The crypto market is currently focused on a legal dispute involving Ripple (XRP) and the right to sell XRP tokens. This debate, sparked by an exchange between Ripple (XRP) advocate Bill Morgan and analyst “Darkhorse,” focuses on whether Ripple’s sales of XRP would be considered investment contracts under U.S. Securities law. While Morgan defends Ripple’s legal freedom to sell, others point to the potential reclassification of these sales as securities transactions.
Amid this controversy, Ripple (XRP) transferred 80 million XRP tokens worth approximately $46.18 million, causing speculation within the Ripple (XRP) community. This has caused market volatility for Ripple (XRP), with a recent price drop of 6%. In contrast, there are several altcoins with strong legal standing and an equally solid trajectory for potential growth. We have compiled a list of the most promising projects that have the potential to trigger a major change in the market in the near future.
Top altcoins with potential to increase market cap in 2024
- ScapesMania: A developing pre-sale project that offers significant early registration opportunities.
- Cosmos (ATOM): An inflation reduction proposal is being implemented to increase value for stakeholders.
- Near Protocol (NEAR): A significant price increase is occurring, indicating a bullish market trend.
- Optimism (OP): It is undergoing network upgrade to increase efficiency and attract more users.
- Aptos (APT): It shows market resilience with the recent price increase despite wider fluctuations in the market.
ScapesMania: A new project entering the crypto scene
ScapesMania is reaching new heights in the crypto universe, grab your last chance to take advantage of early bird registration!
The fundraising campaign is moving towards completion in February, paving the way for immediate listing on tier 1 platforms. After listing, the token has the potential to reach the moon.
What are the catalysts fueling the expected growth? The first is a powerful post-listing marketing strategy from an experienced team with extensive expertise.
Moreover, holding ScapesMania tokens is not just a passive activity; Holders can enjoy a number of benefits such as token redemption, burning and staking.
Moreover, the token’s utility goes beyond temporary trends. Unlike meme coins based on short-lived excitement, ScapesMania was created with lasting value and practical application in mind.
As the pre-sale ends, you should act quickly and get your discounted tokens now! The countdown has begun; Don’t let this chance pass you by.
Pre-sale opportunities
ScapesMania could be an attractive opportunity for early adopters. This groundbreaking project comes not only from the crowd/retail sector $4,400,000 raised funds on and on a daily basis consistently over $50,000 provided financing. ScapesMania is gaining traction on tier-1 crypto media platforms and receiving endorsements from well-known crypto influencers.
Post-listing, today’s backers could be looking at potentially huge gains, meaning ScapesMania could outperform all major asset classes and beyond. The S&P 500, gold, bonds, and even the cryptocurrency market as a whole are not expected to achieve such returns in 2024.
Moreover, participating in ScapesMania is now total A bonus of up to +107% unlocks its treasury as well as special opportunities such as token buybacks, burns and staking.
As ScapesMania continues to evolve, the project’s returns have the potential to exceed even expectations.
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 above-mentioned benefits have made crypto whales with checks over $20,000 choose ScapesMania, and it might be interesting enough for you too. 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.
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Cosmos (ATOM): Inflation reduction proposal and market dynamics
The Cosmos (ATOM) community is currently voting on an important proposal to set the minimum inflation rate at 0%. This follows an earlier decision to cap the maximum inflation level at 10%. The proposal, if accepted, aims to benefit Cosmos (ATOM) shareholders and owners by reducing inflation. This move is expected to address the Cosmos (ATOM) emission issue because the network produces 7% more tokens annually even if the entire supply is staked.
The proposal to reduce inflation could have a significant impact on the price of Cosmos (ATOM). A lower inflation rate generally makes a cryptocurrency more attractive to investors because it indicates a more stable and potentially scarce supply over time. However, the price of Cosmos (ATOM) has experienced fluctuations that reflect the natural volatility of the cryptocurrency market.
The future of Cosmos (ATOM) price depends on the outcome of the inflation bid and broader market dynamics. If approved, the proposal could lead to increased demand for Cosmos (ATOM) and possibly its price. However, the cryptocurrency market is unpredictable and external factors such as regulatory changes and market sentiment may also affect Cosmos (ATOM) price trajectory.
Near Protocol (NEAR): Rising to new heights
Near Protocol (NEAR) saw a significant price increase recently and reached a 440-day high of $3.44. This rise is attributed to the break of the descending resistance trend line that has been going on for more than a year. Price action was supported by bullish technical indicators, including a rising Relative Strength Index (RSI). Near Protocol (NEAR) recent price action indicates a strong uptrend with the potential to continue the uptrend. The breakout of long-term resistance and positive RSI readings indicate positive market sentiment towards Near Protocol (NEAR). However, the volatility of the cryptocurrency market means these trends can change quickly.
The future price of Near Protocol (NEAR) looks promising and technical analysis points to further upside potential. Near Protocol (NEAR) could see significant gains if it maintains its momentum and stays above key resistance levels. However, market unpredictability and possible changes in investor sentiment complicate this optimistic outlook.
Optimism (OP): Embracing base upgrade
Optimism (OP), a layer 2 scaling solution for Ethereum, is undergoing a major network upgrade and hard fork known as the “Bedrock” upgrade. BNB, one of the largest cryptocurrency exchanges, announced its support for this upgrade, highlighting the importance of layer 2 solutions in the blockchain industry. The network upgrade and hard fork are expected to increase transaction speeds and reduce costs on the Optimism network, potentially increasing its attractiveness to users and investors. While trading of Optimism (OP) tokens will not be affected during the upgrade, the market may react to these developments in various ways.
The success of the “Bedrock” upgrade could positively impact the price of Optimism (OP), as it demonstrates Optimism’s (OP) commitment to improving the efficiency and scalability of the network. However, broader market conditions and investor sentiment towards layer 2 solutions will play a crucial role in determining the future price of Optimism (OP).
Aptos (APT): Resilience in a volatile market
Aptos (APT), a Layer 1 PoS Blockchain, has shown resilience to recent Bitcoin price fluctuations, with its price rising over 10% in a matter of hours. Aptos (APT)’s unique features and recent developments have contributed to its strong market performance. At the time of writing, the live price of Aptos (APT) is $9.76 with a significant 24-hour trading volume. Aptos (APT) maintains a significant market value despite minor declines and positions itself as a major player in the cryptocurrency market.
Aptos’ (APT) ability to withstand market fluctuations and solid foundation offer a positive outlook for its future price. However, the inherent volatility of the cryptocurrency market and external factors such as regulatory changes and market trends will affect Aptos (APT) price trajectory.
Conclusion
The crypto market in 2024 is marked by a significant shift in focus from established cryptocurrencies such as Ripple (XRP) to emerging altcoins with promising potential. The legal controversy surrounding Ripple and XRP sales has led to uncertainties in the market, contributing to the decline in the Ripple (XRP) price. In contrast, altcoins like ScapesMania are gaining momentum. The pre-sale success of this specific project positions it as one of the biggest and most impressive potential winners in today’s market.
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