Bitcoin Price Is Crashing – What To Do Now

For many, the recent cryptocurrency crash looks like an opportunity to buy the decline. But many feel that the worst is yet to come. Many factors are responsible. Primarily due to his recent FTX demise, the cryptocurrency market has been shaken under pressure and it is very visible. Bitcoin’s price is also crashing, creating fear and uncertainty among investors.

In fact, it was the first time Bitcoin fell below $16,000 since cryptocurrencies began gaining popularity post-pandemic. With this in mind, crypto investors are looking for opportunities to seek out alternatives that they believe contain the value and utility that other cryptos once promised to offer.

Why is Bitcoin Crashing?

It is not correct to state that crypto markets are the only ones facing heat from the overall macroeconomic scenario around the world. Other investment assets such as stocks and commodities such as gold are similarly falling. .

An inflationary scenario, combined with the geopolitical situation in Ukraine and rising interest rates, contributes to a somewhat lower scenario for equities, cryptocurrencies and commodity markets alike.

However, when it comes to Bitcoin price crashes, we can mostly go back to the recent FTX crash. The collapse of what was once the fourth largest cryptocurrency exchange in the world shocked many. Because the exchange was processing $1 billion worth of trades per day. The damage was not limited to Bitcoin. The FTX exchange holds about $1.2 billion worth of Solana, which has seen a 12% drop over the past 24 hours.

Additionally, many speculate that such a massive collapse and upcoming fraudulent activity may cause authorities to scrutinize the cryptocurrency industry even more with crackdowns and regulations.

What are the alternatives for crypto investors?

With bigger players bearing the brunt of the cryptocurrency crash, there appears to be an alternative that looks like a light at the end of the tunnel. It could act as a hedge for a few days. Below are some of the more promising cryptocurrency projects that look promising to new and seasoned investors alike.

1. Dash 2 Trade (D2T)

Dash 2 Trade is considered one of the most promising cryptocurrency projects at the moment. You seem to understand the pertinent pain point that affects all investors in the crypto markets: volatility.

Dash 2Trade’s analytical solutions and tools help investors overcome volatility and invest wisely and cautiously at each step. Rather than focusing solely on technical indicators, we aim to provide a decent ecosystem that is accessible to the masses. The recent reaction to the presale has been very clear, with the project raising $4 million in presale stage 1.

Dash 2 Trade’s platform offers much more than just access to trading indicators.

• socializing index: Focuses on investor sentiment about cryptocurrencies and uses on-chain analytics insights to provide data on recent significant price movements in crypto value.
• strategy building When back test: This is another interesting feature of Dash 2 Trade. It helps investors create customized investment and trading strategies using the data available on the platform. Additionally, the backtesting feature allows users to recreate market conditions and test strategies before stepping into the real market.
• Independent technical indicators: The platform provides technical indicators such as order book statistics, Fibonacci retracement levels, RSI, moving averages, bands and supports to make informed investment decisions.
• Listing Alert: These listing alerts warn investors when cryptocurrencies are listed on CEX.

The D2T platform will offer a three-tier subscription model for investors to explore. With a robust roadmap and much more, investors can expect a lot from D2T in the coming days.

2. IMPT.io

It’s no secret that the cryptocurrency industry is often a contributor to emissions and climate change due to cryptocurrency mining and other activities.

This is where IMPT.io steps in, offering a unique solution for both organizations and individuals. With the help of the IMPT.io platform, users can actually contribute to the fight against climate change and focus on real world issues. Launched in October 2022, the platform already partners with over 10,000 brands, is based on Ethereum’s Proof of Stake consensus network, and consumes less energy than traditional Proof of Work methods. .

With the entry of IMPT.io, users will be able to easily purchase carbon credits by using their wallet’s IMPT tokens to shop from one of our partner brands. Users can also purchase carbon credits directly from her IMPT.io marketplace.

In the current pre-sale stage 1, the cryptocurrency project is doing quite well, raising $6.6 million in 369 million IMPT tokens out of 600 million tokens already sold.

The platform has three main areas that users can interact with and utilize.

• IMPT.io Carbon Marketplace
• IMPT.io shopping platform
• IMPT.io social platform

Investors and experts alike are watching the development and roadmap of IMPT and how it will evolve further.

3. Calvaria (RIA)

Calvaria gives you the best of both worlds. This allows users to play and earn at the same time.

Since its inception, Calvaria has been able to target both gamers and non-gamers based on its strong story, revenue opportunities and interactive gameplay.

Calvaria: Duels of Eternity is a blockchain game based on a digital collection in the form of cards, each card has its own characteristics and each card represents an NFT. Calvaria aims to harness the real and virtual worlds of cryptocurrencies. We are focused on increasing the general adoption of cryptocurrencies through play-to-earn cryptocurrency games.

The game allows users to create their own strategies to compete against each other using the cards they hold. Further adding to the more believable atmosphere is that players truly own the resources they can buy by investing in or playing the game.

At the heart of Calvaria is its native token $RIA. The native token $RIA is further combined by $eRIA (Earned RIA) which users can earn as a reward for playing. Regarding $RIA’s tokennomics, the total supply is limited to 1 billion $RIA tokens, of which 30% or 300 million will be available for sale during the ongoing presale.

Bottom line: use utility-first crypto

Amidst the fanfare cryptocurrencies received in 2021, the same results in 2022 point to one universal observation. Cryptocurrencies may have grabbed the spotlight, but it was the ones that offered the most utility and value to customers that were able to stay relevant and grab the spotlight this year.

Bigwigs like Ethereum and Bitcoin have seen a significant drop in their value, but as of this writing Bitcoin is slightly above the $16,000 support, so it could be a bit more stable. However, some believe it could be even lower.

Cryptocurrencies like IMPT, which are currently in the pre-sale stage, are already making a lot of money based on their credibility and the potential for an increase in value in the near future.

If you are a seasoned crypto investor or a newbie wanting to explore the crypto market, these cryptocurrencies seem to be a good fit for you considering that they seem to have reacted poorly to the recent crypto crash. The holistic experience you promise to deliver to your users.

Investors are always expected to build and diversify their portfolios, but they should do so with their risk appetite in mind. Conducting due diligence and research can go a long way in ensuring a safer and least risky investment.

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