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The post Solana (SOL) and Ripple (XRP) Price Prediction, Everlodge (ELDG) Continues Bullish Rise appeared first on kitko.

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Recently, altcoins have really taken off, painting a different picture compared to the market’s previous slump. It all started with the increase of Bitcoin (BTC), which seems to have lit a fire under the rest of the market. Look at Avalanche (AVAX), for instance, which shot up by an impressive 20%, and then there’s Algorand (ALGO) and Arbitrum (ARB), each enjoying a nice 5-6% bump. According to the latest report by Kaiko, BTC has helped boost the market share of altcoin and Ethereum spot volume to 60% – its highest in over a year, up from 55% in August.  

This isn’t just happening in a vacuum either; it’s happening alongside some positive moves in global stock markets and amidst some interesting shifts in crypto regulations by the SEC. Spicing things up, October’s Consumer Price Index (CPI) data dropped a hint that inflation might be slowing down. This could lead the Federal Reserve to rethink their interest rate plans, which in turn makes cryptocurrencies look even more tempting as an investment choice.

In the midst of all this, there’s a project called ScapesMania (MANIA) that’s really catching people’s attention. It’s more than just a presale hype; it’s a thoughtfully designed game ecosystem. MANIA is blending top-notch tech with a dream team and a focus on its community: they’re promising to shake up gaming with DAO governance and a real emphasis on rewarding their backers. What’s cool is how transparent they are about everything, and the presale perks are pretty sweet too.

• ScapesMania (MANIA): Not just another token sale, MANIA is blending cutting-edge tech with a real focus on its community, setting the stage for a revolution in gaming;

• Avalanche (AVAX): AVAX is riding a wave of success, thanks to key partnerships and tech innovations, and it’s looking like there’s even more exciting growth on the horizon;

• Algorand (ALGO): ALGO is making waves with a notable uptick in its price and trading volume, signaling a potential bullish trend in the crypto market;

• Arbitrum (ARB): Riding the momentum from Aethir’s Testnet announcement, ARB is showing promising signs, hinting at more upward movement to come.

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 for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.

Presale is Live, Learn More About Major Benefits

Avalanche (AVAX) is really taking off in the crypto world, thanks in part to an electrifying partnership with Onyx by JPMorgan and Apollo Global as part of Project Guardian. This collaboration, which zeroes in on using blockchain for asset management, is a major factor behind the recent AXAX price climb. Following a challenging phase where many holders faced losses, the altcoin has shown remarkable resilience, bouncing back with innovative projects like the Landslide Network and new technologies such as HyperSDK and Avalanche Warp Messaging (AWM).

Avalanche (AVAX) Technical Outlook

In terms of technical analysis, AVAX has shown impressive momentum, surpassing its first resistance level at $21.84, and is now grappling with the next resistance level at $25.9. This bullish trend aligns with the recent positive developments and the heightened interest from institutional players. 

Source: TradingView

The asset is currently hovering near its 1-month, 13-week, and 52-week highs, all converging around $23.98. The MACD oscillator’s behavior around $23.39 and the crossing of the 9-day moving average at $14.97 indicate a strong upward trajectory, albeit with a need for caution at these higher levels.

Looking ahead, if Avalanche (AVAX) successfully breaks through $25.9, it could enter a new realm of price discovery, signaling strong market confidence in its long-term potential. However, if it struggles to maintain this momentum above $21.84 and falls back, it could see a retest of its immediate support at $17.77 and even lower thresholds at $15.28 and $13.71. Investors should keep a close eye on any potential pullback in the AVAX value; it could be a sign of a brief market correction or a reaction to larger market trends.

Even with this in mind, the solid foundation of Avalanche (AVAX), strengthened by its key partnerships and tech innovations, suggests an optimistic future for its role in the crypto world.

Algorand (ALGO) has been making waves in the crypto market with its remarkable performance since the start of November. The past fortnight alone saw a 26% price growth, and over the last month, ALGO has surged by an impressive 55%, reaching the $0.146 mark. This uptick is noteworthy as it signifies a breach of the 100-day correction trend, traditionally marked by a descending channel pattern. Adding to the momentum is the notable increase in trading volume, which stands at above $78,8M over the last 24 hours – a 19% jump from the previous day. This surge in market activity underscores the growing interest and investment in Algorand (ALGO).

Algorand (ALGO) Technical Outlook

Technically, ALGO is currently trading in a crucial zone, fluctuating between its first support point at $0.1319 and the first resistance point at $0.1486. This positioning suggests a delicate balance between bullish and bearish forces. The recent crossing of the price over the 9-day moving average at $0.129 and the 18-day moving average at $0.1171 indicates a potential bullish trend. 

Source: TradingView

However, the stalling of the 3-10-16 day MACD moving average at $0.1033 and the price’s fluctuations near the 40-day moving average bring a note of caution, hinting at underlying volatility and the need for careful market analysis.

Looking at the potential scenarios, the bullish outlook would see Algorand (ALGO) breaking past $0.1486, propelled by increasing trading volumes and market sentiment. This could lead to a test of the second level of resistance at $0.1553, and potentially even the third level at $0.1653, should the positive trend continue. 

On the flip side, a bearish scenario would involve ALGO falling below $0.1319. This could lead to further declines towards the second support point at $0.1219, and in a more pronounced bearish market, it might even test the third support level at $0.1152. 

Investors and traders should keep a close eye on these key technical levels and market indicators to navigate the volatile yet promising landscape of Algorand (ALGO).

Arbitrum (ARB) has recently surged, with a 15% price increase in the last two weeks and a trading volume spike to nearly $370M in the past 24 hours, a 2.4% rise from the day before. This market activity boost aligns with Aethir’s announcement of its Testnet launch on the Arbitrum blockchain, enhancing Decentralised Cloud Infrastructure (DCI) for Gaming and AI with ultra-low latency and scalable computing. This move, in line with Aethir’s overall strategy and community input, could be driving the current bullish trend of ARB.

Arbitrum (ARB) Technical Outlook

From a technical standpoint, Arbitrum (ARB) is currently trading between its first support level at $1.0588 and its first resistance level at $1.2388. Key indicators like the MACD level at $0.0094 suggest a positive momentum. 

Source: TradingView

The Exponential Moving Average (EMA) over 200 days is $1.0152, indicating a stable trend over the longer term. However, it’s worth noting the discrepancies among the Simple Moving Averages (SMAs), with the 10-day SMA at $1.1384 and the 20-day SMA at $1.1258, slightly lower than the 50-day SMA at $1.33, reflecting some short-term volatility amidst a generally upward trajectory.

In a bullish scenario, if ARB sustains its current trajectory, fueled by the positive news from Aethir and increased trading volumes, it could break past $1.2388 and aim for the second resistance at $1.3221, or even target the third resistance at $1.5021. 

Conversly, in a bearish scenario, if the market reacts negatively to external factors or if the momentum from the Aethir news wanes, Arbitrum (ARB) could see a pullback to $1.0588 and potentially test the lower supports at $0.9621 or $0.7821. 

Investors should keep a close eye on these levels and the evolving market dynamics for informed decision-making regarding Arbitrum (ARB).

The altcoin market is buzzing right now, and it’s not just about numbers – it’s about stories of comeback and innovation. Take Avalanche (AVAX) for example. AVAX is doing more than just recovering from its past challenges, benefiting from dynamic partnerships and cutting-edge technological advancements. The current trend lines for the altcoin are pretty promising and suggest a bright future is on the horizon.

Then there’s Algorand (ALGO) and Arbitrum (ARB), each carving their own exciting paths. The recent price surge and buzzing trading volumes of ALGO are breaking it free from old patterns, signaling a strong upward trend. ARB, fueled by the buzz around Aethir’s Testnet launch, is navigating between crucial price levels, showing promise for further gains. 

For investors riding the altcoin wave, it’s a thrilling time – full of potential but also calling for a bit of caution and smart strategizing. 

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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The post Will the Striking Comeback of Avalanche (AVAX), Algorand (ALGO) and Arbitrum (ARB) Catch the Crypto World Off Guard? appeared first on kitko.

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Sparked by factors such as potential ETFs and Federal Reserve rate decisions, altcoins are increasingly taking center stage, as evidenced by Kaiko’s data showing a 60% market share for altcoins relative to Bitcoin. However, the performance of specific altcoins like Chainlink (LINK) and Polkadot (DOT) reveals a more nuanced story. LINK, facing a 3% decline, contrasts with the recent 3% uptick of DOT, showcasing the diverse trajectories within the altcoin sector.

Chainlink (LINK), known for its decentralized oracle network, is grappling with market challenges, currently underperforming Bitcoin by 6%. Despite its innovative technology and widespread adoption, the recent downturn of LINK reflects the shifting investor sentiment. On the other hand, Polkadot (DOT), with its unique interoperability and scalability features, has shown resilience in the face of market fluctuations. Its recent recovery, trading in green and outperforming Bitcoin by less than 1%, shows its potential and the interest DOT continues to generate among investors.

Enter ScapesMania (MANIA), a new player on the block, poised to shake things up with its high-powered team and grand vision. It’s not just their professional chops turning heads; their commitment to transparency and community engagement, backed by presale perks, is creating a buzz. This mix of seasoned expertise and a fresh, community-first approach can very well make MANIA the dark horse in the crypto race, adding yet another layer of intrigue to a market that never sleeps.

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 for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.

Presale is Live, Learn More About Major Benefits

Polkadot (DOT) has been capturing the attention of traders and investors alike with its impressive performance: the recent peak of $5.85, just shy of the 13-week and 1-month high, signals strong bullish momentum. However, the slight correction to $5.35 suggests a natural ebb in its upward trajectory. 

Source: TradingView

Currently, DOT is navigating the delicate balance between its first support point at $5.31 and the first resistance point at $5.73. This positioning is crucial as it indicates a potential tipping point for future price movements. Traders are closely watching key technical indicators like the MACD oscillator and the behavior of Polkadot (DOT) against its moving averages at various points – $5.15, $4.76, $4.61, and lower – to gauge the strength of this uptrend.

Polkadot (DOT) Bullish Indicators

The asset’s recent uptrend, which saw it surge by nearly 50% in the last month, could gain further momentum. Analysts, buoyed by signals from the weekly RSI and Elliott Wave indicators, are optimistic. Rekt Capital’s prediction of a breakout to $8 encapsulates the bullish sentiment surrounding Polkadot (DOT). This outlook is supported by the recent collaboration of Polkadex with TradingView, offering DOT users advanced price charting and technical analysis tools. Additionally, the ongoing development of Polkadot 2.0 adds a fundamental boost to this optimism, suggesting that the uptrend could sustain and even accelerate in the coming weeks.

For this bullish trend to materialize, Polkadot (DOT) needs to overcome key resistance levels that lie ahead. The immediate challenge at $5.73 is a crucial hurdle that could pave the way for further gains. Beyond this, the second and third levels of resistance at $5.9 and $6.16 respectively, represent significant barriers. A successful breach of these levels could signal a strong market conviction in the growth potential of DOT, aligning with the bullish projections. 

However, the ultimate test for Polkadot (DOT) in this bullish scenario is approaching and potentially surpassing its 52-week high of $7.87. Achieving this would not only validate Rekt Capital’s prediction but also mark a new era of growth and investor confidence in DOT.

Polkadot (DOT) Bearish Indicators

Conversely, in a bearish scenario, despite the current uptrend, Polkadot (DOT) could face resistance at key points. If it fails to break past $5.73, there’s a risk of retracing back to lower support levels, such as $5.31 or even further down at the second and third support points of $5.04 and $4.88, respectively. 

This pullback scenario could be influenced by broader market sentiments or a shift in investor focus. While the uptrend is acknowledged by analysts like Nebraskangooner, the absence of specific target projections introduces an element of caution. 

Traders would do well to monitor the response of DOT to its current resistance levels and the potential impact of macroeconomic factors on its trajectory.

Chainlink (LINK) is currently navigating a tricky market landscape, oscillating between key support and resistance levels at $14.17 and $15.59, respectively. This positioning is critical, as it hovers around the $14.28 mark, where it recently crossed the 9-day moving average – a sign that often indicates a shift in short-term momentum. 

Source: TradingView

However, with the 3-10 day MACD oscillator stalling at $15.92, there’s a hint of indecision in the air. The overarching sentiment is further complicated by the recent liquidations above $15, as per Coinglass data, which underscores the strength of the resistance near these levels.

Chainlink (LINK) Bullish Indicators

From a bullish perspective, LINK has shown resilience, especially considering the recent accumulation near its price dip. The positive Netflow, now standing at 290K at the price point of $14.1, suggests that investors are moving more holdings to exchanges, a move that could indicate preparation for a price surge if the market sentiment shifts favorably. 

This optimism is bolstered by the significant increase in large transaction volumes, jumping from $143 million to $248 million, signaling whale activity that could potentially push the price upwards. 

For bulls, the ideal scenario would involve Chainlink (LINK) breaking past $15.59 and maintaining momentum to challenge the second resistance at $16.16, aligning with recent 1-month and 52-week highs.

Chainlink (LINK) Bearish Indicators

On the bearish side, however, the substantial long liquidation exceeding $2.9 million near the $15 mark, combined with the fact that about $4.06 million worth of LINK is set for sale, paints a different picture. 

This scenario suggests a potential market pullback, especially if the Chainlink (LINK) price continues its upward trajectory, enticing sellers to cash out for a profit. Furthermore, the current long/short ratio for LINK at 0.7983, with 56% of positions betting on a decline, adds to the bearish sentiment. 

Should this negative momentum continue, LINK might not only struggle to breach $15.59 but could also risk falling below $14.17, potentially testing lower supports at $13.34 and even $12.76.

In the fast-paced and often unpredictable world of cryptocurrencies, Polkadot (DOT) and Chainlink (LINK) are telling two very different stories. DOT is riding a wave of optimism, buoyed by its unique tech and a growing buzz among investors. It’s like watching a promising underdog start to flex its muscles, hinting at a breakout that could shake up the standings. The real test for Polkadot (DOT) will be whether it can smash through those tough resistance levels and keep the momentum going.

LINK, meanwhile, feels like it’s at a bit of a crossroads. Despite its cool oracle network and some big-money moves in the background, the altcoin is feeling the heat with some bearish vibes in the air. It’s a bit of a nail-biter to see if Chainlink (LINK) can rise above these challenges, breaking through those tough barriers or if it’ll get tripped up by market jitters. 

For both these crypto players, the next few chapters in their stories are crucial – they’re at a point where every move they make could really make or break their game in this wild crypto world.

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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So, the US Securities and Exchange Commission (SEC) has been making some waves in the crypto world recently. They’ve gone ahead and extended the deadline for Hashdex and Grayscale to switch their Bitcoin futures ETFs over to spot ETFs. Originally, this was supposed to happen by November 17, but it looks like the SEC is taking a bit more time to think things over.

On November 15, Bitcoin did something it hasn’t done in nearly a year and a half – it crossed the $38,000 mark, hitting $38,016. Even though it has since retreated, that’s still a lot! Quite a bit of this surge is thanks to the market getting hyped about the SEC potentially approving those spot Bitcoin ETFs, and because more big players (think institutions) are getting into Bitcoin. Even though the SEC is taking its time with those ETF applications, Bitcoin’s price hasn’t really taken a hit – if anything, it shows that the confidence in Bitcoin is strong.

Analysts are eyeing January 2024 for when the SEC might start approving a bunch of spot BTC ETFs, which could be great for both big-time traders and the regular Joes looking to get in on Bitcoin. Before we get into the near-term potential price trajectory for BTC, those curious about where Bitcoin will be in a year and beyond, a peek at this Bitcoin (BTC) price prediction could offer some intriguing insights.

Bitcoin (BTC) Technical Analysis and Price Prediction  

When we dive into the nitty-gritty of technical analysis, things are looking pretty optimistic for Bitcoin. The Simple Moving Average (SMA) numbers are giving us some good vibes – the 10-day SMA is higher than the 200-day SMA, suggesting that Bitcoin’s short-term growth is outpacing its long-term trend. That’s a positive sign of a continuing upward trend. 

Bullish Scenario – BTC Price Eyes $40,800

The Relative Strength Index (RSI) is hanging out at 62.41 – well below the overbought threshold (70), suggesting that there is still room for upward movement before the market becomes saturated with buyers.

The presence of multiple resistance levels near the 38,000 range ($38,709, $38,513, and $38,259) aligns with the recent 52-week high of 37,967, indicating that if these resistance levels are broken, a further upside is possible. The 14 Day RSI at 80% points to a price target of 40,865, which could be the next psychological resistance level in a bullish rally.

Bearish Scenario – A Pullback Could Bring Bitcoin Down to $33K

But hey, let’s not get ahead of ourselves. There’s also a chance things could go south. If Bitcoin drops below certain levels, like the support point at $35,030, we could see it slide down further, maybe even to $33,099 or lower. A significant level to watch is the 1-month low at $28,108, which, if breached, could indicate a more profound bearish sentiment. 

Any further delays or negative news regarding the approval of a spot Bitcoin ETF by the US SEC and the institutional demand for Bitcoin could trigger a bearish reaction.

In the midst of all these market shifts, platforms like StealthEX are becoming super handy for traders. It’s a non-custodial place where you can exchange over 1,400 different cryptocurrencies easily and securely. And for those looking to swap USDT to BTC, StealthEX has got you covered with a hassle-free process, where you retain full control of your cryptocurrencies at all times.

Wrapping It Up

In a nutshell, Bitcoin’s at a pretty interesting crossroads. It’s got the potential to shoot up further, thanks to some promising technical indicators. However, there are also some risks that could cause the price to go down. Watching these developments closely is crucial for anyone considering making a move in the crypto market. And if you want to get a deeper understanding of where Bitcoin’s price might be heading, diving into more detailed projections like this BTC price prediction can give you some valuable insights.

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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The post Investors Alert: Bitcoin’s Price Boom Amidst ETF Anticipation appeared first on kitko.

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Currently, the cryptocurrency landscape undergoes a remarkable shift; it significantly deviates from trends observed over the past 17 months. This change is characterized by a net capital inflow into the market, a phenomenon that has been absent for quite some time. This is further bolstered by Bitcoin’s impressive rise to over $35,000 and the anticipation of U.S. regulators approving a cryptocurrency ETF, contributing to the positive market sentiment. In this evolving scenario, cryptocurrencies like Ripple (XRP), Polygon (MATIC), Cosmos (ATOM), Arbitrum (ARB), and the emerging ScapesMania are navigating through these changing tides. 

Ride The Wave Of Innovation With ScapesMania

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 for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.

Presale is Live, Learn More About Major Benefits

Ripple (XRP): Navigating Through Legal Challenges

During its crucial period, Ripple (XRP) confronts legal obstacles from the SEC. Despite this, it displays remarkable strength in the market. As the SEC vs. Ripple (XRP) case continues to attract attention, and analysts propose that progress towards a crypto-spot ETF market could potentially benefit Ripple (XRP).

Ripple (XRP) price range currently sits between $0.509 and $0.655. The market sentiment is influenced by broader crypto trends and the ongoing SEC case, with a recent session ending at $0.6486, indicating cautious yet responsive market behavior.

Ripple (XRP) future price may experience fluctuation and exhibit resilience, considering the legal uncertainties and market sentiment. The future direction of its price will heavily rely on the outcome of the SEC case.

Polygon (MATIC): Surging with Whale Activity

Thanks to a 3,800% surge in whale activity, Polygon (MATIC) has experienced a substantial boost in its market cap; this suggests robust institutional and whale demand for the crypto sector – especially towards Polygon (MATIC).

The price of Polygon (MATIC) has risen above $0.80 for the first time since July, propelled by this increased whale activity. The market cap of Polygon (MATIC) has grown by 62% in the last 30 days, reflecting the impact of this accumulation.

The substantial increase in whale activity and market cap growth could potentially sustain the upward momentum of Polygon (MATIC) price. Large institutional players’ involvement implies a bullish outlook for the short to medium term.

Cosmos (ATOM): Navigating Revenue Growth Amidst Declining Activity

In the third quarter of the year, there was a notable uptick in Cosmos Hub’s quarterly revenue despite a decrease in network activity. The total revenue saw a 2.4% increase from the previous quarter and amounted to $145,343. It is important to note that this growth took place amidst a decline in daily active addresses and transaction counts within the network.

Although revenue increased, Cosmos (ATOM) experienced a decrease in its price. In September, the value of Cosmos (ATOM) dropped to its annual nadir of $7.11, marking a 21% quarterly decline. This downturn was more severe than that observed in the broader cryptocurrency market.

Cosmos (ATOM) faces a multifaceted future price trajectory, shaped by the growth of its revenue and decline in network activity. While the rise in revenue bodes well, the decrease in activity and accompanying price depreciation pose formidable obstacles. The market may initially react favorably to the increase in revenue, yet any enthusiasm could be tempered by the decreased network activity.

Arbitrum (ARB): On the Brink of a Major Price Rally

Increased network activity is driving Arbitrum (ARB) to exhibit significant breakout signals. With the network approaching 15,000 funded addresses, it clearly indicates a burgeoning adoption and expansion; this surge in both funded addresses and active users signifies organic growth and elevated interest in the Arbitrum (ARB) Network.

The Arbitrum (ARB) price is set for a potential breakout from its current consolidation phase within the $1.10 – $1.15 range. The growing network activity could trigger a price upswing, with a possible breakout toward $1.5. 

The future for Arbitrum (ARB) looks promising, with a potential retest of the $1.5 mark in the near future. However, it must first overcome resistance at $1.25. If the bulls can scale this resistance level, a reclaim of $1.5 is likely. Conversely, a reversal below $0.8 could see a support wall formed by holders at the average price of $1, potentially avoiding a significant price retracement.

Conclusion 

In the context of the current crypto market’s shift towards net capital inflow and positive sentiment, these cryptocurrencies – Ripple (XRP), Polygon (MATIC), Cosmos (ATOM), and Arbitrum (ARB) – along with the emerging ScapesMania, are positioned at a pivotal juncture. While ScapesMania is carving out its niche, Ripple (XRP) navigates legal complexities, Polygon (MATIC) rides a wave of whale activity, Cosmos (ATOM) balances revenue growth against declining activity, and Arbitrum (ARB) gears up for a potential price surge. 

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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The post Can Ripple (XRP), Polygon (MATIC), Cosmos (ATOM) and Arbitrum (ARB) Explode in December? Experts Are Split appeared first on kitko.

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For the first time in 17 months, the market is witnessing a net capital inflow, breaking the prolonged trend of capital outflows. This change is largely driven by the surge in stablecoins which have seen a positive 90-day net change. This influx of capital, coupled with Bitcoin’s rise to over $35,000 and the anticipation of U.S. regulators approving a cryptocurrency ETF, is contributing to a renewed optimism in the market. In this rejuvenated environment, prominent cryptocurrencies such as Dogecoin (DOGE), Samoyedcoin (SAMO), ApeCoin (APE), Shiba Inu (SHIB), and the emerging ScapesMania, are poised to potentially benefit from these market dynamics.

Ride The Wave Of Innovation With ScapesMania

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 for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.

Presale is Live, Learn More About Major Benefits

Dogecoin (DOGE): Riding the Market Optimism

Dogecoin (DOGE) has been experiencing a mix of consolidation and resilience in the market. According to a recent analysis on FX Empire, Dogecoin (DOGE) price is currently trading around $0.074, marking a 10% decrease from its peak of $0.082 last week.

The current market dynamics show that Dogecoin (DOGE) traders have placed orders to purchase 750 million Dogecoin (DOGE) at the current prices, indicating a strong buying momentum. This is a significant number compared to the amount listed for sale by bearish traders. The bullish dominance in the Dogecoin (DOGE) spot markets suggests a potential for price recovery and stability.

The Global In/Out of the Money data indicates a strong support buy-wall around the $0.07 area, which could be crucial for triggering a Dogecoin (DOGE) price rebound. However, if the bears gain the upper hand, the price could tumble towards $0.06. On the flip side, surpassing the $0.1 mark could face resistance from holders who bought at $0.081.

Samoyedcoin (SAMO): A Fresh Take on Meme Coins

Solana’s unique contribution to the meme coin sector is Samoyedcoin (SAMO). Drawing inspiration from Dogecoin and pivotal figures in cryptocurrency, Samoyedcoin (SAMO) aspires towards community ownership and entertainment value. By targeting an audience broader than just technologically advanced coins – it endeavours to proliferate Solana’s ecosystem.

Currently, Samoyedcoin (SAMO) price ranges between $0.00346 and $0.00604. The 10-Days Moving Average is at $0.00712, and the 100-Days Moving Average is at $0.00371. This indicates a fluctuating yet promising trend for SAMO. The support level is at $0.00187, with resistance levels at $0.00704 and $0.00963, outlining the potential price movement boundaries.

Should Samoyedcoin (SAMO) continue to captivate interest through its NFT collection and community engagement, an upward trajectory in price could manifest – potentially testing resistance levels.

ApeCoin (APE): A Rocky Road Ahead?

ApeCoin (APE) is currently facing a challenging market situation, as indicated by bearish on-chain metrics. According to an FXStreet analysis, the supply of ApeCoin (APE) on exchanges has nearly doubled in the past six months, reaching 50.65 million. 

Despite a 40% gain over the past month, the number of active addresses for ApeCoin (APE) has dropped, signaling a potential correction. The amount of ApeCoin (APE) tokens available on exchange platforms has significantly risen, suggesting holders are preparing to sell and potentially intensifying selling pressure, thus contributing to a downward trend in pricing.

The upcoming ApeCoin (APE) token unlock event on November 17 could be pivotal. With 15.6 million Apecoin (APE), worth $22.93 million, set to enter circulation, this could lead to a significant correction as the market absorbs the influx of new tokens. While there might be a temporary climb in ApeCoin (APE) price leading up to the unlock event, a correction is likely when over 15 million tokens flood the crypto exchanges.

Shiba Inu (SHIB): Gaining Momentum with High-Profile Support

The recent surge in attention surrounding Shiba Inu (SHIB) can be attributed to its affiliation with acclaimed Filipino boxing champion Manny Pacquiao. The Manny Pacquiao Foundation is utilizing Shiba Inu (SHIB) network, Shibarium, for fundraising activities. 

Currently, Shiba Inu (SHIB) price fluctuates between $0.00000688 and $0.00000845. The 10-Days Moving Average is at $0.00000857, and the 100-Days Moving Average is at $0.00000786. The support levels are at $0.00000442 and $0.00000599, with resistance levels at $0.00000913 and $0.00001070 indicating a possible upward movement.

The involvement of a high-profile figure like Manny Pacquiao and the use of Shibarium for charitable purposes could positively impact Shiba Inu (SHIB) market perception. This, combined with the current price trends, suggests a potential for Shiba Inu (SHIB) to test its resistance levels in the near future. However, as with all cryptocurrencies, market volatility and external factors could influence its trajectory.

Conclusion

A diverse array of cryptocurrencies, including meme coins such as Dogecoin (DOGE), Samoyedcoin (SAMO), ApeCoin (APE) and Shiba Inu (SHIB) – along with the emerging token ScapesMania; are potentially poised to benefit from the current crypto market’s renewed optimism: an unprecedented net capital inflow in 17 months. Each digital asset – characterised uniquely and backed by its own community – confronts both opportunities and challenges amidst this evolving landscape. The market pivots on stablecoins’ influence and Bitcoin’s ascension: a shift that not only enriches established meme coins but also cultivates fertile ground for innovative newcomers, exemplified by ScapesMania.

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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