The crypto market in January 2024 is marked by significant token unlocks, injecting over $600 million worth of liquidity. Aptos (APT) is set for its largest unlock, releasing 24.84 million APT tokens, which is 8.08% of its circulating supply, valued at approximately $234.76 million. Injective (INJ) is approaching its final token unlock, releasing 3.67 million INJ tokens, equivalent to $136.73 million. This includes allocations for advisors and the team. Optimism (OP), on the other hand, plans to unlock 24.16 million OP tokens, valued at $87.70 million, allocated to the team and investors. Additionally, a linear unlock of 333,330 tokens daily over the next 90 days is scheduled.
While all the above-mentioned coins are growing at the time of writing, and many others are likely to grow significantly after a while, there still is a question of how attractive these altcoins will become in 2024. Should you hold these coins or sell them? That’s the question we are going to try and answer in this article.
ScapesMania: A Newcomer to the Crypto Scene
In the current market circumstances, ScapesMania emerges as an appealing opportunity for early adopters. This groundbreaking project has raised more than $3,680,000 solely from the crowd/retail sector, consistently securing $65,000-$117,000 in funding daily.
Key Highlights of ScapesMania
ScapesMania is not a regular crypto asset; it’s a vibrant gaming ecosystem that caters to the interests of both casual players and crypto-savvy audiences. As a gamer, there’s no need to deal with the complexities of crypto to enjoy captivating gameplay. On the flip side, token holders can reap the rewards of the ecosystem’s performance and shape its future without playing.
Presale Opportunities
What’s more, joining ScapesMania unlocks a treasure trove of bonuses, totalling up to 107%, along with exclusive opportunities like token buyback & burn and staking.
With today’s 50% discount, ScapesMania tokens are a steal. As each subsequent sales stage unfolds, the price is set to grow, reaching $0.01 per token as the presale concludes. Now might be the perfect time to join the circles of ScapesMania holders.
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Aptos (APT): Navigating Future Trajectory
Aptos (APT) has demonstrated a remarkable recovery following a significant market downturn, with its price rebounding from a strong support level at $8.5.
The price of Aptos (APT) experienced a robust rebound, with aggressive buying pushing the price above resistance levels to reach the $10 mark. Currently, the token trades around $10, marking a significant surge from the previous rate. However, there is a potential for correction around the $11 level as the Relative Strength Index (RSI) trades near the overbought region.
Looking ahead, if bulls manage to maintain the current rally and hold the price within the resistance zone of $11-$14, Aptos (APT) price is anticipated to surge toward $20.
Osmosis (OSMO): Capitalizing on Cosmos’s Growth
Osmosis (OSMO), a Cosmos-based decentralized exchange (DEX), has hit a significant milestone with $1.121 billion in monthly volume. This surge in activity is partly due to the DEX’s interoperability within the Cosmos platform, which allows for diverse participation and reward mechanisms. Osmosis (OSMO) allows users to create and manage their liquidity pools, offering flexibility and control over their trading strategies.
The native token Osmosis (OSMO) has experienced a substantial increase, trading around $1.7, up 130 % over the past 30 days. The future of Osmosis (OSMO) looks promising with its growing volume and user base.
Celestia (TIA): Allure of Airdrops and Market Momentum
Celestia (TIA) has been gaining attention in the market, driven by the anticipation of potential airdrops and its positive performance during the bull market. The token has seen a significant rally, with a gain of more than 500% since its inception in October. This bullish momentum is attributed to the growing interest among investors and the potential for staking opportunities.
Celestia (TIA) price stands around $16 and while it continues to make new all-time highs, its future trajectory will depend on the actualization of anticipated airdrops and the platform’s ability to sustain investor interest.
Injective (INJ): Prospects in a Competitive DeFi Landscape
Injective (INJ) is a blockchain platform that supports various financial functions like exchanges and multi-chain swaps. The price has seen its ups and downs, reflecting the natural volatility in the cryptocurrency market. After a period of struggle, the coin dropped to $1.16 in July 2022. However, predictions suggest that Injective (INJ) might break the $34 resistance by 2024 and potentially trade around $48.68 by the end of 2025.
Optimism (OP): Riding the Wave of Layer 2 Scaling Solutions
Optimism (OP) is a layer 2 scaling solution that has seen considerable growth recently. The platform uses optimistic roll-ups to verify transactions, offering a more efficient and cost-effective way to handle Ethereum transactions.
Optimism (OP) has experienced significant fluctuations since its launch, reaching an all-time low in June 2022 and a high of over $3 in February 2023. Recent developments, such as the announcement that Worldcoin would be based on the platform, have sparked an upturn of interest in Optimism (OP). Price predictions for Optimism (OP) are generally positive, with forecasts suggesting it could reach $4.57 in two years.
Conclusion
The crypto market in January 2024 is a dynamic and evolving landscape, marked by significant token unlocks and the potential for high volatility. The release of over $600 million worth of liquidity is reshaping market dynamics. Against this backdrop, ScapesMania shows great potential and looks like the most promising token in this text.
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