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The crypto market is currently undergoing substantial shifts, particularly impacting Bitcoin (BTC) whose value has recently seen a significant drop, plunging over 12% in just a week, from $46,700 to $40,901. No one unexpected such a decline to happen, especially in light of the anticipated positive impact of spot Bitcoin ETFs which were predicted to spark a bullish trend. Contrary to expectations, BTC is now trading near its monthly low points, presenting a potential opportunity for altcoins to gain prominence.

Pantera Capital, a notable hedge fund specializing in cryptocurrencies, has released a report indicating that the market is moving into what they describe as “phase 2”. According to them, altcoins are expected to outperform Bitcoin – a trend observed in past market cycles. For instance, during the bull runs of 2015-2018 and 2019-2022, altcoins exceeded BTC’s performance in the final year. Currently, Bitcoin’s dominance in the crypto market has reached a three-month low, barely holding a 50% market share. 

With BTC’s price potentially dipping below $40,000 and the approaching halving event, altcoins such as Solana (SOL) and Ripple (XRP) might experience significant growth, making them key cryptocurrencies to monitor this week.

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 – don’t let this chance pass you by.

Presale is Live Now – Join Now for a Chance to Benefit with MANI

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Author: Crypto Daily

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