The Best Cryptocurrencies to Buy Today January 16th

Disclaimer: The ‘Industry Talk’ section contains contributions and insights from people active in the crypto world and is not part of the editorial content of Cryptonews.com.

The cryptocurrency market is up 1% in the last 24 hours to a total market cap of $1.02 trillion after a good weekend. Cryptocurrencies are up 17% in the past week and 21% in the past month. This increase is partly due to the positive inflation figures from the US, but also to other positive economic factors.

Although the cryptocurrency market has become more popular in recent days, there are certain altcoins that have outperformed the average. In this article, we will show you what altcoins they are to form a list of the best crypto coins to buy today. To this list we have also added some new promising cryptos which are available in their pre-sale at a very low price.

Meta Masters Guild (MEMAG)

After the presale started last week, Meta Masters Guild (MEMAG) has already raised more than $250,000, showing that the cryptocurrency market is growing faster and excited about the new play-to-earn platform

Meta Masters Guild is a gaming guild that focuses on mobile games with Web3 and play-to-earn features. The platform’s first game, Meta Kart Racers, goes live in the third quarter of this year and is expected to have a major positive impact on the platform’s growth.

The platform’s MEMAG token will be used for politics, as well as for staking and buying NFTs and other items. The presale consists of seven phases, and in the first and current phase, the token is available for $0.007 each.

This price will increase by 42% in the next phase which starts in just 4 days, so as an investor you have some time to grab this opportunity and make as much as possible from this presale. You can join by going to the Meta Masters Guild website, then connecting your Wallet Connect or MetaMask wallet and following the steps.

Frax Share (FXS)

One of the newest contenders in the top 100 cryptos is FXS, which has risen 31% to $8.76 in the last 24 hours. In the last week it has increased by 53%, in the 2 weeks by 97% and in the month by 70%. The token on the Ethereum network is only 79% lower than its all-time high of $42.80 in January 2022.

FXS/USD Chart - Source: TradingView
FXS/USD Chart – Source: TradingView

The indicators for the FXS price show that it may be going through a strong rally. The purple Relative Strength Index (RSI) has risen above 80, but its red 30-day moving average is moving towards the blue 200-day moving average, reflecting a very positive picture for the altcoin.

The native token of the decentralized lending platform, Frax Finance, FXS, capitalizes on the popularity of the platform. Frax Finance’s staking service (for ETH) has become particularly popular. Users get frxETH to stake ETH and provide a lot of liquidity in the decentralized exchange, Curve.

Since Frax’s ETH staking platform only went live in October, you can expect it to rise even more soon alongside its FXS token.

Fight Out (FGHT)

Fight Out (FGHT) is a move-to-earn platform that will combine Web3 with physical exercises when it goes live in the second quarter of this year. Unlike other move-to-earn platforms, it rewards users for various physical movements such as weightlifting, yoga and boxing. In addition, the app offers training that can also be followed in the Fight Out gyms.

The token sale went live in December and has already raised more than $2.9 million. The FGHT token is available for $0.0166 each and the presale will run until the second quarter of 2023, when the FGHT token will be listed on the exchanges.

Raceway (LRC)

LRC is up 11.5% to $0.278754 in the last 24 hours, in addition to a 30% gain over the past week. Layer-2 token has increased by 47% in 2 weeks and 30% within the last month. Still, the price is down 92% from its record high of $3.75 in November 2021.

LRC/USD Chart - Source: TradingView
LRC/USD Chart – Source: TradingView

The indicators for the LRC price show that it has built up a lot of momentum in recent days with the RSI above 80 and the 30-day moving average still below the 200-day moving average, which means there is still plenty of room to rise further.

LRC is one of the largest layer-2 scaling networks for Ethereum and is rising strongly as it has a lot to come after the big sale in 2022. LRC’s Total Value Locked (TLV) is $105 million, which is more than Cardano’s. Loopring is just below Arbitrum, Optimism and dYdX in size (according to L2BEAT).

Loopring has grown a lot in popularity in the past year, with GameStop using the network for its own NFTs in July 2022.

C+Charge (CCHG)

CCHG is a new cryptocurrency for ESG investors and is the token of C+Charge, a peer-to-peer payment network for charging electric cars. The network runs on the Binance Chain and wants to make CO2 credits available to drivers of electric cars. The CCHG token will be used to charge via the C+Charge network.

C+Charge rewards drivers with NFT carbon credits when they charge their EV on the network, so people are more likely to make the sustainable switch. The platform has already entered into a collaboration with Flow carbon and with Perfect Solutions Turkey, which will add 20% of its charging points to the network.

This shows that the platform intends to become a major player in the industry and could make a big impact when it goes live in 2023.

Decentralized country (MANA)

After FXS, MANA is the best performing cryptocurrency in today’s top 100. The token has risen 21% to $0.679013 in the last 24 hours. It is up 80% this week and 100% in the last month.

MANA/USD Chart - Source: TradingView
MANA/USD Chart – Source: TradingView

MANA’s indicators show that it is still rising, with the 30-day moving average still needing to rise above the 200-day moving average before the rally can reverse.

MANA is rising after being oversold in the last 12 months and the cryptocurrency is undervalued. Decentraland remains one of the largest metaverse platforms in the world and still has around 8,000 active users per day.

Decentraland has launched a number of new features in recent weeks, such as improved avatars, profiles and friend requests. For example, the platform has become more user-friendly and it can still grow rapidly due to many partnerships that the platform has made.

Calvary (RIA)

Calvaria(RIA) is a game to earn battle card game that is selling its RIA token in the final presale phase and has already raised nearly $2.8 million. 11% of tokens are still available and the token will soon be listed on exchanges such as LBANK and BKEX.

The game will be available for PC, Android and iOS and you don’t need any cryptocurrency to play. The game has several play-to-earn elements that you can choose for yourself or you can continue to play it for free. As a result, the game is expected to become more accessible and accelerate the adoption of crypto games.

The game is expected to go live in the second quarter and will be set in a mythical fantasy world. You can buy NFT cards with animated 3D characters in the game and earn tokens by using them in battles against players from other teams.

Sandbox (SAND)

SAND is up 10% to $0.693456 in the last 24 hours. This metaverse crypto is also up 40% in the week, 78% in 2 weeks and 47.5% in the last month.

SAND/USD Chart - Source: TradingView
SAND/USD Chart – Source: TradingView

It seems The Sandbox is on the rise for the same reason as Decentraland. The pump in metaverse platforms is expected to bring existing metaverse projects like The Sandbox and Decentraland back to the top.

SAND expects to surpass MANA in this growth as The Sandbox appears to have more active users than Decentraland. The Sandbox has also attracted more investors, such as backing from Softbank (and others). Sandkassen expects to be a big success again soon because of all this financial support.

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