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Sologenic Price Prediction as SOLO Pumps Ahead of This Major Airdrop

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SOLO, the XRP Ledger and BNB Smart Chain-based native token that powers the asset tokenization-focused Sologenic platform, has been surging in the last few days, despite broader cryptocurrency markets coming under pressure in tandem with stocks. It was last changing hands at around $0.18, up around 14% on the day and taking its run of gains since the start of the week to around 22%, though SOLO has backed off around 6% from earlier session highs in the $0.20 area.

SOLO is pumping despite broader crypto market malaise. Source: TradingView

Price Prediction – Further SOLO Upside Incoming?

SOLO/USD appeared to find resistance in the $0.20 area from its 50, 100 and 200-Day Moving Averages and the mid-November lows, which triggered a round of profit-taking. But SOLO has a strong support base in the $0.12-1350 area and bulls will be hoping that SOLO can soon muster a more lasting break above $0.20, which could open the door to a retest of October highs in the $0.40 area. Any retracement back to the 21DMA in the $0.15 area would likely be very attractive for the bulls.

SOLO to return to its October peaks? Source: TradingView

What’s Triggering the Rally?

Some traders have attributed SOLO upside in recent sessions to anticipation ahead of an upcoming airdrop of CORE tokens to SOLO holders. CORE is the cryptocurrency that will power the Coreum blockchain, a brand-new asset tokenization-focused smart contract layer-1 blockchain developed by the Sologenic Development Foundation.

According to a blog post on Sologenic’s medium, the airdrops is being conducted “in order to engage the community to participate in the new Coreum ecosystem and proposed governance utilities”. The airdrop is a big one and will be the equivalent of around 20% of CORE’s total supply, or 100 million tokens.

According to Sologenic, Coreum will be a “real game-changer for asset tokenization”. It’s no surprise then to see SOLO community members and investors bidding up its price.

With the Coreum mainnet launch is scheduled for March 2023, there is every possibility that hype ahead of this event continues to underpin demand for SOLO.

Altcoins to Consider

Cryptocurrency markets have been struggling in recent weeks, leading some investors to consider diversifying their holdings with some assets that have a better chance of experiencing short-term gains. Here is a list of a few promising cryptocurrency projects that are currently conducting token presales.

FightOut (FGHT) – Presale Now On

The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. FightOut, which touts itself as the future of move-to-earn, wants to change that in 2023. FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing within a first-of-its-kind fitness metaverse.

While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part. FightOut seeks to combine the physical and web3 worlds.

The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience. At the centre of FightOut’s digital ecosystem will be its smartphone application which, according to FightOut’s whitepaper, is scheduled for launch in Q2 2023.

The FightOut app will harness smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, and can mint their own soul-bound token avatar, through which the user will be able to interact with the FightOut metaverse.

FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to enter competitions and leagues with FGHT, and winning will be paid out in FGHT. FGHT can also be used in peer-to-peer fitness wagers. FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to move fast to secure their tokens, with the pre-sale having already raised over $2.28 million in just a few days. FGHT is the token that will power the FightOut crypto ecosystem.

Visit FightOut Now

Dash 2 Trade (D2T) – Presale Enters Final Stage

Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with its host of unique features.

These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool. Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features.

Dash 2 Trade is currently conducting a token pre-sale at highly discounted rates and sales are approaching $10.5 million. The pre-sale dashboard is going to be released soon, with the development team currently running ahead of schedule. Tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges in under one month.

Visit Dash 2 Trade here

RobotEra (TARO) – Presale Price Rising Soon

Decentralized, crypto-based metaverse “games” are likely to form a key part of the future crypto/gaming space as technological trends push us ever more into the digital space. RobotEra, a soon-to-be-launched robot/space-themed gaming metaverse that plans to incorporate a mixture of play-to-earn and player-versus-player games within its interactive world, could be a great bet, with the platform scheduled to launch in 2023.

Ahead of its launch, RobotEra is conducting a presale of the TARO token that will be used as an in-game currency. In the few weeks since its launch, RobotEra raised over $596,000. Tokens are currently being sold for $0.02, but that price will soon rise to $0.025, so interested investors should get in quickly. RobotEra also plans to begin sales of NFT robots that players can use within its metaverse soon. Investors who have already bagged themselves some TARO should stay tuned.

Visit RobotEra here

Fight Out (FGHT) - Newest Move to Earn Project

Rating

FightOut token
  • CertiK audited & CoinSniper KYC Verified
  • Early Stage Presale Live Now
  • Earn Free Crypto & Meet Fitness Goals
  • LBank Labs Project
  • Partnered with Transak, Block Media
  • Staking Rewards & Bonuses
FightOut token

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