January has been a kind month to the crypto market, with Bitcoin and Ethereum seeing substantial gains while many altcoins continue to bounce hard from 2022 lows. Bitcoin recently rose to a January peak of $23,501 before rebounding slightly to its present value at $23,180 as of writing.
This represents an increase of 0.53% on the day and more than 9.55% over the past week. Ethereum has also seen gains, currently trading at $1,614, up 3.5% for the day and 6.5% for the week.
The industry's two largest cryptocurrencies by market capitalization have also seen a cumulative trading volume of more than $56 billion in the past 24 hours, surpassing the $53 billion posted by stablecoin Tether. Many in the market are wondering if this is the start of a larger bull run or if another correction is on the horizon.
The overall crypto market capitalization is currently holding steady above $1 trillion after reclaiming the level on January 20. However, it's still ways away from its peak in November 2021 when it reached over $3 trillion.
Traders and investors are advised to implement risk management strategies for capital preservation and keep their expectations in check as the cryptocurrency market isn't completely out of the woods yet.
Five cryptos that look attractive amid this current market condition are MEMAG, APT, FGHT, MINA, and CCHG, which are all potential buys right now based on fundamental and/or technical indicators.
Meta Masters Guild (MEMAG) is bringing some interesting ideas to the Web3 gaming space with its upcoming "Web3 gaming guild" focused on creating a trans-game economy centered around a community-focused metaverse world that ties various mobile games together in different genres.
By combining blockchain technology and a
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