Altcoins To Watch This Week: ADA, XRP, DOGE, SOL and New Crypto

The cryptocurrency market is experiencing a significant surge, with Bitcoin (BTC) reaching $44K, a level not seen since May 2022. This upward trend is not just limited to Bitcoin; altcoins like Solana (SOL), Cardano (ADA), Ripple (XRP), Dogecoin (DOGE), and the emerging ScapesMania are also showing remarkable performance. The total crypto market cap has increased by $60 billion overnight, indicating a robust bullish sentiment across the market. This growth is particularly noteworthy for altcoins, as they often mirror Bitcoin's movements but with amplified intensity.

According to expert opinions, the above-mentioned coins can show exceptionally high returns for investors this week. That is why we analyzed the available data and news to bring you a brief snapshot of all the altcoins set to stun this week.

Summary 

• ScapesMania: Notable for its presale phase and gaming industry integration.
• Cardano (ADA): Shows breakout potential following a significant wallet update.
• Ripple (XRP): Close to surpassing BNB in market cap, indicating bullish trend.
• Dogecoin (DOGE): Experiences a surge in open futures and price, reflecting investor interest.

ScapesMania: A Rising Star in the Crypto Universe

Many crypto experts pick ScapesMania as the best new project of 2023 and beyond. It manages to separate itself from the competition by offering holders a multitude of revenue streams and high potential ROIs during presale. 

Companies and individual crypto traders looking for fast potential gains should definitely look into ScapesMania's proposition. Once the presale finishes, the price will soar, securing possible returns in the range of 400-500%. Right now, there's an active discount of close to 70% , but it won't last forever - the clock is ticking and all interested in leveraging this offer need to act fast .

When dissecting the tokenomics and other features of ScapesMania, it becomes clear that it's the best altcoin to hold now. The innovative gaming-related core idea, impressive presale numbers, $150,000 giveaway , undying social media hype , and other positive aspects can guarantee that ScapesMania will continue on its winning journey , so it makes sense to get involved as soon as possible.

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Cardano (ADA): A New Chapter in Decentralized Applications

Cardano (ADA) recently introduced a significant update to its wallet, Eternl v1.11.17, marking a crucial development in its ecosystem. This update enhances the wallet's functionality, particularly in terms of collateral handling, which is vital for transactions and staking processes.

Cardano (ADA) price action is mirroring its historical pattern observed between 2018 and 2020, suggesting a potential breakout following a period of consolidation. This pattern indicates a bullish sentiment among investors and traders.

Considering the latest wallet update and historical price patterns, Cardano (ADA) is poised for a potential breakout. However, the success of this breakout will depend on broader market trends and investor confidence in Cardano (ADA) long-term value proposition.

Ripple (XRP): On the Verge of a Major Market Shift

Ripple (XRP) token is experiencing a bullish trend, with its price increasing by 3% in the last 24 hours. This growth brings Ripple (XRP) close to surpassing BNB in market capitalization, a significant milestone for the cryptocurrency.

The current price of Ripple (XRP), trading at $0.6449, is testing the resistance level of $0.6448. If this level is successfully breached and becomes a support floor, it could propel the token towards the $0.7000 mark.

Ripple (XRP) recent performance, combined with the positive outcome of its lawsuit with the SEC, sets a strong foundation for future growth. However, any sudden surge in interest or market volatility could impact its price trajectory.

Dogecoin (DOGE): Riding the Wave of Meme Coin Popularity

Dogecoin (DOGE) has seen over $600 million locked in open futures, reaching an 8-month high. This surge in open interest alongside a rise in price confirms an uptrend for the meme coin.

Dogecoin (DOGE) price has increased by 58% to $625 million in one week, indicating strong investor confidence and bullish sentiment.

While Dogecoin (DOGE) current surge is impressive, investors should be cautious of potential speculative froth, which is often observed at the tail end of marketwide bullish trends.

Solana (SOL): A Beacon of Innovation in DeFi

Solana (SOL) token has more than tripled since mid-October, driven by DeFi traders returning to its ecosystem for on-chain trading, borrowing, lending, and yield-generating projects.

The significant growth in Solana (SOL) value is a testament to the strength and appeal of Solana (SOL) DeFi offerings, particularly the Kamino protocol.

With the upcoming points program and potential token airdrop, Solana (SOL) ecosystem is likely to see further growth. However, the success of these initiatives will depend on continued investor interest and market stability.

Conclusion

The cryptocurrency market is witnessing a robust bullish wave, led by Bitcoin's significant rise. This positive momentum is cascading to altcoins, each displaying unique strengths and potential for growth. ScapesMania's innovative approach , Cardano (ADA) wallet update, Ripple (XRP) market position, Dogecoin (DOGE) meme coin popularity, and Solana (SOL) DeFi advancements are key factors contributing to their respective uptrends. 

As the market evolves, it will become more obvious which project was the better pick . At the time of writing, it seems like ScapesMania is the one to watch out for with its impressive presale numbers and explosive growth potential .

Site: https://scapesmania.io/

Source: https://thebittimes.com/altcoins-to-watch-this-week-ada-xrp-doge-sol-and-new-crypto-tbt73068.html