Polygon (MATIC) has been navigating through turbulent waters recently: its value declined by 21% in the past month alone, despite an increase in the number of whales holding substantial amounts of its native token. These holders have upped their stakes by 2% over the past month, hinting at their belief in the token’s long-term value.
However, even with significant whale activity, Polygon (MATIC) has struggled to maintain its market position, reflecting the broader downturn that has affected the global cryptocurrency market by a reduction of 11% in overall capitalization. Interestingly, some of these Polygon (MATIC) whales are shifting their focus towards a certain new and promising project in the casual gaming space. This pivot suggests a growing interest in exploring emerging opportunities that might offer higher growth potential.
ScapesMania: Unbeatable Benefits Only
In this text, we will try to explain to you what the Polygon (MATIC) whales see in this project, ScapesMania.
There are many coins out there that don’t have a well-defined list of key advantages. With ScapesMania, the innovative casual gaming project, it’s different. Ever since day one, the project did not shy away from flaunting its numerous upsides. Now, enough time has passed that we can all say that all of ScapesMania’s benefits are legit.
List of Key Features
To give you a quick recap, here are the best features of ScapesMania:
- Active Engagement with the Community. The team clearly thinks that community is important, so they keep in touch with the fans through monthly “Ask Me Anything” (AMA) meetings, community updates, and discussions where anyone can participate.
- Ambitious Plans to Expand Token Utility. ScapesMania has big plans to make the token useful in more ways, giving users new chances to get the most out of their digital asset. The team is committed to finding new ways for tokens to create value.
- Audited by BlockSafu. At ScapesMania, trust and safety are very important. That’s why the project had gone through full audits by top security companies like BlockSafu.
- Cliff and Vesting Mechanisms to Maintain the Supply/Demand Balance. To keep the environment healthy and make sure that growth is sustainable, ScapesMania uses cliff and vesting. This helps keep demand for the token high and encourages users to stay committed for a long time.
- Great Performance on the First Day at PancakeSwap. After the presale went well, ScapesMania made its launch on PancakeSwap (one of the biggest decentralized exchanges). In just 24 hours, $2.25 million worth of the token was traded. This shows that there is a lot of demand for it and trader interest is stronger than ever.
- Growth Potential within the Casual Gaming Niche. According to Statista, the casual gaming business is about to grow very quickly. By 2027, it’s expected to be worth $19.12 billion. As one of the hottest new companies to combine blockchain technology with casual gaming, ScapesMania is perfectly placed to take advantage of this huge market expansion.
- Presence on Crypto Trackers. Being listed on well-known sites like CoinMarketCap and CoinGecko makes ScapesMania even more visible and trustworthy.
- Strong and Active Community. The group of over 60,000 people that makes up ScapesMania is what makes it great. The loyal holders are a big part of why this project is successful. They take part in shaping the project, give feedback, and spread the word about ScapesMania’s goals and continued successes.
- Strong Post-Listing Marketing Plan. Through focused advertising efforts, smart relationships, and media coverage, ScapesMania is dedicated to making the project as well-known as possible.
- Very Successful Pre-Sale. The sales effort was truly amazing. The project gathered over $6.125 million from a passionate group of backers. With more than 18,400 people contributing, the success of the presale shows how much faith and trust the backers have in ScapesMania.
Beyond Advantages – Why Act Now?
When you acquire ScapesMania, it’s not just a coin; it’s a way to get access to unmatched potential growth and opportunity to influence a project within a growing niche.
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Polygon (MATIC) Confronts Stubborn Resistance Amidst Market Uncertainty
In the swirling tides of cryptocurrency market volatility, Polygon (MATIC) is currently grappling with significant resistance, unable to breach the critical price point of $0.7425. Over the past month, Polygon (MATIC) has witnessed a sharp decline of 22.01%, compounded by a 6.65% drop in just the last 24 hours.
Technical indicators provide a bleak outlook for Polygon (MATIC), with the emergence of a “Death Cross” in the 50/200-day exponential moving average (EMA) and a downward trend in the Moving Average Convergence Divergence (MACD) histogram. These signs suggest weakening momentum and potential further price declines. If the bearish pressure persists, Polygon (MATIC) might soon test its next major support level at $0.6325. However, overcoming the $0.7425 resistance could catalyze a rally, potentially pushing the price towards an upper resistance of $0.860 in the upcoming weeks.
Adding complexity to Polygon’s (MATIC) price movements are its correlations with major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC). Currently, Polygon (MATIC) shows a high correlation with Ethereum (ETH), standing at 0.93, indicating that movements in Ethereum’s (ETH) price heavily influence Polygon’s (MATIC) trajectory. With Ethereum (ETH) facing its own challenges and uncertainties, any negative shift could drag Polygon (MATIC) down further. Conversely, stability or gains in Ethereum (ETH) could lend much-needed support to Polygon (MATIC), helping it to break through current resistances.
Conclusion
Polygon (MATIC) is currently facing a significant challenge in the crypto market, with a sharp decline of 21% in April alone, despite an increased interest from whale investors. Amidst these market struggles, an interesting trend has emerged with a growing number of Polygon (MATIC) whales shifting their focus to ScapesMania, a burgeoning project that has rapidly piqued the interest of the crypto community.
Site: https://scapesmania.io/
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania
Announcement Group: https://t.me/scapesmaniaAnn
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