Cryptocurrency markets have taken a knock, with total market capitalization down over $30 billion or 3.0% on Friday in wake of a hotter-than-expected US Core PCE inflation report that raises the risk the US Federal Reserve lifts interest rates to higher levels for longer. MoM and YoY price pressures both unexpectedly rose in January, according to the latest report, to 0.6% and 4.7% respectively.
Bitcoin was last changing hands around $23,100, while Ethereum was last flirting with a break below the $1,600 level. The latest US inflation data has resulted in markets upping their Fed tightening bets for this year, with money markets now pricing in nearly another three and a half 25 bps moves over the course of the next four Fed meetings.
If they are able to shrug off macro headwinds, 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
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