As we move through 2024, the cryptocurrency market is characterized by a cautious yet hopeful sentiment. This is reflected in the sideways movement of major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), along with a modest rise in the latter part of the previous year. The green light for Bitcoin spot ETFs, the expected introduction of Ethereum ETFs, and the approaching Bitcoin halving are pivotal elements fueling this optimism, likely to enhance trading activity and market liquidity.
Nonetheless, the market is approached with a degree of wariness. The adage “buy the rumor, sell the news” seems applicable, suggesting that the market may have already priced in these positive developments. The Bitcoin halving, an event that cuts the reward for mining new bitcoins and acts as an anti-inflationary mechanism, is anticipated to bolster market prices by constraining supply.
In this environment, certain altcoins are drawing major interest. They might not have direct ties to Bitcoin (BTC), but there’s enough evidence to suggest that the halving event might add momentum to their respective prices. In particular, we have identified three cryptocurrencies that seem like they could have sufficient catalysts to send prices significantly higher subsequent to the halving event.
ScapesMania: A Newcomer to the Crypto Scene
ScapesMania’s presale is almost over, with the fund collection phase expected to finish in February. Following that, the project will make its debut on exchange platforms – the potential launchpad for the token’s journey to the moon.
Supported by skilled marketing efforts after listing, ScapesMania continues to expand. The project offers exciting opportunities such as buyback, burn, and staking for holders. Early buyers also have the chance to receive up to +102% in bonuses.
What’s more, the token’s utility is built for longevity. It’s not another fleeting meme reliant on hype.
Don’t miss your chance – secure your tokens at a discounted price now. As the presale is racing to its close, you need to act swiftly!
Project Highlights
ScapesMania emerged as a one-of-a-kind gaming ecosystem that caters to two distinct audiences. It offers casual gamers an immersive experience while empowering crypto enthusiasts to enjoy the rewards of the project’s performance and actively shape its future.
For many crypto enthusiasts, ScapesMania has already become one of the top new projects for 2024 and beyond. The community’s excitement is evident as the project has successfully secured $5,000,000+ to date solely from crowd/retail contributions.
Presale Opportunities
If you’re looking for more predictable growth, take a closer look at ScapesMania’s proposition. The presale offers buyers a chance to reap the early bird advantage by acquiring tokens at a whopping 20% discount.
Note that the discount won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast. Also, while it’s still somewhat breaking news, you have enough time to follow the crypto whales with deposits of $20,000+ – they’ve recently made significant moves, acquiring a substantial amount of ScapesMania.
>>> Presale Closing: A Final Chance to Secure Discounted Tokens <<<
Growth Potential
A closer examination of ScapesMania’s tokenomics and other features provides insight into why it could be one of the best altcoins to hold now. The ecosystem operates within the flourishing $376 billion gaming industry which is only projected to grow, reaching $521.60 billion by 2027.
The innovative core idea, impressive presale figures, $100,000 giveaway, undying social media hype, and other positive aspects suggest that ScapesMania could continue its winning journey.
Presale Countdown: Limited Time Left
The listing date is almost here, so don’t lag behind. Seize an opportunity to be a part of the ScapesMania launch and to potentially benefit from it. Hurry to secure your tokens at a discounted price – time is of the essence!
If you’re already on board with everything that ScapesMania has to offer, there’s a unique opportunity for you: a special offered code, HJV209. The limited-time offer is only valid for a limited time since the article’s publication. It’s your best chance to get a bonus of 10% after entering HJV209 in a special field at checkout, so act fast, the clock is ticking.
Ethereum (ETH): A Bullish Outlook Amid Resistance Challenges
Ethereum (ETH) has recently exhibited a bullish structure on the weekly chart, with significant resistance levels at $2.4k and $2.6k. The Bitcoin (BTC) spot ETF approval news briefly propelled Ethereum to a local high of $2.7k, but it faced rejection at this level. The weekly market structure remains bullish, with $2.1k being the higher low.
Ethereum (ETH) price action suggests that the $2100-$2200 range is a key demand zone. The resistance at $2370 could pose a challenge for Ethereum (ETH) bulls, as this zone has served as a supply zone in the past. The price has shown resilience in bouncing back from the lower end of its range.
The future of Ethereum (ETH) looks cautiously optimistic. The $2420-$2450 area is estimated to have close to $3 billion worth of liquidation levels, with further resistance at higher levels. Swing traders might consider booking profits at these levels. However, the bearish momentum indicated by the RSI could change, and the OBV suggests a balanced strength between buyers and sellers.
Solana (SOL) has surged recently, joining other well-performing cryptocurrencies. The Solana (SOL) token has risen significantly, reaching its highest point since mid-January. Solana (SOL) role in the meme coin industry, particularly with the rise of Bonk and Wen tokens, has contributed to its performance.
Solana (SOL) price surge is associated with its growing role in the meme coin industry and its preferred blockchain status for meme coin launches and trading. The Solana (SOL) token formed a long-legged doji pattern on January 23rd, indicating a potential reversal and remaining above the 50-day and 100-day Exponential Moving Averages (EMA).
The outlook for Solana (SOL) is bullish as it approaches the psychological level of $100. A break above this level could lead to a further surge towards last year’s high of $126, representing a 27% increase from the current level. However, the reliance on the volatile meme coin market and the DePIN sector could introduce unpredictability. The challenge for Solana (SOL) will be to maintain its momentum and market share in these rapidly evolving sectors while navigating the inherent volatility.
Avalanche (AVAX): A Sudden Surge in Market Performance
Avalanche (AVAX) has recently witnessed a 10% jump in its price over the last week, making it one of the top gainers among the leading cryptocurrencies by market cap. This surge has brought Avalanche (AVAX) to a 10-day high of $36, accompanied by a 34% spike in daily trading volumes. This rebound has raised expectations for a more sustained rise in Avalanche (AVAX) price, especially considering the selling pressure it faced since the beginning of the year.
The recent price surge in Avalanche (AVAX) could be linked to increased activity on an Avalanche-based decentralized social app, The Arena. As Avalanche (AVAX) is the utility token of The Arena, its value is closely tied to the app’s success. Additionally, the Open Interest (OI) in Avalanche (AVAX) futures has seen a significant 20% jump, suggesting heightened interest in the futures market.
The immediate outlook for Avalanche (AVAX) appears bullish, with increased demand in the futures market and the rising popularity of The Arena app. However, the reliance on a single decentralized application for its surge poses a risk. The sustainability of Avalanche (AVAX) price rise will depend on the continued success and adoption of The Arena and similar projects on the Avalanche network. While the short-term prospects seem promising, the long-term stability of Avalanche (AVAX) price will hinge on broader market adoption and the platform’s ability to maintain its momentum in the decentralized application space.
Conclusion
In 2024, the crypto market is marked by a blend of cautious optimism and strategic positioning, especially in the context of the upcoming Bitcoin halving. The structure of the crypto market at the time appears favorable for altcoins, as a variety of alternative picks continue to draw attention from smart buyers, including ScapesMania, which recently became the talk of the town among crypto whales.
Site: https://scapesmania.io/
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania
