Cryptocurrency markets are coming under broad pressure on Thursday as US equity markets decline in wake of a string of strong US data releases that are likely to underpin confidence at the US Federal Reserve that the US economy can handle its policy of aggressive interest rate hikes. Bitcoin was last down about 1.0% in the last 24 hours, as per CoinMarketCap, while Ethereum was down a little over 2.0% over the same time period.
The Fed’s hawkish message at its meeting last week doused cold water on the prospect of any year-end “Santa rally” in cryptocurrency markets. As a result, the short-term outlook into the year-end and early 2023 remains downbeat, with bitcoin more likely to test recent lows in the low-$16,000s that rally back to recent highs in the $18,000s in the near term. Investors might thus be looking to diversify their cryptocurrency holdings into coins that might offer better near-term potential. Here is a list of cryptocurrencies to consider.
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
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