Home Editor's Pick Solana And Matic Show more than 10% Growth This Week; But Will it Continue?

Solana And Matic Show more than 10% Growth This Week; But Will it Continue?

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The crypto market is currently on the brink of a significant shift, with analysts predicting the onset of an altcoin rally in the coming weeks.

According to analysts the market is poised for a notable upswing in the next 1-2 weeks. This anticipation stems from a detailed analysis of market trends and the underlying momentum that has been building up across various altcoins.

The sentiment across the market is increasingly bullish, with investors and traders alike gearing up for potential gains. This expected rally is not just a speculative wave but is backed by solid technical and fundamental analyses, suggesting a robust foundation for the upcoming market movements.

Among the cryptocurrencies leading the charge are Solana (SOL) and Polygon (MATIC), which have both shown remarkable growth exceeding 10% this week.

This surge is not isolated, as one more project has also demonstrated significant gains, showcasing its potential for growth. Some crypto market experts go as far as to say that it might have all the tools to eclipse both above-mentioned coins.

ScapesMania: Public Sale Countdown!

ScapesMania recently rocked a presale, quickly pulling in over $5 million. Now, the spotlight is on the public sale, with the CEO announcing the Token Generation Event (TGE) coming up in March during a recent AMA session.

With no intermediaries, the public sale unfolds directly on the ScapesMania website, providing the best conditions for the community. Operating within the multi-billion, growing market of casual gaming, this project knows that it’s the community that matters the most.

The gaming ecosystem continues to grow and develop at a higher rate and there are only 80 million tokens ($720,000) available in the public sale. Move fast – discounted tokens are vanishing like never before.

Time is of the essence! Embrace ScapesMania before the TGE for a chance to be part of its early success, preceding its debut and potential moonshot. Hurry, act now!

>>> The Public Sale is LIVE – Join Now on the Official Website! <<<

ScapesMania’s Growth Catalysts

Behind ScapesMania’s continuing success is a smart marketing plan post-listing. Positioned prominently on presale trackers and endorsed by crypto influencers, the project is poised for growth.

Holding ScapesMania tokens is an active engagement, offering benefits like token buyback, burn, staking, and a treasure trove of bonuses. Introduce ScapesMania to your network and score referral rewards.

In contrast to fleeting meme coins, ScapesMania is designed for lasting value and practical application. The token’s resilience outshines short-lived hype of lesser tokens and memecoins.

BlockSAFU, a top security company, checked and approved ScapesMania’s smart contract. Teaming up with the 2023 BNB Grant winner, ScapesMania is on track for even bigger success.

With a vibrant community exceeding 60K followers, ScapesMania experiences steady weekly growth. The collective enthusiasm around the project forms a dynamic hub for like-minded enthusiasts.

Final Call: Secure Your Spot!

As the token pool shrinks, this may be your last opportunity to acquire ScapesMania before its epic debut. Join the community of ScapesMania holders now and witness $MANIA’s journey to the moon!

???? Exclusive #ScapesMania Promo Codes Launched!

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???? Simply find our admins in the chat, grab their unique promo code, and use it to buy $MANIA! ????

Act quickly, this offer won’t last forever!

GET A PROMO CODE -… pic.twitter.com/rQ5nt76mxx

— ScapesMania (@ScapesMania) December 6, 2023

Secure higher gains by grabbing a sizable bonus of 10% on ScapesMania! Use code PJR983 at checkout in a special textbox for an even better deal on a cryptocurrency that could make you the envy of the entire crypto community. Act fast – the offer is valid for a limited time only.

Solana (SOL): Navigating Through Market Dynamics and Airdrop Effects

Solana (SOL) recently experienced a notable 6% decline in its value over a 24-hour period, coinciding with Jupiter’s airdrop event. This event put the network under considerable stress due to the significant user participation, leading to changes in key network metrics. Despite the decline, Solana showcased resilience by maintaining stability and absorbing the increased traffic without any downtime, a testament to its robust infrastructure.

The price range for Solana (SOL) currently stands between $78.27 and $116.32, with a 10-day moving average of $95.53 and a 100-day moving average of $75.18. The support levels are identified at $21.53 and $59.58, while the resistance levels are at $135.68 and $173.73. This price situation reflects a volatile market environment for Solana (SOL), influenced by both internal network activities and broader market trends.

Looking ahead, Solana (SOL) ability to handle significant network stress, as demonstrated during the Jupiter airdrop, bodes well for its future. However, the network’s price is susceptible to fluctuations resulting from market sentiment and the outcome of similar high-traffic events. The challenge lies in maintaining network stability and user confidence amidst potential volatility. The prospects for Solana (SOL) include further adoption and technological advancements that could bolster its position in the market. However, it must navigate the difficulties of market perception and the impact of external events on its valuation.

Polygon (MATIC): Facing Resistance and Exploring Breakout Potential

Polygon (MATIC) has been grappling with a bearish trend, as indicated by its struggle to break above a long-term resistance level. Despite several attempts to surpass this barrier in the past two months, the price remains under pressure. The introduction of AggLayer by the Polygon team aims to unify liquidity across chains, potentially enhancing the platform’s appeal and functionality.

The price range for Polygon (MATIC) is currently between $0.640 and $0.983, with a 10-day moving average of $0.782 and a 100-day moving average of $0.815. Support levels are found at $0.152 and $0.494, whereas resistance levels are at $1.179 and $1.521. This pricing scenario underscores the challenges Polygon (MATIC) faces in overcoming resistance levels and establishing a stronger market position.

Polygon (MATIC) future trajectory will likely be influenced by its ability to break through the prevailing resistance levels and capitalize on the potential of AggLayer. While the current bearish trend presents challenges, a successful breakout could lead to significant price appreciation. The key difficulty lies in overcoming market skepticism and demonstrating tangible benefits from its technological innovations. Prospects for Polygon (MATIC) include increased adoption and integration across different blockchain ecosystems, which could drive its growth and market relevance.

Conclusion

The crypto market is on the cusp of a potentially transformative period, with indicators pointing towards an imminent altcoin rally. Analysts, buoyed by a thorough examination of market trends and altcoin momentum, forecast a significant upswing within the next 1-2 weeks.

This bullish sentiment is underpinned by solid technical and fundamental analyses, suggesting a strong foundation for the anticipated market movements.

Leading the charge in this optimistic phase are Solana (SOL) and Polygon (MATIC), both of which have registered impressive growth exceeding 10% this week, alongside the emerging ScapesMania.

The newcomer enters its public stale sage that might even be more lucrative than the already-impressive presale. Will the emerging niche leader be able to keep up its awesome pace? Time will tell.

Site: https://scapesmania.io/
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania

The post Solana And Matic Show more than 10% Growth This Week; But Will it Continue? appeared first on Blockonomi.

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