Cosmos

NEAR Protocol

The crypto market, particularly the realm of <a href="https://cryptodaily.co.uk/tag/altcoins" rel="noopener noreferrer nofollow">altcoins</a>, has witnessed a surge of strength since mid-October, pushing it tantalizingly close to critical resistance levels. As this wave of enthusiasm builds, there&#39;s chatter that we&#39;re on the cusp of an altseason, with altcoins poised to eclipse <a href="https://cryptodaily.co.uk/tag/bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a>&#39;s performance. As the market teeters on the edge of a potential upswing, investors are at the ready, keen to capitalize on what might come next. Amidst this optimistic scenario, a subtle undercurrent of uncertainty persists, with many wondering if this surge is a prelude to an even more substantial market movement or just a fleeting rally.In this evolving landscape, NEAR Protocol (NEAR) and Cosmos (ATOM) have made notable strides, soaring 49% and 8% in a month, despite the recent market corrections that saw them turning red along with Bitcoin dipping to $42,000. Investors taking profits might signal a strategic shift in the crypto investment game, yet Bitcoin remains the undisputed influencer of market trends. Amidst these market dynamics, <a href="https://scapesmania.io/?utm_source&#61;cryptodaily&amp;utm_medium&#61;mmedia&amp;utm_campaign&#61;ATOMNEAR" rel="noopener noreferrer nofollow">ScapesMania</a> (MANIA), a burgeoning presale project, emerges as a standout as its ambitious decentralized gaming ecosystem could reshape the industry. Investors, buzzing with anticipation because of the gaming industry&#39;s potential transformation and sweet presale perks, are all eyes on what MANIA and similar projects herald for crypto&#39;s future.ScapesMania: Big Returns, Bigger VisionWhile some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project&#39;s appeal.<h2 id="header-0">Presale is Live Now - Join Now for a Chance to Benefit with MANIA</h2>Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.<a href="https://scapesmania.io/?utm_source&#61;cryptodaily&amp;utm_medium&#61;mmedia&amp;utm_campaign&#61;ATOMNEAR" rel="noopener noreferrer nofollow">Presale is Live, Learn More About Major Benefits</a>Cosmos (ATOM): Surging Rank, Sinking Stats<a href="https://cryptodaily.co.uk/2023/12/there-is-a-hidden-link-in-ripple-xrp-cosmos-atom-and-arbitrum-arb-futures-should-investors-brace-for-surprises" rel="noopener noreferrer nofollow">Cosmos</a> (ATOM) has recently climbed to a prominent position in the inter-blockchain ecosystem, marked by a surge in network activity. Yet, despite ATOM&#39;s rise in the ranks, a closer look shows that key engagement and volume indicators are actually on the downswing.Sure, the Cosmos (ATOM) network seemed busy at first glance, but a closer look shows that fewer holders are actually sticking around and trading. <a href="https://app.artemis.xyz/chains" rel="noopener noreferrer nofollow">Tracking</a> by Artemis shows a significant drop in ATOM&#39;s daily active addresses and transactions, challenging the initial positive narrative. This downturn isn&#39;t just in user stats; it&#39;s also reflected in reduced fees and revenues for the Cosmos (ATOM) network, adding a note of caution to the otherwise optimistic outlook.Looking on the upside, Cosmos (ATOM) is gaining traction with moves like <a href="https://cryptodaily.co.uk/2023/12/cosmos-prepares-to-merge-two-dexes-osmosis-and-umee" rel="noopener noreferrer nofollow">merging Osmosis with UX Chain</a> and slashing ATOM&#39;s inflation from 14% down to 10%, laying the groundwork for more growth and a firmer foothold in the market.<h2 id="header-1">Cosmos (ATOM) Technical Outlook</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/bff34c4510a24e86a036062886a8b7a8.png" />Source: <a href="https://www.tradingview.com/chart/3rzIBxxK/?symbol&#61;COINBASE%3AATOMUSD" rel="noopener noreferrer nofollow">TradingView</a>From a technical standpoint, Cosmos (ATOM) is delicately poised, trading between its first support level at $10.378 and the first resistance at $11.93. The asset&#39;s Relative Strength Index (RSI) is nearly neutral at 49.901, suggesting a balance between buying and selling pressures. The Stochastic %K, currently at 22.056, hints that ATOM might be undervalued and poised for a rebound. However, the Average Directional Index (ADX) at a low 19.803 indicates a lack of a strong trend in either direction, and the Commodity Channel Index (CCI) at -47.64 echoes this market indecision. The Moving Average Convergence Divergence (MACD) level, barely in the positive at 0.066, offers little clarity, and the negative momentum value of -0.429 adds to the market&#39;s uncertainty. The proximity of the 10-day Simple Moving Average (SMA) to the current price highlights near-term uncertainty, while the 100-day SMA at $11.15 reflects a longer-term optimism.Looking at potential scenarios, in a bullish case, if Cosmos (ATOM) breaks above the $11.93 resistance, it could aim for the next hurdle at $12.621. The ecosystem&#39;s smart moves and key votes could give the price a serious boost, aiming for $14.173. However, in a bearish view, if ATOM fails to hold above $10.378, it may slide towards the $9.517 support. A sustained decline in user engagement and transaction volume could exert further downward pressure, potentially pushing the price down to the $7.965 support level. Heading into the new year, it&#39;s crucial for Cosmos (ATOM) to turn its network buzz into solid user involvement if it wants to thrive in the market.NEAR Protocol (NEAR): Breaking Through The $4 Mark<a href="https://cryptodaily.co.uk/2023/12/near-protocol-near-vs-optimism-op-who-will-hit-3-first-by-year-end" rel="noopener noreferrer nofollow">NEAR Protocol</a> (NEAR) has recently captured the spotlight, thanks in large part to its latest Wrapped release – this <a href="https://twitter.com/NEARProtocol/status/1737538762068881660" rel="noopener noreferrer nofollow">report</a> shed light on a host of exciting developments and growth within the network, including the launches of B.O.S. and NEAR DA, a collaborative effort with EigenLayer for Ethereum rollups, and the pioneering development of a zkWASM Prover alongside <a href="https://cryptodaily.co.uk/2023/11/near-near-price-analysis-near-goes-up-as-near-foundation-and-polygon-team-up-to-build-zk-solution" rel="noopener noreferrer nofollow">Polygon Labs</a>. These strides have significantly bolstered NEAR&#39;s performance, propelling it past the notable $4 threshold, a spectacular 200% spike in the past few weeks. NEAR Protocol&#39;s (NEAR) cutting-edge tech and fresh strategies<h2 id="header-2">NEAR Protocol (NEAR) Technical Outlook</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/c585ea8d6d8c49c7afa13303eadb2760.png" />Source: <a href="https://www.tradingview.com/chart/3rzIBxxK/?symbol&#61;COINBASE%3ANEARUSD" rel="noopener noreferrer nofollow">TradingView</a>Currently, NEAR Protocol (NEAR) is navigating the market waters between its first support level at $2.521 and its first resistance level at $4.619. The RSI, standing at 59.139, hints at a growing bullish momentum. Meanwhile, the Stochastic %K suggests a balanced market position. The ADX at 42.794 indicates an increasing trend strength, though the CCI at 37.45 and the MACD at 0.206 present a more nuanced view, suggesting a cautious approach for traders. The SMAs reveal a bullish trend in the near term with the 10-day average at $4.253, contrasting with a more conservative long-term outlook reflected in the 100-day one at $2.896.Looking ahead, the bullish scenario for NEAR is supported by its robust foundation and promising technical indicators – if the momentum maintains its course, NEAR Protocol (NEAR) might aim for its second resistance level at $5.441 and perhaps even higher towards the most ambitious target at $7.539, especially if market conditions remain conducive. Conversely, in a bearish turn of events, NEAR could encounter resistance near its current level, potentially leading to a decline towards its support levels. A pullback might find strong support at $2.521, and if the trend extends, it could reach down to $1.245. If NEAR&#39;s price dips, savvy investors might see it as a golden chance to buy, much like the pros including <a href="https://www.youtube.com/watch?v&#61;girzHW4UvwM" rel="noopener noreferrer nofollow">Cheeky Crypto</a> suggest. Whether NEAR Protocol (NEAR) climbs to new heights or dips for a consolidation phase, staying attuned to its market movements and technical indicators is key for savvy trading decisions.BottomlineAs the crypto market, especially the altcoin sector, rides a wave of optimism mixed with uncertainty, the spotlight falls on NEAR Protocol (NEAR) and Cosmos (ATOM), each forging its distinct trajectory. Buoyed by innovative tech strides, NEAR has surged in value, capturing keen interest across the crypto landscape – its recent climb to $4 is a careful blend of bold expansion and the market&#39;s cautious pulse. ATOM is juggling its expanding network influence with a dip in user interest, a tricky act echoing the broader crypto scene&#39;s blend of budding prospects and cautious investment. Both assets are in a delicate equilibrium, mirroring the wider crypto arena&#39;s current state – a complex mix of emerging opportunities and careful speculation. Keenly observing these market movements, savvy traders and crypto enthusiasts are betting that today&#39;s trends could be the blueprint for tomorrow&#39;s crypto realm.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.RELATED TOPICS: <a href="https://cryptodaily.co.uk/tag/altcoins" rel="noopener noreferrer nofollow">#ALTCOINS</a> <a href="https://cryptodaily.co.uk/tag/breaking-news" rel="noopener noreferrer nofollow">#BREAKING NEWS</a> <a href="https://cryptodaily.co.uk/tag/spotlight" rel="noopener noreferrer nofollow">#SPOTLIGHT</a>

Cosmos (ATOM) And NEAR Protocol (NEAR) Could Double Their Yearly Gains By 2024 – Here’s How

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