5 Must-Own Cryptocurrencies Before Bitcoin ETF approval (ScapesMania + XLM, APT, MKR, FTM)

On Nov 17, 2023

The crypto market recently experienced a sharp downturn, with Bitcoin falling by 5% to below $36,000, triggering a significant $340 million in leveraged position liquidations. The Securities and Exchange Commission (SEC), with its delayed decision on Bitcoin ETFs, further amplified this volatility – underlining the market’s already uncertain nature.

Other major cryptocurrencies like Ether (ETH), Solana (SOL) and Chainlink (LINK) have also seen declines, in contrast to Avalanche (AVAX) which gained. The CoinDesk Market Index, reflecting the broader market, dropped by 4%. Understanding the potential of cryptocurrencies like Stellar (XLM), Aptos (APT), Maker (MKR) Fantom (FTM) and emerging ScapesMania requires crucial attention to this volatile environment.

5 Must-Own Cryptos:

ScapesMania: as an emerging player, ScapesMania stands out for its innovative revenue streams and impressive presale performance, poised for growth with upcoming exchange listings;
Stellar (XLM): exhibiting resilience in the face of market volatility, Stellar (XLM) has bounced back from recent lows, underpinned by its utility-focused approach and strategic partnerships;
Aptos (APT): facing a crucial period with the upcoming unlock of tokens, Aptos (APT) market position and value could be influenced by its strong staking percentage and strategic alliances;
Maker (MKR): gaining traction in the DeFi market, Maker (MKR) shows a bullish trend supported by an increase in active addresses and its robust platform built on Ethereum;
Fantom (FTM): Demonstrating potential for growth with a bullish bias, Fantom (FTM) value is expected to rise, backed by a series of higher highs in the broader market rally.

ScapesMania: A New Entrant with Promise

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

Stellar (XLM): Charting Path in the Crypto Payments

Demonstrating a notable comeback from its previous lows, Stellar (XLM) illustrates the robustness of its community and the effectiveness of its strategy. Currently experiencing a 4.3% increase to $0.122, Stellar (XLM) rebound is still stabilizing, as indicated by a 4.99% decline over 7 days.

The current price range of Stellar (XLM) lies between $0.1066 and $0.1303. The 10-day moving average of $0.1223, marginally above the 100-day average of $0.1185, suggests a cautiously optimistic trend. The support levels at $0.0683 and $0.0920, and resistance levels at $0.1394 and $0.1631, will be critical in shaping Stellar (XLM) short-term price trajectory.

Emphasising its role as an alternative payment method, Stellar (XLM) bolsters this further through an alliance with Moneygram International; notably, the collaboration involves crypto wallet development – a move expanding both capability in payments and geographical influence. Stellar (XLM) enhanced accessibility via platforms such as Robinhood, coupled with its legal clarity alignment to XRP, might act as growth catalysts.

Aptos (APT): Challenge of Token Unlock

Aptos (APT) faces a crucial period with the unlocking of 24.84 million tokens, about 10% of its circulating supply. This event, part of Aptos (APT) vesting schedule, is poised to release tokens to core contributors, investors, the community, and the foundation, potentially impacting the market due to fears of a sell-off.

The current price of Aptos (APT) ranges between $5.35 and $8.1. Despite a recent drop to $7.34, possibly due to the upcoming token unlock, its 10-day moving average of $7.47 shows resilience. Key support levels are at $0.9 and $3.65, with resistance at $9.15 and $11.9.

Although the token unlock raises concerns about market impact, much of Aptos (APT) supply is staked, suggesting limited immediate effect on its trading volume. Coupled with its history of resilience and a strategic partnership with Microsoft, Aptos (APT) may navigate through this period more smoothly than anticipated, maintaining its position in the market.

Maker (MKR): Future in the DeFi Landscape

Operating on the Ethereum network, Maker (MKR) – a significant entity in the DeFi market – dedicates itself to global finance democratization. Maker (MKR) enhances smart contract applications within the Maker platform and plays a crucial role in its governance and utility.

The Maker (MKR) token is experiencing an upward trajectory, with its price ranging from $1,252 to $1,555. The 10-day moving average of $1,348, above the 100-day average of $1289, indicates growing market confidence in Maker (MKR).

Given its recent performance and solid position in DeFi, Maker (MKR) future looks promising. The support levels at $837 and $1,140 provide a strong base, while resistance at $1,745 and $2,047 represent potential future growth milestones. However, as with all cryptocurrencies, its journey will be influenced by broader market trends and investor sentiment.

Fantom (FTM): Bullish Momentum in the Market

Fantom (FTM) is exhibiting a strong bullish trend in its recent market performance. The price of Fantom (FTM) has broken a significant weekly trend and is currently trading at around $0.33. This upward movement suggests a potential for further gains, with predictions indicating a possible 35% increase in the coming weeks

The current price range of Fantom (FTM) lies between $0.19 and $0.27. The 10-day moving average of $0.31 and the 100-day average of $0.22 both underscore the ongoing bullish sentiment.

Fantom’s immediate future looks promising, with potential for the price to challenge the supply zone extending from $0.45 to $0.53. For a confirmed uptrend, Fantom (FTM) needs to break and sustain above the midline of the supply zone at $0.49. In an optimistic scenario, Fantom (FTM) could even aim for the $0.78 resistance level. Additionally, the Fair Value Gap (FVG) ranging from $0.87 to $1.06 may act as a magnetic pull, offering another target for upward movement.

Conclusion

The crypto market, with its current dynamics and uncertainties, presents a challenging yet opportunistic landscape for Stellar (XLM), Aptos (APT), Maker (MKR), Fantom (FTM), and ScapesMania. While Stellar (XLM) and Maker (MKR) show robustness in utility and DeFi, respectively, Aptos (APT) and Fantom (FTM) must navigate through immediate market challenges. ScapesMania, as a new entrant, offers potential for growth.

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.