Bitcoin Might Fall Even Lower, but These 3 Altcoins are Poised for Gains

The crypto market is currently experiencing significant fluctuations, particularly influenced by Bitcoin’s (BTC) recent pullback below $40,000. This slump hasn’t just hit Bitcoin, it has rippled through the whole altcoin market, causing a wave of forced sales that wiped out $247 million from overextended traders in a single day. The primary source of this selling pressure is Bitcoin, with crypto whales offloading more than 70,000 BTC coins, valued at around $3 billion, in the past two weeks. Despite this, there is an increased cash flow into the altcoin market, especially after Bitcoin’s dominance hit a crucial resistance level of around 54%.

Looking ahead, the altcoin market is gearing up for a potential rebound, as the excitement around the spot Bitcoin ETF fades. This anticipated altcoin season is marked by the rising ETH/BTC pair, which has shown promising signs of a breakout after recent consolidations. In this volatile environment, while major cryptocurrencies like Bitcoin may face further declines, there are indications that certain altcoins, including Arbitrum (ARB), Xai (XAI), and Immutable X (IMX) are positioned for potential gains. The ever-shifting crypto landscape is swayed by a mix of elements that shape prices and sway investor moods.

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 popular 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.

As the presale is wrapping up, you need to act fast and grab your discounted tokens now! The countdown is on

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Author: Crypto Daily

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