Bitcoin Ethereum

Bitcoin Cash (BCH) and Ethereum Classic (ETC) Prices Forecast: Old Players Still Got It?

5 months ago
Bitcoin Ethereum News

The cryptocurrency market has recently experienced a pullback, with Bitcoin and Ethereum facing significant losses. Despite this, the market remains optimistic, with Bitcoin up nearly 150% and Ethereum over 80% since the start of 2023. Analysts suggest that a correction was due and that upcoming Federal Reserve decisions could reignite a risk-on mindset among traders. This backdrop sets the stage for our analysis of Bitcoin Cash (BCH), Ethereum Classic (ETC), and the emerging ScapesMania.

Even if both of the well-known coins showed solid performance in the past, the question now is whether they have what it takes to compete with newer, more technologically advanced coins. Even unrelated projects like ScapesMania can and most likely will be enticed to overtake  Bitcoin Cash (BCH) and Ethereum Classic (ETC) in terms of growth metrics.

Summary

  • ScapesMania: Emerging as a unique and innovative player, poised for growth.
  • Bitcoin Cash (BCH): Showing potential for a bullish breakout, balancing key market levels.
  • Ethereum Classic (ETC): Struggling with bearish trends and market volatility.

ScapesMania: A New Contender in the Crypto Arena

ScapesMania emerged as a one-of-a-kind gaming ecosystem that caters to two distinct audiences: offering casual gamers an immersive experience while empowering crypto enthusiasts to enjoy the rewards of the project’s performance and actively shape its future.

ScapesMania is already recognized as one of the top new projects for 2023 and beyond, according to many crypto experts. It distinguishes itself with sustainability achieved through diverse revenue streams and high potential ROIs during presale.

Growth Potential

Companies and individual crypto traders looking for fast potential gains can look into ScapesMania’s proposition. Once the presale finishes, the listing price is set at $0.1 per coin, hinting at the possibility of lucrative returns for early adopters. Right now, there’s an active discount of close to 70%, but it won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast.

A closer examination of ScapesMania’s tokenomics and other features provides insight into why it could be the best altcoin to hold now. The ecosystem operates within the flourishing $376 billion gaming industry which is only projected to grow, reaching $521.60 billion by 2027.

Furthermore, ScapesMania holders can benefit from a variety of incentives, including buyback, burn, and staking opportunities. Additionally, early buyers have the chance to receive up to +127% in bonuses.

The community’s excitement is evident as the project has successfully raised over $1,560,000 to date solely from crowd/retail contributions, and this figure is growing by $25,000-$70,000 daily.

The innovative gaming-related core idea, impressive presale figures, $100,000 giveaway, undying social media hype, and other positive aspects suggest that ScapesMania could continue its winning journey. So, it makes sense to get involved as soon as possible.

>> Join Presale at a Discount on the Official Site <<<

Secure higher gains by grabbing a sizable bonus of 10% on ScapesMania! Use code AHV194 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.

Bitcoin Cash (BCH): Poised for a Bullish Breakout?

Bitcoin Cash (BCH) is currently experiencing a fascinating phase in its market journey. Bitcoin Cash (BCH) is showing signs of a potential bullish breakout. The cryptocurrency has been fluctuating between significant Fibonacci resistance and support levels when traded against Bitcoin. This fluctuation indicates a dynamic market presence, with Bitcoin Cash (BCH) finding notable support in specific price ranges.

The current price range for BCH is between $203.85 and $248.27. The 10-Days Moving Average stands at $244.53, while the 100-Days Moving Average is at $227.49. These averages suggest a bullish trend in the short term. However, Bitcoin Cash (BCH) faces resistance levels at $275.10 and $319.52, and support levels at $141.83 and $186.25. These figures indicate potential volatility and key price points to watch for traders.

Looking ahead, Bitcoin Cash (BCH) future seems to be a blend of challenges and opportunities. If Bitcoin Cash (BCH) manages to break through the resistance level at $275.10, it could signal a bullish trend. However, the bearish indicators cannot be ignored. The overall trajectory of Bitcoin Cash (BCH) remains upward if the price stays above $200. The market’s uncertainty, especially in its value relative to Bitcoin, adds a layer of complexity to its future prospects.

Ethereum Classic (ETC): A Roller Coaster of Market Sentiments

Ethereum Classic (ETC) has recently faced a downturn, as highlighted by Coinpedia. The Ethereum Classic (ETC) price has seen a significant correction, losing over 10% in value within a short period. This downturn has made Ethereum Classic (ETC) one of the top losers in the market for the day, indicating a bearish influence in the market.

Ethereum Classic (ETC) current price range is between $16.46 and $21.35. The 10-Days Moving Average is at $20.90, and the 100-Days Moving Average is at $17.21. These averages suggest a bearish trend. Ethereum Classic (ETC) faces resistance levels at $24.05 and $28.94, and support levels at $9.39 and $14.28. This data indicates a significant bearish pressure and key levels for traders to monitor.

The future of Ethereum Classic (ETC) appears to be hanging in a balance of market forces. If the bulls can hold the price above the support level of $20, there’s potential for a rebound. However, if the bears continue to dominate, the price could plunge further, testing lower support levels. The market’s volatility and the recent bearish trend add to the uncertainty of Ethereum Classic (ETC) future price movements.

Conclusion

In the diverse crypto landscape, Bitcoin Cash (BCH) and Ethereum Classic (ETC) navigate through pivotal market phases, while ScapesMania emerges as a promising newcomer. Bitcoin Cash (BCH) is on the cusp of a potential bullish surge, Ethereum Classic (ETC) battles bearish trends, and ScapesMania positions itself for significant growth.

Can the “older” coins like Bitcoin Cash (BCH) and Ethereum Classic (ETC) match the dazzling gains made by the coins of the younger generation? Time will tell, but for now, it seems like it’s ScapesMania, not the better-known coins, that is powering ahead at an unprecedented rate.

Source: https://blockonomi.com/bitcoin-cash-bch-and-ethereum-classic-etc-prices-forecast-old-players-still-got-it/