by Christmas 2022? BTC Price Prediction
While Bitcoin has recently increased in valuation, the cryptocurrency is facing network-related issues due to its Proof-of-Work (PoW) algorithm. On 23rd October 2022, the Bitcoin network’s mining difficulty increased by 3.44%. This took the mining rate to an all-time high (ATH) of 36.835 trillion hashes.
Therefore, there is increased pressure on Bitcoin miners to generate more computational power to achieve the same results. The hike has come at a time when Bitcoin has struggled to deliver high results – which reduces the profits that can be obtained by mining the cryptocurrency.
According to the 1-month pricing data, Bitcoin’s technical analysis places it in a ‘Sell’ zone. Data from TradingView indicates that the moving averages are a sell, while important technical indicators like the Relative Strength Indicator (RSI) are at a neutral zone.
Due to these factors, the Bitcoin price prediction by Christmas 2022 is fluctuating. While analysts from Coin Price Forecast expect the token to reach $27K by the end of 2022, the Changelly Blog predicts an average price of $21K by the same period.
Alternatively, investors can look to invest in one of the two upcoming presale projects – Dash 2 Trade and Calvaria.
Dash 2 Trade – Best New Cryptocurrency Project in 2022
While Bitcoin is experiencing turbulent times, investors are looking at alternative cryptocurrency investments. One of the best new cryptocurrency assets is Dash 2 Trade (D2T) – a crypto analytics and all-in-one intelligence platform.
The native cryptocurrency of the platform, D2T, can be leveraged to gain exclusive access to all of Dash 2 Trade’s dashboard features and trading signals. D2T token holders will access on-chain analysis and social sentiments through social indicators. For instance, the dashboard will offer trading signals by predicting the future price movements of tokens by analyzing social media trends and changes.
A social trading platform, Dash 2 Trade incorporates community-wide trading competitions that D2T token holders can access. For example, token holders can join weekly prediction tournaments, where the winners earn free D2T token rewards.
Allowing beginner and advanced traders to make well-informed trading decisions, Dash 2 Trade offers a backtesting feature to test out future strategies. Users can also access presale projects – which are individually ranked and scored by Dash 2 Trade’s experts. Some of the additional features include live cryptocurrency listing alerts, risk profilers, and auto-trading features.
According to the Dash 2 Trade whitepaper, the platform roadmap will make all of these tools available by 2023 – after the dashboard subscriptions go live.
Buy Dash 2 Trade Subscriptions with D2T
To gain the opportunity to access the Dash 2 Trade dashboard tools, investors must purchase D2T tokens. Platform users can access a free package or access exclusive features with D2T through two monthly subscriptions.
Here is a list of the three tiers available to purchase.
- Free Tier – The free tier gives users access to basic Dashboard features and market data terminals. Users can also access basic social metrics to help with their trading activities.
- Starter Tier – The starter tier will give users access to on-chain data and analysis. One can access social indicators, advanced on-chain data and backtesting features. Basic insights into presale launches are also supported through this tier. A monthly subscription of 400 D2T must be purchased to access the Starter package.
- Premium Tier – The Premium tier gives exclusive access to all of Dash 2 Trade’s tools and signals. Along with social sentiments, users can participate in trading competitions to win tokens and access in-depth reviews on new presale projects. This tier costs 1,000 D2T per month, while a yearly subscription will lead to a 20% discount.
Dash 2 Trade’s Ongoing Presale
To access the above-mentioned features, users can begin investing in the ongoing D2T cryptocurrency presale. An ERC-20 token, D2T, has a total supply of 1 billion – 700 million of which are available during the presale.
Aiming to raise $40 million, D2T distributes the allotted 700 million tokens through 9 presale rounds. Notably, first-round presale investors have the opportunity to experience a 39% price jump – as the token price will increase from $0.0476 to $0.0662 throughout the presale.
Currently, on stage 2 of the presale, D2T is available to purchase at $0.05 per token. After raising $1.66 million in the first round, the second round offers 70 million tokens in an effort to raise $3.5 million.
In total, the presale has already collected over $2.8 million. Once the amount raised surpasses $5.1 million, D2T will move on to the 3rd presale round. With the multiple use cases that the token offers to the Dash 2 trade users, D2T has the potential to increase after its exchange listing.
The D2T token has been KYC verified by CoinSniper, while SolidProof has audited the smart contract. One lucky investor can also stand a chance to win a $150K D2T giveaway by investing in the presale.
To keep updated with the ongoing presale and the D2T project, follow the Dash 2 Trade Telegram Channel.
Calvaria – Top New Play-to-Earn Cryptocurrency Game
Another alternative to Bitcoin is Calvaria – a new play-to-earn (P2E) cryptocurrency platform. Calvaria is a fantasy card game which allows players to compete in competitions and purchase various digital cards.
These Cards are minted as NFTs via ERC-721 smart contracts. The NFTs are based on the Polygon network – which has the capability to offer high scalability and low transaction costs, and high speed. Calvaria maintains its ecosystem with two cryptocurrencies – $RIA and $eRIA.
eRIA is the main in-game cryptocurrency – which can be leveraged on the game store to purchase new Card NFTs, upgrade your characters and access collectable NFT tokens. On the other hand, $RIA is the native cryptocurrency of Calvaria.
RIA can be staked to receive $eRIA tokens on the platform. After making a purchase with the cryptocurrency, 10% of the money spent is allotted to staking pools, while the remaining 90% is distributed among prize pools. The staking pools allow players to stake the $RIA tokens and earn daily rewards.
Offering multiple game modes, players can access single-player games, Player V Player (PvP) modes and compete in multiplayer competitions. Another key feature of this cryptocurrency is Calvaria’s decentralized autonomous organization (DAO) – which can be accessed by staking tokens. The DAO promotes decentralization among the players, who have the opportunity to vote on future updates and validate the network.
Buy $RIA on Presale
To access this exciting new cryptocurrency gaming mode, investors can buy $RIA tokens during the ongoing presale. From a 1 billion token supply, 30% of the supply is available to buy on presale.
RIA will be distributed via 10-presale stages, which will see the cryptocurrency increase in price from $0.01 to $0.055 – a 4.5x price increase. Currently, on stage 2 of the presale, RIA is available to buy for $0.017 per token. Investors can purchase the token with USDT, 1 USDT token equating to 66.6 RIA.
Over the course of the presale rounds, RIA looks to raise $9.75 million USDT. Follow the link below to learn more about the project and invest in the presale right now.
Der Beitrag Bitcoin Price Prediction 2023 – Will We See $30K Before Christmas? erschien zuerst auf Crypto News Flash.
