Top Cryptocurrency Picks for January 2023

The overall value of the cryptocurrency market reached $974.43 billion after an increase of 7.50% over the past twenty-four hours. This surge came as the market began to ride a wave of economic data.

The most recent improvements in US inflation data and evidence of an economic resurgence in Europe have contributed to an 11% increase in the value of the euro over the past week. This has raised expectations that the worst downturns in the international economy in 2022 may be over.

Even though the movements of the market today are positive, there are a few cryptocurrencies that have outperformed. There is good news for anyone who wants to invest in cryptocurrencies and generate returns over the long term.

Top Cryptocurrency Picks for January 2023

The most significant alternative currencies to buy are SOL, MEMAG, COMP, FGHT, ADA, CCHG, COMP, and RIA. AVAX is also an excellent choice.

Meta Masters Guild (MEMAG)

The brand-new mobile gaming guild known as Meta Masters Guild (MEMAG) is working to cultivate an environment conducive to enjoying gaming while also providing members of the community with recognition for their accomplishments and contributions. The excitement generated by the majority of play-to-earn games only lasts for a short period of time, after which players become disinterested owing to a lack of entertaining content.

On the other side, MMG is on a mission to revolutionize the P2E ecosystem by developing fun games that entice users to keep using the platform. It has altered the dynamic by introducing a play-and-earn mode, which enables users to enjoy enjoyable games while earning reward tokens for participation and winning. This mode lets users earn reward tokens for participation and winning.

The core of the ecosystem is the native token, which is known as MEMAG. Pre-orders for MEMAG may now be placed, and the first stage will set you back $0.007. Those who purchase tokens at this time will become the owners of an asset that will increase in value during the course of the presale.

Solana (SOL)

On the 14th of January, the SOL/USD pair has a trading volume of $2 billion and is now trading at a price of $22.20. The current position on the market capitalization scale is 11, and the market capitalization is $8 billion. Recently, a key milestone was attained by Solana (SOL), a blockchain that has two independent validator clients.

According to a statement that was released on the 12th of January, Firedancer is the new validator for the ecosystem. The new strategy will result in an increase in the effectiveness of block production by lowering the level of congestion in Solana’s parallel VM.

In addition, customers had the option of controlling their validators through either of the two software components offered by Firedancer, each of which had independent dependencies. After breaking beyond a previous ceiling, the SOL/USD pair can proceed to move much higher.

At the level of $23.65, Solana has finished a 50% Fibonacci retracement, and closing candles that are below this level indicate that the bullish trend is starting to lose steam. If, on the other hand, SOL is unable to break through the level of resistance located at $23.65, the stock may face a little decline until it reaches the level of support located at either $19.50 or $17.50.

The SOL/USD currency pair is now trading higher above its 50-day moving average, and there is support close to $15. Alternately, if the price of SOL keeps going up, it might break through the $23.65 barrier, which would mean that the price of SOL would be either $27.56 or $32.45.

Compound (COMP)

The price of the compound is currently sitting at $54.82, and its trading volume over the past 24 hours has totaled $135 million. The COMP has seen a rise of 45% in the past twenty-four hours. The live market cap as of right now is $398 million, and the current ranking is #84.

Users of cryptocurrencies can deposit their digital assets into multiple lending capital pools that only authorized borrowers can access via the blockchain.

The network functions as a lending system, similar to a bank, where users can profit from the number of cryptocurrencies they offer to lend by paying attractive interest rates.

FightOut (FGHT)

FightOut (FHGT), a brand-new cryptocurrency project released this year, offers a one-of-a-kind opportunity to earn using cutting-edge technology known as Move-to-Earn (M2E). M2E is an innovative method that encourages and acknowledges one’s participation in physical activity.

The platform’s appeal has increased thanks to the implementation of the new Fighting Fit theme. The goal-oriented, functional strength training promoted by Fight Out is based on overall functional strength. It will be crucial in the process of gaining new clients.

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