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Markets continue to reel under the effects of the global financial crisis, which was initiated by the collapse of three crypto-friendly banks early last month. The winding down of the Silicon Valley Bank and the Signature Bank as well as the “voluntary” closure of the New York-based California-based Silvergate Bank, caused financial turmoil in the financial sector, which snowballed into the digital asset market.
Although the United States government has promised to help in bringing the situation under control, it is faced with about $23 billion in costs from bank failures. As such, the Federal Deposit Insurance Corporation (FDIC) has proposed shifting a greater-than-usual portion of the responsibility to the country’s largest banks.
REMEMBER!!
We will see 1 of strongest Blow-Off Tops in history 🚀🚀
When TOP is reached we will see LARGEST CRASH SINCE 1929 develop over coming years. MASSIVE RECESSION!
Banks and Pensions Funds will require BAIL-OUTS!
Financial Crisis will be dwarfed by what is coming! pic.twitter.com/3UdhxbJeQu
— Henrik Zeberg (@HenrikZeberg) April 2, 2023
Despite this, investors’ trust in the traditional banking system is eroding, prompting many to turn to the emerging crypto market.
But things are not rosy in the crypto market. Last week has been dramatic beginning with the United States Commodities Futures Trading Commission (CFTC) bringing a lawsuit against the largest exchange Binance and its CEO Changpeng Zhao for violating commodities and derivatives laws.
On March 29, the US Securities Exchange Commission (SEC) announced that it was suing Beaxy.com and its founder for failing to register the exchange and running an unlicensed broker, and clearing agency. The crypto exchange wound down its operations in the country after that.
Despite these negativities, Bitcoin (BTC) price produced the best monthly close since June 2022, ending the month of March at %28,474 on Coinbase. At the time of writing, the market is flashing red with Bitcoin and Ethereum down 0.26% and 0.59% to trade at $28,296 and $1,812 respectively. The total crypto market value 0.05% in the last 24 hours to stand at $1.18 trillion.
However, not every asset is turning down, suggesting investors are paying attention to some of the biggest crypto gainers on Sunday, April 2. For example, Injective (INJ) is up by 6.8% and trading at $5.0 while Zilliqa (Zil) has added 5% to its market value in 24 hours to exchange hands at $0.03116.
Injective Price Bulls Eyes A Trip Above $6.0
INJ price stuck out with an engulfing candle on Saturday on the daily chart. Apart from the mild pullback being experienced at the moment from yesterday’s high at $3.4 to Sunday’s intraday low at $4.96, the Layer 1 token has sustained a bullish outlook since March 9.
From the chart below, the Injective price is trading above its weekly open of $3.80, the ascending but accelerated trendline, and the previous stubborn resistance at around $4.85, highlighted in the upper yellow band.
INJ/USD Daily Chart
The token also sits above all the major moving averages, starting with the 200-day Simple Moving Average (SMA) (the line in purple), the 100-day SMA (the line in red), and the 50-day SMA (the line in yellow), which is a bullish signal.
The Moving Average Convergence Divergence (MACD) indicator is moving above the zero line in the positive region. The call to buy Injective that was sent on March 30 when the MACD line (blue) crossed above the signal line (orange) was still in play, adding credence to the bullish outlook.
Buyers are facing the toughest challenge at the moment; to break the seller congestion level at $6.0 which will likely pave the way for an upswing to $10. To do so, they must start by upholding support at $4.85 to avoid any chances of a pullback.
A break and hold above $0.50 is crucial for the continuation of the uptrend and bulls must capitalize on the momentum created as Injective launched a Layer 2 testnet for Solana-based apps in Cosmos.
In a tweet, the team behind the crypto said that together with Eclipse, they had “released Cascade: the first ever Solana SVM rollup for the IBC ecosystem.”
1/ Injective with @EclipseFND has released Cascade: the first ever Solana SVM rollup for the IBC ecosystem 🚀
Cascade brings the $9 Billion+ @solana developer ecosystem to @Injective_, enabling a new age of hyper scalable multichain dApps.https://t.co/mhEhmSqn9I
— Injective 🥷 (@injective) March 30, 2023
According to the official announcement:
“The integration will bring the Solana Sealevel Virtual Machine (SVM) into the broader Cosmos world, enabling Solana developers to rapidly deploy their Solana contracts and dApps onto Injective.”
As such, developers will now be able to run their projects seamlessly in a truly multichain way across Solana and IBC.
Zilliqa Flashes Above The March Opening As Bulls Seek Higher Levels
Market participants are also paying attention to ZIL, the 85th largest crypto, boasting $491.74 million in market capitalization. It is trading 4% up on the day at $0.03083 with its $294 million in trading volume rushing in during the 24-hour period.
Based on the daily time frame chart, Zilliqa price has pushed above both its monthly open and the weekly POC (point of control). Now, bulls are required to bring down resistance at the $0.0312 level to keep the uptrend intact.
ZIL/USD Daily Chart
Traders may want to closely watch ZIL’s reaction to the previous month’s VAL at $0.30. where the 50-day SMA lies and the previous month’s POC at $0.028. A break and hold above these two key levels would open the door to gains, eyeing Sunday’s intraday high at $0.0327 as the ultimate short-term target of $0.0373 comes into the picture. This would represent a 21.3% ascent from the current price.
Before you buy INJ and ZIL, you may want to check out some of the best altcoins to buy for 2023. Inside Bitcoins has put together a list of new blockchain projects, making up the list of the best crypto presales to consider buying for 2023.
Among these are Love Hate Inu (LHINU), Deelance (DLANCE), Metropoly ( METRO), ECOTERRA, and RobotEra (TARO).
Love Hate Inu (LHINU)
Love Hate Inu is a novel vote-to-earn (V2E) platform that enables users to earn crypto rewards by participating in polls and surveys. This revolutionary V2E project rides on the appeal of existing meme coins like Dogecoin, Tamadoge and Shiba Inu while offering a practical use case for the voting system.
As a Love Hate Inu user, you will have the opportunity to express your opinion on all kinds of topics from economics to politics, sports, nutrition, music, and controversial figures such as Andrew Tate and Elon Musk.
Thanks to its V2E ecosystem built on the Ethereum blockchain, participants can vote in a secure, unbiased and transparent environment while earning crypto rewards in the process. However, voters are required to stake $LHINU tokens for 30 days, ensuring the security of the system.
Love Hate Inu uniquely blends the hype in the meme coin sector of the crypto economy with robust elements of an open yet secure voting process. Riding on these aspects, LHINU could take on larger meme coins like DOGE and SHIB.
Love Hate Inu has a total supply of 100,000,000,000 LHINU tokens. The team has resolved to offer 90% of the total circulating supply in the presale stages as a way of preventing the risk of a rug pull.
Investors can grab LHINU tokens in an ongoing presale at $0.000095. It is worth mentioning that only 6 days remain before the next stage comes and the price rises to $0.000105. As interest in Love Hate Inu explodes, more than $2.4 million has been raised in the fast-selling presale.
Announcement #LoveHateInu squad!📣🎉
We have just hit $2.4 million in our #Presale! 🤯🤑
Get involved with our #Memecoin community and join our presale now!🤩
Huge announcement once we hit $3M 👀 https://t.co/Pu2Bo8WOUy #CryptoCommunity #AltCoins #Donaldtrump #Trump pic.twitter.com/pcijef1xjc
— Love Hate Inu (@LoveHateInu) April 1, 2023
DeeLance (DLANCE)
DeeLance is a decentralized blockchain-powered platform transforming the interactions between freelancers and their prospective clients.
Experience a new level of transparency and security with #DeeLance – the platform that connects job seekers and freelancers in a highly secured ecosystem. 👨💻
Visit: https://t.co/SllWxefpkj #web3 #DigitalMarketing #Cryptocurrencies pic.twitter.com/Bqv6M5uHfn
— DeeLance (@deelance_com) April 2, 2023
The global human resources (HR) and recruitment services industry is currently valued at $761 billion. However, recruitment is continuously regarded as one of the most difficult issues in companies, particularly when it comes to align the right resources with top talent to achieve a company’s business objectives.
DeeLance aims to change all that by going beyond what traditional freelance recruitment platforms like Fiverr, Upwork, and Freelancer offer.
The platform aims at revolutionizing hiring by utilizing decentralized networks, non-fungible tokens (NFTs), and the metaverse.
Currently, it is the only recruitment platform that fundamentally integrates NFTs and the metaverse into its operations rather than just as a novelty afterthought.
DeeLance’s guiding principles are ownership, simplicity, transparency, and efficiency. The platform will offer these principles through lower user and transaction fees, quicker payments, and a rock-solid escrow account structure that ensures the security of funds for all participants.
The platform’s native currency, $DLANCE, is an ERC-20 token currently trading for $0.025 per token in the presale.
The first of three presale stages for the project is now underway. Stage one will end after 15 days, and stage two will begin, with the token price rising to $0.027.
DeeLance got off to a fast start with its presale, raising over $34,000 in no time as it embarks on its mission to disrupt the recruitment market.
Visit DeeLance here for details on how to participate in the presale.
Metropoly (METRO)
Metropoly is a disruptive blockchain project introducing an innovative way of driving investment into the real estate industry by tapping the decentralized power of blockchain technology.
Users of this platform will for the first time be able to invest in real estate properties around the world within a record 20 seconds, drastically cutting the time from the traditional 60 days needed to complete the purchase of any property. It brings fractional ownership into the real estate industry.
Metropoly is building the first innovative NFT marketplace to bolster investment in income-generating properties, while at the same time, eliminating the need for intermediaries like banks which often introduce hidden fees.
🙌 The best investment opportunities with no lender involved
😱 A platform with a simple and user-friendly interface
🚀 Make completely passive monthly rental income
Look no further than Metropoly! ⭐
BETA 2.0 is LIVE! Check it out 👉https://t.co/ILh6PsjX5y pic.twitter.com/fDXxrQ2H3K
— METROPOLY (@metropoly_io) March 30, 2023
Users on Metropoly get access to carefully selected properties around the world, which they can buy for as little as $100. Investing in real estate via the NFT marketplace is not limited by geographical location or financial ability, because with as little as $100, investors can start receiving monthly rental income while their NFT values grow.
NFT holders on the Metropoly platform can sell their NFTs whenever they want and enjoy the increase in value.
Investors are flocked into the presale to buy METRO tokens raising $1.11 million by the time stage 10 of the presale was coming to an end on March 31.
https://twitter.com/metropoly_io/status/1641895214812889088?s=20
Have you been left out? Not to worry. You still have a chance to get METRO tokens at a bonus in stage 11 which ends in 8 days.
Details on how to buy METRO can be found here.
ECOTERRA – The Recycle-to-earn Token
The world’s population is expected to reach 9.7 billion by 2050, exerting more pressure on the earth’s ecosystems. Ecoterra’s mission is to contribute to reversing global warming and climate change impacts.
Ecoterra is a novel blockchain-based Recycle-to-Earn (R2E) blockchain project that rewards individuals and empowers companies while combating climate change.
Users can earn $ECOTERRA tokens by recycling using a Reverse Vending Machine (RVM) in small or large stores around the world. They will be rewarded with a specific number of Ecoterra tokens each time they recycle an item using an RVM.
The platform is focused on leveraging blockchain technology to advance the circular economy. It will provide a market for recycled materials and develop a platform for encouraging people to recycle.
This helps increase global recycling rates while offering a special chance for consumers to win rewards while protecting the environment.
Ecoterra will also offer a transparent and secure way of tracking emissions and carbon credits,in turn, helping to reduce the impacts of climate change through their carbon offset marketplace.
https://twitter.com/ecoterra3r/status/1642195214394597376?s=20
The native token of this environmental-friendly project $ECOTERRA is still in its initial stages of its presale and has raised over r $28,000 in the first phase of its presale.
Investors can purchase the digital asset using ETH, USDT, or a credit card, at $0.004 per token.
RobotEra (TARO)
TARO, the native token of RobotErra’s Metaverse platform, concludes our list of the best altcoins to buy today.
RobotErat is breathing new life into the metaverse, with exciting additions like game development, play-to-earn, and a robust economy.
The crypto community and metaverse enthusiasts alike are excited about this new frontier of metaverse gaming. RobotEra has within a few months of existence grown exponentially in all aspects of the gaming industry.
In the RobotEra ecosystem, it is not just about playing games, users have been provided with an expansive metaverse to explore, interact with one another, buy and sell assets including land and property.
This revolutionary metaverse project uniquely combines NFTs and play-to-earn (P2E) models to give users the best experiences and the opportunity to make an income.
TARO, the token powering the ecosystem, is currently available in a fast-selling presale that has so far raised $1.05 million in a matter of weeks.
Big news for the #RobotEraArmy!🎉💰🤖
We've achieved an amazing milestone of raising over $1,050,000!👏
Thanks to all our supporters!🤝🌍
Get your hands on $TARO tokens now and embark on an immersive journey that will blow your mind!💥⬇️https://t.co/kBJJdpfpg4#Play2Earn pic.twitter.com/IpwItZ0tNa
— RobotEra (@robotera_io) March 29, 2023
Don’t miss out on this opportunity to get your TARO tokens. Buy RobotErra token now to be part of this revolutionary Metaverse ecosystem.
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- 3 New Crypto Presales that Could 10x Your Money in 2023 – Massive Altcoin Potential
- How to Buy Cryptocurrencies
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