Altcoins Poised To Rise Even If Bitcoin ETF Denied

11 months ago 4

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The current state of the cryptocurrency market is marked by significant developments and optimism, however, there is still some trepidation among experts. The potential approval of Bitcoin spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) could negatively impact the price of Bitcoin (BTC), despite the prevalent sentiment that it is good news.

Another possibility that the above-mentioned ETF will not be approved is certainly considered by a few experts as another reason for perhaps seeking refuge in alternative possessions. Today, we compiled a list of the most resistant, highly promising cryptocurrencies that can possibly give you solid returns no matter what happens with Bitcoin (BTC).

ScapesMania: A Newcomer to the Crypto Scene

In the current market circumstances, ScapesMania emerges as an appealing opportunity for early adopters. This groundbreaking project has raised more than $4,032,000 solely from the crowd/retail sector, consistently securing $57,000-$127,000 in funding daily. ScapesMania is gaining traction on tier-1 crypto media platforms and receiving endorsements from recognized crypto influencers.

Key Highlights of ScapesMania

ScapesMania is a vibrant gaming ecosystem that caters to the interests of both casual players and crypto-savvy audiences. As a gamer, there’s no need to deal with the complexities of crypto to enjoy captivating gameplay. On the flip side, token holders can reap the rewards of the ecosystem’s performance and shape its future without playing.

Presale Opportunities

During its early bird presale stage, ScapesMania is priced at $0.00752. With the listing price set at $0.01 per coin, today’s backers could be looking at a potential 1.33 return.

With today’s 25% discount, ScapesMania tokens are a steal. As each subsequent sales stage unfolds, the price is set to grow, reaching $0.01 per token as the presale concludes. Now might be the perfect time to join the circles of ScapesMania holders.

Join ScapesMania and unlock the potential for even greater gains with code CUX779! Get more ScapesMania tokens with the same budget, thanks to a sizable 10% bonus. The offer is only valid for a few days since the article’s publication, so hurry up! Type in CUX779 in a special field while purchasing tokens in the website’s members area.

Aptos (APT): Token Unlock and Market Dynamics

Aptos (APT) is on the verge of a significant event with the unlocking of 24 million tokens, representing over 8% of its circulating supply. This move introduces a substantial amount of assets into the market, valued at over $260 million.

The price dynamics of Aptos (APT) have been fluctuating. After an 11.6% drop on January 3rd, the cryptocurrency rebounded with an over 13% gain the following day. However, sustaining these gains has been challenging, as indicated by its daily timeframe chart. The Relative Strength Index (RSI) trend suggests a weakening of the bullish momentum, hinting at potential volatility in the price of Aptos (APT).

Sui (SUI): Bullish Trends and Price Predictions

Sui (SUI) is currently exhibiting a strong recovery rally, maintaining its position above a key ascending trendline that has already yielded up to 130% in gains. Technical indicators suggest that Sui (SUI) uptrend has substantial potential for further growth.

Sui (SUI) price trajectory is supported by a robust technical setup. The Relative Strength Index (RSI) and the Awesome Oscillator (AO) both indicate a strong bullish momentum, with the RSI at 66 suggesting room for further upward movement. The current market dynamics point towards a potential 45% price rally, with the coin aiming to reach the $1.2622 resistance level.

Sei (SEI): Market Challenges and Price Volatility

Sei (SEI) has recently experienced a price dip, with a more than 3% decline amid a wave of panic selling. This downturn comes despite the broader digital asset market showing positive trends. Sei’s trading volumes have also decreased significantly, by over 46%.

The price of Sei (SEI) has been volatile in recent days. Although it has seen a 6% increase over the past week, this is a stark contrast to the 285% surge it experienced in the preceding two weeks. The fluctuating interest and recent price drop reflect the market’s uncertainty about the coin’s short-term prospects.

Blur (BLUR): Token Unlock and Its Market Response

Blur (BLUR) has recently undergone a significant token unlocking event, with over 49 million tokens released. This event has led to a balanced movement of tokens on and off exchanges, suggesting a stable market reaction post-unlock. The current circulating supply of Blur is over 1.1 billion, with a total supply of 3 billion.

The cryptocurrency has experienced a notable increase of over 15% in value, trading at around $0.47. This surge has also led to an upward movement in its Relative Strength Index (RSI), which is slightly above the 50 mark, signalling a weak but present bullish trend. The future of Blur (BLUR) in the wake of its token unlock presents both opportunities and challenges.

Hashflow (HFT): Advancements and Market Prospects

Hashflow (HFT) has recently launched its version 2.0, marking a significant development in its platform. This update includes direct integration with Solana, positioning Hashflow (HFT) as the first decentralized exchange (DEX) to offer cross-chain trading between Ethereum and Solana.

The impact of Hashflow 2.0 on the price of HFT is yet to be fully realized. The integration with Solana and the enhanced DEX aggregation capabilities could potentially increase trading volumes and liquidity on the platform. The future of Hashflow (HFT) appears promising with the launch of Hashflow 2.0. The integration with Solana and the focus on cross-chain trading could attract new users and increase trading activity.

Conclusion

The market is closely monitoring regulatory developments, especially the SEC’s decision on Bitcoin ETFs, which could have far-reaching implications for the market’s trajectory. Amidst this backdrop, emerging altcoins such as ScapesMania are showing potential for growth.

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