Cryptocurrency markets are stabilizing on Thursday, with Bitcoin near $24,000 and Ethereum in the upper $1,600s, as investors weigh this yesterday’s Fed meeting minutes, which unsurprisingly pointed to more rate hikes ahead, and Thursday’s mixed US economic data releases. US GDP growth in Q4 was revised lower from the prior estimate on consumer weakness, while weekly jobless claims pointed to a still very strong labour market. Crypto markets are now bracing for Friday’s US Core PCE inflation report, which is the Fed’s favored inflation gauge, and any more new on the regulation front, amid the US SEC’s ongoing crackdown on major crypto firms.
Blue chip cryptocurrencies like Bitcoin and Ethereum could perform very well this year. But investors can often secure better gains by investing in altcoins, which, while more volatile, have more upside potential. Here is a list of a few altcoins that investors should consider adding to their portfolio, including a few altcoins that have been trending as of late and an assortment of tokens being sold in presale by promising, up-and-coming crypto start-ups.
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 is currently conducting a presale of the FGHT token that will power its web3 ecosystem and has already raised a whopping more than $4.6 million.
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