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While Solana (SOL) And Avalanche (AVAX) Price Might Have Further To Fall, New Pre-Sale Raised 600K

21 November 2023
in Solano
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While Solana (SOL) And Avalanche (AVAX) Price Might Have Further To Fall, New Pre-Sale Raised 600K
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The cryptocurrency market is currently experiencing a notable upswing. On November 20, the market showed a bullish trend, primarily fueled by renewed investor confidence. This optimism is partly due to speculations over the approval of a Bitcoin Spot ETF, which has been a significant point of interest for market participants.

Two of the strong rivals in the cryptocurrency industry, Solana (SOL) and Avalanche (AVAX), have had phenomenal growth but are now slowing down, causing analysts to fear a price drop. This is why we decided to conduct a comprehensive study of the coins, including their history, current state, and any relevant technical details.  On the other hand, the emerging ScapesMania (MANIA) is creating a buzz in the crypto community with its successful pre-sale, which has already raised an impressive $600,000.

Summary

  • ScapesMania (MANIA): As a new entrant, ScapesMania is creating a buzz with its successful $600,000 pre-sale, showcasing its potential as a significant player in the crypto space with its innovative approach and promising performance.
  • Solana (SOL): Facing slower price rallies and market uncertainty, Solana (SOL) shows a volatile price range but maintains growth in DEX trading and TVL.
  • Avalanche (AVAX): Achieving a yearly high with major bank adoption, Avalanche (AVAX) displays cautious optimism in its trading, marked by significant support and resistance levels.

Rising Star: ScapesMania’s Unique Position in the Crypto World

While bigger cryptocurrencies wrestle with volatility, ScapesMania can offer almost guaranteed ROIs in the range of 400-500%. The innovative project is currently in presale which means holders can get paid well for the wait. The presale consists of several rounds and the current one offers a huge discount on purchases, nearing 85%. If there’s ever a time to trust the hype, it is now!

The tokens are low in price, which means that regardless of your budget you can take advantage of the offer. There’s no downside and plenty of potential gains to joining ScapesMania even if you don’t have much money to make use of.

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A closer examination of this coin’s features reveals many attractive aspects. For instance, ScapesMania allows holders to get involved with a multi-billion-dollar industry and has many features in place to keep users engaged and incentivize them to keep on engaging. Furthermore, the tokenomics of the project is transparent and secure and the addition of the latest $150,000 giveaway may be the final touch needed to convert early enthusiasts into full-blown fanatics.

Those still considering which presale projects to choose, need to know that ScapesMania’s vision for the future is highly ambitious. it comes in the form of further listings, improvements, and development of a unique niche concept that has yet to be adopted in crypto circles. Considering all of the above, it’s not surprising that the presale numbers are outstanding – it can surely be a boon to many in the long run.

ScapesMania is at the point where previous buyers can already assume they’ve made a great decision and now the time is right for those who haven’t tried the project yet. Get in now to reach potential ROIs of 400-500% or maybe even higher.

Join the Presale at an 83% Discount

Solana (SOL): Riding the DEX Growth

Solana (SOL) has recently witnessed a significant upsurge in decentralized exchange (DEX) trading activity. This surge is a clear indicator of the growing interest and trust in Solana (SOL) ecosystem. The Total Value Locked (TVL) in Solana (SOL) has climbed by an impressive 42%, showcasing its increasing adoption and the confidence of market participants in its technology and potential.

The price range for Solana (SOL) currently fluctuates between $26.75 and $44.35. This variation points towards a volatile yet opportunistic market environment. The 10-Days Moving Average stands at $57.88, while the 100-Days Moving Average is at $28.57, suggesting a dynamic market perception. The support levels are identified at $15.05, with resistance levels at $50.27 and $67.87, indicating critical points for traders’ decision-making.

Looking ahead, Solana (SOL) presents a promising yet challenging future. The increasing DEX activity and TVL growth are positive signs, hinting at a potential upward trajectory in its value. However, the market’s volatility and the fluctuating moving averages suggest that traders should approach with cautious optimism. The resistance levels, especially at $67.87, could be pivotal in determining Solana’s short-term price momentum.

Avalanche (AVAX): Climbing the Peaks of Adoption

Avalanche (AVAX) has recently hit a yearly high, buoyed by the news of its adoption for real-world asset (RWA) tokenization by major banks. This development is a significant endorsement of Avalanche (AVAX) capabilities and potential in the broader financial ecosystem. Such institutional adoption not only boosts its credibility but also opens up new avenues for its application and growth.

Avalanche (AVAX) is currently trading within a price range of $9.40 to $12.55. The 10-Days Moving Average is at $20.31, and the 100-Days Moving Average is at $11.28, reflecting a market that is cautiously optimistic yet aware of the inherent risks. The support levels are at $4.32 and $7.47, while the resistance levels are set at $13.77 and $16.92, marking critical thresholds for market movement.

The future for Avalanche (AVAX) appears to be on an upward trajectory, especially with its recent adoption by major financial institutions. This could potentially lead to a steady increase in its value. However, the market’s inherent volatility and the distance from its resistance levels suggest that any growth will not be without its challenges. The key will be in maintaining the momentum gained from its recent adoption and translating it into sustained market confidence.

Conclusion

In the current cryptocurrency landscape, we observe a contrast between the established and the emerging. Solana (SOL) and Avalanche (AVAX), while still significant players, are facing slower price rallies and market uncertainties.

In contrast, ScapesMania (MANIA) emerges as a promising new player, having already raised a notable amount in its presale.  It’s very likely that the newcomer is going to continue to make the holders happy by reaching new heights even past its original projections of x4-x5.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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