3 altcoins set to reach new price highs in 2024 By Invezz.com

Invezz.com – In 2023, global crypto market capitalization to grow to $1.69 trillion, a 112% increase from last year. The bullish trend was driven by factors such as the initial approval of spot ETFs in the United States, the successful network upgrade in Shanghai, and the upcoming Bitcoin halving event.

Major cryptocurrencies such as Bitcoin and Ethereum saw their prices rise by a notable 154% and 93% respectively, while altcoins such as others recorded even more substantial gains.

Confidence among key Bitcoin stakeholders, including long-term holders and “whales,” increased as they actively increased their stakes, which historically is a sign of major rallies. Market sentiment remains positive, indicating the potential for further growth and new records in the crypto sector.

In this context, altcoins like Solana (SOL), Aptos (APT), Arbitrum (ARB), and Skepsmania could be positioned to break records in 2024. Let’s look at recent data to understand how this outlook is shaping up.

Scapsmania: A dynamic rise in the crypto landscape

Scapsmania has become a unique gaming ecosystem, gaining recognition among both casual gamers and cryptocurrency enthusiasts. Known for its innovative core idea and many early adopter benefits, Skepsmania is showing rapid growth during its pre-sale, with $3,586,000 raised from the public and retail alone.

Backed by an award-winning team, Scapesmania puts security first and has successfully passed audits from multiple security labs.

As listing on exchange platforms approaches, Skepsmania is poised for increased visibility and liquidity, contributing to its anticipated growth.

To know more details about Skepsmania, visit their official site.

A look at the Skepsmania pre-sale

By joining pre-sales, cryptocurrency enthusiasts can learn about and potentially acquire a new coin before its official launch and listing on exchanges. This is also a great opportunity to acquire tokens at a lower price than their value after the project launch.

The ongoing Skepsmania pre-sale continues to gain momentum, offering a limited opportunity to acquire tokens at a 50% discount. With the price set at $0.01 per coin after listing, backers can make big savings and potentially make substantial returns by joining the Skepsmania pre-sale.

Examining the Possibilities for Scapesmania

Several indicators suggest that Swapmania could be one of the most promising cryptocurrencies of 2024:

• Growing Market: Scapesmania offers cryptocurrency enthusiasts an opportunity to take advantage of the booming casual gaming industry, which is projected to reach $19.12 billion by 2027.
• Simple Tokenomics: The tokenomics of the project is easy to understand as it avoids any ambiguity;
• Growing pre-sale figures – Skepsmania pre-sale figures are approaching $4,000,000, indicating that it is gaining significant traction in the crypto community.

For more information about Skepsmania, visit its official website, Twitter (NYSE:) and Telegram channel.

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Solana (SOL): Unstoppable Rally and beyond

Solana’s recent strong rally has attracted attention in the cryptocurrency market, with its trading volume exceeding that of Ethereum. This increase reflects market sentiment and recognizes Solana’s technological progress.

The price of SOL continues to rise, breaking the important resistance level and reaching the $143 mark. However, with significant increases, profit-booking and selling may occur, emphasizing the need for cautious optimism.

The future of SOL looks promising but challenging. Its technical capabilities and its growing acceptance in the market indicate growth potential. Anticipation of Bitcoin ETFs and institutional funds may also boost Solana.

Nevertheless, traders should remain cautious due to the potential volatility that can accompany rapid price rises and corrections. It will be important to strike a balance between optimism and caution in pursuing the future of SOL.

Aptos (APT): Navigating the Impact of Enrollment

Aptos recently implemented enrollment on its network, which may impact transaction numbers and overall activity. This measure can improve the usefulness and attractiveness of the network. Total value locked (TVL) has exceeded $100 million, indicating growing confidence and investment.

APT is showing a strong uptrend with a slight increase in trading value and an RSI above 60, indicating trend strength. However, potential corrections and volatility are inherent in bull runs, requiring traders to monitor metrics closely.

The future of APT looks bright with recent technological advancements and increased network activity. There is a need to maintain momentum for sustainable development and attract users and developers. Investors and traders should closely monitor platform developments and external market forces to make informed decisions.

Arbitrum (ARB): The Hidden Gem of Cryptocurrency

Arbitrum is gaining recognition as a potential “hidden gem” in the crypto space, serving as a scaling solution for Ethereum. Its recent performance against Bitcoin indicates growing recognition of its potential.

As Ethereum’s layer 2, Arbitrum’s success is closely tied to Ethereum, but it could provide a disproportionate advantage as the network grows.

The future of Arbitrum is interesting, with substantial growth potential as it develops the technology and user base. However, as a more niche investment than broader blockchain technologies, it faces unique challenges.

Market recognition, adoption, and success and scaling of Ethereum will be critical factors. Holders considering Arbitrum will need to assess its potential against the inherent risks in a highly competitive and rapidly evolving market.

final thoughts

The resurgence of the cryptocurrency market in 2023 sets the stage for a promising 2024, especially for altcoins like Solana (SOL), Aptos (APT), Arbitrum (ARB), and Skepsmania. These coins have demonstrated significant growth potential and resilience, keeping pace with the bullish path of the broader market.

With its visionary roadmap and current pre-sale offerings, Skepsmania could be a worthy bet for those looking to get a foothold in the crypto sphere.

To understand more about Skepsmania’s offering, visit its official website, Twitter account and Telegram channel.

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This article was originally published by Invezz.com