• Bitcoin price prediction remains bearish, while Ethereum has been delisted from the crypto exchange Paxful.
• Bitcoin is currently trading at $16,833, with a $323 billion live market cap. Ethereum is currently trading at $1,211, with a $148 billion live market cap.
• FightOut, Dash 2 Trade, and Calvaria are all presale launches that have attracted investor attention.
As the holiday season approaches, the cryptocurrency market has been relatively quiet, with Bitcoin (BTC) price prediction remaining bearish below $17,000 and Ethereum (ETH) staying relatively unchanged at $1,220. However, the crypto market continues to be dynamic in terms of presale launches and delisting news.
The New York-based crypto exchange, Paxful, has recently delisted Ethereum from its platform due to what its co-founder, Ray Youssef, considers a lack of decentralization caused by the top smart contract platform’s transition to proof-of-stake. Youssef believes that investors are better off without Ethereum. He goes into further detail in his latest business announcement, claiming that Bitcoin’s potential is being stifled by Ethereum and the thousands of projects built on top of it.
Currently, Bitcoin is trading at $16,833, with a live market cap of $323 billion. The 24-hour trading volume is $13 billion. Bitcoin is still under pressure from the 50-day moving average, but the RSI and MACD are both in favorable buying territory. If the BTC/USD pair can break above $17,000, it will likely continue rising toward the $17,500 resistance level. Conversely, if Bitcoin prices drop below $16,500, the next support level is at $16,320.
Ethereum, the second-largest cryptocurrency by market cap, is trading at $1,211, with a 24-hour trading volume of $3.7 billion. Ethereum has short-term supports near $1,180 and $1,150. The 4-hour chart suggests that if the $1,150 support is broken, the downward trend could continue all the way down to $1,110. However, if the price of gold rises above $1,220, the bullish trend can continue until the price reaches $1,280 if the price of silver rises above $1,180.
The cryptocurrency market as a whole is in the red, but only a handful of coins are making headlines. FightOut, a M2E fitness app and gym chain that aims to bring the fitness lifestyle to web3, has launched its presale, which has caught the attention of investors who believe the venture has the potential to disrupt the existing web3 M2E landscape. The FGHT token is the fuel for the FightOut decentralized platform. During the presale, the token was priced at 60.06 USDT per 1 USDT, and it has already raised more than $2.70 million.
Dash 2 Trade is another project that has attracted attention from investors. The new analytics and social trading platform has the potential to revolutionize the cryptocurrency trading industry. It features a presale token scoring system, a token listing alert system, a strategy back-testing tool, and social sentiment and on-chain indicators for trading. Users will be required to acquire and hold D2T tokens in order to make use of Dash 2 Trade’s services. The token pre-sale has already surpassed $10.4 million in sales and tokens can be bought on several centralized exchanges for $0.0533 each.
Lastly, Calvaria’s fundraising campaign is drawing to a close, with their new play-to-earn crypto card battle game, RIA, aiming to widen the audience for cryptocurrencies. The RIA token pre-sale has raised $2.5 million, and only 18% of tokens remain.
As the holiday season approaches, investors can take advantage of the presales and delisting news in the cryptocurrency market. With Bitcoin and Ethereum showing signs of a bearish trend, investors can look to alternative coins such as FightOut, Dash 2 Trade, and Calvaria for potential investments.