The post Best New Cryptos to Keep an Eye on in 2024 appeared on BitcoinEthereumNews.com.

Over a recent weekend, a flurry of activity was observed on Deribit, the leading crypto options exchange. Traders aggressively purchased out-of-the-money call options for Bitcoin at strike prices of $65,000, $70,000, and $75,000. This surge in higher strike call buying reflects a robust bullish outlook, reminiscent of the optimism seen during the 2020-2021 bull market. Despite potential overbought technical conditions and concerns over the impact of the bankrupt crypto lender Genesis’ potential selling, traders’ willingness to engage in these bullish bets underscores a strong conviction in Bitcoin’s upward trajectory. The market has witnessed Bitcoin nearly doubling to $50,000 since early October, fueled by strong ETF inflows and a rally that has led to overbought conditions as indicated by the cryptocurrency’s 14-day relative strength index. Yet, the enthusiasm for bullish options bets suggests that investors are looking beyond short-term profit-taking and potential market dips – they believe in a continued rise in Bitcoin’s value. Amidst this backdrop, two emerging cryptocurrencies are garnering attention as promising assets to watch for investors who are seeking opportunities beyond Bitcoin. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token’s value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a…

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Filed under: News - @ February 19, 2024 8:20 pm