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As 2023 draws to a close, the once unshakable dominance of Bitcoin is showing signs of faltering. Currently, only 38% of the $30.45 billion in the total market-wide notional futures open interest is tied up in BTC futures contracts – a significant drop and the lowest it’s been in over two years. Despite Bitcoin’s impressive 60% rise to above $43,000 since the start of October, fueled by lower Treasury yields and the anticipation of Bitcoin ETFs getting the green light from the U.S. SEC, it hasn’t been enough to keep it at the forefront of the futures market.
Amidst this shifting landscape, altcoins such as Polygon (MATIC), Avalanche (AVAX) and Aave (AAVE) are stepping into the spotlight, buoyed by a market that’s increasingly open to taking risks, especially after BTC’s recent rally. This trend is underlined by the numbers: Bitcoin’s share of the futures market has slipped to 48%, while Ethereum holds steady at about 21%, and the collective presence of altcoins has swelled to 41%. In this climate of change, a new player is drawing eyes – ScapesMania (MANIA), a presale project tempting with discounts and bonuses. As MANIA launches with enticing early-bird offers, it begs the question: are we about to see a significant shift in crypto influence?
While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project’s appeal.
Presale is Live Now – Join Now for a Chance to Benefit with MANIA
Backed by an award-winning developer crew, ScapesMania stands
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Author: Crypto Daily