XRP, the native cryptocurrency of Ripple, has witnessed upwards price momentum since September 2022. Currently trading around the $0.50 mark, investors are speculating whether a rise to $1 is possible before the start of 2023.
But, the token’s volatile price movements due to its ongoing court dispute with the SEC make it an uncertain investment opportunity for some. Therefore, traders have been eyeing better cryptocurrency investment opportunities via presale investments in Dash 2 Trade (D2T), IMPT (IMPT) and Calvaria (RIA).
Can these three penny cryptocurrencies offer high returns before the end of 2023? Let’s find out.
XRP Price History
The native token of the Ripple network, XRP is a cryptocurrency that offers low-cost transactions and high scalability to banks and financial institutions. Currently the 6th largest crypto asset, XRP has a live market cap of $23 billion – trading at $0.45 per token.
However, the cryptocurrency is 88% below its all-time high (ATH) of $3.84 – set in January 2018. For the past few years, XRP has been involved in a long-drawn court battle with the Securities & Exchange Commission (SEC) – an independent agency created by the federal government to regulate the U.S financial markets.
In 2022, XRP faced high levels of volatility – dropping from $0.893 at the start of the year to $0.308 in June. However, the popular cryptocurrency has witnessed upwards momentum since September 2022. The price of XRP has risen from $0.3279 to a high of $0.534 by October 2022 – equating to a 62% price increase.
However, the cryptocurrency did not manage to stay above the $0.50 mark for long, correcting to $0.45 per token.
Can XRP Increase to $1? XRP Price Prediction
The lack of news emerging from the XRP vs SEC lawsuit has resulted in XRP’s price ranging in recent days between $0.45 and $0.48.
With no signs of further news until the next court meeting on November 15, 2022, XRP may experience uncertain price movements in the coming few weeks.
In the 1-month chart, the $0.48 mark has acted as a resistance barrier. After regaining this resistance line on October 26th, XRP has struggled to close above this mark.
As per the 1-month technical indicators on TradingView, XRP is at a ‘Sell’ zone. While the 100-day exponential moving average is at a ‘Buy’ zone, the 50-day and 20-day simple and exponential moving averages are at a ‘Sell’ zone.
According to Changelly, a crypto forecasting website, XRP may experience further sideways momentum until the end of the year. This platform expects the cryptocurrency to have an average price of $0.499, with a maximum price of $0.519 by the end of the year.
CryptonewsZ, another forecasting algorithm, expects the token to trade at similar levels. The website’s minimum price prediction is $0.30, with a maximum price prediction of $0.44 by the end of 2022.
Due to the unpredictability of this instrument, investors have begun speculating on the growth potential of some new penny cryptocurrencies. The sections below will discuss three new crypto investments currently on presale.
Dash 2 Trade – Best New Cryptocurrency Presale to Buy in 2022
Dash 2 Trade (D2T) is a crypto analytics and social trading platform that runs its ecosystem via D2T – the native cryptocurrency. Built on the Ethereum network, D2T is an ERC-20 token currently available to buy on presale.
Dash 2 Trade’s native cryptocurrency has a token supply of 1 billion – 70% of which is available to purchase via 9-presale rounds. To raise over $40 million, D2T is offering its native cryptocurrency asset at a cost-effective price.
Throughout the 9 presale rounds, D2T will increase in value from $0.0476 to $0.0662 – a 39% price increase. Currently, on stage 2 of the presale round, D2T is available to purchase at only $0.05 per token. Requiring a minimum investment of just 1,000 D2T tokens ($50), investors can invest in the presale before the 3rd round price increases to $0.0513 per token.
The stage 2 presale round is currently distributing 70 million tokens and is looking to collect $3.5 million.
In total, the presale has already raised more than $4 million and will move to round 3 after the funds raised cross $5.1 million.
Why Purchase D2T Tokens?
A popular penny cryptocurrency, D2T offers exclusive trading benefits and use cases to Dash 2 Trade platform members.
According to the Dash 2 Trade whitepaper, the platform’s dashboard gives D2T token holders access to a suite of trading signals, features and charts.
By leveraging D2T, investors can purchase monthly subscriptions to access the following platform features.
Social Indicators
The Dash 2 Trade website offers trading signals to investors by analyzing social sentiments, which are tracked using on-chain analysis. Socio-cultural price movements can determine future trading signals, which may help traders make more well-informed trading decisions.
For instance, the social indicators can analyze a crypto asset to track social media buzz and engagement – by monitoring the Telegram, Twitter and Instagram handles. These indicators can also track developer activities to release new signals to help investors.
Scoring System for Presale Projects
Presales are the first stage at which investors can access a new cryptocurrency project. However, investing in these particular projects can lead to high levels of volatility and may require a high-risk appetite.
The Dash 2 Trade platform will offer a presale scoring system – which will rank and assess each new presale project – allowing investors to gain all the necessary information before making a new investment.
Backtesting platform
D2T token holders can gain exclusive access to the backtesting platform – which functions as a strategy builder. Before investing any real funds, investors can access a platform which mirrors live market conditions.
On the backtesting platform, users can test out new trading strategies and evaluate the success potential of their investment. Apart from these features, the platform plans to incorporate an auto-trading feature, live crypto listing alerts, and risk profilers.
These exclusive features will be made available through the Starter and Premium packages – which cost a monthly subscription of 400 and 1,000 D2T, respectively. If you invest in D2T during the second round, the premium package will cost only $50.
Traders can also stand a chance to win a $150K giveaway by investing in D2T during the presale.
IMPT – New Carbon-Reducing Crypto Token on Presale
The next cryptocurrency that can be seen as an XRP alternative is IMPT – a carbon-reducing blockchain-based project.
By leveraging blockchain technology, IMPT offers tokenized assets representing CO2 emissions to be eradicated from the atmosphere.
Termed ‘Carbon Credits’ – these assets are mined as NFTs on the IMPT network. Investors can purchase Carbon Credit NFTs with IMPT – the native cryptocurrency. The cryptocurrency offers IMPT tokens through its shopping platform – which offers IMPT cashback.
IMPT has partnered with hundreds of global brands aiming to reduce their carbon footprint. Each brand sets aside a portion of the sales margin, delivered as IMPT tokens to customers. After collecting enough tokens, users can exchange their holdings for Carbon Credits.
The Credits can either be traded or burnt by the holders. Burning the NFTs will remove their existence from the blockchain and effectively remove the emissions they represent. The IMPT whitepaper plans to develop a social platform that will assess each individual’s contribution to reducing their carbon footprint.
Throughout 3 presale rounds, IMPT is distributing 60% of its 3 billion token supply.
The first presale round sold out 600 million tokens – raising $10.8 million – in just three weeks, four weeks ahead of schedule.
The second presale round will sell a further 660 million tokens. Interested readers can buy IMPT during the ongoing second round for $0.023 per token.
Calvaria – New Play-to-Earn Penny Cryptocurrency Presale
The next potential alternative investment to XRP is Calvaria (RIA) – a new play-to-earn cryptocurrency on presale.
Calvaria is a fantasy game which lets players compete in tournaments by purchasing Battle Cards – NFTs minted using ERC 721 smart contracts.
This newly launched crypto platform uses an in-game cryptocurrency (eRia) to purchase NFT and virtual items, along with a native token (RIA), to monitor the ecosystem.
Platform users can stake $RIA tokens to leverage the eRia cryptocurrency to purchase and upgrade battle cards. Players can access single-player and multiplayer tournaments, where the top performers earn crypto rewards. $RIA can also be staked to gain voting and decision-making access on Calvaria’s DAO (decentralized autonomous organization).
Calvaria is hosting a 10-stage presale, where 300 million tokens can be purchased.
With a hard cap target of $9.75 million USDT, the presale is on stage 3 and 1 USDT can be leveraged to purchase 50 $RIA – at a price of $0.02 per token.
The presale has already raised more than $1 million and by the final presale round tokens will cost $0.055, a 175% increase from the current price.
Der Beitrag XRP Price Prediction: Is $1 Possible Before 2023 Or Are These Penny Cryptos Better? erschien zuerst auf Crypto News Flash.
