Recently, the price of Bitcoin has seen a notable decline, falling more than 12% from $46,700 to $40,901 last week. Despite expectations of an upturn following the approval of spot BTC-ETFs, a downward trend has emerged. Pantera Capital, a leading cryptocurrency-focused hedge fund, reports that the market is entering a “stage two” where altcoins will outperform Bitcoin based on historical precedent. As seen in the 2015-2018 and 2019-2022 bull markets, the final years saw a shift in favor of altcoins.
Currently, Bitcoin’s market dominance has reached a three-month low, with a share of just 50%, suggesting that the BTC price could fall below $40,000. If Bitcoin fails to capitalize on the introduction of spot ETFs, altcoins could see significant growth, including the most promising ones such as Mantle (MNT), Sei (SEI), Blur (BLUR), Ondo (ONDO), and Sui (SUI). there is. , which makes it the best coin to consider investing in, especially for those with limited budgets looking for significant profits in 2024.
Ride the wave of innovation with ScapesMania
With the ScapesMania pre-sale nearing completion in February, the team is working hard to secure a quick listing on popular exchange platforms. The value of the token is likely to increase exponentially after listing.
With years of expertise, the ScapesMania team has created a powerful post-listing marketing strategy. Buybacks, burns, staking and all the perks for holders continue to attract new adopters. DAO governance allows backers to influence and profit from multi-billion dollar industries.
Moreover, the utility of the token is impressive. It’s not just another meme coin whose success relies heavily on trends and hype. ScapesMania (MANIA) is a well-balanced and carefully designed project that serves as a gaming ecosystem.
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Leading the $376 billion gaming industry, ScapesMania leverages the market’s growth potential. Following its exchange debut, holders can expect greater liquidity and easier trading.
Community interest in this project is evident, with over $4,500,000 raised to date through crowd/retail donations alone. In particular, the amount raised is increasing by more than $50,000 every day, and the number of followers has reached more than 60,000, showing a weekly growth rate of 12%.
Growing interest from cryptocurrency whales with checks exceeding $20,000 could accelerate ScapesMania’s transition from niche to mainstream.
ScapesMania’s smart contracts are approved by renowned security ranking companies, giving holders peace of mind. Additionally, ScapesMania’s award-winning team has secured prestigious grants from prominent players in the blockchain industry.
Additionally, ScapesMania is known for putting its community at the forefront. ScapesManias emphasizes driving customer engagement and ensuring that everyone benefits through great token economics and generous rewards.
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Mantle (MNT): Reaching new heights
Mantle (MNT) recently hit an all-time high, showing a strong upward trend since October 2023. After breaking the previous high of $0.53 in December, it continued to rise and currently stands at $0.8. The current surge in Mantle (MNT) is supported by an increasing number of daily transactions, which currently exceed 800,000. The Relative Strength Index (RSI) indicates bullish sentiment, staying above 50 and breaking out of the bearish divergence trend line.
Mantle (MNT) is experiencing a price range between $0.649 and $0.722, with support levels at $0.547 and $0.62 and resistance levels at $0.766 and $0.838. The 10-day moving average of $0.677 and the 100-day moving average of $0.692 suggest steady upward momentum.
Analysts are optimistic about the future of Mantle (MNT), citing increased trading volume and potential in the layer 2 solutions space. Six-hour technical analysis shows the potential for a rise of up to $1.14, a 44% increase from the current price. However, a drop below the second wave low of $0.58 would invalidate this bullish forecast, potentially leading to a 40% decline to the next support level at $0.45.
Six (SEI): Gain momentum
Sei (SEI) is attracting attention due to the significant price surge observed in December 2023. The token’s solid fundamentals and mission to enhance blockchain capabilities have contributed to its rise in popularity. Despite the recent decline, Sei (SEI) maintains high trading volume, showing continued market interest.
Sei (SEI) is trading between $0.572 and $0.799, with support levels at $0.268 and $0.495 and resistance levels at $0.950 and $1.177. The 10-day moving average of $0.662 and the 100-day moving average of $0.713 reflect a generally positive trend.
Sei’s (SEI) growth is supported by its strong foundations and potential for future development. The token is closer to $1 compared to other similar projects. However, its growth trajectory may vary depending on market dynamics and investor sentiment, which may affect its ability to maintain upward momentum.
BLUR: Soars on Strong Market Indicator
Blur (BLUR) has been showing a bullish trend, consistently surpassing monthly resistance levels despite significant token launches. Blur (BLUR)’s on-chain indicators indicate strong buying interest from large investors and active trading, suggesting a positive outlook.
BLUR is hovering between $0.519 and $0.706, with support levels at $0.252 and $0.439 and resistance at $0.814 and $1.001. The 10-day moving average of $0.615 and the 100-day moving average of $0.57 indicate a bullish trend.
The current price trend suggests a potential upward move for Blur (BLUR), with a possible break above the $0.765 resistance level, pushing the price up to $0.84. However, a reversal from sellers that pushes the price below the immediate support level of $0.65 could disrupt this momentum and initiate a decline towards $0.58.
Ondo (ONDO): A new force in the tokenized asset space
Ondo Finance recently unlocked 14.3% of its native ONDO tokens, skyrocketing its market capitalization to $1.66 billion. Ondo (ONDO) is listed on several major exchanges and governed by the Ondo DAO, adding a cryptocurrency-based aspect to the project ecosystem.
Ondo (ONDO) is trading within a range of $0.2506 and $0.3088, with support levels at $0.08355 and $0.1077 and resistance levels at $0.3088.
Ondo (ONDO)’s recent token unlocks and market cap increase indicate a positive outlook for the token. However, it is precisely the market’s reaction to increased circulating supply and the project’s ability to balance interests between cryptocurrency users and large institutions that will determine the future price trajectory.
Sui (SUI): Rapid Rise in the DeFi Ecosystem
Sui (SUI) has seen its value increase significantly amid the booming DeFi ecosystem, hitting an all-time high. The Sui (SUI) blockchain network has shown impressive growth in decentralized exchange (DEX) trading activity, ranking in the top 15 by daily and weekly trading volume.
Sui (SUI) is staying in the range of $0.92 – $1.32, with support levels at $0.4 – $0.79 and resistance levels at $1.58 – $1.97. The 10-day moving average of $1.08 and the 100-day moving average of $1.07 indicate strong momentum.
Sui (SUI)’s recent performance and ecosystem growth suggest a promising future. The network’s high transaction volume and growth in total value locked (TVL) are positive indicators. However, Sui (SUI)’s ability to maintain this growth despite competition from other blockchains and market fluctuations will be key to its future price development.
conclusion
As 2024 approaches, altcoins are gaining attention, and investors are shifting their focus away from Bitcoin, which is faltering in line with trends we previously saw in a report from Pantera Capital. As Bitcoin loses steam, altcoins are ready to shine. During the transition to “Phase 2,” altcoins are receiving significant attention and are becoming an attractive option for investors seeking significant returns without significant losses. These include Mantle (MNT), Sei (SEI), Blur (BLUR), Ondo (ONDO), and Sui (SUI). Each of them has carved out their own niche in the market with their own unique advantages, making them a promising choice for investors. 2024. The growth potential of these cryptocurrencies is not just speculation. It is backed by solid technology, ever-changing market trends, and investor sentiment. Now they’re all pointing to big winners in the revenue game.
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