The cryptocurrency market is currently showing a downward trend, with major tokens such as Solana (SOL) and Avalanche (AVAX) falling significantly. This trend comes in part from institutional selling involving new exchange-traded funds (ETFs), which has negatively impacted the price of Bitcoin (BTC), sending some tokens down more than 20% in the past week. The broader market was also down 4%, as shown by the CoinDesk 20 index. Analysts at Bitfinex observed significant losses for short-term Bitcoin investors, suggesting a potential further market decline. Some traders are cautious, with Bitcoin potentially falling to around $38,000.
Unlike traditional tokens, new digital currencies are not yet following a downward trend. In this article, we will provide Solana (SOL) and Avalanche (AVAX) holders with a good alternative in the form of cryptocurrencies that are not subject to the same market trends. Instead, it’s potentially poised for further growth following its quickly approaching listing.
ScapesMania: A rookie in the cryptocurrency industry
Pre-sales for ScapesMania are almost over and fundraising is expected to be completed in February. Afterwards, the project will debut on exchange platforms, a potential launchpad for token travel to the moon.
Following its listing and thanks to skilled marketing efforts, ScapesMania continues to expand. The project offers holders exciting opportunities such as redemption, burning, and staking. Early purchasers will also have the opportunity to receive the offer up to one time. Bonus +102%.
Moreover, the token’s utility is designed to last for a long time. This isn’t just another fleeting meme that relies on hype.
Don’t miss your chance. Get your tokens now at a discounted price. Pre-sale is ending soon, so you’ll need to act fast!
Project Highlights
ScapesMania has emerged as a unique gaming ecosystem that caters to two different audiences. This provides an immersive experience for casual gamers while allowing cryptocurrency enthusiasts to enjoy rewards for project achievements and actively shape the future.
For many cryptocurrency enthusiasts, ScapesMania has already become one of the best new projects for 2024 and beyond. The community’s excitement was evident as the project became a successful fundraiser. $4,800,000+ So far it has only been crowd/retail contributions.
Pre-sale Opportunity
If you’re looking for more predictable growth, take a closer look at ScapesMania’s offerings. The pre-sale provides buyers with the opportunity to acquire tokens at exorbitant prices and gain an early bird advantage. 20% discount.
Discounts don’t last forever. The clock is ticking, and anyone looking to take advantage of this benefit must act quickly. And while it’s still somewhat breaking news, there’s plenty of time to follow the cryptocurrency whales with deposits above $20,000. They’ve made quite a few moves recently, including winning a decent amount of ScapesMania.
>>> Pre-sale ends: Last chance to secure discounted tokens <<
Growth Potential
A closer look at ScapesMania’s token economics and other features can provide insight into why this may be one of the best altcoins to own right now. The ecosystem operates within the thriving $376 billion gaming industry, which is expected to grow. $521.6 billion Until 2027.
Innovative core idea, impressive pre-sale figures, $100,000 PRIZEThe constant social media hype and other positive aspects suggest that ScapesMania can continue to win.
Pre-sale countdown: limited time remaining
The listing date is just around the corner, so don’t rush. Seize the opportunity to participate and potentially benefit from the ScapesMania launch. Hurry and secure your tokens at a discounted price. Time is of the essence!
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Solana (SOL): Navigating a sharp decline
Solana (SOL) is currently experiencing a difficult phase in the market. The coin showed a significant decline, outpacing the decline of similar coins. This decline follows a period of extreme bullish volatility that previously pushed Solana (SOL) to impressive heights. The latest 24-hour slump was recorded at 1%, bringing the price to around $84. This decline is not an isolated incident, but part of a broader trend with weekly losses exceeding 13%.
Solana (SOL) price range is currently fluctuating between $64.84 and $132.36. The 10-day moving average is $91.81 and the 100-day moving average is $68.99. The coin has established support at $27.97 and resistance at $163.01. Despite these numbers, recent downward trends are raising concerns about the sustainability of Solana’s growth.
Looking ahead, Solana (SOL) faces potential growth catalysts and challenges. Broad market trends, and Bitcoin’s performance in particular, will have a significant impact on Solana’s trajectory. Positive developments, such as the expected Solana Mobile upgrade, could attract new users and change the narrative about Solana (SOL) in the medium to long term. However, the current bearish trend and market skepticism are significant obstacles to Solana (SOL)’s recovery and growth.
Avalanche (AVAX): Facing a Downward Trend
Avalanche (AVAX) has also been under pressure, losing 37% of its value over the past month. This slowdown is caused by a decrease in user activity on the Avalanche C-Chain network, a critical component of decentralized applications (dApps). The decline in demand and user engagement has led to a significant decline in network transactions and fees.
The current price range for Avalanche (AVAX) is $28.33 – $31.76. The 10-day moving average is $29.70 and the 100-day moving average is $29.10. Support levels were identified at $22.63 and $26.06, and resistance levels were identified at $32.92 and $36.35. These numbers reflect the recent challenges faced by the Avalanche (AVAX) token.
The future of Avalanche (AVAX) depends on revitalizing user activity and demand for the network. There are concerns about decentralized finance (DeFi) indicators and declining trading volume on decentralized exchanges (DEXs) on the network. For a positive turnaround, Avalanche (AVAX) needs to strengthen its user base and strengthen its network utilities. However, current market conditions and declining user engagement present serious challenges to Avalanche (AVAX) recovery and growth prospects.
conclusion
The cryptocurrency market is currently navigating a difficult phase with established tokens such as Solana (SOL) and Avalanche (AVAX) facing a significant downturn. These trends are influenced by factors such as institutional selling and general sentiment in the market, which influences the price of Bitcoin (BTC). In contrast, cryptocurrency industry newcomer ScapesMania presents a more optimistic picture. It is currently in the pre-sale phase, offering a potential early bird advantage and generating significant interest from cryptocurrency enthusiasts and whales alike. As of now, this seems to be the best project to rely on if you have underperforming Solana (SOL) and Avalanche (AVAX).
