Altcoins Vechain (VET), Arbitrum (ARB) Continues To Rise As Terra Classic (LUNC) Price Rally Pauses

The cryptocurrency market is showing signs of recovery from the FTX collapse, with the overall market cap rebounding to over $1 trillion. Bitcoin is leading the resurgence, with its price doubling this year and investor sentiment lifted by the potential of new Bitcoin ETFs. Despite a more cautious investment climate, the market is regaining momentum, setting the stage for cryptocurrencies like Vechain (VET), Arbitrum (ARB), Terra Classic (LUNC), and the emerging ScapesMania (MANIA)  to continue growing. However, it must be said that all the projects mentioned aside from the steady presale newcomer, ScapesMania (MANIA), are showing signs of slowing down.

How long will the price increase for Vechain (VET) and Arbitrum (ARB) endure, and will Terra Classic (LUNC) be able to reclaim its previous growth rate? What part the up-and-coming ScapesMania (MANIA) will play in the ongoing uptrend? Let’s find out!

Summary

• ScapesMania, as a fresh face in the crypto world, innovative gaming integration positions it as a potential market sensation post-presale.
• Vechain (VET) surge in wallet addresses signals a growing trust in its blockchain utility, hinting at a bullish future if it manages to regain its previous pace.
• Arbitrum (ARB) position as a layer-2 solution for Ethereum could see a value uptick if it successfully navigates past resistance challenges to regain its past growth rate.
• Terra Classic (LUNC) token burn by Binance could alter supply dynamics favorably, potentially pushing its price towards and beyond current resistance.

ScapesMania (MANIA): Gaming Revolution in Crypto

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 85%, but it won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast.

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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.

Join Presale at a Discount on the Official Site

Vechain (VET): Enhancing Business Processes with Blockchain

The Vechain (VET) platform is experiencing a notable uptick in adoption, as evidenced by the addition of over 21,000 new wallet addresses in a single day. This surge has brought the total number of wallets to an impressive 2.28 million, indicating a solid and growing user base. Such an increase is a strong signal of the platform’s expanding reach and the growing interest from the community in Vechain (VET) blockchain solutions.

Vechain (VET) current trading price fluctuates between $0.0165 and $0.0203. The 10-day moving average, sitting at $0.0198, suggests a short-term bullish sentiment among traders, while the 100-day moving average at $0.0172 provides a more moderate long-term outlook. These averages serve as indicators of the market’s consensus on the value of Vechain (VET) over different time frames.

The market indicators for Vechain suggest a cautiously optimistic outlook. The increase in wallet addresses points to a growing market presence, which could translate into increased demand for Vechain (VET) tokens. If the price can sustain above the higher support level of $0.0143 and breach the resistance at $0.0218, there could be a potential for upward price movement. However, the ability of Vechain (VET) to maintain this momentum will be crucial, as any significant market downturn could test the lower support levels.

Arbitrum (ARB): Streamlining Ethereum Transactions

Arbitrum (ARB) is drawing attention in the crypto market, particularly from significant investors, often referred to as ‘whales,’ who are actively deploying strategies around Arbitrum (ARB) tokens. This kind of activity is indicative of a strategic interest in Arbitrum (ARB) potential as a layer-2 scaling solution for Ethereum, suggesting confidence in its future market performance.

The price of Arbitrum (ARB) has been observed to oscillate between $0.807 and $1.040. The 10-day moving average currently stands at $1.035, which could reflect a bullish stance in the short term. Arbitrum (ARB) has two support levels at $0.437 and $0.670, which are crucial for maintaining price stability. Conversely, resistance levels at $1.134 and $1.366 represent thresholds that the price has struggled to exceed due to selling pressure.

The strategic actions of large-scale investors in Arbitrum (ARB) hint at a positive outlook, potentially leading to an increase in the token’s value if the market conditions remain favorable. The proximity of the current price to the higher resistance level suggests that Arbitrum (ARB) is testing the waters for a possible breakout.

Terra Classic (LUNC): A Cautious Rebirth

Terra Classic (LUNC) has been in the spotlight due to significant market activities, such as the recent announcement of a substantial token burn by Binance. This move has the potential to impact the supply dynamics of Terra Classic (LUNC) and is a critical factor in the market’s assessment of its future value.

The trading price for Terra Classic (LUNC) has been noted to vary within the range of $0.00005575 to $0.00007044. The 10-day moving average, at $0.00006440, is slightly above the 100-day moving average of $0.00006386, indicating a marginal bullish sentiment in the near term. From a technical standpoint, Terra Classic (LUNC) has established support levels at $0.00003299 and $0.00004768. On the other hand, resistance levels at $0.00007706 and $0.00009175 are the prices at which selling pressure has previously been sufficient to curb price increases.

The future price movement for Terra Classic (LUNC) is likely to be influenced by the token burn initiative and the broader market’s reaction to it. If the reduction in supply leads to increased demand, there could be upward pressure on the price, potentially testing the established resistance levels.

Conclusion

The cryptocurrency market’s rebound is a fertile ground for both established coins and new entrants. Vechain (VET) is solidifying its presence with a growing user base, Arbitrum (ARB) is attracting strategic whale investments, and Terra Classic (LUNC) is experimenting with bold supply dynamics to revive its value.

Amidst these, ScapesMania (MANIA) is gearing up to make a splash with its unique gaming-crypto blend. The up-and-coming project does seem like the safest bet among the above-mentioned coins. With multiple bonuses, discounts, and beyond, it emerges as a clear favorite.

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• Source: https://thecryptobasic.com/2023/11/07/altcoins-vechain-vet-arbitrum-arb-continues-to-rise-as-terra-classic-lunc-price-rally-pauses/?utm_source=rss&utm_medium=rss&utm_campaign=altcoins-vechain-vet-arbitrum-arb-continues-to-rise-as-terra-classic-lunc-price-rally-pauses