The cryptocurrency market is currently showing a cautiously optimistic sentiment, despite a recent decline in Bitcoin’s value. This optimism is reflected in the positive funding rates of the perpetual futures market tied to the CoinDesk 20 Index (CD20), which includes major cryptocurrencies. The CD20, a broad market benchmark, has seen substantial trading volume, indicating active market participation. Data from Velo Data reveals that the annualized funding rates for perpetual futures of the top 25 cryptocurrencies have been consistently positive, suggesting a bullish market outlook.
Amidst this optimistic scenario, we asked ChatGPT to seek out altcoins with promising prospects for January. The AI managed to come up with a list of not only coins with solid technical specs, but those that are likely to experience sharp growth within a very specific timeframe – January. Read on to find out which coins are worth looking into, what the latest developments have been, and why ChatGPT prefers some of them over the others.
ScapesMania: A Newcomer to the Crypto Scene
As February approaches, the completion of ScapesMania’s groundbreaking fundraising campaign is nearing. The immediate listing on tier-1 platforms is set to follow, potentially catapulting the ScapesMania token into the stratosphere.
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The journey to success begins with strategic post-listing marketing. Guided by a team with extensive expertise, ScapesMania is poised to achieve new heights.
Furthermore, a journey with ScapesMania isn’t just about holding digital assets; it’s about enjoying the perks of token buyback & burn and staking.
With its strong practicality, ScapesMania’s token stands out in a meme-filled market. Join the community that believes in the real-world applications and long-term viability of ScapesMania!
As the countdown to the end of the presale has begun, the opportunity to grab discounted tokens is slipping away. Don’t miss your chance – act now!
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Standout Features
ScapesMania is a one-of-a-kind gaming ecosystem, where crypto-savvy audiences join forces with the vibrant community of casual players, paving the way to substantial growth. The ScapesMania community is buzzing with enthusiasm, which is reflected in $4 500 000+ raised from crowd/retail contributions to date.
Last Chance for Presale Discount – Act Now Before It’s Too Late!
Empowering Holders
ScapesMania ensures participants get precisely what they desire: gamers enjoy their favorite pastime, while crypto enthusiasts can leverage the ecosystem’s performance and shape its future through DAO, all without engaging in gameplay.
Furthermore, acquiring ScapesMania tokens unlocks extra perks. By joining the presale, you can access bonuses totaling up to +107%. You can also score referral rewards by introducing ScapesMania to your friends.
Verified Excellence
ScapesMania’s smart contract has successfully undergone scrutiny from leading security-ranking companies, providing peace of mind for holders.
Behind ScapesMania is an award-winning team that secured a prestigious grant from a prominent player in the blockchain industry. The team is constantly engaging with a flourishing community of over 60K+ followers.
Potential for Expansion
ScapesMania is part of the massive $376 billion gaming industry, and its growth potential is fueled by this booming market. Already featured on major tracking platforms, ScapesMania is expected to hit major exchanges soon, with negotiations currently underway. After its debut on exchange platforms, holders can expect greater liquidity and easier access to trade.
In recent developments, a wave of momentum was created by crypto whales with deposits of $20,000+ choosing ScapesMania as their next big potential gainer.
ScapeMania’s Prospects
ScapesMania tokens are currently a steal, priced at just $0.007732 per coin during the presale. By joining the presale, early adopters could potentially be looking at significant returns after ScapesMania makes its debut on exchanges. Of course, the already-advantageous ROI can only be just the beginning as ScapesMania has ambitious plans for its multi-stage post-listing development.
Last Chance: Grab Your Discounted Tokens Now!
Time is running out! Secure your tokens now at a discounted rate before the presale concludes. The opportunity window is closing fast – act now to become a part of this groundbreaking journey!
If you’re already on board with everything that ScapesMania has to offer, there’s a unique opportunity for you: a special offered code, JHU975. The limited-time offer is only valid for a limited time since the article’s publication. It’s your best chance to get a bonus of 10% after entering JHU975 in a special field at checkout, so act fast, the clock is ticking.
Near Protocol (NEAR): A Rising Star in the Crypto Market
Near Protocol (NEAR) has recently experienced a significant surge in its market value, with a 65% increase in just four days, according to ChatGPT’s analysis. This impressive growth has led Near Protocol (NEAR) to reach a 440-day high of $3.44. Based on ChatGPT’s observation, the momentum began in November when Near Protocol (NEAR) broke out from a descending resistance trend line that had been in place for 540 days. This breakout marked the start of its upward trajectory.
The price action of Near Protocol (NEAR) shows a breakout from an ascending parallel channel, which had been containing its increase since October, as noted by ChatGPT. This breakout led to an accelerated upward movement, pushing Near Protocol (NEAR) above key resistance levels at $2.70 and $3.40. The Relative Strength Index (RSI), a momentum indicator, is currently above 50 and has crossed above 70, signaling a strong bullish trend, as ChatGPT points out.
According to ChatGPT’s technical analysis, the bullish trend of Near Protocol (NEAR) appears sustainable. If Near Protocol (NEAR) maintains its momentum and closes above the $3.40 resistance, as ChatGPT suggests, it could potentially see a further 50% increase to the next resistance level at $5. However, a close below $3.40 could trigger a drop to the support area at $2.70. ChatGPT emphasizes that the key to Near Protocol (NEAR) future growth lies in maintaining its current momentum and navigating market fluctuations.
Cosmos (ATOM): Navigating Inflation and Community Decisions
The Cosmos (ATOM) community is currently voting on a proposal to set the minimum inflation rate at 0%, following ChatGPT’s analysis of the situation. This follows a previous decision to cap the maximum inflation at 10%. The proposal aims to benefit ATOM stakers and holders by reducing inflation, even if all tokens are staked, as the network would still produce 7% more tokens annually, as per ChatGPT’s insights.
The price of Cosmos (ATOM) is around $9.5, having decreased by 10% over the past week, as observed by ChatGPT. The community’s decision on the inflation rate will likely have a significant impact on ATOM’s price in the short term, according to ChatGPT’s assessment.
ChatGPT notes that the outcome of the community vote on the inflation rate will be a critical factor in Cosmos (ATOM) future price movement. A reduction in inflation could lead to a more stable or even increased value for Cosmos (ATOM), as it would address concerns about the dilution of the asset’s value. However, market conditions and investor sentiment will continue to play a significant role in Cosmos (ATOM) price trajectory, as ChatGPT points out.
Ondo (ONDO): Rapid Growth and Market Expansion
Ondo Finance, a significant player in the real-world asset project space, has recently issued new tokens, leading to a remarkable market capitalization of $1.66 billion, as ChatGPT highlights. Ondo Finance has unlocked 14.3% of its native Ondo (ONDO) tokens, garnering attention from major exchanges like ByBit, Gate.io, KuCoin, and Coinbase, as noted by ChatGPT.
The release of Ondo (ONDO) tokens has generated significant market interest, with the token’s value soaring rapidly, as observed by ChatGPT. The token holders will have governance rights over parameters in the Flux Finance lending platform, further enhancing the token’s appeal, as ChatGPT analyzes.
ChatGPT points out that Ondo (ONDO) market capitalization and rapid growth indicate strong investor interest and potential for further expansion. The governance aspect of the token adds a layer of utility that could attract more users and investors. However, as with any cryptocurrency, market volatility and regulatory developments will be key factors influencing Ondo (ONDO) future price movements, as per ChatGPT’s assessment.
Conclusion
The cryptocurrency market, currently buoyed by a cautiously optimistic sentiment, is witnessing the emergence of several promising altcoins. Amidst this backdrop, ScapesMania stands out as a particularly noteworthy pick for January, according to ChatGPT’s analytics. The innovative gaming ecosystem is about to wrap up its presale as it attracts more and more whales, so now seems like the best time to follow the smart money.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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