Impact of TrueUSD’s Peg Loss: Which Cryptos are at Risk?

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The cryptocurrency market is currently facing a significant challenge due to the debasement of stablecoin TrueUSD (TUSD). TrueUSD (TUSD), which is expected to maintain a 1:1 peg with the US dollar, dropped to $0.985. This decline began around January 15, with the coin falling to $0.984 by 23:15 UTC. This situation was further exacerbated by the massive TrueUSD (TUSD) sell-off, with more than $340 million worth of tokens sold in the last 24 hours, resulting in a net outflow of more than $43 million. The removal of the TrueUSD (TUSD) currency has raised concerns in the crypto community, especially after rumors that the TrueUSD (TUSD) issuer had difficulty issuing a report on the collateral backing the coin. This issue arose after the BNB cryptocurrency exchange launched TrueUSD (TUSD), shortly after American regulators launched an investigation into the issuer of BNB USD (BUSD), another stablecoin operated by Paxos.

In the broader context of the crypto market, this incident with TrueUSD (TUSD) has cast a shadow over other cryptocurrencies that were expected to bring stability to the market. New market players probably shouldn’t worry at all as they embrace a different long-term strategy and culture of sustainability, but older, more established projects in the market may face challenges. Instead of worrying about which altcoin’s exchange rate will drop next, line up for major potential growth opportunities that may arise in 2024. Our list contains the most promising emerging altcoins with real potential for rapid expansion.

ScapesMania: A Newcomer to the Crypto Scene

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. To date, the project has been successful only from mass/retail contributions. $4,445,000 sum and calculate this figure every day $43,000-$85,000 The excitement of the community is clearly visible as the number of

Pre-Sale Opportunities

If you’re looking for more predictable growth, take a closer look at ScapesMania’s proposal. Pre-sale, tokens to buyers 25% It offers you the chance to benefit from the early registration advantage by purchasing it at a tremendous discount. When pre-sale ends, list price $0.1 per coin indicating the possibility of lucrative returns for early adopters.

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. Plus, even though it’s still breaking news, you still have enough time to follow the crypto whales; They recently moved to acquire plenty of ScapesMania.

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. Ecosystem, by 2027 to $521.60 billion It operates in the burgeoning gaming industry worth $376 billion, which is expected to grow to reach .

Additionally, ScapesMania owners can benefit from a variety of incentives, including buyback, burn and staking opportunities. Early buyers also +107%‘Bonus up to also has the chance to get it.

Innovative basic idea, impressive pre-sales figures, $100,000 gift, the never-ending excitement on social media, and other positive aspects suggest that ScapesMania can continue its winning journey. The listing date is almost upon us, so you have a very limited time frame to secure your position. It’s a truly special opportunity to be a part of the launch of ScapesMania and potentially benefit from it.

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Polygon (MATIC): A Closer Look at Market Dynamics

Polygon (MATIC) is experiencing significant excitement in the crypto industry with its Proof-of-Stake (POS) system, reaching higher transaction volumes than Ethereum on certain days. This increase in activity is partially attributed to Polygon (MATIC)’s recent partnership with Fox Corporation for content verification, which uses the Polygon blockchain. Additionally, Polygon’s daily active addresses surpass those of Solana (SOL), indicating a growing user base.

Polygon (MATIC) price fluctuates between $0.784 and $1.124. The 10-day moving average is $0.858 and the 100-day moving average is $0.779. Support levels are $0.256 and $0.597, and resistance levels are $1.278 and $1.619.

Polygon’s (MATIC) recent successes and partnerships point to a positive outlook. However, the price is still trading in a bearish trend, indicating potential challenges ahead. The key will be to break resistance levels to sustain growth. The network’s ability to support advanced activities and attract more partnerships will be crucial to its future success.

Solana (SOL): Preparing for Altcoin Season

Solana (SOL) stands out as a potential leader in the upcoming altcoin season. The Altcoin Season Index crossed the critical threshold of 75, signaling a shift in the market from Bitcoin to altcoins such as Solana (SOL). Solana’s high efficiency and low transaction costs have contributed to its growth in popularity.

Solana (SOL) price range is currently between $64.84 and $132.36. The 10-day moving average is $97.12 and the 100-day moving average is $64.26. Support and resistance levels are at $27.97, $163.01 and $230.54 respectively.

Solana (SOL) recent price performance is showing a bullish trend and there could be a potential breakout if it closes above $106 on the four-hours chart. This could lead to an increase towards the $150 region. However, the volatility of the cryptocurrency market requires caution because the momentum may not continue in the long term.

Polkadot (DOT): Maintaining Momentum in 2024

Polkadot (DOT) released its Q4 2023 update highlighting growth in its staking ecosystem and transaction data. Blockchain experienced a surge in transactions towards the end of December with its native cross-consensus messaging format XCM also seeing increased activity.

Polkadot (DOT) price range is currently between $5.85 and $10.06. The 10-day moving average is $7.56 and the 100-day moving average is $5.97. Support and resistance levels are set at $3.50, $11.93 and $16.15.

Despite positive metrics, Polkadot (DOT) price action has entered a bearish trend, falling more than 1% in the last 24 hours. Blockchain’s improving statistics in 2024 point to growth potential, but the recent downward trend and market volatility pose challenges. The ability to maintain high network activity and drive staking growth will be key factors in determining the future performance of Polkadot (DOT).

Solution

The depegging of TrueUSD (TUSD) has significantly impacted the cryptocurrency market, revealing the volatility and interconnectivity of digital currencies. This event highlights the fragility of stablecoins and their impact on the crypto ecosystem. In the midst of this change, it seems logical to look at projects that offer greater growth opportunities and will generate more profits from stablecoins. ScapesMania, for example, is a very impressive project that will produce great results in the always lucrative gaming field.

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

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