Since Bitcoin reached its all-time high in November 2021, it has crashed by 73% and dragged the rest of the crypto market with it. A few signs show that the crypto crash hasn’t reached the bottom, but the good news is that some coins are indicating a potential price pump.
Let’s look at the key metrics that signal the crypto market could dip lower.
1. Market Sentiment
When Bitcoin crashed to just under $18,000 in June 2022, most of the crypto market was in extreme fear. And it stayed that way for several weeks before Bitcoin recovered slightly. The Crypto Fear and Greed Index measures market sentiment by evaluating several metrics.
And currently, the market is still in fear. Many crypto experts believe that Bitcoin could crash further, and it seems that most of the market echoes that opinion. When the market is fearful, it tends to sell out of fear of lower prices.
2. Rising Interest Rates
Inflation has been a heavy burden on most consumers since global lockdowns. Not only has the price of gas risen drastically but so have everyday essentials such as food and hygiene products. One of the ways that the Federal Reserve has attempted to fight inflation is by raising interest rates.
It has incrementally raised interest rates since March 2022 and plans to continue to bring consumer prices down. When interest rates rise, the dollar becomes stronger. Investors see the dollar as a more attractive investment option, and they tend to exit crypto holdings and securities so they can hold more dollars to get a high return.
3. Recession
Several economists have warned about an impending recession. And they may be right considering that some cryptocurrencies and stocks have lost more than 70% of their value. Large corporations have laid off workers, and most people have less money due to inflation.
During a recession, people who have lost their jobs are desperate for money, and they tend to cash out their investments to get it. To pay their mortgage and day-to-day expenses, investors sell their crypto assets to fund their lifestyles.
Cryptos That Could Explode During Crypto Market Crash
We’ve identified three crypto projects that could pump during a crypto crash because of their use cases and platform developments.
1. Tamadoge
Tamadoge is an NFT project that was recently launched, but it shows tremendous growth potential. While the crypto market has been in a slump, Tamadoge entered its beta sale a few weeks ago. The beta presale sold out quickly, and Tamadoge raised almost $7 million during its presale.
The presale lasts until the end of Q4 2022, but the way it has been going, investors should get in on this future crypto project now before TAMA token prices increase substantially. One of the indicators that TAMA’s price could increase drastically is its listing on LBank, a centralized exchange. But TAMA will also be listed on Uniswap, a decentralized exchange.
The exposure of being on these exchanges means more investors will have it in front of their eyes. That could lead to an increase in demand and then price. Another factor influencing TAMA’s price is scarcity. The platform will burn 5% of all tokens spent on the platform.
Players can earn rewards on Tamadoge by competing for the highest leaderboard ranking by grooming and breeding pets. Investors are rewarded with entertainment and TAMA tokens, which they can exchange for other currencies.
Tamadoge is definitely a crypto to buy in a crash because of its popularity during the presale and developments such as a P2E Arcade, which will make interaction with pets more realistic.
Investors who want the latest updates about this cryptocurrency project can stay up to date by subscribing to the Tamadoge Telegram channel. (Admins will never contact subscribers first)
2. Battle Infinity
Battle Infinity is an NFT-based sports game that enables players to earn by entering six different platforms. Investors can start on this play to earn crypto game by buying the IBAT token on Battle Swap.
Players can monetize their land or spend tokens on billboard advertising in the IBAT Premier League, Battle Arena and Battle Games. But players can also earn by entering Battle Stake, enabling players to choose between solo, duo and crates staking.
This NFT project offers players the opportunity to compete for the highest rewards, but it also rewards the most active players from the global staking pool with IBAT tokens. Players can exchange their IBAT tokens for fiat currencies.
The game’s popularity was proven during its presale, which was supposed to last 90 days but sold out within 25 days. Because the demand for IBAT after presale grew, investors wanted it listed on an exchange. And it was listed on PancakeSwap on 17 August 2022. That listing was so popular that investors who bought IBAT during its presale watched the coin pump by 700%.
IBAT has proven that it’s one of the best crypto under $1, and investors who missed out on the presale and the initial decentralized offering (IDO) can still buy the coin on PancakeSwap.
The best way to stay informed about the project’s developments is by joining the Battle Infinity Telegram channel.
3. Lucky Block
Lucky Block is an NFT competition platform that provides several major prizes for Lucky Block NFT holders to win. Some of the prizes include a house worth $1 million, a Lamborghini and $1 million in Bitcoin.
For investors to stand a chance of winning these prizes, they have to hold LBLOCK, the platform’s native token. Another great benefit of owning LBLOCK is the potential capital gains. Investors who bought the coin when it debuted in January 2022 have profited handsomely.
But this platform is constantly looking for ways to innovate, so it has developed LBLOCK V2, an ERC 20 token – investors pay zero tax on buying or selling the token.
It seems that the coin pumps when it’s listed on exchanges. So far, an LBLOCK listing on LBank and MEXC has occurred. Gate.io has announced that it will list LBLOCK V2 on 1 September 2022. Could it be possible that LBLOCK will have another price pump when Gate.io lists it?
The only way to avoid missing out on another potential price pump is by buying LBLOCK.
Conclusion
The crypto market crash has brought most altcoins down, but a few cryptocurrencies have proven to be popular crypto winter tokens. And that’s evident by their market demand and exchange listings.
One of those coins is Tamadoge. It has raised almost $7 million during its presale, and its listings on LBank and Uniswap could potentially increase the demand for TAMA even more.