Best Altcoins to Buy Now, As Bitcoin ETF Approval Ignites the Altseason

Table of Contents

• Ride The Wave Of Innovation With ScapesMania
• Cardano (ADA): A Potential Bull Run on the Horizon
• Polygon (MATIC): Gaining Ground
• Arbitrum (ARB): Dominating the L2 Landscape
• Chainlink (LINK): Forging New Alliances
• VeChain (VET): The Quest to Reclaim Former Glory
• Conclusion

The crypto market is witnessing a shift favoring altcoins following the launch of Bitcoin ETFs in the USA. With Bitcoin's drama subsiding, the crypto scene is abuzz about altcoins like Cardano (ADA) and (MATIC) that are quickly becoming top choices for savvy investors. Altcoins such as Arbitrum (ARB), Chainlink (LINK)and VeChain (VET) are gaining traction as potential investments, too. 

While Bitcoin's price corrected by 14% post-ETF launch, altcoins have shown resilience, with Ethereum, Solana, and Chainlink (LINK) posting notable gains. This suggests a growing interest in alternative tokens and marks the start of what many call 'altseason'. However, experts warn about a potential dip, reminding us that the crypto market is anything but predictable, especially after Bitcoin ETFs received the green light.

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 tier-1 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 $4,400,000+ raised to date from crowd/retail contributions alone. Notably, the fundraising amount is growing by $50,000+ daily and 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!

Cardano (ADA): A Potential Bull Run on the Horizon

(ADA) has been attracting attention with its price action resembling patterns observed between 2018 and 2020. Experts suggest that Cardano (ADA) might stabilize at its current levels for a while, preparing for another upward trend around April. 

Cardano's (ADA) price has been fluctuating, trading in a range of $0.418 to $0.724. The 10-day Moving Average is at $0.536, while the 100-Day Moving Average stands at $0.44. Cardano (ADA) has seen a high of $0.5429 and a low of $0.4868 in the last 24 hours.

The forecast for Cardano (ADA) is cautiously optimistic, with the potential to reach $6 as per analysts' predictions. However, this outlook depends on the current market trend continuing. So if you're investing in Cardano (ADA), keep a close eye on the market's fluctuations and any new regulations that could impact the sector.

Polygon (MATIC): Gaining Ground

Polygon (MATIC) is making a splash in the crypto industry, with its proof-of-stake (PoS) platform achieving higher trading volumes than Ethereum. Polygon (MATIC)'s recent major partnership with Fox Corporation, aimed at verifying content, is a testament to its growing influence.

Polygon's (MATIC) price is currently in the $0.784 to $1.124 corridor, with the 10-Day Moving Average found at $0.848 and the 100-Day Moving Average hovering at $0.784. The support levels are at $0.256 and $0.597, while the resistance levels are looming at $1.278 and $1.619.

Polygon (MATIC) is emerging as a potential dark horse in the next bull market, but it faces competition from other layer-2 (L2) solutions and market volatility. Polygon (MATIC) will excel only if it maintains a strong user base and solid partnerships.

Arbitrum (ARB): Dominating the L2 Landscape

Arbitrum (ARB), an L2 network built on Ethereum, is showing robust performance with significant increases in trading volume and the valuation of its native token, ARB. Arbitrum’s (ARB) flourishing DeFi ecosystem and cost-effective transaction fees contribute to its growing popularity.

Arbitrum's (ARB) current price range is between $1.59 and $2.43, with the 10-day Moving Average identified at $1.92 and the 100-Day Moving Average sitting at $1.99. The support levels are set at $0.33 and $1.16, while the resistance levels are materializing at $2.83 and $3.66.

Arbitrum’s (ARB) investment potential looks promising due to its high trading volume and low transaction fees. However, altcoin faces the broader crypto market downturn and competition from other Ethereum-based L2s. Arbitrum (ARB) has to sustain its growth and attract more users to succeed in the long run.

Chainlink (LINK): Forging New Alliances

Chainlink (LINK) recently integrated Circle’s Cross-Chain Transfer Protocol (CCTP) into its Cross-Chain Interoperability Protocol (CCIP), enhancing the utility of the USDC stablecoin across various blockchain networks.

As of today, Chainlink's (LINK) price ranges between $13.16 and $17.19. The 10-day Moving Average lies at $14.94 and the 100-Day Moving Average stands at $13.55. The support levels are at $7.35 and $11.38, while the resistance levels are at $19.44 and $23.47.

Despite the recent bearish trend, Chainlink's (LINK) collaboration with Circle could boost its appeal in the DeFi space. However, altcoin faces market volatility and competition from other oracle networks. Chainlink’s (LINK) enduring success depends on whether it keeps fostering additional partnerships and integrations.

VeChain (VET): The Quest to Reclaim Former Glory

(VET), a supply chain-focused cryptocurrency, reached an all-time high (ATH) of $0.281 in April 2021, but has since seen a significant price decline. The market is now bullish, which raises questions about VeChain's (VET) potential to reclaim its ATH.

VeChain's (VET) price is moving between $0.024 and $0.0416, with the 10-day Moving Average fixed at $0.0304 and the 100-Day Moving Average observed at $0.0253. The support level is at $0.0138, while the resistance levels are at $0.049 and $0.066.

VeChain's (VET) prospects for reclaiming its ATH are uncertain, with predictions suggesting a maximum price of $0.12 in the near future. Possible challenges include market volatility and the need for substantial developments or partnerships to drive VeChain's (VET) price growth. One should remain cautious and consider the long-term horizon for potential gains.

Conclusion

Bitcoin's influence in the market is diminishing, which paves the way for altcoins to take the spotlight concidering their relative stability. Among these, Cardano (ADA), Polygon (MATIC), Arbitrum (ARB), Chainlink (LINK) and VeChain (VET) stand out as promising investments. Each altcoin presents unique strengths and potential, from Cardano's (ADA) anticipated bull run to Polygon's (MATIC) impressive trading volumes, Arbitrum's (ARB) dominance in L2, Chainlink's (LINK) strategic partnerships and VeChain's (VET) quest to reclaim former glory. However, the crypto market is ever-changing – experts warn of potential dips following Bitcoin's ETF approval. As we enter what is being termed an 'altseason', these altcoins merit attention for their potential to capitalize on the shifting market dynamics.

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.