What happened to cryptocurrency today? How to react to the current market conditions For example, their NFTs are innovative as they all contain specific 3D animated models connected with their pets
After a bearish run throughout 2022, the crypto markets are showing some signs of a potential reversal in the coming months. This guide discusses what happened to the crypto market today and the best 5 cryptos to invest in right now.The top 5 cryptos to buy as crypto market recovers
Tamadoge - A memecoin with real utility Battle Infinity - Top crypto to buy today Lucky Block - Popular NFT platform Ethereum - Biggest altcoin with recent market success XRP - Global financial payments network A closer look at the 5 cryptos to buy as the market gains momentum
What happened to crypto this week? The popular cryptos have been increasing in price, and investors are looking to pick the best new investments. Therefore, the sections below review the top 5 cryptos to buy now.
1 Tamadoge - A meme coin with real utility
Tamadoge is certainly the best crypto to buy today. Tamadoge is a fun, play-to-earn game that allows users to earn money by taking care of a Tamadoge Pet and battling them against each other.
Users start out by purchasing a Tamadoge NFT from the Tamadoge store. The NFTs must be purchased using TAMA tokens. Once the NFT is purchased, players are tasked with taking care of baby NFTs by feeding and playing with them. Eventually, the NFT becomes an adult and can be battled against other pets to earn.
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Players earn Dogepoints during battles and quests, and the player with the most points at the end of each month is free to claim the rewards in the Dogepool reward fund. The funds for the rewards are generated by all the NFT sales inside the Tamadoge Store.
From the store sales, 5% of all the revenue is used to burn TAMA, making the token deflationary. 30% is used for marketing purposes, and the remaining 65% is sent to the Dogepool rewards fund.
Tamadoge extends further from just being a memecoin. For example, their NFTs are innovative as they all contain specific 3D animated models connected with their pets. These 3D models are interoperable with pre-existing metaverses, allowing players to use them as avatars to explore different worlds.
2 Battle Infinity - Top crypto to buy today
We recommend Battle Infinity as the second-best crypto to buy today. Battle Infinity is an upcoming decentralized project that offers users and creators a play-to-earn (P2E) ecosystem via blockchain technology.
The Battle Arena is the platform’s metaverse platform, where users can access 6 different P2E features. The IBAT Premier League is the world’s first NFT-based sports fantasy league, where players can build their fantasy teams and compete against users for crypto rewards. At the centre of Battle Infinity is IBAT - the platform's native crypto token.
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IBAT can be accessed on the Battle Swap - a decentralized exchange (DEX) from where IBAT is distributed to users and can be exchanged with other tokens. To participate in any of the games, users need to stake a certain amount of IBAT on the IBAT stake to gain an NFT pass. Furthermore, a 10% fee is charged when staking IBAT, of which a percentage is deposited into global liquidity pools on Battle Infinity.
The token began its presale in July for $0.0015 per token. The 90-day presale was sold out 66 days early, raising a total of 16,500 BNB. The token is now live on both DEXs and CEXs making listing a priority to support the success it gained during the presale phase.
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3 Lucky Block - Popular NFT platform
Another popular new crypto project to invest in is Lucky Block. This is a decentralized NFT-bases competitions platform, set to become a leader in the reward distribution crypto industry.
All competitions have an associated NFT collection which is minted regularly. Users need to hold the NFTs to participate and stand a chance to win up to $50,000. The rewards are mostly paid out in LBLOCK - the native token of Lucky Block.
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After releasing in January 2022, LBLOCK gained 1,100% in the first two weeks. After reaching an all-time high (ATH) of $0.009 in February, LBLOCK has lost nearly 90% of its market value. Currently, LBLOCK trades at $0.001 per token.
4 Ethereum - Biggest altcoin with recent market success
Ethereum is the largest altcoin in the world with a market cap of $186 billion. After losing more than half of its value in 2022, Ethereum is showing signs of a potential reversal. But what happened to Ethereum today? The altcoin increased from $1,460 levels on 18th July to $1,650 in a week.
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This equates to a 13% price increase for Ethereum. Currently, ETH is trading at $1,550. The Ethereum price prediction may be volatile in the coming months, but the token has exciting updates in 2022.
Ethereum is expected to release its much-awaited Eth 2.0 upgrade, which will increase the network’s scalability and throughput issues. Users looking for a long-term investment can conduct further research and potentially invest in this large cap cryptocurrency.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
5 XRP - Global Financial Payments Network
XRP is a decentralized blockchain platform that provides global payments for banks and financial institutions. Leveraging blockchain technology, XRP looks to offer micropayments and DeFi (Decentralized Finance) protocols to organizations.
Since XRP offers a quick transaction time of 5 seconds and a low cost of $0.0002 per transaction, multiple global financial institutions such as the Bank of America and Santander are working with the network.
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What happened to XRP today? The crypto is trading at $0.34 as of 25th July, which is a 10% drop within the last week. Previously, XRP set an all-time high of $3.84 in 2018.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What happened to the crypto market recently?
Cryptocurrencies have been crashing for the past few months as the global markets have been facing uncertain times. The US Consumer Price Index (CPI) recorded an 8.6% rise in inflation in May 2022, the highest since 1981.
With the Federal Reserve responding to the situation with a hike in interest rates by 0.75 basis points, the markets went bearish. However, the final week of July is proving to be beneficial for cryptocurrencies.
Users must be wondering what happened to crypto this week. Top assets have increased and started trading on an upwards trajectory. For example, the Ethereum price today is up 3% and has increased from $1,200 to $1,600 in the last week. However, the volatility in the markets has led to a temporary downward spiral once again. What caused the crypto crash today? The crypto markets have reacted following the dip in the US stock market performance on Friday, 22nd July.
Should I buy Tamadoge now?
This is the best chance to buy TAMA tokens as they are now available for a discounted price at the Tamadoge presale. The project already has CEX and DEX listings lined up, which could trigger a massive uptrend. To make the most of the bull run, we recommend investing in the project early.
How to Buy $TAMA
The sections below show users how to buy $TAMA - the best crypto to buy today.
Step 1: Set up an Ethereum wallet
Users can download an Ethereum-compatible wallet such as MetaMask to buy $TAMA.
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Click on ‘Download’ to get started with MetaMask.
Step 2: Buy ETH or USDT
Users can buy $TAMA tokens with ETH or USDT coins. Therefore, investors will need to purchase ETH or USDT through one of the exchange services. Additionally, users can purchase $TAMA using the fiat on-ramp on the presale dashboard.
Step 4: Link MetaMask to Presale Dashboard
Head over to the Tamadoge presale website, and click on ‘Connect Wallet’ to link MetaMask with Tamadoge;
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Users can then choose the MetaMask option and follow the instructions to link the wallet with the presale.
Step 5: Buy $TAMA
Once connected, users can choose to buy Tamadoge through the following options;
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For example, to buy $TAMA with ETH, simply enter the amount of $TAMA you wish to purchase.
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Once the presale has finished, you will be allowed to claim your purchased $TAMA.
Visit Tamadoge Presale Website
Disclaimer - The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
This story originally appeared on: Muscle & Fitness - Author:Faqs of Insurances
