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The crypto market is currently on the cusp of a significant transformation, with Bitcoin (BTC) setting a bullish tone as it commenced the final week of January with a surge, following a bullish hammer candlestick pattern. Buoyed by Bitcoin’s recovery, altcoins are now gearing up for a winning streak, emboldened by their recent decisive breakout and rebound. The initial volatility in Bitcoin prices, spurred by the increased volume of spot ETFs, has now been integrated into the market’s dynamics, suggesting that a period of consolidation might be on the horizon.
The supply of stablecoins, led by giants such as Tether (USDT) and Circle’s USDC, has been steadily rising over the past year, thereby increasing the overall buying power within the crypto market. This trend is indicative of the early stages of a bull cycle, with the bear market lows now firmly in the past. Analysts anticipate that the eagerly awaited altseason is expected to kick off within the next one to two weeks.
This period is anticipated to be characterized by a liquidity rotation from Bitcoin to altcoins, further fueled by the liquidity from the stablecoin market. As the market prepares for Bitcoin’s price to find its footing between $37K and $48K, the altcoin market is poised for significant growth, potentially adding about $500 billion in value. Leading the charge in this upcoming altcoin rally are three selected altcoins that are expected to stand out in the 2024 crypto race.
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 a
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Author: Crypto Daily