Analytics Predicts Polkadot (DOT) and Polygon (MATIC) Chances For Old ATH In Next Bull Run

The cryptocurrency world experienced a whirlwind when a piece of unverified news from Cointelegraph claimed that the U.S. Securities and Exchange Commission (SEC) had approved Blackrock's Ishares spot bitcoin exchange-traded fund (ETF). This misinformation led to a surge in Bitcoin's value, increasing by over 10% against the U.S. dollar. However, the news was debunked, with Blackrock confirming the inaccuracy of the information. The market reacted swiftly, with BTC's price adjusting to the revelation. Such incidents underscore the volatility and sensitivity of the crypto market to news, both genuine and fabricated. 

In the wake of this market unrest, other cryptocurrencies like Polkadot (DOT) and Polygon (MATIC) also experienced price fluctuations, highlighting the interconnected nature of the market where news about one asset can indirectly affect others. 

Amidst these market dynamics, ScapesMania (MANIA), a newer entrant in the crypto arena, presents incredible ROIs. Now is the best time to take notice of the project since it's about to really take off.

ScapesMania (MANIA): Future Growth Projection

While bigger cryptocurrencies wrestle with volatility, ScapesMania can offer almost guaranteed ROIs in the range of 400-500%. The innovative project is currently in presale which means holders can get paid well for the wait. The presale consists of several rounds and the current one offers a huge discount on purchases, nearing 85%. If there's ever a time to trust the hype, it is now!

>>> Join the Presale at an 83% Discount <<<

The tokens are low in price, which means that regardless of your budget you can take advantage of the offer. There's no downside and plenty of potential gains to joining ScapesMania even if you don't have much money to make use of.

A closer examination of this coin's features reveals many attractive aspects. For instance, ScapesMania allows holders to get involved with a multi-billion-dollar industry and has many features in place to keep users engaged and incentivize them to keep on engaging. Furthermore, the tokenomics of the project is transparent and secure and the addition of the latest $150,000 giveaway may be the final touch needed to convert early enthusiasts into full-blown fanatics.

Those still considering which presale projects to choose, need to know that ScapesMania's vision for the future is highly ambitious. it comes in the form of further listings, improvements, and development of a unique niche concept that has yet to be adopted in crypto circles. Considering all of the above, it's not surprising that the presale numbers are outstanding – it can surely be a boon to many in the long run.

ScapesMania is at the point where previous buyers can already assume they've made a great decision and now the time is right for those who haven't tried the project yet. Get in now to reach potential ROIs of 400-500% or maybe even higher.

Polkadot (DOT): Current Decline

Polkadot (DOT) is in a precarious position, marked by a descending resistance trendline that has persisted since February. The month of October further exacerbated this trend, with the asset experiencing a 10% decline, dropping from $4.3 to a low of $3.6. Market analysts express concern, highlighting the risk of additional losses if the current downward momentum continues. A brief attempt at a reversal was observed at the $3.6 mark, but the overall sentiment remains cautious.

Polkadot (DOT) price currently hovers between $3.899 and $4.337. The 10-day moving average is at $3.716, which is below the current price, while the 100-day moving average stands at $4.503. This suggests that the asset might face challenges in the near term. Essential support levels are at $3.252 and $3.690, which are vital for DOT's stability. Conversely, resistance levels are at $4.566 and $5.004, and it remains to be seen if DOT can approach these levels in the coming days.

While the Polkadot (DOT) ecosystem's developers remain dedicated, the future is filled with uncertainties. The number of active developers is impressive, but this might not directly translate to a price increase, considering the broader market conditions. Parity Technologies' recent announcement about its shift towards decentralization within the Polkadot (DOT) ecosystem is noteworthy. However, its impact on Polkadot (DOT) price is yet to be determined. The commitment to improving the developer experience is evident, but external market factors and the prevailing sentiment could overshadow these efforts.

Polkadot (DOT) Price Analysis 

Polygon (MATIC): Latest Data

Polygon (MATIC) has recently shown signs of breaking free from a descending resistance trendline that had been its bane since September 29. However, this breakout hasn't been strong enough to push the asset past the crucial $0.60 horizontal resistance area. The recent staking of nearly $10 million by FTX and Alameda in the Polygon (MATIC) ecosystem has stirred discussions, but the tangible impact on Polygon (MATIC) price remains uncertain.

At present, Polygon (MATIC) price oscillates between $0.494 and $0.570. The 10-day moving average is pegged at $0.516, hinting at a subdued momentum, while the 100-day moving average stands higher at $0.601. This suggests that Polygon (MATIC) might face headwinds in its attempt to reach this level soon. Essential support levels are identified at $0.379 and $0.455, which Polygon (MATIC) needs to hold to prevent further decline. Meanwhile, the resistance levels at $0.607 and $0.683 loom large, posing significant challenges for any upward movement.

While Polygon (MATIC) did manage a brief surge above the descending resistance trendline, it faced a swift rebuff, leading to a decline to levels reminiscent of those before the breakout. The daily RSI had earlier indicated a bullish divergence, but this optimism was short-lived. If Polygon (MATIC) struggles to establish itself above a certain resistance, it could signal a weakening of its recent breakout. This scenario might see Polygon (MATIC) facing a potential decline, possibly approaching a significant support area.

Polygon (MATIC) Price Analysis 

Conclusion

The crypto market is dynamic, with each coin having its unique trajectory influenced by various factors. While ScapesMania is emerging as a promising newcomer, established coins like Polkadot (DOT) and Polygon (MATIC) continue to navigate their challenges. 

As the above-mentioned coins face an uncertain future, ScapesMania's growth rate and indicators should make people all over the crypto world sit up and take notice. The discounts, bonus up to 150%, and other incentives should make this even more of a clear-cut case for purchase. Do NOT miss out on your golden opportunity.

Site: https://scapesmania.io/

Twitter: https://twitter.com/ScapesMania

Telegram: https://t.me/scapesmania