As Bitcoin Surpasses $65k, Eyes Turn to Avalanche (AVAX) and Polkadot (DOT): Will They Follow the Rally?

Bitcoin (BTC) has surpassed the $65,000 barrier, a milestone not seen since November 2021. This surge is not merely a numbers game; it is driven by significant market movements, including large purchases by major investors and the green light for Bitcoin-mining ETFs in the U.S. Moreover, Ethereum's (ETH) price increase, fueled by a 41% gain in February and the anticipation of a spot Ether ETF, adds another layer of intrigue, suggesting a broad market rally not just for Bitcoin.

ScapesMania (MANIA) shines in the market chaos, blending gaming with crypto and attracting 60,000 members and crypto whales. Setting market trends, its strategy with buyback, burn, staking, and DAO governance ensures significant post-listing impact and benefits for its community.

Ride The Wave of Innovation with ScapesMania

The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future.

The spotlight has shifted to the upcoming PancakeSwap listing. The date was already announced in a recent AMA with the CEO, so don’t miss out! 

The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away.

Your Last Chance to Boost Potential Returns Post 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 while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing 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 a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential. 

The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits 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 PancakeSwap listing is on the horizon, with CEX listings still in the works.

ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth.

Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative.

>>> LISTING ALERT – Keep Up With Latest News <<<

Avalanche (AVAX) production halt: what's next?

Avalanche (AVAX) recently went through a tumultuous period, marked by an unexpected halt in block production on February 23. This incident, coinciding with the launch of a new feature, momentarily disrupted the Avalanche blockchain, leading to a stop in block production for nearly two hours. The immediate aftermath saw a 3.7% decrease in AVAX's price, underscoring the market's sensitivity to technical disruptions. Despite these challenges, experts remain optimistic about AVAX's prospects, predicting a potential increase in value, with some estimates suggesting a target price of $45.50.

Avalanche (AVAX) Technical Analysis

AAvalanche (AVAX) is trading between a support level at $38.55 and a resistance level at $44.22. The Exponential Moving Averages (EMA) present a bullish signal, with the 10-day EMA at $42.84 slightly above the 100-day EMA at $42.22. The Relative Strength Index (RSI) is at 56.85, indicating that AVAX is neither overbought nor oversold, while the Stochastic Oscillator readings, with a %K line at 71.18 and a %D signal line at 73.16, suggest a short-term bearish trend.

Avalanche (AVAX) price prediction

Looking ahead, Avalanche (AVAX) faces several key scenarios. If Avalanche (AVAX) breaks through the resistance level at $44.22, it could target subsequent resistance levels at $50 and $55. 

Conversely, in a bearish scenario, if Avalanche (AVAX) falls below the support level of $38.55, it may test lower support levels at $35 and $30, which could be triggered by lingering concerns over network stability or adverse market conditions.

Burning of the Polka (DOT) token

A significant event for Polkadot (DOT) was the burning of 431,370 Polkadot (DOT) tokens, valued at approximately $3.7 million. Despite this deflationary action, DOT's price experienced a decline of 4.11%. However, over a broader time frame, Polkadot (DOT) demonstrated a notable increase of 15.85%.

Polkadot (DOT) Technical Analysis

Plkadot (DOT) is trading between a support level at $8 and a resistance level at $10. Technical indicators lean towards a bullish sentiment: RSI is at 72.29, which is quite high, suggesting that DOT may be entering an overbought zone. The Moving Average Convergence Divergence (MACD) shows a bullish crossover with a line at 0.18 and a signal line at 0.16. The 10-day and 100-day EMA are at $9.86 and $9.08, respectively, indicating potential consolidation or a reversal in the near term, especially if the market reacts to the overbought conditions.

Polkadot (DOT) price prediction

In a bullish scenario, if Polkadot (DOT) successfully surpasses the resistance level at $10, it could aim for higher resistance levels at $10.5 and $11. 

On the flip side, in a bearish scenario, if Polkadot (DOT) falls below its support at $8, it could test further support levels at $7.5 and $7.

Conclussion

In conclusion, both Avalanche (AVAX) and Polkadot (DOT) have experienced significant events that have influenced their market behavior. While AVAX is overcoming the consequences of the production halt, its technical analysis indicates a balanced but cautious market sentiment, with the potential for growth to higher resistance levels or a fall to test lower support levels. On the other hand, DOT, following a significant token burn, shows bullish technical signals despite a recent price drop, indicating potential upward movement. Investors and traders should closely monitor these cryptocurrencies, considering both their technical indicators and external factors that could influence their future prices.

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.