It may be too early to call it a full-blown recovery, but crypto is looking a little healthier than it was 24 hours ago. ETH has been showing significant strength after dropping below $3K on November 17 and is currently trading back above $3,00, with $3,300 the next price target.
Meanwhile, privacy coins continue showing strength – ZEC is still above $600 – and there’s also been a flow of capital into the EV2 presale which has just launched. Let’s take a closer look at these opportunities and identify which tokens are odds-on to outperform the rest of the market this week.
Ethereum’s Slow Recovery: $3K Regained
After a 14% tumble earlier in the week that liquidated over $1 billion in leveraged positions, ETH has stabilized around $3,100 on November 18. Fireworks indeed. ETH’s year-to-date performance is now flat, despite institutional inflows that were responsible for carrying it past the $4K threshold. While ETH spot ETFs have seen net outflows this week, there are signs that the pendulum is now swinging the other way once more, with its weekly price prediction seeing it reclaim $3,300.
While ETH rebuilds, ZEC is the privacy coin that just won’t stop. It’s up an impressive 176% in the past month and is currently trading at $598 despite dipping 10% in the past 24 hours. It’s not the only privacy coin currently in the green – that old stalwart, XMR, is also sitting pretty. Speaking of privacy coins, one token that’s had a positive week, currently up 5% in seven days, is DASH. Another OG that’s enjoying a sudden resurgence.
Moving beyond privacy coins for a moment, and there are a few other mid-cap assets that are currently riding high. Chief among these is ZEN, up 9% in the last 24 hours, and BTY, a close second with an 8.5% gain. There’s serious money to be made from surfing the privacy coin train as it dips and climbs provided you know what you’re doing. More than any other crypto asset class, privacy tokens love to bounce back with a bang.
Web3 Gaming’s Next Frontier Beckons in EV2 Presale
Amid the altcoin fireworks, onchain analytics show there’s also steady capital flowing into the EV2 presale. The forthcoming space-combat epic, forged by Funtico, blends AAA gameplay with blockchain features to lure gamers beyond the crypto veil. It’s not just PvP in the crypto trenches right now: it’s the same in the EV2 game that Funtico is cooking up, in which players must don weaponized suits before going toe-to-toe.
Survival matches will take place in Death Mist, the zone where nimble players must grab power-ups, destroy enemies, and hoard valuable resources if they’re to live to fight another day. Expectations are riding high for this MMORPG that’s been a long time in the making. The launch of the EV2 presale signals that the intergalactic romp is nearing prime time.
Conviction Bets Hold the Key
Whether you’re investing in the hottest presales, flipping memecoins, or perps trading majors, the trick during times of high volatility is to follow conviction bets. In other words, buy tokens that you’re convinced are likely to thrive this month, ideally driven by strong fundamentals and other catalysts. Don’t over-trade, then, but also don’t sit it out and wait for the market to flip back into full-blown bull mode – by that time, most of the gains will already have been made. Now is the time to act.
Website: https://ev2.funtico.com/
