In January 2024, the crypto market is witnessing a significant influx of over $600 million in liquidity due to token unlocks from major projects like Aptos (APT), Injective (INJ), and Optimism (OP). Aptos is leading with a notable unlock of 24.84 million APT tokens, representing 8.08% of its circulating supply, while Optimism plans to release 24.16 million OP tokens, accounting for 2.65% of its supply. Additionally, Injective is approaching its final unlock with 3.67 million INJ tokens. These unlocks have historically impacted token prices and are contributing to heightened market volatility, with the sector also closely watching the SEC’s decisions on Bitcoin ETFs.
In this dynamic scenario, Celestia (TIA), Optimism (OP), Aptos (APT), and ScapesMania are emerging as the top altcoins for potential gains this week. These coins are trending due to different reasons, including impressive growth, significant project funding rounds, and various updates. Will they continue to show strength or will some start showing signs of weakness? Find out by reading our article.
3 Hottest Trending Altcoins to Buy This Week:
- ScapesMania: New, gaming-focused project in presale with strong hype.
- Celestia (TIA): Surged post-mainnet launch, significant market cap growth.
- Optimism (OP): Resilient, bolstered by Ethereum upgrades and innovation.
- Aptos (APT): Strong recovery, user growth driving price increase.
ScapesMania: A Newcomer to the Crypto Scene
ScapesMania emerged as a one-of-a-kind gaming ecosystem that caters to two distinct audiences. It offers casual gamers an immersive experience while empowering crypto enthusiasts to enjoy the rewards of the project’s performance and actively shape its future.
For many crypto enthusiasts, ScapesMania has already become one of the top new projects for 2024 and beyond. The community’s excitement is evident as the project has successfully raised over $3,680,000 to date solely from crowd/retail contributions, and this figure is growing by $65,000-$117,000 daily.
If you’re looking for more predictable growth, take a closer look at ScapesMania’s proposition. The presale offers buyers a chance to reap the early bird advantage by acquiring tokens at a whopping 50% discount. Once the presale finishes, the listing price is set at $0.1 per coin, hinting at the possibility of lucrative returns for early adopters.
Note that the discount won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast.
Growth Potential
A closer examination of ScapesMania’s tokenomics and other features provides insight into why it could be one of the best altcoins to hold now. The ecosystem operates within the flourishing $376 billion gaming industry which is only projected to grow, reaching $521.60 billion by 2027.
Furthermore, ScapesMania holders can benefit from a variety of incentives, including buyback, burn, and staking opportunities. Early buyers also have the chance to receive up to +107% in bonuses.
The innovative core idea, impressive presale figures, $100,000 giveaway, undying social media hype, and other positive aspects suggest that ScapesMania could continue its winning journey. So, it makes sense to get involved as soon as possible.
>>> Join Presale at a Discount on the Official Site <<<
If you’re already on board with everything that ScapesMania has to offer, there’s a unique opportunity for you: a special offered code, OWT403. 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 OWT403 in a special field at checkout, so act fast, the clock is ticking.
Celestia (TIA): A Bullish Stance Amidst a Remarkable Rally
Celestia (TIA) has recently captured the attention of crypto traders, maintaining a bullish stance even after an impressive 480% rally. The token’s value surged to $13, marking a 42% gain in 30 days and a staggering 481% increase over the previous 90-day period. This growth coincided with the launch of Celestia (TIA) mainnet beta, signaling the start of a new era for the modular blockchain. Despite a decrease in social volume and development activity, the market cap of TIA skyrocketed from nearly non-existent to a remarkable $885 million in just 15 days, currently standing at $1.9 billion.
The price of Celestia (TIA) has seen significant fluctuations, with key levels to watch including the 100-period exponential moving average (EMA) at $12.38 and major support at $11.18. The token has been trading in a demand zone between $11.18 to $12.91, indicating a critical juncture for its value.
Looking ahead, Celestia (TIA) presents a mix of prospects and challenges. The token’s recent performance and the launch of its mainnet beta suggest a strong foundation for growth. However, the market’s volatility and the recent decrease in social and development metrics could pose challenges. Traders and enthusiasts will be closely monitoring these factors to gauge the future trajectory of Celestia (TIA) value.
Optimism (OP): Resilience in the Face of Market Turbulence
Optimism (OP) has experienced a tumultuous journey since its launch. After reaching an all-time low in June 2022, the token has seen a recovery, especially with the anticipation of Ethereum‘s Cancun upgrade and the hosting of the Worldcoin (WLD) privacy token. Despite challenges like the SEC’s actions against major crypto exchanges, Optimism (OP) has shown resilience and currently holds a market cap of around $3 billion
The price of Optimism (OP) has struggled to reach its initial trading levels post-launch. However, recent developments and increased network usage have led to positive price action. The token’s future trajectory remains uncertain, with predictions suggesting it could reach potentially $4.57 in two years.
Optimism (OP) faces a future filled with both potential and hurdles. The platform’s innovative approach and recent uptick in usage provide a solid basis for growth. However, regulatory challenges and market volatility remain significant obstacles. The community’s response to these factors and the platform’s ability to maintain its momentum will be crucial in determining Optimism (OP) future value.
Aptos (APT): Surging Forward from Market Adversities
Aptos (APT) has demonstrated a robust recovery following a recent market crash, with its price rebounding from a low of $8.8 to around $11. This surge resulted in significant losses for sellers and showcased the token’s resilience. The increase in user transactions and active accounts on the Aptos blockchain has directly impacted Aptos (APT) price positively, reflecting growing confidence and buying pressure in the market.
Aptos (APT) price has surged over 19.1% from the previous day’s rate, trading at around $10.7. The token’s RSI level indicates it is nearing the overbought region, suggesting a potential correction around the $11 level. Bulls are aiming to maintain the current rally, with a target price zone of $11-$14. If successful, Aptos (APT) price could surge toward $20.
Aptos (APT) stands at a crossroads with significant growth potential tempered by possible market corrections. The token’s robust rebound and increased network activity signal a strong market presence. However, the looming possibility of a correction and the need to sustain the current rally present challenges. The ability of Aptos (APT) to navigate these waters and maintain its upward trajectory will be key to its future valuation.
Conclusion
The crypto market in January 2024 is buzzing with activity, primarily driven by significant token unlocks from Aptos (APT), Injective (INJ), and Optimism (OP), injecting over $600 million in liquidity. This influx is creating opportunities for savvy traders, particularly in altcoins, which are currently the top contenders for potential gains.
ScapesMania, still in its presale stage, is attracting attention with its gaming-related concept and significant social media hype and emerges as perhaps the most promising pick in today’s text.
Site: https://scapesmania.io/
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania
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