Top Cryptos To Watch As the Market Declines

The crypto market is currently characterized by significant volatility as Bitcoin (BTC) is experiencing $25 million in sell-offs. CoinShares’ analysis points to investors adjusting their crypto tactics – a direct response to Bitcoin’s wild price swings and the new spot ETFs hitting the scene. Investors are pulling back from crypto funds, but Bitcoin’s trade volume is hitting the roof. The USA is emerging as a key player in crypto inflows, in contrast to outflows in Canada and Europe. Cryptocurrencies face shifting investor preferences as the market enters a transitional period.

Amid this downturn, certain cryptocurrencies like Ethereum (ETH), Cosmos (ATOM) and Solana (SOL) stand out as ones to watch, showing robust potential even in a challenging market and emerging as key players for any savvy investor’s portfolio.

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 MANIA

ScapesMania, a player in the $376 billion gaming industry, leverages the market’s growth potential. Post-exchange debut, holders can anticipate greater liquidity and easier trading.

The community’s excitement about th=-09 project is evident so far, with $4,800,000+ raised to date from crowd/retail contributions alone. The follower count has reached 60K+ and showcases a weekly growth of 12%.

The growing interest from crypto whales with checks of $20,000+ might expedite ScapesMania’s transition from niche to mainstream.

ScapesMania’s smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious  rant from a prominent player in the blockchain industry.

Furthermore, ScapesMania is notable for putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is where ScapesManias stands out.

Make sure you don’t pass up the opportunity to get the early bird discount as the presale nears its end. Be quick if you want to get your hands on those lucrative tokens before they’re all gone.

Presale Closing Soon – Seize Opportunities Now!

Ethereum (ETH): Navigating the Impact of the Dencun Upgrade

Ethereum (ETH) is on the brink of a significant change with the coming Dencun upgrade set to transition ETH from the old calldata system to blobspace. Through adopting blobspace for layer-2 (L2) transactions a reduction in gas consumption is expected, which could subsequently decrease the burn rate of Ethereum (ETH). Currently, all ETH used to pay gas base fees is burned.

Ethereum (ETH) is fluctuating between $2,069 and $2,470. The 10-day moving average is at $2,463, while the 100-day moving average is at $2,126. Ethereum (ETH) has established key support levels at $1456 and $1857, with resistance levels at $2,659 and $3,059.

With the Dencun update imminent, a potential decrease in gas fees could boost Ethereum (ETH)’s usage, possibly increasing network activity. However, concerns exist that with less ETH being burned, there might be an oversupply. So the mainnet activation of the Dencun upgrade, anticipated as early as March, could significantly influence Ethereum (ETH)’s market dynamics and trading value in the long run.

Cosmos (ATOM): Assessing the Implications of Proposed Inflation Rate Changes

Developers in the Cosmos (ATOM) ecosystem have proposed a significant alteration to the token’s inflation rate – now fluctuating between 7% and 20%, it might be reduced to a minimum of 0%. This aims to modify Cosmos’ (ATOM) economic model to align with other crypto networks and consider redirecting fees from user-operated blockchains to Cosmos (ATOM) stakers, instead of increasing token supply.

Cosmos (ATOM) is trading within a price range of $8.99 to $12.39. The 10-day moving average is at $9.78 and the 100-day moving average is at $9.45. Support levels have been identified at $3.98 and $7.38, with resistance levels at $14.19 and $17.59.

Reducing Cosmos’ (ATOM) inflation rate could have a significant impact, either increasing its value by making it more scarce or unsettling current investors who might retract their stakes. Although reducing supply could enhance the token’s value, there are concerns that it might discourage current Cosmos (ATOM) stakers.

Solana (SOL): The Potential Turnaround with Solana Saga Phone Sales

Solana (SOL) has recently breached the $89.02 support level, leading to a substantial price movement. However, the network is experiencing growing optimism, particularly with the pre-sale orders of Solana Saga phones reaching 40,000 units – this surging interest in Solana (SOL) products could indicate a positive shift in the market sentiment.

Solana (SOL) is currently priced between $64.84 and $132.36. The 10-day moving average is at $92.84 and the 100-day moving average is at $68.39. Solana has established support and resistance levels at $27.97 and $163.01, respectively.

Solana (SOL)’s price could find a turning point following the recent support breach, potentially initiating an uptrend. The launch of the second series of Solana Saga phones could catalyze a recovery in Solana’s (SOL) price. However, if selling pressure intensifies, Solana (SOL) could continue to fall, with a break below the $80 level challenging the bullish thesis. The market’s response to Solana (SOL) product launches and network developments will determine its future price trajectory.

Conclusion

The cryptocurrency market is currently undergoing a period of significant volatility and transformation – Bitcoin’s $25 million outflows, influenced by Spot Bitcoin ETFs, reflect a broader market shift. The US is emerging as a significant player in cryptocurrency inflows, contrasting with outflows in Canada and Europe. Amidst these changes, Ethereum (ETH), Cosmos (ATOM), and Solana (SOL) are drawing attention for their resilience and growth potential. Ethereum (ETH) is preparing for the Dencun upgrade, which could impact gas fees and ether supply. Cosmos (ATOM) is contemplating a major change in its inflation rate, which could affect its tokenomics and incentives for stakers. Solana (SOL), despite recent price fluctuations, is seeing optimism with the pre-sale of Solana Saga phones.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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