Bitcoin (BTC) is displaying characteristics indicative of a bullish phase, resembling patterns from past bull market cycles. The market value to realized value (MVRV) metric, assessing Bitcoin’s “fair value,” hints at a potential surge, historically associated with the onset of bull runs, with current trends suggesting a possible rise to $60,000. Despite short-term challenges, overall indicators, including Ichimoku Cloud analysis, reinforce positive sentiments for Bitcoin (BTC).
This optimistic scenario for Bitcoin (BTC), amid the evolving crypto market dynamics, has traders keenly watching, especially as new cryptocurrencies emerge, aiming to leverage the current market momentum. We handpicked one crypto that offers the seemingly highest potential for holders amidst the latest market movements. Read on to find out what makes it different and why crypto whales are buying it en masse.
ScapesMania: A Newcomer to the Crypto Scene
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!
If you’re already on board with everything that ScapesMania has to offer, there’s a unique opportunity for you: a special offered code, SAA588. The limited-time offer is only valid for a limited time since the article’s publication. It’s your best chance to get a bonus of 10% after entering SAA588 in a special field at checkout, so act fast, the clock is ticking.
Bitcoin (BTC) News Update: A Surge to $60,000 on the Horizon?
In a recent development that has caught the attention of the cryptocurrency community, Bitcoin (BTC) is showing signs of a potential surge to $60,000, echoing the patterns of previous bull cycles. This optimism stems from the behavior of the Market Value to Realized Value (MVRV) metric, a classic indicator for gauging Bitcoin (BTC) “fair value.” The current MVRV behavior mirrors that of the 2016 and 2020 bull runs, just before Bitcoin (BTC) price soared to all-time highs. Analysts suggest that, with Bitcoin (BTC) bouncing from the mean MVRV at $40,500, there’s a potential for it to surge to the 1.0 standard deviation line at $60,000.
Adding to the bullish sentiment, despite the Grayscale Bitcoin Trust (GBTC) ETF’s aggressive selling in January, the collective force of 10 spot Bitcoin ETFs saw a significant addition of nearly 151,006 Bitcoin (BTC). This move contrasts with GBTC’s sale of 132,195 BTC, reducing its stash by 21%. The aggressive acquisition by these ETFs, increasing their holdings by more than 700% since the start of trading, signals strong market confidence.
However, it’s crucial to note that Bitcoin (BTC)has faced volatility, with its price experiencing a significant drop over the past 30 days. After starting the year at around $45,000, it faced turbulence, tumbling below $39,000 at one point. As of now, Bitcoin (BTC) is trading at approximately $42,215, marking an 8% decrease over the past month.
Experts and analysts are closely watching these developments, with many suggesting that the launch of spot Bitcoin (BTC) ETFs in the U.S. was a “sell the news” moment. Nonetheless, the long-term outlook remains promising. The recent activities of spot Bitcoin (BTC) ETFs, coupled with the MVRV metric’s bullish signals, suggest that Bitcoin (BTC) could be gearing up for another significant price movement.
Investors and traders are advised to keep a close eye on market trends and conduct their research, as the cryptocurrency market is known for its volatility. The potential surge to $60,000, as indicated by the MVRV metric and the activities of spot Bitcoin ETFs, presents an exciting scenario for Bitcoin (BTC) enthusiasts and investors alike.
Conclusion
As Bitcoin navigates through its current price fluctuations, the underlying market dynamics and trader sentiment indicate a possible return to bullish momentum. In view of this, a promising newcomer seems poised for major growth in the upcoming weeks. According to several market experts, ScapesMania seems like the right project to leverage Bitcoin (BTC) upcoming movements to its advantage.
Site: https://scapesmania.io/
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania
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Source: https://coinedition.com/as-bitcoin-shows-7-rise-this-week-everyone-keeps-an-eye-on-this-new-crypto/