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T token, the utility token of the Threshold Network and governance token of the Threshold Decentralized Autonomous Organisation (DAO), has surged a staggering 106% this week. News that T will be listed on Coinbase as of the 25th of January was the likely trigger for the surge, with T/USD last changing hands just under $0.05, having started out the week under $0.024.
On 01.26.23, T will be listed on @coinbase https://t.co/SyNd2QIin8
— Threshold Network ✜ (@TheTNetwork) January 24, 2023
Hype ahead of the launch of a second version of one of the Threshold Network’s flagship decentralized applications (dApps), tBTC v2, has also been driving the recent rally. tBTC v2 is a fully open-source, non-custodial, transparent and decentralized Bitcoin-to-Ethereum bridge that Threshold Network says is a more secure alternative to existing wrapped Bitcoin solutions. Threshold hopes that its tBTC token can put Bitcoin back to work across Ethereum’s fast-growing Decentralized Finance (DeFi) ecosystem.
1. It’s time to put your #Bitcoin back to work in #DeFi
Being risk-aware is sensible
But sitting on your Bitcoin indefinitely is not. 🧵👇 pic.twitter.com/pzHjzx2RTt
— Threshold Network ✜ (@TheTNetwork) January 24, 2023
Threshold will also soon be launching a stablecoin, called thUSD, which is a tBTC-backed stablecoin pegged 1:1 with the US dollar.
With the @tBTC_project launch so close, is it time to tell them abt @ThresholdUSD yet?
— Threshold Network ✜ (@TheTNetwork) January 24, 2023
Where Next For T?
T’s latest surge takes its monthly gains to around 200%, during which time the cryptocurrency has broken to the north of a key downtrend that had been in play since last April, as well as a key resistance area around $0.025-27, where the 200-Day Moving Average and some lows from late-October reside. T was even able to eclipse the early August highs around $0.04850 before reaching highs in the $0.64 area, though the cryptocurrency has since fallen back to the mid-$0.048s.
However, in wake of this series of bullish technical breakouts that has seen the cryptocurrency’s major moving averages turn aggressively higher, T bulls are keeping their sights set on a potential test of the June 2022 highs in the $0.08 area. T is very overbought right now, according to the 14-Day Relative Strength Index (RSI), which might mean that bulls might have to be patient. But with a hosting of upcoming Threshold Network projects set for release, they may not have to wait too long.
Altcoins to Consider
Cryptocurrency markets have been performing well since the start of 2023, but the longer-term bear market remains very much still in play. Investors might still want to consider diversifying their holdings with the discounted presale tokens of some promising, up-and-coming crypto projects. Here is a list of a few that analysts at InsideBitcoins think have the potential to perform well.
Fight Out (FGHT) – Presale on Now
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. Fight Out, which touts itself as the future of move-to-earn, wants to change that in 2023. Fight Out 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, Fight Out 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. Fight Out 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 center of Fight Out’s digital ecosystem will be its smartphone application which, according to Fight Out’s whitepaper, is scheduled for launch in Q2 2023.
The Fight Out 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 Fight Out metaverse.
FGHT is the token that powers the Fight Out 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. Fight Out’s FGHT tokens are currently selling for 0.01714 each, and interested investors are encouraged to move fast to secure their tokens as this price is set to rise again in less than 12 hours. The pre-sale having already raised over $3.4 million in just a few weeks and looks like it may hit the $15 million hard cap ahead of 31st of March, when the presale is scheduled to end.
C+Charge (CCHG) – Presale Now On
The carbon credit industry is projected to be worth $2.4 trillion by 2027. Democratizing access to accrue these benefits is going to massive business in the years ahead and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow the drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to boost the role of carbon credits as a key incentive for the adoption of EVs. At present, large manufacturers of EVs like Tesla earn millions from selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to find themselves in the hands of the EV owners, rather than just the big businesses.
C+Charge has just started its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are currently selling for $0.013 each, though by the end of the presale, this will have risen by 80%. Investors interested in getting in early on a promising environmentally friendly cryptocurrency project should move fast, with the project having already raised over $385,000 in just a few weeks since the presale launch.
Investors should note that the remaining tokens could be scooped up quickly. A crypto whale recently scooped up over $99 worth of CCHG in one transaction, as can be verified here on BscScan.
Calvaria (RIA) – Pre-sale Nearly Over
RIA, the token that will power afterlife fantasy-themed NFT battle card game Calvaria, is also currently in presale. The play-to-earn (P2E) crypto gaming start-up has raised close to $3.0 million in just a few months since the launch of its pre-sale. Only around a small percentage of presale tokens remain up for grabs and the presale will close in only six days, so investors should move quickly.
Calvaria seeks to bring crypto gaming into the mainstream by tapping into a huge, existing market – the market for physical battle card games (think viral sensations of the past like Pokemon and Yu-Gi-Oh). And with the crypto gaming space expected to grow from $4.6 billion in size in 2022 to $65.7 billion in size by 2027, according to an analysis by Markets and Markets, there is plenty of room for massive growth. Calvaria is set to launch its headline fantasy-themed card game “Duels of Eternity” in Q2 2023.
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