The Bitcoin and altcoin market is currently focused on progress towards establishing a spot-ETF (Exchange Traded Fund) market. Bitcoin (BTC) gained 3.35% on Wednesday and revisited the $44,000 mark for the first time since early December. This increase in Bitcoin’s value coincides with ongoing discussions between issuers and the SEC regarding the structure of Bitcoin-spot ETFs. Grayscale, a major player in the crypto investment space, continues to advocate redemptions for both In-Kind and Cash creations and BTC-spot ETPs (Exchange Traded Products).
5 altcoins to buy before the next bull run
While the prospect of Bitcoin ETFs was a big headline, it was altcoins such as Solana (SOL), Cardano (ADA), Sei (SEI), Internet Computer (ICP), Kaspa (KAS), and ScapesMania that attracted investors’ attention. This trend highlights the growing appeal of alternative cryptocurrencies beyond the dominant Bitcoin narrative. Considering Bitcoin’s potential growth in January 2024, each of these coins has strong technical and fundamental support for significant potential gains in the coming weeks and months. Let us explain this in more detail in the text below.
5 altcoins to buy before the next bull run
- ScapesMania: Rapid growth in the pre-sales phase indicates high potential for future earnings.
- Solana (LEFT): It is exhibiting a strong uptrend influenced by the Bitcoin market.
- Cardano (ADA): It is on the verge of a rise supported by solid foundations.
- Sei (SEI): An upsurge is occurring, but future trends remain uncertain.
- Internet Computer (ICP): Significant increase with potential short-term corrections.
- Kaspa (KAS): Expansion and price growth indicate cautious growth.
ScapesMania: Rising star
In current market conditions, ScapesMania emerges as an attractive opportunity for early adopters. This groundbreaking project has raised more than $2,254,000 from the individual investor sector alone, consistently providing $51,000-$77,000 in funding daily. ScapesMania is gaining traction on tier 1 crypto media platforms and endorsements from well-known crypto influencers.
ScapesMania highlights
ScapesMania is no ordinary crypto asset; It is a vibrant gaming ecosystem that caters to the interests of both casual gamers and crypto-savvy audiences. As a player, you do not need to deal with the complexities of crypto to enjoy the fascinating game. On the other hand, token holders can reap the rewards of the ecosystem’s performance and shape its future without playing.
The team behind ScapesMania prioritizes transparency and maintains open social media profiles. The project has passed audits from the industry’s leading security ranking companies, instilling confidence in early adopters. ScapesMania is already making waves on major streaming sites and is in talks to list it on major exchanges.
Pre-sale opportunities
The price of ScapesMania during the early bird pre-sale phase is $0.004568. With the list price set at $0.01 per coin, early backers could be looking at a potential return of 2.2. What’s more, participating in ScapesMania unlocks a treasure trove of bonuses totaling up to 127%, along with special opportunities such as token redemptions, burns, and staking. With today’s 60% discount, ScapesMania tokens are an opportunity not to be missed. The price will increase as each subsequent sale phase progresses, reaching $0.01 per token once the pre-sale ends. Now might be the time to join the ranks of ScapesMania owners.
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Solana (SOL): Upside expectations are stabilizing
Solana (SOL) has been experiencing a strong uptrend, reaching higher highs over the past three months. This growth trajectory continues despite regulatory challenges, most notably the U.S. Securities and Exchange Commission (SEC) labeling Solana (SOL) a security. The ecosystem is increasingly seen as a strong competitor in the altcoin space, recently surpassing Ripple in market cap.
Solana (SOL) price has risen 550% since the beginning of June, challenging the negative sentiment around the SEC’s security label. If Bitcoin establishes support above $44,200, the price could potentially rise 20% to the $100 level by the end of 2023. However, a rejection at $92.76 could lead to a decline and test lower support levels. Solana (SOL) bullish outlook depends on Bitcoin’s performance; A strong Bitcoin could potentially push Solana (SOL) higher. However, a break below key support levels could invalidate this bullish thesis; The potential decline could fall as low as $12.80, marking an 85% decline from current levels.
Cardano (ADA): Ready to rise with strong fundamentals
Cardano (ADA) is approaching a significant upside, with its Total Value Locked (TVL) maintaining its solid position above $425 million. This shows increasing trust and interest in the Cardano (ADA) ecosystem. The platform’s continuous development and strategic partnerships contribute to positive market sentiment. Cardano (ADA) is on the verge of a 14% increase and is targeting the $0.70 mark. This expected 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 the current range and reach new highs.
While Cardano’s prospects seem optimistic with the potential to rise to $0.70, the path is not without its challenges. Market volatility and competitive pressures may affect Cardano (ADA) price movement. However, if the platform continues to innovate and attract more users, the bullish scenario may come true.
Sei (SEI): Gaining momentum in the altcoin market
Sei (SEI) has recently seen a significant 50% increase and has outperformed many leading cryptocurrencies. This increase is a testament to the growing interest and momentum behind Sei. The factors driving this momentum are worth watching for both traders and investors. The recent 50% increase in the Sei (SEI) price is indicative of strong market interest. Investors are likely watching to see if this momentum can be sustained or if there will be a temporary uptick.
While the recent rally paints a bullish picture for Sei (SEI), the unpredictable nature of the market means this momentum could continue or face a correction. The lack of detailed information makes it difficult to predict its future, but the current trend shows increasing interest in Sei (SEI).
Internet Computer (ICP): Potential fixes
Internet Computer (ICP) recently saw a significant 90% increase, breaking out of key resistance levels. This indicates a strong bullish sentiment in the market. However, the short-term outlook remains bearish, indicating a potential consolidation or correction phase. Internet Computer (ICP) price reached a new yearly high but has since seen a decline. Despite this, it is still trading above important support levels. The market is watching to see if Internet Computer (ICP) can sustain its gains and continue its upward path.
The future of Internet Computer (ICP) is mixed, with bullish signs in the long term and bearish signs in the short term. The ability to hold above key support levels will be crucial. If Internet Computer (ICP) can maintain its momentum, there is potential for further gains, but a break below support could lead to a significant decline.
Kaspa (KAS): Positive rise after the announcement
Kaspa (KAS) has expanded its reach with new mining pools at BSC and Polygon; This indicates a growing ecosystem and increasing opportunities for liquidity providers. This expansion is a positive sign for the adoption and usability of Kaspa (KAS). Kaspa (KAS) price saw a 5% increase following the announcement of new mining pools. Forecasts show a modest 9% increase to $0.1398 within a month. This reflects a cautiously optimistic outlook in the market.
While the predictions for Kaspa (KAS) are somewhat positive, the actual outcome will depend on broader market trends and the success of new mining pools. If these pools attract significant liquidity and user interaction, Kaspa (KAS) could gain even more.
Conclusion
Focused on the development of the spot ETF market, the current crypto market is a mix of foresight and strategic moves. Bitcoin’s recent rise and ongoing discussions about Bitcoin spot ETFs are crucial in shaping the direction of the market. In the midst of this, altcoins such as Solana (SOL), Cardano (ADA), Sei (SEI), Internet Computer (ICP), Kaspa (KAS), and ScapesMania are emerging as major players, each with unique prospects and challenges. The potential for significant profits with each coin is strong, but the innovative gaming ecosystem ScapesMania seems to offer the biggest advantage.
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