Top Altcoins Primed for Growth Amidst Bitcoin ETF Speculation

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The current state of the cryptocurrency market is marked by significant developments and optimism. Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, recently achieved a notable milestone by reaching the $47,000 mark for the first time since April 2022. This surge in Bitcoin’s value is largely attributed to the growing anticipation surrounding the potential approval of Bitcoin spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). 

The overall crypto market is also witnessing positive trends. The global crypto market cap stands at $1.72 trillion, despite a 24-hour dip of 6.86 percent. Other popular altcoins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Solana (SOL), and Dogecoin (DOGE) have shown gains. Memecoin BONK emerged as a significant gainer with a 24-hour jump of over 27 percent. Amidst these developments, altcoins such as Aptos (APT), Polygon (MATIC), Blur (BLUR), Cardano (ADA), LeverFi (LEVER), and ScapesMania (MANIA) are poised for growth, as the market eagerly awaits the SEC’s decision on Bitcoin ETFs, which could further influence the market dynamics.

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Aptos (APT): Navigating Through a Major Token Unlock

Aptos (APT) is on the verge of a significant event with the unlocking of 24.84 million APT tokens, valued at over $260 million. This release, a hefty slice exceeding 8% of what’s out there, hits the scene as a game-changer for Aptos (APT) market presence. With these tokens entering circulation, we need to watch how they’ll influence the market’s rhythm and current trading scenarios.

The price range for Aptos (APT) currently fluctuates between $7.21 and $11.27. The 10-Day Moving Average stands at $9.35, while the 100-Day Moving Average is at $7.34. Aptos shows support levels at $0.97 and $5.03, with resistance levels identified at $13.15 and $17.21.

The impending Aptos (APT) token drop might stir the pot in the crypto scene, injecting more coins into play and potentially pushing its market price. While the current volume trends seem optimistic, the market’s reaction to this influx of tokens remains uncertain. Aptos (APT) has shown resilience in recent times, but the addition of a substantial number of tokens to the market could test this stability. Market watchers need to keep a sharp eye on how Aptos (APT) fares after this new batch of tokens hits, as it’ll clue us in on what’s ahead for the cryptocurrency.

Polygon (MATIC): Balancing Network Growth and Price Dynamics

Polygon (MATIC) has witnessed a significant increase in network activity, with the number of daily active addresses reaching the highest level since October 2023. This rise in network activity indicates a growing demand and adoption of Polygon. However, despite the increase in active addresses, the number of daily transactions on the Polygon network has somewhat declined recently.

Polygon (MATIC) is currently trading within a price range of $0.784 to $1.124. The 10-Day Moving Average is at $0.883, and the 100-Day Moving Average is $0.754. Support levels for MATIC are found at $0.256 and $0.597, while resistance levels are at $1.278 and $1.619.

The increased network activity for Polygon (MATIC) suggests a positive trend in terms of user engagement and blockchain utilization. However, the recent bearish market trend and the decline in daily transactions present challenges. The future price trajectory of Polygon (MATIC) will likely depend on how these contrasting factors play out. While the heightened network activity could lead to increased utility and value, the market’s overall sentiment and transaction volume will be crucial in determining Polygon (MATIC) price performance.

Blur (BLUR): Responding to a Significant Token Release

Blur (BLUR) recently unlocked over 49 million tokens, valued at around $23.2 million. This significant release of tokens was part of an ongoing process, resulting in 485 million tokens worth about $226 million being released and transferred to Coinbase Prime. Despite this large-scale unlocking, the circulating supply of Blur (BLUR) remains significantly below its total supply, with over 1.1 billion in circulation out of a total of 3 billion.

Blur (BLUR) price range currently lies between $0.377 and $0.569. The 10-Day Moving Average is at $0.481, and the 100-Day Moving Average stands at $0.376. Support levels are identified at $0.099 and $0.291, while resistance levels are at $0.674 and $0.866. 

The future of Blur (BLUR) in the market is intriguing, especially considering the recent token unlocks. The influx of a large number of tokens could lead to increased market activity and liquidity. However, it also poses the risk of market saturation and potential downward pressure on the price. The market’s ability to absorb these new tokens without significant disruption will be key to Blur (BLUR) short-term price stability and long-term growth prospects.

Cardano (ADA): Developer Activity vs. Market Performance

Cardano (ADA) has been recognized for its substantial developer activity, leading among blockchains in terms of GitHub commits. However, there is a noticeable gap between this vibrant development activity and the performance of its decentralized finance (DeFi) ecosystem. Despite the surge in development efforts, Cardano (ADA) DeFi ecosystem has faced a downturn in engagement and trading volume.

Cardano (ADA) price has been fluctuating within a range of $0.418 to $0.724. The 10-Day Moving Average is at $0.558, while the 100-Day Moving Average is at $0.412. Cardano (ADA) has established support at $0.243 and faces resistance at $0.854 and $1.160. 

The future price trajectory of Cardano (ADA) will likely be influenced by the continued development activity and its ability to translate into tangible market performance. If Cardano (ADA) can bridge the gap between its development efforts and DeFi ecosystem growth, it could create a strong foundation for price recovery and growth.

LeverFi (LEVER): Innovating in the DeFi Space

LeverFi (LEVER), formerly known as RAMP DEFI, has been making strides in the decentralized finance (DeFi) market. It has recently undergone significant changes, including a rebranding and strategic shifts to address challenges in the DeFi market. LeverFi (LEVER) aims to provide a platform for trading with borrowed funds and earning rewards, connecting various blockchain networks.

LeverFi (LEVER) price range is currently between $0.00101 and $0.00256. The 10-Day Moving Average is at $0.00153, and the 100-Day Moving Average stands at $0.00145. Support is found at $0.000347, with resistance levels at $0.00344 and $0.00498.

The future of LeverFi (LEVER) in the market is promising yet challenging. The platform’s innovative approach to decentralized leverage trading and its expansion plans, including the introduction of LeverPro for BRC20 tokens, set the stage for potential growth. However, LeverFi (LEVER) faces the challenge of navigating a highly competitive and volatile DeFi market. 


The cryptocurrency market is currently experiencing a phase of optimism and growth, particularly among various altcoins. Bitcoin’s recent surge to over $47,000, a level not seen since April 2022, has been a key driver of this positive sentiment. This increase in Bitcoin’s value is largely due to the anticipation of the potential approval of Bitcoin spot ETFs by the SEC. The global crypto market cap stands at a robust $1.72 trillion, despite a minor dip. In this environment, specific altcoins such as Aptos (APT), Polygon (MATIC), Blur (BLUR), Cardano (ADA), and LeverFi (LEVER) are particularly poised for growth.

Each of these altcoins faces unique circumstances and opportunities. Aptos (APT) is navigating a major token unlock, which could significantly impact its market presence. Polygon (MATIC) is balancing increased network activity with price dynamics, indicating a growing demand and adoption. Blur (BLUR) is responding to a significant token release, which could affect market liquidity and price stability. Cardano (ADA) continues to show a gap between its substantial developer activity and the performance of its DeFi ecosystem, a disparity that needs to be bridged for future growth. Lastly, LeverFi (LEVER) is innovating in the DeFi space, facing the challenge of navigating a competitive market while expanding its platform. 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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About the Author: Daniel