Cardano’s (ADA) Sky-High Surge Leaves Avalanche (AVAX) in the Dust – Find Out Why!

As Bitcoin recently closed above $52,000, investors turned bullish on the top altcoins. This rejuvenated enthusiasm was not without merit; the total altcoin market capitalization, known as TOTAL2, was teetering on the brink of reclaiming the $1 trillion mark, a feat not seen since the heights of the 2021 bull run. Adding to this optimism is the TOTAL2’s weekly Relative Strength Index (RSI) surging above 70 for only the second time since that memorable period and hinting at a potentially lucrative market turn. However, the shadow of volatility looms large as investors remain cautiously optimistic, eager to see if this uptrend will cement itself or fade away like so many before.

In this dynamic landscape, Cardano (ADA) and Avalanche (AVAX) stood out, each telling a different story. ADA, buoyed by strong fundamentals and a robust online community, saw its price soar to approximately $0.64, a significant 19% increase within the week, despite a minor correction today. On the other hand, AVAX faced a challenging phase with its impending 9.5 million token unlock, causing a downtrend in its value. Token unlocks often lead to speculation about potential price drops due to increased market supply.

Amidst this complex web of market movements, the crypto world is eagerly anticipating the debut of ScapesMania (MANIA) on a decentralized exchange (DEX). With its presale stage now behind it, MANIA aims to captivate a broader spectrum of crypto investors. Will it rise to meet investor expectations, or will it be another ripple in the vast ocean of digital currencies?

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 Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your poten

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Author: Crypto Daily

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