These Altcoins Are Near New Price Highs

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The post These Altcoins Are Near New Price Highs appeared first on Coinpedia Fintech News

The crypto market is currently experiencing significant turbulence due to a recent incident involving a fake government announcement. Over $218 million in crypto trades were liquidated in just 24 hours following a false claim that Bitcoin spot ETFs had been approved in the U.S. This news, which originated from a compromised Securities and Exchange Commission (SEC) account, led to over 72,000 traders being affected.

In this volatile environment, certain altcoins are drawing attention as they approach new price highs. Given recent moves from each project and other market data, it would appear that each coin can reach its all-time high once the ETFs are approved.

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 $4,110,000 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 not a regular crypto asset; it’s 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 $0.007564. With the listing price set at $0.01 per coin, today’s backers could be looking at a potential 1.32 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.

If you’re already on board with everything that ScapesMania has to offer, there’s a unique opportunity for you: a special offered code, BXT735. The limited-time offer is only valid for a limited time since the article’s publication. It’s your best chance to get a bonus of 10% after entering BXT735 in a special field at checkout, so act fast, the clock is ticking.

Aptos (APT): Token Unlock and Market Dynamics

Aptos (APT) is on the brink of a significant event with the unlocking of over 24 million tokens, valued at over $260 million. This unlocking, scheduled for the coming week, represents a substantial increase in the circulating supply of Aptos (APT), which currently stands at over 308 million with a market cap of around $2.8 billion. Recently, Aptos (APT) has experienced fluctuations in its trading value. The token witnessed a notable upswing in daily volume, peaking at over $700 million on January 5th. However, the price has been facing challenges, with consecutive losses in recent days.

Optimism (OP): Navigating Market Challenges

Optimism (OP) is currently navigating a challenging market phase, marked by a 30% decline from its all-time high of $4.18 recorded on December 27. The price recently dipped below the $4 mark, triggering significant losses in the derivatives markets. This downturn is accompanied by a 40% decline in open interest from $347.9 million to $209 million, indicating a wave of voluntary exits and a bearish market momentum. The recent price action of Optimism (OP) has been influenced by dramatic shifts in futures trading. A significant liquidation event occurred with $2.45 million in LONG Optimism futures contracts being liquidated within 24 hours.

Blur (BLUR): Stability Post-Token Unlock

Blur (BLUR) recently underwent a significant token unlock event, with around 49.8 million tokens, valued at approximately $23.2 million, being released. Despite this, the token has shown resilience, reacting positively by adding over 7% in value. Following the token unlocks, Blur (BLUR) has demonstrated a positive trend in its price movement. It was trading at around $0.48, reflecting a gain of 7.5%. This surge has also contributed to an upward movement in its Relative Strength Index (RSI) line, which, as of the latest data, was slightly above the 50 mark, signalling a weak but discernible bullish trend.

Sei (SEI): Bullish Comeback Potential

Sei (SEI) has shown resilience in the face of recent market crashes, maintaining its value and now poised for a potential rally. The token’s price was unaffected by the dip in Bitcoin (BTC) price, indicating a strong market position. With the 70.5% Fibonacci level holding as support at $0.6375, Sei price is in a position to potentially rise 20% and reach the market range at $0.8797, with a possibility of climbing to the psychological level of $1.0000.

Sei (SEI) is experiencing a bullish outlook, supported by rising buying pressure and positive on-chain metrics. The Relative Strength Index (RSI) is moving northbound, and the Awesome Oscillator (AO) remains in positive territory, both indicating a strong bullish trend.

Sui (SUI): Poised for a Breakout

Sui (SUI) is currently positioned above an ascending trendline that has already delivered up to 130% in gains. This positive trend is further supported by a significant increase in Tether (USDT) market capitalization. Sui (SUI) is showing potential for a substantial breakout, with a possible 45% climb above current levels. The altcoin could ascend toward the $1.2622 resistance level, and in a highly bullish case, it might even surpass this barrier to reach the $1.5000 psychological level.

Conclusion

Amidst today’s tumultuous backdrop, several altcoins, namely ScapesMania, have been drawing attention due to their potential to reach new price highs. However, it’s very important to do your research before choosing your next super-gainer.

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