Logo
Cardano Ecosystem

Timestabloid

03/13/2024

·

58 views


Cardano and XRP holders Exploring Scapesmania

In the current crypto landscape, Cardano (ADA) and Ripple (XRP) are under the spotlight due to potential short squeezes, a situation where a rapid increase in prices can occur as investors close their short positions. For Cardano (ADA) , a recent downturn to $0.55 has led to an accumulation of short positions, but with the […]

Cardano and XRP holders Exploring Scapesmania

In the current crypto landscape, Cardano (ADA) and Ripple (XRP) are under the spotlight due to potential short squeezes, a situation where a rapid increase in prices can occur as investors close their short positions. For Cardano (ADA) , a recent downturn to $0.55 has led to an accumulation of short positions, but with the price now moving sideways below $0.75, a further rise could trigger a short squeeze, potentially driving the price up to around $1, marking a significant increase.

Ripple (XRP), on the other hand, has been trading sideways after a drop, with its price hovering between $0.60 and $0.63. The market has seen a large volume of short positions for Ripple (XRP), setting the stage for a possible price surge if these positions start to close in a short squeeze scenario. Currently, Ripple (XRP) seems to be stabilizing around $0.62, and if the market dynamics favor, it could ascend to just above $0.70, offering a notable gain from its current level.

Amidst uncertainty, many holders of the two above-mentioned coins set off on something of a quest. They venture beyond Cardano (ADA) and Ripple (XRP). Join as we explore the complexities of these dynamic projects within the market where new ideas flourish and opportunities are endless. Is there really a better option for those who want growth?

ScapesMania: The Big Debut

After a wildly successful presale that amassed $6.125 million in funding, drew in nearly 18,400 holders, and attracted over 60,000 followers, the eagerly anticipated ScapesMania’s exchange debut finally arrived.

$MANIA is stepping into PancakeSwap, a popular DEX on the Binance Smart Chain network known for its large user base and liquidity. But that’s just the start. Following PancakeSwap, the project is exploring possibilities for CEX listings, which could expand avenues for potential growth. Explore the team’s approach to CEX listing here.

Trading kicked off with MANIA/WBNB and MANIA/USDT liquidity pairs. USDT is the main source of liquidity as per community demand. The debut trading day was remarkable. The token price has shown resilience, indicating robust tokenomics and promising project prospects. ScapesMania has proven to everyone that it’s not just a one-day ICO project but a serious endeavor committed to growing alongside its community of holders.

Cardano and XRP holders Exploring Scapesmania

Holder count steadied at 18.41K in the first 24 hours, with trading volume hitting $2.25M. ScapesMania instantly dominated DEXTools’ Hot Pairs list. No further explanation needed.

Groundbreaking Approach to Gaming

If you’re not yet familiar with what ScapesMania is about, here’s a quick rundown. It’s a gaming ecosystem where players can dive into immersive experiences without any prior crypto knowledge. Meanwhile, holders can benefit from the project’s success and have a say in its direction through DAO.

Tapping into the growing casual gaming industry during the current bull run puts ScapesMania in a favorable position. If you’ve been following crypto news, you’ve likely witnessed success stories of gaming projects during the recent market rally. Now, ScapesMania is all set to take off and unleash its potential in a thriving niche.

Why Go with ScapesMania?

Wondering why the community is flocking to ScapesMania? Let’s decode its appeal:

  • $MANIA tokenomics are carefully balanced with cliff and vesting. A structured vesting schedule is designed to maintain a balance between supply and demand.
  • The $MANIA token serves governance in the evolving DAO and acts as an in-game currency in the pilot gaming project. Community members can also stake tokens for additional rewards and participate in activities for more tokens. The team is actively working on expanding the token’s utility, with plans to introduce new projects and increase its use cases within the ecosystem.
  • There’s a solid post-listing promotional strategy in play. The team has demonstrated its marketing prowess, evident in the $6M+ presale success, the 18.4K+ holder base, the actively growing 60K+ community, and 75K+ average monthly traffic. To further expand the project’s reach, ScapesMania is constantly testing new marketing channels.
  • The project’s smart contract has received a stamp of approval from BlockSafu. As a holder, you can rely on the platform’s commitment to security.
  • ScapesMania is gaining traction on significant crypto platforms, backed by endorsements from respected influencers in the field.

The Road Ahead

In a world where casual gaming rules, ScapesMania leads the way by smartly meeting what the market demands. Unlike other projects facing disconnect from their audience, ScapesMania aligns with community desires: gamers enjoy their favorite pastime while holders benefit from the ecosystem’s success.

The casual gaming industry is expected to skyrocket to $19.12 billion by 2027, according to Statista. This forecast marks the niche as potentially lucrative.

With the fund generation goals surpassed, the team is now fully immersed in product development. For quick start, the project has partnered with the devs that secured a prestigious grant in 2023 for the Metaverse/Gaming/NFT category. 

Sven, ScapesMania’s CEO, says: “As you know, to achieve ambitious goals, a skilled team is pretty crucial. You can already see how skilled and efficient our launch team really is. We’re concurrently working on the product. We are prioritizing the development team’s strengthening, too. To streamline operations, I’m combining the roles of CEO and CTO.” 

Join the community channel to stay updated on the latest releases.

Community Trust

The crypto community is buzzing about the project on popular platforms. They’re excited to join ScapesMania because they share its vision and want to be actively involved. Whales are also taking notice, with deposits already topping $20,000.

It’s obvious that none of this success would be possible without such a loyal community. The ScapesMania team truly thanks its supporters for this kickstart. And remember, it’s just the beginning – there’s plenty more to come!

Join the ScapesMania Movement

ScapesMania’s adventure is just kicking off. As the casual gaming industry gears up for exponential growth in the years ahead, there’s never been a better time to tap into this promising landscape.

Remember how gaming projects boomed in 2021? Well, the current crypto market boom might offer a similar chance for expansion. With a stable price post-listing and strong initial support, the coin has already proven its resilience.

The future price trajectory hinges on community strength, development milestones, and robust marketing strategies, all of which ScapesMania excels in, leaving endless possibilities ahead.

Why wait? Take action today! Secure your spot in a potentially rewarding journey – grab your $MANIA tokens on PancakeSwap now.

>>> Join 18K Holders – Buy $MANIA Now! <<<

Cardano (ADA): A Glimpse into Its Market Dynamics and Future Trajectory

Cardano (ADA) has been navigating through a period of price fluctuations, recently experiencing a dip of 2.6% over the past week. This trend appears counterintuitive to the broader expectation that altcoins would rally alongside Bitcoin’s price increase. Despite Bitcoin’s surge to new heights and Ethereum’s price crossing significant milestones, Cardano (ADA) performance has been a topic of speculation among investors and enthusiasts alike.

Currently, Cardano (ADA) is trading around $0.74, marking a modest increase of 0.93% in the past day. Its trading volume has seen a significant uptick of 39.41%, reaching 1.24 billion. This heightened activity indicates a robust interest in Cardano (ADA), positioning it among the top ten cryptocurrencies by market cap. Despite a bearish week, Cardano (ADA) has shown impressive growth of 36% over the past month and an astounding 142% year to date.

Technical analysis suggests a bullish outlook for Cardano (ADA), with potential to surpass the $1 resistance level. Indicators such as the short-term and long-term moving averages, along with the MACD, signal positive momentum. However, the volatile nature of the cryptocurrency market means that predictions come with a degree of uncertainty. Analysts remain optimistic, citing Cardano (ADA) strong weekly chart trends and the absence of major resistance levels up to $1.2, hinting at a possible 50-60% surge in the near term. This optimism is further bolstered by the potential for Cardano (ADA) to hit $3 by May, driven by favorable market sentiment and its current positioning.

Ripple (XRP): Riding the Wave of Legal Clarity and Market Optimism

Ripple (XRP) is poised for a significant surge in 2024, fueled by recent legal victories and evolving market dynamics. The SEC’s decision to recognize Ripple (XRP) as not a security has injected a wave of optimism into the XRP community. This legal clarity, coupled with positive market sentiment, lays the groundwork for potential growth and broader acceptance of Ripple (XRP).

Ripple (XRP) is currently trading around $0.63, reflecting a 1.44% increase from previous levels. Despite notable volatility, Ripple (XRP) price movement indicates a bullish trend, with a 4.73% increase over the past week and a 22.49% rise over the last month. This growth trajectory suggests increasing investor confidence in Ripple (XRP) as a viable asset.

The resolution of Ripple (XRP) legal battles and the potential for trading on U.S. exchanges are key factors that could drive Ripple (XRP) price upwards. Legal clarity and Ripple (XRP) unrestricted use of Ripple (XRP) are seen as crucial catalysts for a rally towards all-time highs. However, ongoing legal uncertainties and the SEC’s actions remain variables that could impact Ripple (XRP) market performance. Despite these challenges, the positive market vibe, especially in light of Bitcoin’s strong performance, points to promising prospects for Ripple (XRP). Analysts remain hopeful for a breakout, signaling good news for investors in the near future.

Conclusion

The current dynamics in the cryptocurrency market, especially surrounding Cardano (ADA) and Ripple (XRP), present intriguing opportunities for market participants, particularly those involved with ScapesMania. Cardano (ADA) potential short squeeze could elevate its price significantly, while Ripple (XRP) market movements suggest a promising uptrend. Furthermore, ScapesMania’s successful debut on PancakeSwap, coupled with its innovative gaming ecosystem and strong community support, positions it well in the burgeoning casual gaming market. The newcomer might offer something special, something that can eclipse future projections for both better-known coins.

Site: https://scapesmania.io/

Twitter: https://twitter.com/ScapesMania

Telegram: https://t.me/scapesmania

Announcement Group: https://t.me/scapesmaniaAnn

Solomon Odunayo

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Timestabloid

ORIGINAL SOURCE

https://timestabloid.com/cardano-and-xrp...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Timestabloid

See more
Santiment Presents XRP and Cardano Bullish Metrics Amid Market Downturn
Timestabloid
Santiment Presents XRP and Cardano Bullish Metrics Amid Market Downturn

last Thursday at 6:32 PM

·

20 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)