• Wed. Feb 21st, 2024

BTC Halve to Surge Altcoins by 20X, ScapesMania Takes Lead

Maria Bartiromo

ByMaria Bartiromo

Jan 24, 2024
BTC Fever Takes over DeFi Investors and They Are Using Ethereum Blockchain to Convert Their BTC to Altcoins

The recent halving of Bitcoin has led to conjecture over possible gains in the altcoin space, with ScapesMania emerging as a significant competitor with room to grow. The planned decrease in the compensation offered to Bitcoin miners for validating transactions is known as the “Bitcoin halving,” which happens every four years. 

On the other hand, Solana had a break in its support level, leading to a significant price drop. The rapidly growing Solana Saga phones have become the basis on which Solana is likely to recover. The phone has recorded over 40,000 in its pre-sale orders session. This is expected to trigger Solana’s next upsurge amid the helve. 

ScapesMania to Leverage the Gaming Industry, Cardano Makes Bullish Attempt 

Acknowledging the huge potential in the gaming sector, ScapesMania management says that it wants to take advantage of the changes in the market following the halving of Bitcoin. With a $376 billion market valuation, the gaming industry has proven resilient and has grown steadily, making it a desirable area for new ventures and investments.

ScapesMania told its holders to anticipate better trading conditions and increased liquidity after its release on exchanges. This draw will likely increase the number of traders and investors, enhancing the project’s overall performance.

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Cardano (ADA) is revolving around the $0.418 and $0.724 range, with a 10-day Moving Average (MA), while trading at $0.51. the token found support at $0.243, with it’s resistance level circling f $0.854 and $1.16. The token is currently showing the sign of a possible bullish move, with analysts at CryptoDaily predicting a major rally in the price. 

ScapesMania Accused of Being Forward-thinking, Whale Invests $20,000

ScapesMania has a forward-thinking view of market trends and investor preferences, which is shown in its strategic strategy to capitalize on the post-Bitcoin halving scenario. ScapesMania has disclosed its plans to get involved in the $376 billion gaming sector, leveraging the market growth.

The company says holders should expect no massive liquidity and more straightforward trading in the post-exchange introduction. The coin’s community commitment to the project is evident in its over $4,800,000 raised from crowd contributions.

It’s social media followers also reached over 60,000, and the trading volume accounts for 12% weekly growth. The involvement of cryptocurrency whales has made the coin account for over $20,000 in investment and may expedite ScapesMania’s journey from a niche cryptocurrency to a significant digital asset.

Solana, Ethereum Hopefully Amid Unfavorable Market Activity 

The market as a whole is watching for anything that could add to the projected 20X increase for ScapesMania as it approaches its post-exchange launch. As of press time, Solana is traded at between $64.84 and $132.36, accompanied by a $92.84 in its latest 10-day MA (Moving Average) and a $68.39 100-day Moving Average.

Solana’s support level holds at $27.97, at a major resistant level of $163.01, and plans to target $230.54 in no time. Ethereum also had a significant activity following its anticipated Dencun upgrade, which will give way for the introduction of blob space.

Blob space is a unique transaction source that is expected to reduce the price of gas consumption and hence decrease the amount of Ethereum that’s burnt at a particular point in time. Ethereum, as at press time, drew a support level from $1,456 and $1,857, while the resistance level is expected to be at  $2,659 and $3,059.

Maria Bartiromo

Maria Bartiromo

Maria Bartiromo is a renowned news writer and journalist, celebrated for her insightful reporting and authoritative voice. With a career spanning years, she has established herself as a trusted source of accurate and comprehensive news analysis, keeping readers informed on vital global developments.

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