In 2024, the crypto market is experiencing optimism, marked by the sideways trading of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) and a slight upswing in the fourth quarter of the previous year. The approval of Bitcoin spot ETFs and the anticipation of Ethereum ETFs and the upcoming Bitcoin halving are key factors driving this optimism.
However, the market is also marked by a sense of caution. The principle of “buy the rumor, sell the news” seems to be in play. The Bitcoin halving, an event that reduces the reward for mining new bitcoins and is seen as an anti-inflationary measure, is expected to support market prices by limiting supply.
In this context, several altcoins have emerged as potential contenders for Bitcoin (BTC) and Ethereum (ETH) buyers. Due to strong inherent features and lower volatility, some of the below-mentioned cryptocurrencies are speculated to see a massive upturn even before the halving. Read on to find out which ones.
ScapesMania: A Newcomer to the Crypto Scene
ScapesMania reaches new heights in the crypto universe, so make the most of the early bird discount before it’s too late. The project is on track to finish its impressive funding campaign in February, which will allow it to begin listing on popular exchange platforms right away. Post-listing, the token has all the potential to shoot to the moon.
What are the catalysts fueling the anticipated growth? First, it’s a robust post-listing marketing strategy from a seasoned team with extensive expertise. Next, holding ScapesMania tokens isn’t just a passive activity; holders can enjoy a suite of benefits including token buyback, burn, and staking.
Furthermore, the token’s utility lasts beyond passing fads. Unlike meme coins reliant on short-lived hype, ScapesMania is built with enduring value and practical application in mind.
As the presale is drawing to a close, you need to act fast and grab your discounted tokens now! The countdown has begun – don’t let this chance pass you by.
Post-listing, today’s backers could be looking at potentially sizable gains, meaning that ScapesMania could outperform all major asset classes and beyond. S&P 500, gold, bonds, and even the cryptocurrency market as a whole are not expected to reach such returns in 2024.
Key Highlights of ScapesMania
ScapesMania is not a regular crypto asset; it’s a vibrant gaming ecosystem that caters to the interests of both casual players and crypto-savvy audiences.
The above-mentioned upsides have already attracted crypto whales with deposits of $20,000+ to opt for ScapesMania, and it could be compelling enough for you too. The project has undergone audits by industry-leading security-ranking companies, instilling confidence in early adopters. ScapesMania is already making waves on major tracking websites, and negotiations are underway to get it listed on prominent exchanges.
Time Waits for No One: Act Now!
By chipping in now, you’re positioning yourself for immediate possible gains as the project enters the next phase – listing. Understand: this pricing will never be available again. The same way a combined bonus boost won’t be available again as the referral, vesting, and promo code prizes expire post-listing.
If you’re already on board with everything that ScapesMania has to offer, there’s a unique opportunity for you: a special offered code, OCP479. 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 OCP479 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. 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.
Solana (SOL): Rising on Meme Coin Hype and DePIN Market Share
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. 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.
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.
The recent price surge in Avalanche (AVAX) could be linked to increased activity on an Avalanche-based decentralized social app, The Arena. The immediate outlook for Avalanche (AVAX) appears bullish, with increased demand in the futures market and the rising popularity of The Arena app.
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. Notably, altcoins such as ScapesMania are attracting attention as potential avenues for maximizing returns before the halving.
