The total market capitalization of cryptocurrencies, excluding Bitcoin (BTC), has recently surpassed the significant threshold of $675 billion, igniting optimism for a potential rise toward $1 trillion or even $1.25 trillion in the coming two to four months. This positive trajectory is bolstered by the altcoin market’s ability to reclaim the 200-week moving average, transforming the $675 billion resistance level into a foundation for further growth.
Amid this upward trend, Ethereum (ETH) has notably outperformed Bitcoin (BTC) for the first time since October 2022, alongside a surge in derivatives market activity. This shift in capital flows signifies Ethereum’s (ETH) prominent role in the altcoin rally, while 4 other cryptocurrencies are emerging as leaders of the next bull run. As the altcoin market gains momentum, these tokens are strategically positioned to capitalize on the anticipated surge toward a $1 trillion market cap.
Ride The Wave Of Innovation With ScapesMania
As the ScapesMania presale nears its completion in February, the team is working hard to secure a quick listing on popular exchange platforms. There is a good probability that the token’s value will increase exponentially after the listing.
The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry.
Moreover, the token’s utility is impressive. It’s not another meme coin whose success relies heavily on trends and hype. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem.
As the presale is wrapping up, you need to act fast and grab your discounted tokens now! The countdown is on – don’t let this chance pass you by.
Presale is Live Now – Join Now for a Chance to Benefit with MANIA
ScapesMania, a player in the $376 billion gaming industry, leverages the market’s growth potential. Post-exchange debut, holders can anticipate greater liquidity and easier trading.
The community’s excitement about the project is evident so far, with $5,400,000+ collected to date from crowd/retail contributions alone. The follower count has reached 60K+ and showcases a weekly growth of 12%.
The growing interest from crypto whales with checks of $20,000+ might expedite ScapesMania’s transition from niche to mainstream.
ScapesMania’s smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious grant from a prominent player in the blockchain industry.
Furthermore, ScapesMania is notable for putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is where ScapesManias stands out.
Make sure you don’t pass up the opportunity to get the early bird discount as the presale nears its end. Be quick if you want to get your hands on those lucrative tokens before they’re all gone.
Presale Closing Soon – Seize Opportunities Now!
Ethereum (ETH): A Leader in the DeFi Space
Ethereum (ETH) holds its ground as a heavyweight in the DeFi world, still sitting pretty as crypto’s runner-up in market size. Heading into 2024, Ethereum (ETH) still grabs the attention of savvy investors who play the long game, holding its ground even when market waves hit.
The Ethereum (ETH) price fluctuates between $2,069 and $2,470, with support levels found at $1,456 and $1,857 and resistance levels marked at $2,659 and $3,059.
Although reaching $10,000 in 2024 might be challenging, it’s not impossible. A key price point to watch is $3,300; surpassing this level could signal an accelerated uptrend toward this target. However, significant market momentum and Ethereum’s (ETH) correlation with Bitcoin (BTC) play crucial roles in achieving such an increase.
Arbitrum (ARB): Enhancing Ethereum’s Capabilities
Arbitrum (ARB) addresses the issues of high transaction fees and scalability on Ethereum blockchain by processing transactions on a separate layer. Arbitrum’s (ARB) approach to enhancing efficiency is particularly beneficial for DeFi-centric decentralized applications (dApps).
Arbitrum (ARB) is currently priced between $1.56 and $2.01, with support levels at $0.88 and $1.33 and resistance levels at $2.22 and $2.66.
Arbitrum’s (ARB) future depends on its ability to scale Ethereum transactions effectively and maintain a competitive edge in the layer-2 market. But it doesn’t have a chance to slack off because other networks are stepping up their game and the whole blockchain scene keeps shifting.
NEAR Protocol (NEAR): A Rising Star in the Blockchain World
NEAR Protocol’s (NEAR) fresh take on dAapps is pulling in both developers and backers, all eager to see where this up-and-comer heads.
The NEAR Protocol (NEAR) price range is currently between $2.12 and $4.89. The token has a support level at $0.6 and faces resistance at $6.14 and $8.9.
With its state-of-the-art technology and a network that’s ever-growing, NEAR Protocol (NEAR) is well-positioned to carve out a significant spot for itself amidst the dApp and DeFi buzz. But it isn’t alone in the game; NEAR Protocol (NEAR) has to outsmart other blockchains and crack the code on bringing in more users while keeping things running smoothly.
Cosmos (ATOM): The Internet of Blockchains
Cosmos (ATOM), known as the “Internet of blockchains,” focuses on interoperability and customizability. Cosmos (ATOM) strives to weave together a tapestry of blockchains that can talk to each other, making it dead simple to swap tokens and share info. The Cosmos network operates on a Proof-of-Stake blockchain. Since its inception in 2014, Cosmos (ATOM) has been a key player in the blockchain arena, consistently evolving with the space.
Cosmos (ATOM) price range is currently between $8.99 and $12.39. Altcoin has established support levels at $3.98 and $7.38, while facing resistance at $14.19 and $17.59.
With its keen ability to unify disparate blockchain networks, Cosmos (ATOM) is set to revolutionize how they interoperate and enhance the overall ecosystem. The commitment of Cosmos (ATOM) to boosting how fast transactions happen and growing bigger could really pull in more users. By the end of 2024, the Cosmos (ATOM) price could potentially reach $25.06. But let’s not overlook that new competitors and strict regulations might shake things up for the expected rise of Cosmos (ATOM). The average price of Cosmos (ATOM) could be around $18.43 by the end of 2024, with a potential high of $89.05 by 2030.
Optimism (OP): Fueling Ethereum’s Growth
Optimism (OP), a layer-2 scaling solution for Ethereum, experienced an upturn in late 2023, particularly after hosting the Worldcoin (WLD) privacy token, which increased network usage. Nearly 90% of Optimism (OP) holders were making a profit on their investment as of January 2024. The focus of Optimism (OP) on becoming more decentralized and its ability to outperform the market in terms of user adoption and transaction fees are notable strengths.
The Optimism (OP) price range is currently between $2.16 and $4.71. The cryptocurrency has a support level at $0.62 and faces resistance at $5.71 and $8.25.
The Optimism (OP) future looks promising, with price predictions indicating potential growth. In 2024, Optimism (OP) could reach $6.41, and by 2025, it might hit $10.62. Long-term predictions for 2030 suggest a possible value of $42.59. But these forecasts should be approached with caution because of the crypto market volatility. The success of Optimism (OP) will depend on its ability to maintain technological advancements, increase platform usage, and navigate the competitive landscape of layer 2 solutions.
Conclusion
Bolstered by altcoins breaking through tough barriers, the crypto market’s momentum is undeniable as it soars beyond $675 billion, with sights set on a bullish push towards that coveted trillion-dollar valuation. Buoyed by a string of breakthroughs, altcoins are setting the scene for an even more impressive rally. Among the cryptocurrencies poised to lead this bull run, Ethereum (ETH) stands out for its leadership in the DeFi space and its recent performance surpassing Bitcoin (BTC).
Alongside Ethereum (ETH), Arbitrum (ARB), NEAR Protocol (NEAR), Cosmos (ATOM) and Optimism (OP) are identified as key players with the potential to drive the market forward. With consistent performance and ambitious targets, Arbitrum (ARB) focuses on enhancing Ethereum’s scalability, Near Protocol (NEAR) gains prominence in the dApp space, Cosmos (ATOM) envisions blockchain interoperability, and Optimism (OP) plays a vital role in fueling the growth of Ethereum (ETH).
With nailing their goals and boosting performance, all 5 altcoins are set to harness a rising market tide that signals thrilling times ahead for the savvy crypto investor.
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.
Source: https://cryptodaily.co.uk/2024/02/top-cryptos-that-can-lead-the-2024-bull-run