The crypto market, and particularly Bitcoin (BTC), is showing signs of entering a bull market as evidenced by key on-chain signals. These include the on-chain value map, realized capitalization, and the long/short-term holders' threshold, all of which suggest a shift towards a bullish trend. The return of Bitcoin to its "fair value" and the upward trend in realized market capitalization are strong indicators of an impending bull market, historically aligning with BTC's halving events.
In this bullish context, altcoins such as Hashflow (HFT), NEAR Protocol (NEAR), Cosmos (ATOM), Arbitrum (ARB) and Aptos (APT) are worth watching. As the crypto market evolves, savvy investors are focusing on altcoins that promise more than just hype – they offer strategic advantages for portfolio diversification.
Ride The Wave Of Innovation With ScapesMania
As the ScapesMania presale nears its completion in February, the team is working hard to secure a quick listing on tier-1 exchange platforms. There is a good probability that the token's value will increase exponentially after the listing.
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.
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ScapesMania, a player in the $376 billion gaming industry, leverages the market's growth potential. Post-exchange debut, holders can anticipate greater liquidity and easier trading.
The community's excitement about the project is evident so far, with $4,500,000+ raised to date from crowd/retail contributions alone. Notably, the fundraising amount is growing by $50,000+ daily and the follower count has reached 60K+ and showcases a weekly growth of 12%.
The growing interest from crypto whales with checks 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.
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Hashflow (HFT): Advancing Cross-Chain Trading and DEX Aggregation
Hashflow (HFT) has recently launched its 2.0 version, integrating Solana and becoming the first decentralized exchange (DEX) to facilitate cross-chain trading between Ethereum and Solana. Hashflow 2.0 also introduces DEX aggregation services, enabling traders to access the best prices and liquidity across multiple DEXs. With Hashflow's (HFT) cutting-edge RFQ technology, traders can now enjoy faster trades and lower fees, which makes market entry smoother and more wallet-friendly.
Hashflow (HFT) is currently trading in the range of $0.301 to $0.44. The 10-day Moving Average is at $0.352 and the 100-Day Moving Average is at $0.318. Support levels are at $0.091 and $0.231, while resistance levels are at $0.509 and $0.648.
The integration of Solana and the introduction of DEX aggregation services are likely to attract more users and increase trading volume, potentially driving Hashflow's (HFT) price upwards. But it remains to be seen if these new features can really draw and retain users. Traders should monitor critical price points that may signal shifts in the Hashflow (HFT) market's direction.
NEAR Protocol (NEAR): Enhancing Data Availability with Polygon Integration
NEAR Protocol (NEAR) has announced the integration of NEAR DA and Polygon CDK, aiming to provide cost-effective data availability to rollups. It will allow developers to build on a more efficient network that reduces costs without compromising quality. The enhancement of NEAR Potocol's (NEAR) technology will probably attract more developers and enhance its fundamental capabilities.
NEAR Protocol (NEAR) is oscillating in the range of $2.12 to $4.89. The 10-day Moving Average sits at $3.33 and the 100-Day Moving Average is at $2.26. The support level is at $0.6, while resistance levels are marked at $6.14 and $8.9.
Teaming up with Polygon CDK, Near Protocol (NEAR) might attract more interest from developers and users, potentially increasing its usage and driving up its price. However, it's the market's response to the integration that will determine NEAR Protocol’s (NEAR) success in boosting adoption and prices, with volatility remaining a risk. While the resistance levels indicate potential for growth, investors should be cautious due to unpredictable market fluctuations.
Cosmos (ATOM): Proposing Inflation Rate Reduction
Cosmos (ATOM) developers have proposed reducing the inflation rate of its native token, which currently ranges from 7% to 20%, to 0% per annum, thus enabling direct earnings distribution to those who stake Cosmos (ATOM) instead of increasing the token supply.
Cosmos (ATOM) is moving in the range of $8.99 to $12.39. The 10-day Moving Average is at $10.12, while the 100-Day Moving Average stands at $9.33. Support levels are set at $3.98 and $7.38, while resistance levels are identified at $14.19 and $17.59.
Reducing Cosmos' (ATOM) inflation rate could positively affect its tokenomics by potentially increasing scarcity and value. However, this change might impact earnings from staking and the overall ecosystem balance. The market's reaction to these changes will determine Cosmos' (ATOM) price trajectory – although resistance levels hint at possible gains, the outcome of the proposal and its implementation will significantly influence the future direction.
Arbitrum (ARB): Dominating the Rollup Market with Robust Fundamentals
Arbitrum (ARB), a leading scaling solution for Ethereum, has captured nearly half of the entire rollup market share. Arbitrum's (ARB) strong performance is evident in its high daily transactions and monthly revenue. However, concerns about its upcoming token unlock, which will release a significant number of ARB tokens into circulation, are present.
Arbitrum (ARB) is hanging between $1.59 and $2.43, with the 10-Day Moving Average at $1.92 and the 100-Day Moving Average at $1.99. The token has established support levels at $0.33 and $1.16 and faces resistance at $2.83 and $3.66.
Arbitrum's (ARB) strong market position and fundamentals suggest potential for price appreciation. However, the release of a large number of Arbitrum (ARB) tokens might lead to volatility due to potential selling pressure. Investors should closely monitor the market impact of the coming token unlock alongside price stability.
Aptos (APT): Navigating the Impact of Token Unlock
Aptos (APT) is set to unlock over 24 million tokens, adding a substantial amount to its circulating supply. Investors will be closely watching the impact of this massive release as it can influence altcoin's price and market dynamics. Noteworthy, Aptos (APT) has recently seen its highest trading volume in months, which is a clear sign of heightened market interest.
Aptos (APT) is swinging in the range of $7.21 to $11.27, with the 10-day Moving Average positioned at $9.26 and the 100-day Moving Average sitting $7.75. Support levels are fixed at $0.97 and $5.03, while resistance levels are materializing at $13.15 and $17.21.
The coming token unlock could introduce volatility to Aptos' (APT) price, depending on market absorption of the additional supply. The recent surge in trading volume might indicate investor interest that could buffer Aptos' (APT) price against the anticipated shake-up from the impending event. However, the market's reaction to the token release will be key in determining Aptos' (APT) short-term price movement.
Conclusion
Bitcoin (BTC) is showing a rise backed by strong metrics like its value and investor behavior suggesting a lasting bull market. This aligns historically with BTC’s halving events and indicates a significant market shift. Amidst this, altcoins like Hashflow (HFT), NEAR Protocol (NEAR), Cosmos (ATOM), Arbitrum (ARB) and Aptos (APT) are emerging as promising investment options. Hashflow (HFT) is advancing with its cross-chain trading capabilities, NEAR Protocol (NEAR) is expanding its developer community, Cosmos (ATOM) is proposing an inflation rate reduction, Arbitrum (ARB) dominates the rollup market but faces token unlock challenges, and Aptos (APT) is navigating its token unlock phase which could introduce market volatility.
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.
