Is Ethereum’s Stability at Risk After a Gigantic $1 Billion Sell-Off?

Right now, the crypto market is treading water with investors playing it safe and big firms changing their game plans. Retail investors, as indicated by a Deutsche Bank survey, predominantly anticipate a further decline in Bitcoin’s price, with over a third predicting it to drop below $20,000. Concurrently, significant movements in the ETF sector, as reported by CoinDesk, show ARK Invest actively adjusting its holdings, buying a substantial amount of its own ARK 21Shares Bitcoin ETF while selling off portions of the ProShares Bitcoin Strategy ETF.

Despite recent jitters in the crypto scene, Bitcoin has bounced back a bit, climbing 2.70% today—although it did take a slight hit of 0.64% over the last week. Its market capitalization stands at a robust $804.36 billion, with a trading volume of $22.19 billion in the last 24 hours. Ethereum, another major player in the crypto space, hasn’t fared as well this week, with a decrease of 9.28% in its value. Ethereum’s market capitalization is currently at $269.11 billion, and it has seen a trading volume of $10.52 billion in the past 24 hours.

In the context of these market movements, ScapesMania (MANIA) is emerging as a noteworthy presale project, capturing attention with its potential for more predictable trends, a notable characteristic in the otherwise highly volatile cryptocurrency landscape.

Ride The Wave Of Innovation With ScapesMania

As the ScapesMania (MANIA) 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 tre

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Author: Crypto Daily

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