Bitcoin Halving Countdown: 3 Altcoins That May Increase in Value

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As we move towards 2024, the cryptocurrency market is characterized by a cautious but hopeful tone. This is reflected in the sideways movement of major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) and a moderate increase in the second half of the previous year. The green light for Bitcoin spot ETFs, the expected introduction of Ethereum ETFs, and the upcoming Bitcoin halving are important elements fueling this optimism and likely to increase trading activity and market liquidity.

However, the market is approached with some caution. The adage “buy the rumor, sell the news” seems applicable and suggests that the market may have already priced in these positive developments. Bitcoin halving, which cuts off new bitcoin mining reward and acts as an anti-inflation mechanism, is expected to increase market prices by restricting supply.

In this environment, some altcoins attract great attention. While they may not have direct ties to Bitcoin (BTC), there is enough evidence to suggest that the halving event could add momentum to the respective prices. In particular, we have identified three cryptocurrencies that appear to have sufficient catalysts to send prices significantly higher following the halving event.

ScapesMania: A Newcomer to the Crypto Scene

ScapesMania’s pre-sale is almost over and the fundraising phase is expected to be completed in February. Following this, the project will make its debut on exchange platforms, a potential launchpad for the token’s journey to the moon.

Once listed, supported by skilled marketing efforts, ScapesMania continues to expand. The project offers its owners exciting opportunities such as buyback, burning and staking. Early buyers also have the chance to receive a bonus of up to +102%.
Moreover, the token’s utility is designed for longevity. This isn’t just another temporary meme based on hype.

Don’t miss your chance; Secure your coins now at a discounted price. You need to act fast as the pre-sale is coming to an end!

Project Highlights

ScapesMania has emerged as a one-of-a-kind gaming ecosystem that appeals to two different audiences. It offers an immersive experience to casual gamers while enabling crypto enthusiasts to reap the rewards of the project’s performance and actively shape its future.

For many crypto enthusiasts, ScapesMania has already become one of the best new projects of 2024 and beyond. The community’s excitement is evident as the project has successfully raised over $5,000,000 to date from crowd/retail contributions alone.

Pre-Sale Opportunities

If you’re looking for more predictable growth, take a closer look at ScapesMania’s proposal. The pre-sale offers buyers the chance to take advantage of early bird registration by purchasing tokens at a whopping 20% ​​discount.

Note that the discount won’t last forever; The clock is ticking and anyone who wants to take advantage of this offer needs to act quickly. Also, although it’s still breaking news, there’s still time to follow the crypto whales with over $20,000 in deposits – they recently made significant moves and bought a significant amount of ScapesMania.

>> Presale Closing: Last Chance to Secure Discounted Tokens <<<

Growth Potential

A closer look at ScapesMania’s tokenomics and other characteristics provides insight into why it may be one of the best altcoins to hold right now. The ecosystem operates in the burgeoning $376 billion gaming industry, which is expected to reach $521.60 billion by 2027.

The innovative basic idea, impressive pre-sales numbers, $100,000 giveaway, endless excitement on social media and other positive aspects suggest that ScapesMania can continue its winning journey.

Pre-Sale Countdown: Limited Time Left

The listing date is almost here, so don’t get left behind. Seize the opportunity to be a part of the ScapesMania launch and potentially benefit from it. Hurry to secure your coins at a discounted price; Time is very important!

If you are already into everything ScapesMania has to offer, there is a unique opportunity for you: a specially offered code, GMY507. Limited time offer is only valid for a limited time since the article was published. This is your best chance to win a 10% bonus once you enter GMY507 in a special area at checkout, so act fast, the clock is ticking.

Ethereum (ETH): Bullish Outlook Amid Resistance Challenges

Ethereum (ETH) recently exhibited a bullish structure with key resistance levels at $2.4K and $2.6K on the weekly chart. Bitcoin (BTC) spot ETF approval news briefly pushed Ethereum to a local high of $2.7K, but it was rejected at that level. The weekly market structure continues to rise and $2.1K is the lowest.

Ethereum (ETH) price action shows that the $2100-2200 range is an important demand zone. The $2370 resistance could pose a challenge for Ethereum (ETH) bulls because this area has served as a supply zone in the past. The price has shown resilience in recovering from the lower end of its range.

The future of Ethereum (ETH) looks cautiously optimistic. The $2420-$2450 area is estimated to have liquidation levels close to $3 billion, with more resistance at higher levels. Swing traders may consider booking profits at these levels. However, the bearish momentum shown by the RSI may change, and the OBV shows balanced strength between buyers and sellers.

Solana (SOL): Rising with Meme Coin Excitement and DePIN Market Share

Solana (SOL) has been on the rise recently, joining other well-performing cryptocurrencies. Solana (SOL) token rose significantly, reaching its highest point since mid-January. Solana’s (SOL) role in the meme coin industry has contributed to its performance, especially with the rise of Bonk and Wen tokens.

Solana (SOL) price increase is associated with its increasing role in the meme coin industry and its favored blockchain status for meme coin launches and trading. Solana (SOL) token formed a long-legged doji pattern on January 23, signaling a potential reversal and remained above the 50-day and 100-day Exponential Moving Averages (EMA).

The outlook for Solana (SOL) is bullish as it approaches the psychological $100 level. A break above this level could spark a rally towards last year’s high at $126; this represents a 27% increase from the current level. However, reliance on the volatile meme coin market and the DePIN sector can lead to unpredictability. The challenge for Solana (SOL) will be to maintain momentum and market share in these rapidly evolving sectors while combating the inherent volatility.

Avalanche (AVAX): A Sudden Increase in Market Performance

Avalanche (AVAX) witnessed a 10% increase in its price last week, making it one of the top gainers among leading cryptocurrencies by market cap. This increase pushed Avalanche (AVAX) to a 10-day high of $36 and was accompanied by a 34% increase in daily trading volumes. This recovery has raised expectations for a more permanent increase in Avalanche (AVAX) price, especially considering the selling pressure it has faced since the beginning of the year.

The recent price increase in Avalanche (AVAX) may be linked to increased activity on The Arena, an Avalanche-based decentralized social application. Avalanche (AVAX) is The Arena’s utility token, so its value is closely tied to the success of the app. Additionally, Open Interest (OI) on Avalanche (AVAX) futures has seen a significant increase of 20%, indicating increased interest in the futures market.

The immediate outlook for Avalanche (AVAX) is bullish as demand increases in the futures market and the popularity of The Arena app increases. But relying on a single decentralized application for the rise poses a risk. The sustainability of Avalanche (AVAX) price growth will depend on the continued success and adoption of The Arena and similar projects in the Avalanche network. While short-term prospects look promising, the long-term stability of Avalanche (AVAX) price will depend on broader market adoption and the platform’s ability to maintain its momentum in the decentralized application space.

Solution

The crypto market in 2024 is marked by a mix of cautious optimism and strategic positioning, especially in the context of the upcoming Bitcoin halving. The structure of the crypto market at that time seems favorable for altcoins, as various alternative picks continue to attract the attention of smart buyers, including ScapesMania, which has recently become the talk of the town among crypto whales.

Site: https://scapesmania.io/
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania

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