The cryptocurrency market is currently focused on progress towards establishing an Exchange-Traded Fund (ETF) spot market. Bitcoin (BTC) rose 3.35% on Wednesday, crossing the $44,000 mark for the first time since the beginning of December. This rise in the value of bitcoin coincides with ongoing discussions between issuers and the SEC regarding the structure of bitcoin ETFs. Grayscale, a major player in the crypto investment space, continues to advocate for in-kind and cash creations and redemptions for bitcoin ETPs.
While the anticipation of Bitcoin ETFs has grabbed the headlines, it has been altcoins like Solana (SOL), Cardano (ADA), Sei (SEI), Internet Computer (ICP), Kaspa (KAS), and ScapesMania which capture the interest of investors. This trend highlights the growing appeal of alternative cryptocurrencies beyond the mainstream view of bitcoin.
Given the potential growth of bitcoin in January 2024, each of these coins has strong technical and fundamental support for significant potential gains in the weeks and months to come. Let us explain it to you in more detail below.
5 altcoins to buy before the next bull cycle:
- ScapesMania: Rapid growth in the pre-sale phase, indicating a high potential for future earnings ;
- Solana (SOL): A strong upward trend influenced by the bitcoin market;
- Cardano (ADA): Poised to soar, supported by strong fundamentals;
- Sei (SEI): Booming, but future trends remain uncertain;
- Internet Computer (ICP): Significant increase with potential short-term corrections;
- Kaspa (KAS): Expansion and rising prices point to cautious growth;
ScapesMania: the rising star
Many cryptocurrency experts are already considering ScapesMania as a promising project for 2023 and beyond. This new player has already raised over $2,254,000 in capital/sales alone, with $51,000 to $77,000 raised each day.
Currently in the pre-sale phase, ScapesMania offers cryptocurrency enthusiasts a chance to take advantage of the first-mover advantage by acquiring tokens at an impressive 60% discount. Once the presale ends, the price of the final sale phase will be $0.01 per token, which is higher than the current value of the coin.
The distinctive value of ScapesMania
By examining the tokenomics and characteristics of ScapesMania, it appears to be a potential value among altcoins to hold. The novel core idea related to the game, eye-catching pre-sale numbers, significant hype on social media, and other positive aspects can potentially add value to the token in the long term.
This is why holders of ScapesMania are calling on others to join the pre-sale and support this great project so that everyone can reap the benefits.
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Solana (SOL): The balance of bullish outlook
Solana (SOL) has been in a strong uptrend, marked by higher highs over the past three months. This growth trajectory continues despite regulatory challenges, including the U.S. Securities and Exchange Commission’s (SEC) labeling of Solana (SOL) as a security. The ecosystem is increasingly seen as a strong competitor in the crypto space, recently overtaking Ripple in terms of market capitalization.
Solana (SOL) price has surged 550% since the start of June, defying the negative sentiment surrounding the SEC’s safe harbor. The price could potentially rise by 20% to reach the $100 level by the end of 2023, provided bitcoin builds support above $44,200. However, a rejection at the $92.76 level could lead to a decline, testing lower support levels.
The bullish outlook for Solana (SOL) depends on the performance of bitcoin, with strong bitcoin potentially propelling Solana (SOL) higher. However, a break below key support levels could invalidate this bullish thesis, with a potential fall to $12.80, marking an 85% decline from current levels.
Cardano (ADA): Ready to surge thanks to strong fundamentals
Cardano (ADA) is close to a significant surge, with its total value locked (TVL) maintaining a robust position of over $425 million. This indicates growing trust and interest in the Cardano (ADA) ecosystem. Continued platform development and strategic partnerships contribute to positive market sentiment.
Cardano (ADA) is poised for a 14% jump, targeting the $0.70 mark. This anticipated increase is supported by strong fundamentals and a steady increase in TVL. The market is closely watching Cardano (ADA) for its potential to break out of its current range and reach new highs.
Although Cardano’s outlook appears optimistic with a potential push to $0.70, the path is not without its challenges. Market volatility and competitive pressures could impact the price movement of Cardano (ADA). However, if the platform continues to innovate and attract more users, the bullish scenario could well come true.
Sei (SEI): Capturing altcoin market momentum
Sei (SEI) recently saw a remarkable 50% surge, outperforming many top cryptocurrencies. This rise speaks to the growing interest and momentum behind Sei. The factors driving this dynamic are worth monitoring by traders and investors.
The recent 50% rise in the price of Sei (SEI) is indicative of strong market interest. Investors are likely to monitor whether this momentum can be sustained or whether it is a temporary spike.
Although the recent rise paints a bullish picture for Sei (SEI), the unpredictable nature of the market means this momentum could either continue or face a correction. The lack of detailed information makes it difficult to predict its future, but the current trend suggests growing interest in Sei (SEI).
Internet Computer (ICP): New highs and potential corrections
Internet Computer (ICP) recently saw a significant 90% surge, breaking through key resistance levels. This indicates strong bullish sentiment in the market. However, the near-term outlook remains bearish, suggesting a potential consolidation or correction phase.
Internet Computer (ICP) price hit a new yearly high but has since seen a decline. Despite this, it is still trading above important support levels. The market is waiting to see if Internet Computer (ICP) can maintain its gains and resume its upward trajectory.
The future of Internet Computer (ICP) is mixed, with long-term bullish indicators but short-term bearish signs. The ability to sustain above key support levels will be crucial. If Internet Computer (ICP) can maintain its momentum, it has the potential for additional gains, but a break below support could lead to a significant decline.
Kaspa (KAS): A positive increase after the announcement
Kaspa (KAS) has expanded its reach with new mining pools on BSC and Polygon, indicating a growing ecosystem and increased opportunities for liquidity providers. This expansion is a positive sign for the adoption and usefulness of Kaspa (KAS).
The price of Kaspa (KAS) saw a 5% increase following the announcement of the new mining pools. Forecasts suggest a modest 9% increase to $0.1398 within a month. This reflects cautious optimism on the part of the market.
Although the forecast for Kaspa (KAS) is slightly positive, the actual outcome will depend on overall market trends and the success of its new mining pools. If these pools attract significant liquidity and user engagement, Kaspa (KAS) could see additional gains.
Conclusion
The current cryptocurrency market, which focuses on the development of a spot ETF market, is a mixture of anticipation and strategic moves. Bitcoin’s recent rally and ongoing discussions about bitcoin spot ETFs play a central role in shaping the direction of the market.
In this context, altcoins like Solana (SOL), Cardano (ADA), Sei (SEI), Internet Computer (ICP), Kaspa (KAS), and ScapesMania are emerging as important players, each with unique prospects and challenges .
Given its forward-looking strategic plan and ongoing pre-sale opportunities, ScapesMania could be a promising choice for those looking to establish themselves in the cryptocurrency space. Tokenomics, bonuses during the sales phase and rewards for holders could make ScapesMania an attractive and sustainable business.
Website : https://scapesmania.io/
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania
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