5 Tokens To Get Support from Bulls This Year

The cryptocurrency market has been quite stagnant for a couple of days now after an entrancing performance last week. Investors are now shifting their focus to long-term investments instead of just trading during days when the market is rallying.

We believe a few tokens have the potential to make it big in 2023, likely to be an outcome of strong support from the bulls. If you are looking for promising investments to add to your portfolio, here’s a list you don’t want to overlook.

Cryptocurrency Tokens To Get Support From Bulls This Year

1. Aptos (APT)

Aptos has displayed an astonishing performance since the beginning of the year, up by close to 300%. Although, the token’s performance has been quite sluggish for the past few weeks. While APT is currently trading at $13.52, it reached an all-time high less than a month back, touching $19.9 on January 30th.

The token is trading above its immediate support at $12.72 and will need to mark an increase of roughly 47% to challenge its all-time high. This will be possible once the immediate resistance level of $14.70 is reached and converted to support. If this happens, APT will be well on its way to crossing the $18.5 level and setting a new all-time high. As for what Aptos is all about, let’s take a brief look at the project.

Aptos Labs aims to create the safest and most reliable network possible with the Aptos blockchain. The company behind the project used Move, a programming language based on Rust to create a Layer 1 blockchain with high-level security, a parallel execution engine, and low transaction cost. This will help improve the scalability of the network and help bring Layer 1 to everyone.

Aptos mainnet was launched on October 17, 2022, and has received over $350 million in funding so far. It promises a theoretical speed of 160,000 transactions per second and has successfully handled millions of transactions in the little time it has been live. Such massive support from investors in so little time is a testament to the potential of the project, and if the support continues, Aptos could soon make it to the Top 25 cryptocurrencies from its position of 31 at the time of writing.

2. Polygon (MATIC)

The credibility of the Polygon network is no news for investors who have been following the market for a few years now. It has gained immense admiration, in part because of its features, but mainly because it is one of the only legitimate blockchain projects that could potentially outcompete Ethereum.

MATIC, the native utility token of the Polygon network, saw a strong increase recently, where it climbed above $1.25 and successively cleared the $1.30 resistance. The token marked a high of $1.57 a week back and soon underwent a correction similar to Bitcoin and Ethereum.

Currently, the token is trading at $1.34 and has been on a decline for about a week. This decline is attributed to being catalyzed by news from Polygon, where it announced laying off 100 (20%) of its employees.

MATIC shares a critical support level at $1.3 and an immediate resistance at $1.5. While the daily RSI has been tending towards level 50 after shortly staying in the overbought area. Breaking the $1.5 resistance has instilled hope for investors & many believe the token will gain increased support from the bulls as it trades at a price last seen 10 months back.

Polygon is a Layer-2 solution for the Ethereum blockchain that operates on top of it to make the network more flexible, scalable, and sovereign. While ensuring that it stays affordable, secure, and interpolable. The project was introduced in 2017 and has since become one of the favorite projects for investors to add to their portfolios.

3. C+Charge (CCHG)

The electric vehicle (EV) market has established a strong presence over the last decade and has been thriving over the last few years. Car owners are increasingly switching to EVs, given their low costs and benefits to the environment. But there are still a few critical problems associated with the industry that limit the adoption of EV vehicles.

C+Charge is an all-new project that is set to solve a major issue with EV charging payments; lack of uniformity. With so many service providers, navigating between multiple payment methods when charging your electric vehicle can be confusing and inconvenient. C+Charge will solve this by introducing a crypto token of its own, CCHG.

CCHG can be used to pay across charging stations, and whenever a user charges their vehicle with these tokens, they receive carbon credits in return. These credits can be sold as an NFT, or be converted to CCHG tokens, as the user pleases.

In addition to this, the platform also plans to establish a network of charging stations, as well as build charging stations of its own, to provide a seamless charging experience for EV owners across the globe, especially during long trips. The C+Charge app will also integrate a vehicle diagnosis feature that’ll inform a user about the health of their vehicle.

Investors can participate in the CCHG presale currently live on the C+Charge website, where tokens can be purchased for 0.017 USDT, soon to increase to 0.018 USDT as phase 4 ends. Once the project goes live on CEXs on March 31st, it is expected to attract strong support from the bulls, as it brings innovation to the EV ecosystem.

4. Fight Out (FGHT)

Fight Out plans to revolutionize the fitness industry by introducing a mobile platform where players can access informative fitness content and instructional videos. Every user will have a digital avatar that’ll display their respective physical characteristics to help the user stay motivated.

The platform has on boarded multiple professional athletes, who will host challenges in the physical gyms to be launched by Fight Out, apart from helping create instructional videos. Winners of these challenges will receive rewards in terms of REPS tokens, which can be converted to FGHT, the native token of the platform.

This move-to-earn approach from the platform is expected to motivate individuals to stick to their workout regimens while making working out fun. Investors can become a part of the project by joining the presale, where FGHT tokens are available for 0.0244 USDT. Get in on the project now before it gets listed on CEX for 0.033 USDT.

5. Metropoly (METRO)

Metropoly is an all-new crypto project that is set to change the real estate industry with its innovative approach. Metropoly gives users a chance to invest in real estate for as little as $100 and earn a rental income from their properties.

Users can fractionally purchase properties and don’t have to wait for 90 days to claim ownership, as is the case with traditional real estate markets. Every property is an NFT and can be owned in less than five minutes.

The project is highly sought out by investors, who are actively investing in the project’s presale, which has raised over $543,000 so far. Metropoly is also hosting a giveaway currently, where the winner gets a million-dollar apartment in Burj Khalifa, Dubai.

If you’re looking for the next revolutionary idea, Metropoly could be it. So far, it has attracted strong support from investors and is halfway through its fundraising goal of $1 million.

Conclusion

Bulls have been consistently eyeing the crypto projects mentioned above, looking for a perfect opportunity to get in. It’s only a matter of time before we see positive action from these tokens in 2023.

With that being said, it is important for investors to do their own due diligence and study a project in depth before making any significant investment. The cryptocurrency market is volatile and proper research is important to safeguard both your and your investments.

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