Solana And Avalanche Following Downgrade Market, Will ScapesMania change trends? – Blockonomi


The cryptocurrency market is currently in a downturn, with major tokens like Solana (SOL) and Avalanche (AVAX) experiencing significant declines. This trend is partly due to institutional sales linked to new exchange-traded funds (ETFs), which have negatively impacted Bitcoin (BTC) prices, leading to over a 20% drop in some tokens in the past week. The broader market, as indicated by the CoinDesk 20 index, has also fallen by 4%. Analysts at Bitfinex have observed substantial losses for short-term Bitcoin investors, suggesting potential further market drops. With a cautious outlook, some traders expect Bitcoin to potentially fall to around $38,000.ScapesMania: A Newcomer to the Crypto SceneSolana (SOL): Navigating a Steep DeclineAvalanche (AVAX): Facing a Downward TrendConclusion

The cryptocurrency market is currently navigating a challenging phase, with established tokens like Solana (SOL) and Avalanche (AVAX) facing significant downturns. This trend is influenced by factors such as institutional sales impacting Bitcoin (BTC) prices and a general sentiment in the market. In contrast, ScapesMania, a newcomer to the crypto scene, presents a more optimistic picture. It’s currently in the presale stage, offering potential early bird advantages and generating significant interest among both crypto enthusiasts and whales. Right now, it seems to be the best project to turn to if  you’re holding the underperforming Solana (SOL) and Avalanche (AVAX).

Go to Source
Author: Oliver Dale


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

You May Also Like

More From Author

This site uses Akismet to reduce spam. Learn how your comment data is processed.