The current crypto market is witnessing a unique trend where Bitcoin whales remain bullish despite a recent pullback. There has been a significant increase in the number of wallets holding between 1,000 and 10,000 Bitcoins since the beginning of the year, despite Bitcoin's price dropping by 12% since the peak on the ETF approval day.
Interestingly, over 60% of whale accounts on BNB are long on Bitcoin, showing clear bullish sentiment post-approval of spot ETFs. Despite short-term price volatility, seasoned investors seem to be focusing on Bitcoin's medium to long-term potential. Some market analysts even predict that Bitcoin could reach $100,000 by the end of the year and approach $200,000 by the end of 2025.
In this context, 5 altcoins are becoming favorites among crypto whales – investors are paying close attention to these tokens, anticipating that they could significantly impact the rapidly evolving crypto market.
Ride The Wave of Innovation with ScapesMania
The ScapesMania presale wrapped up, becoming the talk of the crypto community. The project managed to secure over $5.4M at an unprecedented rate and there’s a good probability that the token's value will increase exponentially in the future.
The spotlight has shifted to the public sale with the Token Generation Event (TGE) coming up in March. The pool of tokens is smaller than it was before, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join before the TGE is only a click away.
Your Last Chance to Boost Potential Returns Before the TGE
The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry.
Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the $376 billion gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading.
The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream.
ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious grant from a prominent player in the blockchain industry.
Furthermore, ScapesMania is notable for putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is where ScapesManias stands out.
Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market as the public sale unfolds. Be quick if you want to get your hands on those lucrative tokens before they're all gone!
Public Sale ALERT – Seize Your Chance
Compound (COMP): A Promising DeFi Player
Compound (COMP), a major player in DeFi, stands out for its dynamic lending and borrowing platform. It smartly adjusts its interest rates based on market demand, operating on Ethereum's blockchain through the use of smart contracts. While Compound protocol's (COMP) ability to adapt interest rates to market trends is revolutionizing DeFi, its reliance on the Open Price Feed that utilizes Chainlink (LINK) oracles ensures accurate and current coin prices, further cementing its role in the DeFi sector.
The price of Compound (COMP) has experienced various market forces, leading to fluctuating valuations. Market specialists are leaning towards a bullish forecast for Compound (COMP), predicting notable peaks in the coming years.
The future of Compound (COMP) looks bright, with projections suggesting that the year 2024 could see the token's price ranging between $45.64 and $95.93. The years 2029 and 2030 could bring even higher valuations, potentially reaching up to $275.34 and $354.88, respectively. Compound (COMP)'s daily chart reveals a symmetrical triangle pattern, suggesting an imminent breakout. Key support levels are identified at $47.9 and $39.7, with resistance levels at $56.9 and $72.8.
NEAR Protocol (NEAR): A Rising Star in the Blockchain Space
NEAR Protocol (NEAR) distinguishes itself with its innovative Proof-of-Stake (PoS) consensus mechanism, offering high speed and low transaction fees. Launched in 2020, it collaborates with major blockchain networks like Ethereum, Polkadot and Cosmos to facilitate asset exchanges and enhance cross-chain communication. NEAR Protocol's (NEAR) unique sharding technology, Nightshade, effectively addresses scalability issues.
NEAR Protocol's (NEAR) price has followed a fluctuating pattern. Short-term predictions for early February 2024 suggest a range of $2.69 to $3.09. By the end of February, the price is expected to lower slightly, ranging between $2.13 and $2.45.
Long-term forecasts for NEAR Protocol (NEAR) are optimistic. By 2024, the average price could be around $3.16, with a potential high of $3.79. The growth trajectory seems favorable, with predictions for 2025 averaging at $3.72 and for 2030 ranging between $6.72 and $10.07.
Ondo (ONDO): A New Contender in DeFi
Ondo (ONDO), a new DeFi player, has gained attention with its recent listings on major cryptocurrency exchanges like Bybit, HTX, and Kucoin. The impending Coinbase listing further shows Ondo's (ONDO) emerging prominence in the crypto market.
Ondo (ONDO) has seen a dramatic 2,500% increase in value following a token unlock event. This reflects heightened speculative interest boosted by Ondo's (ONDO) listing on major exchanges and the buzz around a potential Coinbase inclusion.
Predictions for Ondo's (ONDO) future value show steady growth. By 2025, it's expected to trade beyond the $0.95 level. In 2026, despite possible bearish market sentiment, Ondo (ONDO) could still trade around $1.25. By 2027, bullish sentiment is expected to return and drive the price higher. Long-term forecasts for 2030 show Ondo (ONDO) reaching between $3.45 and $4.35.
Sei (SEI): A Trailblazer in Blockchain Efficiency
Sei (SEI) stands out as a sector-specific layer-1 (L1) blockchain optimized for trading. Its Twin-Turbo Consensus mechanism makes Sei (SEI) one of the fastest blockchains with low transaction costs and high throughput. Sei (SEI) includes an optimized order placement and matching engine, which is particularly appealing for exchanges.
Price forecasts for Sei (SEI) in 2024 indicate a bullish trend, with a minimum price of $0.9218 and a maximum of $1.08. The average trading price is expected to be around $0.9543. This upward trend is supported by Sei's (SEI) technical developments and market demand.
Long-term growth potential for Sei (SEI) looks promising. By 2025, the price could surpass $1.53, with a year-end minimum of $1.42 and a maximum of $1.58. Forecasts for 2030 suggest Sei (SEI) could reach new heights, with prices surpassing $4.81, a minimum of $4.42, and a maximum of $4.84.
Conclusion
Despite the market's recent setbacks, big-time Bitcoin players remain unfazed and keep betting heavily on crypto. Whales are not only pouring money in Bitcoin, but are also buoyed by the green light for spot ETFs, indicating an imminent influx of significant investment into the market. Experts are optimistic about Bitcoin's future, with some predicting its value could reach a substantial $100,000 by the end of the year, and even more ambitiously, nearly double that as we approach 2025.
In addition to Bitcoin, whales are broadening their investment horizons by exploring other promising tokens such as Compound (COMP), NEAR Protocol (NEAR), Ondo (ONDO) and Sei (SEI). Compound (COMP) is a major player in the DeFi sector, NEAR Protocol (NEAR) is known for its focus on scalability and interoperability, Ondo (ONDO) is emerging as a significant force in DeFi, and Sei (SEI) is recognized for its blockchain efficiency.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
