• The S&P 500 is set to close its worst year since 2008, while the bond market is looking to suffer its worst year in modern history.
• Oil is on track to finish up 7% for the year and the dollar has had its best year since 2015.
• Cryptocurrency markets have had a tough year, with Bitcoin and Ethereum closing the year with losses of 65% and 67%, respectively.
It has been a tumultuous year for investors and traders worldwide, with the S&P 500 looking to close out its worst year since 2008 and the bond market about to suffer its worst year in modern history. Futures were lower Friday due to selling in tech stocks as Tesla (TSLA), which rose 8% in Thursday’s rally, is still down a staggering 65% this year and 35% for the month. Meanwhile, oil has sustained much of its gains from last year when it doubled early on, and is now set to finish up 7%. The dollar is slightly weaker yet will be closing out its best year since 2015 after increased demand via Federal Reserve interest rate hikes.
The cryptocurrency market has also experienced quite a year with Bitcoin and Ethereum closing the year with losses of 65% and 67%, respectively, since registering their all-time highs last year. As investors and traders prepare for the new year, it’s important to have a diversified portfolio, particularly in the quickly changing crypto markets.
In light of this, FightOut (FGHT) is an interesting option for investors and traders. FightOut’s highly-anticipated move-to-earn (M2E) app and fitness chain has already attracted $1 million during its week-long private sale, and the presale total has now exceeded an incredible $2.5 million–a feat that is quite rare in the crypto markets. Additionally, the project has an impressive team of experienced developers, advisors, and investors, and the project is expected to have a promising future.
Other cryptos that may be worth considering for investors are BIT, D2T, TON, and CCHG. BIT is a decentralized cryptocurrency backed by gold and offers a safe, secure, and and reliable way to store and transfer value. D2T is a decentralized platform that enables users to create and manage their own digital tokens and store them in secure wallets. TON is a blockchain-based platform that offers fast, secure, and efficient trading and payment services. Finally, CCHG is a crypto-trading platform that allows users to access real-time market data and trade multiple cryptocurrencies.
As the final crypto trading day of 2022 draws near, investors and traders across the globe are filled with anticipation for what the new year might bring. With the financial and risk asset markets looking for a possible recovery in 2023, it’s essential to have a diversified portfolio, especially in the quickly-changing crypto markets. The aforementioned cryptos may be worth considering for investors looking for the next 100x crypto in the new year.