Riding the wave of Bitcoin's rally to $63,000, investors and traders are now eagerly eyeing the potential for notable gains in alternative cryptocurrencies.
Renowned market analyst Michael Van De Poppe has recently highlighted the current "lag" in altcoin market capitalization on social media platform X. But despite this, his unwavering optimism was palpable, predicting a possible 2x rise in altcoin values once Bitcoin's rally stabilizes.
This hope is underpinned by the expectation that gains from Bitcoin will trickle down to altcoins, including major players like Cosmos (ATOM), Optimism (OP), and NEAR Protocol (NEAR), all of which address blockchain scalability issues. Amid this backdrop, another crypto expert, Altcoin Rover, echoes Poppe's sentiment, suggesting an imminent investment shift towards these tokens and even planning to sell his Bitcoin holdings for altcoins.
In this dynamic landscape, the emerging project ScapesMania (MANIA) has also garnered attention. While its presale stage has concluded, the crypto community is abuzz with anticipation for its coming Token Generation Event and subsequent DEX listing.
With analysts like Poppe and Rover predicting substantial gains for altcoins in the wake of Bitcoin's performance, ScapesMania's entry could not be more timely. Through catering to an expanding pool of investors, MANIA could potentially seize its opportunity in light of the anticipated altseason.
Ride The Wave of Innovation with ScapesMania
The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future.
The spotlight has shifted to the upcoming PancakeSwap listing. The date was already announced in a recent AMA with the CEO, so don’t miss out!
The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away.
Your Last Chance to Boost Potential Returns Post Listing
The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry.
Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.
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 PancakeSwap listing is on the horizon, with CEX listings still in the works.
ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth.
Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative.
>>> LISTING ALERT – Keep Up With Latest News <<<
Cosmos (ATOM): Between Peaks and Troughs
Cosmos (ATOM) addresses slow transactions and high costs in blockchain networks. Thanks to its Tendermint software that facilitates the creation of an interconnected network of blockchains, Cosmos (ATOM) earned the moniker "internet for blockchain". ATOM, the native token of the Cosmos ecosystem provides developers with the tools to create interoperable blockchains.
A recent report from the Cosmos (ATOM) blog highlights the stability of Inter-Blockchain Communication (IBC) volume and the system's ability to enhance liquidity by maintaining a diverse range of tokens. Cosmos' (ATOM) interchain infrastructure allows for blockchains to function as interconnected blocks, supporting unique functionalities through the IBC protocol.
Cosmos (ATOM) Technical Analysis
In terms of technical analysis, ATOM is currently trading between its support at $8.06 and resistance at $12.47.
Source: TradingView
The token shows a strong upward momentum as indicated by its Exponential Moving Averages (EMAs); the 10-day EMA at $10.9, the 50-day EMA at $10.17 and the 200-day EMA at $9.59 all suggest a bullish trend.
The MACD Level at 0.4 indicates a potential for bullish momentum, but the Average Directional Index (ADX) at 19.6 shows a lack of strong trend.
Moreover, the Relative Strength Index (RSI) at 72.69 points towards an overbought condition. The Stochastic %K at 84.6 reinforces this view.
The Commodity Channel Index (CCI) at a high 235.9 also indicates overbought levels, suggesting potential for a pullback.
Cosmos (ATOM) Price Prediction
The bullish outlook can be supported by the recent positive developments in the Cosmos (ATOM) ecosystem and its steady technical indicators. If the token continues to maintain its position above the EMAs, it could see a push towards $12.47, and potentially even towards $15.2.
On the flip side, a bearish scenario could emerge if ATOM breaks below $8.06. This could be triggered by broader market trends or a shift in investor sentiment. In such a case, ATOM might test lower supports at $7.01 and $4.28.
Optimism (OP): Rally Towards New Heights
Optimism (OP), a layer-two (L2) blockchain operating atop Ethereum, has recently been in the spotlight for its impressive performance. With over $500 million in total value locked (TVL) and hosting major protocols like Synthetix, Uniswap and Velodrome, Optimism benefits from Ethereum's security while enhancing its scalability through optimistic rollups.
The OP token has seen a remarkable surge of over 25% during the monthly session. This uptick followed a breakout from a major trendline in November 2023, leading to a consolidation phase before overcoming the $1.821 resistance level. The token's price soared more than 140%, surpassing the $2.819 resistance which now acts as a crucial demand zone supporting the current rally.
Optimism (OP) Technical Analysis
From a technical analysis standpoint, Optimism (OP) is trading between the support at $2.24 and resistance at $3.93.
Source: TradingView
The 10-day EMA at $3.77, the 50-day EMA at $3.45 and the 200-day EMA at $2.57 all indicate a positive trend.
The RSI at 57.96 suggests a neutral-to-bullish momentum.
The ADX at 24.76, coupled with the CCI of 102.39 and the MACD of 0.119, reinforces the potential for continued upward movement.
Interestingly, the Momentum indicator is at -0.059, hinting at some caution among traders.
Optimism (OP) Price Prediction
In a bullish scenario, OP could break past the immediate resistance at $3.93, aiming for the second resistance at $4.96, and potentially testing its all-time high near $4.57. The strong performance of Optimism (OP), backed by a 93% increase in trading volume, suggests that investor interest remains high.
On the flip side, a bearish turn could see OP retracting towards its current support levels. If the token falls below $2.24, the next key level to watch would be $1.58.
NEAR Protocol (NEAR): Top-Level Domain Game Changer
NEAR Protocol (NEAR), known for its innovative approach in the blockchain realm, recently fortified its market position with its strategic partnership with D3 and the acquisition of the 'near' Top-Level Domain (TLD). These are part of NEAR Protocol's (NEAR) strategic enhancement of user and developer experience through simplified account management and interoperable identities.
These developments came when NEAR Protocol (NEAR) was experiencing a bullish trend. NEAR's price performance reflected a growing investor confidence as evidenced by its 78% annual increase and a staggering 252% rise over the last six months.
NEAR Protocol (NEAR) Technical Analysis
From a technical standpoint, NEAR is trading between its support level at $2.07 and resistance level at $5.08.
Source: TradingView
The EMAs indicate a strong upward trend in the short term, with the 10-day EMA at $3.74, above both the 50-day EMA at $3.27 and significantly higher than the 200-day EMA at $2.49.
The RSI at 64.33 suggests that NEAR Protocol (NEAR) is approaching overbought territory, but still has room for upward movement. The Stochastic %K, standing at 76.4, aligns with this, indicating continued bullish momentum.
However, the ADX at a lower 22.2, alongside a moderate MACD of 0.229, points towards a potentially weaker trend strength, necessitating cautious optimism.
NEAR Protocol (NEAR) Price Prediction
In a bullish scenario, NEAR could leverage its recent strategic advancements and market sentiment to breach $5.08, eyeing the next resistance level at $6.96.
Conversely, in a bearish scenario, if NEAR Protocol (NEAR) faces selling pressure or broader market headwinds, it could retreat towards $2.07, or even test the second support level at $1.32. This could occur if the market reacts negatively to macroeconomic factors or if NEAR faces unforeseen challenges within its technological advancements or partnerships.
Final Thoughts
The recent developments in the crypto market have put a spotlight on Cosmos (ATOM), Optimism (OP) and NEAR Protocol (NEAR), each addressing blockchain scalability issues. Amidst a bullish market sentiment and experts' predictions of significant gains following Bitcoin's rally, these altcoins have captured the attention of investors and traders alike.
Cosmos (ATOM) has been actively enhancing its interoperability and scalability, while Optimism (OP) has recently made strides in scaling Ethereum through its L2 solutions; whereas, NEAR Protocol (NEAR) has expanded its ecosystem through strategic partnerships and technological advancements that simplify user experience.
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.
