It is the second time in 2022 that Bitcoin is in freefall. The intra-day trading charts show that the Bitcoin price is dropping quickly and hurting back to its $15k support, which has led many crypto investors to believe that the bottom is in. If that is true – which is the best crypto to buy?
Has Bitcoin hit the Bottom?
After the fall of FTX, Bitcoin entered its second bear phase, and it was after BTC showed signs of recovery due to the FOMC statement. However, the compounded impact of mid-term elections and the FTX drop has pushed the community’s trust in centralized exchanges to an all-time low and Bitcoin to its 2022 lows.
The hourly chart shows multiple bearish candles have formed in the past 24 hours. People are cutting off their losses, and the rush to sell off BTC is high. The recent three candles seem like an attempt of some whales trying to push Bitcoin on track, but the entire market is mostly cynical about the current state of affairs. So, does that mean Bitcoin has hit its bottom?
It all depends upon who you are asking. Those who still hold hope say Bitcoin has reached its lows and now it is time to buy, while others say it will happen soon.
According to DonAlt, a well-known crypto trader, Bitcoin’s current bearish trend mirror’s the previous bear cycles, especially those in 2018.
The analyst has said that Bitcoin is almost 80% below its 2014 and 2017-2018 levels. Back then, the drops were 86.17% and 83.84%. So, if the current markets are actually mirroring those conditions, Bitcoin’s bottom is about to arrive.
We don’t think so. Bitcoin’s parabolic increases happened when the markets were still wild, and the calls for regulations were low, which is different from the current circumstances. The rising calls for rules and people’s lack of faith in centralized exchanges will likely play a role in Bitcoin’s bounce. So, don’t expect a massive jump in price like before.
That brings us to the best crypto that you must buy instead.
Best Crypto to Buy in this Bearish Scenario
Bitcoin “might” hit bottom, which means it hasn’t happened yet. And considering the volatility of the crypto market, there is no evidence to say that Bitcoin won’t drop by 90% before we can call it a buying opportunity. In such doubtful scenarios, your best hope to make profits is to invest in these presale cryptocurrencies.
Dash 2 Trade (D2T): The Best Presale Crypto of This year
Dash 2 Trade powers a crypto research and analytics platform of the same name, giving ordinary traders access to research and testing tools similar to Bloomberg Terminal but at a far lower cost.
Created by the developers of Learn 2 Trade, the world’s leading forex signals platform, Dash 2 Trade aims to put all the parameters that influence the crypto markets under one roof. They include:
- Social indicators
- On-chain analytics
- Presale assessment
Additionally, Dash 2 trade aims to make features such as Strategy building and Bespoke backtesting accessible to traders to create trading strategies and test them before implementing them on the real markets.
These utilities will allow investors to beat the bear market conditions like now and generate profits, which is why Dash 2 Trade has become the best presale cryptocurrency offering of this year.
At the time of writing, Dash 2 Trade’s presale is in the third stage and has raised more than $6.6 million. Those who want to invest can do so now at a discount price of $0.0513.
IMPT (IMPT): A Cryptocurrency Making Carbon Credits Trading Inclusive
Carbon credits trading is the need of the hour in the world going through rapid climate change. However, the economy of carbon credits is still far from the reach of ordinary traders, and in its current state, it is also full of fraudulent activities. That is where IMPT enters the scene.
IMPT is a native crypto of IMPT, a shopping platform featuring over ESG brands, including Amazon, Microsoft, Samsung, and Booking.com, to name a few. This platform aims to help these brands sell ESG products to customers. Upon using the platform to buy environmentally friendly products, buyers earn IMPT tokens, and the purchase proceeds go to promoting ESG practices.
A set number of IMPT tokens can then be traded for tokenized carbon credits on the IMPT marketplace. Buyers can then place those carbon credits on the market to sell to the listed ESG brands.
This unique approach establishes a bidirectional relationship that makes carbon credit trading profitable for customers and brands. Customers can also retire their carbon credits and earn NFT artwork as a reward.
Due to this utility, IMPT has become the greenest cryptocurrency of 2022 and one of the biggest presale successes. It has raised upwards of $13 million and is in the second stage of the presale. You can get it now at a discount price of $0.023 before the presale ends.
Calvaria (RIA): A Crypto-Based Card Game to Entice Non-Crypto gamers
After noting the high entry barriers in crypto gaming projects like Axie Infinity, Calvaria came up with a game with F2P (Free to Play) and P2E (Play to Earn) mechanics. On-crypto players that like games such as Hearthstone and Gwent can play Calvaria: Duels of Eternity for free and will have access to all the upgrades and gameplay mechanics. Crypto players looking for better-earning mechanics can interact with the game using the P2E ecosystem.
This inclusive approach by Calvaria will likely increase crypto-gaming adoption among non-crypto players.
Additional mechanics in Calvaria include gamified staking, DAO, and more. Due to these factors, Calvaria has raised upwards of 1.8 million USDT. You can grab it today and get 40 RIA tokens at 1 USDT before the end of this fourth presale stage.
RobotEra (TARO): A Metaverse Crypto Similar to Sandbox
The Sandbox became one of the biggest successes in the metaverse niche after its 3500x bull run back in 2021. Trying to mirror similar success is RobotEra. It is a metaverse project consisting of Robots, NFTs, and an ecosystem that players can explore and customize using the RobotEra editor.
The project aims to take the metaverse to its limits by allowing players to own land and customize it, creating metaverses within its virtual ecosystem. RobotEra has surpassed its $100k milestone and is undergoing the first presale phase.
Invest in Presale Cryptocurrencies for Better Returns
Short-term gains are all you can hope for in a volatile market. For long-term profits, presale cryptocurrencies offer a better option. With the options we have given you in this article, you can make gains before through the increase in the price of these assets in later presale stages.
Keep following our news to keep up with these attractive investments.