Best Crypto to Buy Today 1 February – MEMAG, DYDX, FGHT, FTM, CCHG

Press Release As investors and traders eagerly await the outcome of the Federal Reserve’s first FOMC meeting for the year, most analysts anticipate Chairman Jerome Powell will announce a 25 basis point interest rate hike. 

His subsequent press conference is anticipated to have broad repercussions throughout financial and risk asset markets, including cryptocurrency, with market participants looking for guidance on the Fed’s longer term plans. With this background in mind, what are some of the best cryptos to buy today?

Although typically Bitcoin, Ethereum, and other digital assets are noticeably volatile leading up to interest rate hikes, the crypto market has remained relatively steady this time around. After reaching a high of $24,000 over the weekend–it’s the highest price in five months–Bitcoin’s price ultimately dipped to a multi-day low of $22,400 Monday. 

As of writing, Bitcoin is hovering at around $23k; indicative that investors have maintained their trust in cryptocurrencies despite any short-term volatility.

It is still too soon to determine the long-term impact of the interest rate hike on the cryptocurrency market. However, market participants are advised to keep a close watch on developments in the coming hours and days.

Historical correlations between FOMC events and Bitcoin indicate the possibility of increased volatility in the crypto market, making it vital for all players to stay informed and prepared for any potential changes. Nevertheless, there are still great investment opportunities available.

Based on technical and fundamental analysis, these five cryptocurrencies are considered to be some of the best cryptos to buy today for investors: MEMAG, DYDX, FGHT, FTM, and CCHG.

Meta Masters Guild (MEMAG) Building Community and Bringing Gamers to Web3Mobile gamers are in for a treat as the progressive Meta Masters Guild gets ready to launch its Web3 Gaming Guild. This gaming network will serve as a medium to connect gamers from several different mobile games, establishing a trans-game economy that revolves around a single metaverse community and cryptocurrency, MEMAG. MMG is looking to innovate within the Web3 gaming space to create an exceptional, player-initiated gaming ecosystem.

MMG’s mission is to build a decentralized gaming community that fosters interaction, commerce and team-work through the use of cutting-edge Web3 technology and games built for players–with games featuring integrated NFTs (Non Fungible Tokens) as well as crypto rewards.

Players will benefit from their talents and contributions by earning MEMAG cryptocurrency, along with having a voice in determining certain elements of the game world. 

Also, the transparent economy system will allow gamers to exchange Gem rewards earned within games or NFT-based items for crypto rewards which may be converted into real money or NFTs representing in-game assets usable in MMG’s titles.

To kick off the Meta Masters Guild ecosystem, MMG is launching Meta Kart Racers–an electrifying racing game that players can experience on any mobile device. The platform and partners are also concocting several other intriguing Web3 games set to launch in the near future as well.

Meanwhile, the MEMAG token presale has been a huge success so far, as traders have invested $2.37 million,  » …

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Carla Contass

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